A fifth of China’s urban housing supply lies empty, equivalent to 50 million homes

South China Morning Post ^ | 12/31/2018

[SeekAndFind]

See also here:

https://www.inkstonenews.com/business/inkstone-index-empty-homes/article/2180107

INKSTONE INDEX: CHINA’s EMPTY HOMES

[bert]

If you build them, they will come

and, the truth is, they have come

[FreedomPoster]

A great example why command economies fail. A terrible misallocation of resources.

[easternsky]

Maybe they should take in some of the Homeless population or illegals, will fill up fast.

[goldstategop]

You’d think with a billion people, China would be facing a housing shortage? Nah...

[Grampa Dave]

This can’t be correct.

We keep hearing how the ChiComs out plan us in every way.

Supposedly, they have planned their housing decades beyond us.

[SeekAndFind]

RE: You’d think with a billion people,

Make that 1.4 Billion.

[goldstategop]

Actually, its mostly a free market economy. What we have here is a case where supply outstripped demand.

In this market, no one wants to sell.

[Twotone]

Great. Let’s send them some of our homeless!

[goldstategop]

The old saying is build it and they will come. Not in China.

[scottteng]

Maybe we should cut a deal with China to send them the “refugees” invading the US

[SeekAndFind]

They clearly overbuilt.

SEE HERE:

https://www.businessinsider.com/these-chinese-cities-are-ghost-towns-2017-4

12 eerie photos of enormous Chinese cities completely empty of people

[null and void]

Send them allah the refugees!!!!

[Secret Agent Man]

Those places are very shoddily built and have structural problems and cracks within a couple years of being built.

[SaveFerris]

yes

[DIRTYSECRET]

Wait until the SF-Oakland bay bridge starts cracking. It already has.

[Rebelbase]

Those empty cities look like replacements for ones that will get nuked.

[roadcat]

Too bad they didn't concentrate on building trailer homes. If China did that, then they could send them to us on container cargo ships and house our homeless in coastal cities.

Better yet, we load them up with homeless people and return the cargo ships to China fully loaded. Empty Chinese home problem solved.

[gunsequalfreedom]

A great example why command economies fail. A terrible misallocation of resources.

It would have been so much better to simply provide welfare checks and let all those workers sit home on the couch. Imagine that, having to work to earn your pay under a government program.