Henry Fudge
Region: CH
Wednesday 30 September 2026 16:02:11 GMT
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Jaan :
Rentier black hole mentioned at 2.12
2026-09-30 19:23:47
520
Nightwolf x :
What are the benefits for someone to buy a home in Hong Kong??
2026-09-30 18:02:46
0
Henry Fudge :
As inequality rises, the brands get bigger, the gambles get crazier and the leverage grows. The reference still moves, and the gravity can even drag on your psychology of what you value and how you perceive value. Hong Kong is a real harsh edge case example of that
2026-09-30 16:04:58
71
More than fiction :
Alternatively, the Rolex is a fake.
2026-09-30 16:21:52
181
DoublePy :
It seems paradoxical because Hong Kongers are known to look down on mainland Chinese as being tacky and tasteless (big branded logos, overt displays of wealth). Turns out they are the ones more likely to flaunt signs of “wealth” themselves!
2026-09-30 16:47:43
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simon :
its mostly government housing,not quite a rentier black hole ?
2026-10-04 18:11:59
0
Nelson :
I have HK wealth management mentality whilst living in the UK, help
2026-09-30 16:24:48
158
Dominic Fisher :
Does this help explain the increase in betting shops in deprived areas?
2026-10-05 06:29:17
0
Rzr :
A £15k watch in HK isn’t all that plus no one bats an eyelid at a Rolex. People are more frugal than in the west. They work hard, save hard but eat well. Interesting analysis of life there though.
2026-10-04 10:33:31
1
Sasha Hope 🇨🇦 :
I’ve heard some places allow you to rent luxury fashion for this exact reason like the vision of being rich is as important as actually being rich to people psychologically
2026-09-30 16:42:33
62
veritea17 :
I tend to only buy lottery tickets when I am totally broke so checks out [Tears of joy]
2026-10-04 13:47:01
4
Nivole :
Loads of people talk about it being fakes - which could be highly possible but as a HKer, I’d also like to point out Hong Kong doesn’t have the 20% VAT like UK does and the income tax is really low. A month of taxes in the UK could equate a year of taxes in HK. On top of that, loads of people live with family so not paying a TON on rent, personally I think it’s a ‘watches’ instead of ‘lipstick’ economy instead of loads of people buying fakes. The concept of Rolex/expensive watch is quite embedded in the culture that we have Cantonese sayings for it, and it’s kind of quite a popular activity for HKers to fly to Japan to hunt for second hand Rolexes when Yen is cheap..
2026-09-30 18:03:34
34
rusnerrusner :
Everyone in HK has a rolex
2026-09-30 17:25:53
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TiredParent :
Are you now based on Switzerland
2026-10-04 09:02:27
0
Erin CRNA :
Things I never knew existed before following your page: Rontier Black Hole and Veblen goods. Education is good!
2026-09-30 16:20:15
65
reneeontoul :
this explains the gambling boom in Greece following the Greek economic crisis
2026-09-30 21:19:05
33
Floggedhorse :
Jimmy Carr said... Happiness = Current Position - Expectations
2026-09-30 19:07:35
18
GangstaMark :
To be honest, HK has always been about Rolex and flash. Going back decades, this was the Monaco of Asia … that swagger and panache won’t disappear ppl want to look the part it’s in the dna. But I get your perspective.
2026-10-01 00:52:21
6
Stuart Davies :
I worked as a realtor in America. I felt like I was failing as my fellow Realtors were driving Cadillacs wearing Rolex watches and living the dream. then I learnt they lived in a rented flat or mobile home. It was all fake. Perceived image.
2026-10-01 10:50:06
11
KarD818 :
Life becomes a gamble when the game is rigged from the start.
2026-09-30 18:59:20
15
OLF :
HK all Rolexes are $200 usd
2026-10-01 09:41:40
6
chessmortgages.co.uk :
Could it have been a fake watch ?
2026-09-30 17:46:59
10
Simba and Mami :
To be honest I'm only impressed if someone has a house or 2 in HK, well back to the topic, if a Rolex is cheaper than a house and having a rolex gets you more respect and admiration, then isn't that the trade-off that people want.
2026-09-30 20:40:57
6
mils9900 :
I noticed the largest amount of Hermes bags worn outside on the street in HK
2026-09-30 21:28:23
5
boo :
and when everyone dies it none of it will matter..
2026-09-30 17:02:25
5
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