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China flag孙懿洁 Yijie
Reflection on Why Britons' house names reflect their class anxieties Today, I got my news consumption from The Economist. This article is about house names and class anxieties. It's not going to happen in China since only the upper-class can afford houses. Especially in Beijing, the city I live, own a house means you are super-rich. The average price of a 2500 Square Foot house in this city is about 20 million yuan (2.9 million dollar). And the average income in Beijing is 68 thousand per year per person. Twenty million yuan means a two-career family's total revenue for 150 years. The average-income family in Beijing wouldn't consider buying a house, or even an apartment, if there's parents cannot offer any financial support. But class anxieties also exist in China. Chinese netizen coined the term invisible poor, which refer to the well-educated employees in first-tier cities with decent income but no saving. The young generation purchase the latest luxuries and the cutting-edge house devices in the rental. Meanwhile, their parents' generation, the Post 60s generation, were famously frugal. Some economists claim that one of the reasons for this phenomenon is that the post-60s generation pour all their money in real-estates. Still, young people try to release the class anxieties by luxuries since the house price is too high to afford.

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Reflection on why British house names reflect their class anxieties

Today, I read The Economist. This article is about house names and class anxieties. It's not going to happen in China, since only the upper-class can afford houses. Especially in Beijing, the city that I live in, owning a house means that you are super-rich. The average price of a 2500 Square Foot house in this city is about 20 million yuan (2.9 million dollar). And the average income in Beijing is 68 thousand per year per person. Twenty million yuan means a two-career family's total revenue for 150 years, with both individuals of a couple working. The average-income family in Beijing wouldn't consider buying a house, or even an apartment - that is, if their parents cannot offer any financial support.
But class anxieties do exist in China. Chinese netizend coined the term 'invisible poor', which refers to the well-educated employees in first-tier cities with a decent income but no savings. The younger generation purchases the latest luxuries and the cutting-edge home devices for the rental. Meanwhile, their parents' generation, the Post 60s generation, were famously frugal. Some economists claim that one of the reasons for this phenomenon is that the post-60s generation poured all their money into real-estate. Still, young people try to relieve the class anxiety by purchasing luxuries since the houses are not affordable.
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https://www.economist.com/britain/2020/03/12/why-britons-house-names-reflect-their-class-anxieties Here is the link of the article I mentioned!
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这个文章说什么? 听起来很有意思。 Actually, in a lot of areas of England houses are also unaffordable, its just that people inherit a house from their parents -who bought when prices were lower - then sell that house to have enough money to buy their own!

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