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I got out of a bad business situation 6 months ago with some 6 figure losses so I can’t really use my own company to pay myself. I can’t exactly wait for 2 more years for new company tax returns. So personal tax return seems to be the only option but it doesn’t look good as I have’t worked in almost a year. The credit department seems quite hung up on this “have a job and payslip” thing. I guess I’ll have to get creative.
I just got back last week from Shanghai after not having been there for nearly 17 years. Most of people I spoke to are skeptical of anymore growth simply because that’ll put it out of reach of the majority population.
I’ve also noticed the government is just building for the sake of building and artificially inflating the GDP. I took a train ride to visit my aunty in Ningbo and along the way in remote areas, I see many 30 story identical apartment blocks being built 10 x 10 at a time. I just found it all too crazy. Surely you aren’t going to tell me there are 12000 families just waiting to live in the middle of nowhere. There seems to be a lot of supply, a lot of demand but the price difference between seller and buyer is so large that it boggles the mind and yet, they continue to build and advertise these prices. I should go in and ask for a 80% discount and see what happens.
The poor real estate agents there are standing on street corners and literally following people as they walk by just to try to drum up interest.
The place is just crazy.
