Financiers vs. Public

http://www.capitalvue.com/home/CE-news/inset/@10063/post/1185337 According the above article (link), Beijing home prices plunge 31.4% (May 11) vs. a month ago. Suppose the median household wage in Beijing is USD 12,000 per year. With a healthy house-to-income ratio of 3:1, the average household can purchase a USD 36,000 home. Even after 30% drop, the price per square foot of Beijing home is 16,898/6.8/10.76 = USD 231. That means an average household can afford a home of 155 sq ft in size. Well, much better than before the drop, when they could only afford 109 sq ft home. Looking it differently, if an average home is 1000 sq ft in size, it takes 19.25 years of labor to pay for it (without interests). In the power play game between the financiers (banks and government) vs. the public, the public has lost. Don't measure the affordability of things in terms of money. Instead, measure it as the number of hours of labor for an average person needs to put in to pay for a home. When the financiers are able to create a bubble, and they convince the public to commit more and more of their labor to them. On top of that, they win in another way: by charging interests. Make no mistake, this power play game is global, not just in China. Don't participate in this game, unless you want to be the servant of the financiers for the rest of your life. Action items: 1. Refuse to buy overpriced assets 2. Refuse to buy overpriced assets with debt In the context of Christian living: The financiers' god is Mamon. Jesus said that one cannot serve two masters. He/she either serves God, or Mamon. "No one can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money" - Matthew 6:24.