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Sample Room by Chen Jiagang

Sample Room by Chen Jiagang

Editions Bessard 2013
Hardback 1st edition

£70.00 In stock

Looks Pretty Games of Survival in Chinese Model Homes Looking across history, changing societies pass through three phases. The first phase is an accumulative phase, where society plants a gourd and gets a gourd, plants a bean and gets a bean. The second phase is a transfer-of-wealth period where gourds and beans are planted but plundered by others. The third phase is a mature wealth phase where gourds and beans are planted and reaped in bounty. Chinese real estate is currently in the second phase mentioned above, which is the most problematic phase. In this period, survival and safety are the paramount concerns. A lot of the commodity properties in China reek of corruption. That is to say, there is no other industry in China so closely connected to politics, economics, social welfare and the media. All of the problems throughout its process, from the demolition of homes to urban planning, to development and construction and on to the sale of buildings and property management, are all massive problems. It could be said that real estate makes for the biggest politics in China. In seeking out the order behind the real estate development industry, we have found that it is very difficult to describe the real game of real estate development according to any kind of economic, legal or social order. But upon researching the order of pyramid and ponzi schemes, we finally found something that can describe the order of the real estate development industry: pyramid and ponzi schemes. There are several traits of the pyramid scheme: the deification of wealth; the emphasis on insecurity about the future; and thirdly, disregard for any repercussions of actions taken to accumulate wealth - those repercussions are handed down to the next level in the pyramid. Now let us make a comparison with the real estate industry. We will consider land first. The method of one-time compensation for demolishing a home amounts to plundering that resident's conditions for existence. Though the developer has given him money, he has not provided a new means of subsistence. Once that compensation money has been spent, how will he survive? Meanwhile, the practice of land auctions is the main source of income for local governments and is also the main driver of rising home prices. The money is in hand, so who cares if the housing prices are skyrocketing? Does that not sound like a pyramid scheme? Now let's look at the approvals process for development plans. The government calls meetings all the time calling for stricter management of the real estate industry, adding a few more seals of approval required for each development plan. Those new seals of approval amount to nothing more than new rent-seeking opportunities. Money is collected, plans are stamped and signed. Who cares if the plan will harm the environment? Lastly, let's look at home sales. No matter what, every real estate development project has a spectacular model home to show off. The model home is always quite alluring, but behind that allure is the violence of the evictions and demolitions, and the money collected from the sale of the land. The people being tempted are those who have no homes and no security. It brings skyrocketing prices and the growing bubble: whitewashing, derivation, desire, rent-seeking, all of these conspiracies and love affairs. This is the game of life for the real estate developers' model homes

Numbered edition of 500 copies. A beautiful hardback presentation within a slipcase

See more books by: Chen Jiagang

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