let's measure the standard of living with auto sale, instead of GDP

[flamer84]

2. China is a exception, its per capita auto sale is more than many countries with higher per capita GDP( Poland, Turkey, Greece, Mexico,Romania..etc), because RMB is serioulsy undervalued.

In the European countries mentioned by you it pays to buy SH cars from Germany due to lack of borders,customs,taxes.You can get a 3 year old Audi( 40-50k milleage) at half the price of a new one.What would you do ?

 

[Hamartia Antidote]

The average car price in China is about 120k CNY, or 20k USD.

The average "paid" car price or simply the average car price?
If a country only had two models available ( say a Toyota Corolla and a fancy Ferrari) the average price would be insane but we know most people are actually buying the Toyota.

 

[GS Zhou]

The average "paid" car price or simply the average car price?
If a country only had two models available ( say a Toyota Corolla and a fancy Ferrari) the average price would be insane but we know most people are actually buying the Toyota.

It's a weighted-average price that reflecting the sales portion of cars from different price bands, from Chery QQ till Lamborghini.

 

[AndrewJin]

It's a weighted-average price that reflecting the sales portion of cars from different price bands, from Chery QQ till Lamborghini.

Buying a car less than 100k yuan(unless subsided like electric car or hybrid car) is .......

 

[Jlaw]

In some major cities, BRT only costs 1 RMB ($0.15) to ride tens of KM. Why I need a car? People in China are buying cars to show off or bow to peer pressure. No wonder almost all luxury brands find their largest market in China. Simply stupid!

East Asian in general are stupid in that sense. Trying to impress people you don't give a shit about is really stupid

 

[Hamartia Antidote]

I just wish we had better public transportation, so I can just play with my cellphone on my way to work.

Doing exactly that right now. Running late today. Luckily it isn't anywhere near as crowded as the videos posted.

 

[Dungeness]

Doing exactly that right now. Running late today. Luckily it isn't anywhere near as crowded as the videos posted.

Nice. They have 4 times population crowed in east part of China, less than half size of the US. The good thing is they build things fast, very fast.

Here we have been discussing about a 2-mile 4-lane underground tunnel for the past 15 years, and got started a couple of years ago. Barely half a year into the project, it got some problem and stalled since. Nobody knows when it is going to restart and complete. Behind schedule and overshooting budget seems to be a norm for almost all projects.

• China: monthly passenger car sales by origin 2015 | Statistic

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Although it doesn't make clear how many of cars with an origin of China are actually locally produced foreign cars.

Most people here buy their cars with car loans, 36 month, 60 month, or even 72 month. Many people even have to take out loan to buy an used car. I don't know how many people in China take out car loans, it seems all my relatives buy their BMW or Audi with cash! Many people there do have s**t load of cash. Every time I visit back home, I feel like a cheapskate, and I am perfectly in top 10%. Something is just not right.

I read a survey a couple years back, more than 60% of Americans can't come up with $2000 emergence money in 30 days. Too many people live paycheck by paycheck.

 

[Hamartia Antidote]

Nice. They have 4 times population crowed in east part of China, less than half size of the US. The good thing is they build things fast, very fast.

Here we have been discussing about a 2-mile 4-lane underground tunnel for the past 15 years, and got started a couple of years ago. Barely half a year into the project, it got some problem and stalled since. Nobody knows when it is going to restart and complete. Behind schedule and overshooting budget seems to be a norm for almost all projects.




Most people here buy their cars with car loans, 36 month, 60 month, or even 72 month. Many people even have to take out loan to buy an used car. I don't know how many people in China take out car loans, it seems all my relatives buy their BMW or Audi with cash! Many people there do have s**t load of cash. Every time I visit back home, I feel like a cheapskate, and I am perfectly in top 10%. Something is just not right.

I read a survey a couple years back, more than 60% of Americans can't come up with $2000 emergence money in 30 days. Too many people live paycheck by paycheck.

I bought my first new car with -$20K in cash back in 1994 when I was a 20 something. I haven't bought with cash since - even though I had it. Many people over 30 have their money tied up in housing, retirement, college funds. If car loans are ~1% they don't feel bad about it. I once did a 3 year and the interest was about $400 total. Not a big deal.

As for the $2000 if you own (or are paying off) a house you can get money out of it using a HELOC (Home Equity Line Of Credit)

 

[Dungeness]

I bought my first new car with -$20K in cash back in 1994 when I was a 20 something. I haven't bought with cash since - even though I had it. Many people over 30 have their money tied up in housing, retirement, college funds. If car loans are ~1% they don't feel bad about it. I once did a 3 year and the interest was about $400 total. Not a big deal.

As for the $2000 if you own (or are paying off) a house you can get money out of it using a HELOC (Home Equity Line Of Credit)

True, but a lot people are still underwater, and taking out equity loan doesn't really consider as saving for raining days though. Besides, home ownership is fairly low here comparing to China's.

 

[Hamartia Antidote]

True, but a lot people are still underwater, and taking out equity loan doesn't really consider as saving for raining days though. Besides, home ownership is fairly low here comparing to China's.

If you are underwater I don't think you can take out any more from your HELOC.

If people paid $1M for a $500K house well not much you can do. I think the bank loaning crazy money shouldnt be surprised at a default.

Plus the property under the house is sometimes worth more than the house. The property can be a few million an acre.

 

[IsaacNewton]

Retarded measurement. Some countries buy less cats because they have excellent public transportation system.

Things like calorie consumption, electricty/energy consumption, years of schooling, ect are better estimates.

I do agree though that coastal china is not 4 times poorer than Japan (in living standards). In fact, it is practically first world.

 

[Dungeness]

If you are underwater I don't think you can take out any more from your HELOC.

If people paid $1M for a $500K house well not much you can do. I think the bank loaning crazy money shouldnt be surprised at a default.

Plus the property under the house is sometimes worth more than the house. The property can be a few million an acre.

Ocean Shores, WA, property worth about $12,000 for 1/3 acre, with Pacific Ocean view. I think Chinese friends will be going banana about this price.