That doesn’t actually mean there are 65 million surplus properties. A vacant house isn’t an unnecessary house. Children move out all the time, families sometimes break up, Chinese citizens currently living overseas or in Europe return home, etc.
I bet there’s actually math for this - I wonder if anyone has calculated the optimal amount of vacancies?
China isn’t really limited by construction resources. There’s a heavier constraint in terms of hospital staff and teachers than there is on construction resources.
Sometimes, you misspeculate. Some developers lost a whole fuck ton of money on the project, but that’s more than made up for if you can turn a profit on projects near big cities (which demand is still sky high for).
deleted by creator
That doesn’t actually mean there are 65 million surplus properties. A vacant house isn’t an unnecessary house. Children move out all the time, families sometimes break up, Chinese citizens currently living overseas or in Europe return home, etc.
I bet there’s actually math for this - I wonder if anyone has calculated the optimal amount of vacancies?
deleted by creator
Is anyone? If I have to choose between “housing shortage” and “housing surplus” I know which society I would prefer.
deleted by creator
They’re also building hospitals and schools so…
China isn’t really limited by construction resources. There’s a heavier constraint in terms of hospital staff and teachers than there is on construction resources.
deleted by creator
Sometimes, you misspeculate. Some developers lost a whole fuck ton of money on the project, but that’s more than made up for if you can turn a profit on projects near big cities (which demand is still sky high for).