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@00h.tam.nong: @minhquan5102009 Mẩu #tretamson #00htamnong #xh #xhtiktok #xhtiktok2026

00h Tam Nông 🎀
00h Tam Nông 🎀
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Sunday 03 May 2026 06:54:59 GMT
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trevuhoang2
kính sự TP :
tao chịu
2026-05-03 13:15:34
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dcm36thanhhoa
quochuyy :
Nett lun
2026-05-03 08:30:48
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thinhchuoi.2009
⚔️🇻🇳 :
Nét quad
2026-05-14 04:52:30
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On August 27, 2021, Kunming, China used 4.6 metric tons of explosives across 85,000 detonation points to bring down fifteen unfinished towers. Fourteen collapsed in 45 seconds. The fifteenth refused to fall. Workers brought it down manually three days later. In 2016, Xi Jinping said houses are for living, not for speculation. By 2020, the central bank capped developer leverage. Evergrande breached every limit. Country Garden followed. That was the deflation lever. Cut credit, cull the expectation of appreciation, watch prices fall. The demolitions are the opposite lever. China overbuilt so badly that 50 million units sit vacant and 20 million sit unfinished. Once prices fell, that overhang threatened to turn deflation into collapse. Beijing started blowing up unfinished towers to put a floor under the descent. Two opposite interventions, same goal: managed deflation on Beijing's timeline. Yang Huiyan, China's richest woman at $30 billion in 2021, lost 84% of it by 2023. The state deflated a sector holding 70% of urban household wealth. Western democracies can't do this in either direction. Homeowners are 65% of voters in the US, Canada, and Britain. They sit on leveraged positions they understand as their retirement plan. Deflating their asset is asking them to detonate their own savings. Detonating prices to make housing accessible requires a state that doesn't answer to a homeowner electorate. China has that. The West does not. If you want to see political will to manage prices, watch buildings come down in Kunming. If you want to see homeowner will to protect housing wealth, watch a California town with $4.5 million home prices declare itself a mountain lion sanctuary to block new construction. Both are coherent. The difference is who sets the agenda.
On August 27, 2021, Kunming, China used 4.6 metric tons of explosives across 85,000 detonation points to bring down fifteen unfinished towers. Fourteen collapsed in 45 seconds. The fifteenth refused to fall. Workers brought it down manually three days later. In 2016, Xi Jinping said houses are for living, not for speculation. By 2020, the central bank capped developer leverage. Evergrande breached every limit. Country Garden followed. That was the deflation lever. Cut credit, cull the expectation of appreciation, watch prices fall. The demolitions are the opposite lever. China overbuilt so badly that 50 million units sit vacant and 20 million sit unfinished. Once prices fell, that overhang threatened to turn deflation into collapse. Beijing started blowing up unfinished towers to put a floor under the descent. Two opposite interventions, same goal: managed deflation on Beijing's timeline. Yang Huiyan, China's richest woman at $30 billion in 2021, lost 84% of it by 2023. The state deflated a sector holding 70% of urban household wealth. Western democracies can't do this in either direction. Homeowners are 65% of voters in the US, Canada, and Britain. They sit on leveraged positions they understand as their retirement plan. Deflating their asset is asking them to detonate their own savings. Detonating prices to make housing accessible requires a state that doesn't answer to a homeowner electorate. China has that. The West does not. If you want to see political will to manage prices, watch buildings come down in Kunming. If you want to see homeowner will to protect housing wealth, watch a California town with $4.5 million home prices declare itself a mountain lion sanctuary to block new construction. Both are coherent. The difference is who sets the agenda.

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