ELI5 about the Chinese real estate market in general? This is how they got to where they are today:

• Investing in China sucks. The stock market is extremely volatile and there seem to be a lot of shady activities, banks get bank runs so you couldn’t even put too much money in banks, etc
• In contrast, real estate is heavily subsidized by China’s state capitalistic approach, so it became a really “stable” investment… because government subsidized it
• Because of this, everyone buys or want to buy real estate in China. In fact, people are willing to buy places that would almost never be lived in, because of possibility of appreciation… so we’re approaching NFT-level bullshit here
• Additional point: because of the above point, Chinese investors would buy real estate even when abroad & the RE market is not nearly as favorable. Obviously this causes some frictions… like a good chunk of Canadian citizen blaming Chinese ppl on raising home prices
• Chinese economy is now facing hardship, so the real estate bubble is finally showing signs of leakage in the past few years

I am not an economist and cannot offer insight as to whether this would turn into an 2008 moment… Nevertheless, I am aware that Soho is an extremely well-known developer, and that the Chinese economy is to a large extent built on top of real estate. And despite how much I dislike China, it is one of the world’s largest economies, and large economies don’t just go belly-up without inflicting heavy damage on the whole world… So this is not good news by any means.

For god’s sake temperatures above 40 Celsius are dangerous and claims like this will literally kill some people… But again, after everything happening in the last 3-4 years it’s hard to imagine conservatives putting other folks’ health and safety as a priority

I wouldn’t be surprised if someone does. I mean banks also just shuffle money around and guess who has a bunch of cash lying on hand so… Goes back to the gold rush era, but there are folks who mine the gold and folks who mine the miners

Also some tech companies can be at a loss for years but run on VC money

So… I don’t know, but again I wouldn’t be surprised if they are making something to keep this nonsense going

Ah… so you’re specifically mentioning about the news article in question?

If you repay the loan, [your NFT token] comes back home. If not, [the token] gets a new owner. Simple as that!

I guess this explains everything… Probably just ppl hustling each other lol. And I assume given what types of shady characters are into NFTs, there are probably a lot of them who want to hustle another person out of some cash

mailbox.org and skiff are „too expensive“ with 3€/month.

Ah… I do use mailbox.org and I’ve self-hosted with docker-mailserver before.

I agree, selfhosting mail is a really big pain, and at least where I live most ISPs don’t open the ports necessary for mailservers, so I had to spin up my own server & it was more expensive than just using a mail provider. Could potentially be the cheapest option if I could host it from home & just use a RasPi or something

I’m happy with mailbox.org; the Standard Tier price is 2.50 Euro/mo if paid in full if that helps. Probably not the cheapest option especially since it’s not unlimited, but they do allow domain matches at Standard tier or above, and there are other goodies like calendar/video conferencing/cloud storage & stuff.

(insert astronaut meme) never has been

Jokes aside… This is my personal philosophy & probably won’t align with everyone’s. As someone who started science quite young, I realized quite early that beyond societal issues, literally nothing is “meaningful”… If Earth itself will be gone in a few billion years, might as well practice some optimistic nihilism and do some stuff with whatever life I have. There’s still stuff to do even if society doesn’t prioritize ppl like me

I stand my opinion on this… Some people are defederating Meta because they are anti-capitalist; these are the same admins who defederated mastodon.cloud as well as instances from Medium/Mozilla/etc on moment’s notice, so I think they will certainly defederate from Tumblr. Most people would probably want to at least wait & see since Tumblr isn’t as nefarious as Meta is