Had a lovely WeChat conversation with my 96 year old revolutionary grandfather a couple days ago and at one point he hit me with the “You should buy property over there to rent out, it’s very lucrative, and you should take the 老外’s money and spend it in China”
I actually had no idea how to respond to this financial advice. Like at face value, the housing market is a bubble and could collapse at any moment, and also I’m not sure how moral being a parasite would be even if you’re leeching off of the benefactors of colonialism and western hegemony.
Home ownership and the exploitation there of is literally the last way to get ahead in this fucked off country. He’s not wrong. You just get the wall.
He has little empathy for the white working class, he considers them racist and reactionary with no class consciousness while benefiting and supporting empire.
Which isn’t entirely incorrect but still, leeching is still leeching.
Grandfather is still correct. He wants you to be successful. And has accurately suggested the lowest rung, cheapest, most sure fire, way to gain actual capital in the capitalist country you live in.