Spanish media outlet mocks framing of China's falling housing prices as a "crisis"
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Tremending
Summary
The article is a sarcastic/satirical commentary reacting to a Spanish economic newspaper (El Economista) that described China's housing market situation as a "crisis" because new home prices have been falling for 36 consecutive months. The author mocks this framing, pointing out that falling prices make housing more affordable in 52 of China's 70 major cities, and that over 90% of Chinese residents are homeowners. The piece criticizes Western media's tendency to frame housing affordability improvements as a crisis, contrasting it with Spain's own unaffordable housing market.
Source
bskySpanish media outlet mocks framing of China's falling housing prices as a "crisis"diario.publico.esKey quotes
· 3 pulledUna "crisis" sin precedentes que ha provocado que sea más asequible comprarte una casa en 52 de las 70 principales ciudades del país asiático, una situación nada envidiable.
Ante este desvarío de llamar crisis al abaratamiento de la vivienda...
Pobrecitos, más del 90% son propietarios
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