• Aabbcc
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    1 year ago

    My uninformed understanding is you pay for a house then they build it and construction companies/banks are defaulting so houses aren’t being built despite being “owned”?

    No idea at what rate that’s happening.

        • ProxyTheAwesome [comrade/them]@hexbear.net
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          1 year ago

          this is a fake thing made up by western economists who predict china’s collapse every day for the last 2 decades. First it was ghost cities made up of empty housing, now the story is not enough housing and a bunch of ghost owners without houses? Seriously think about it for one second, if this ‘crisis’ has been ongoing for a decade yet China still is growing faster than the west is it really a ‘crisis’ and does it make any sense that they have too many yet not enough homes?