3 HN users recommended this explainer3 months2018–2022score 3
Years with an HN recommendation, 2007–2026
Recommended as a clear, compact explainer on China's empty homes, ghost cities and property troubles.
PolyMatter explains China's housing bubble and why around 50 million homes sit empty. It covers cultural and economic reasons behind the overbuilding and the government's bind.
“it explains clearly (for a complex situation) what's been going on in China's real estate, the 'ghost cities' and the demolitions.” (HN, 2022)
You might be surprised to learn why there's excess housing. Young men who are courting a lady need two or three houses to have any chance of winning her hand: Why 50 Million Chinese Homes are Empty - [this video]
Explains cultural reasons behind excess Chinese housing.
I was befuddled by what's been going on there. So earlier today I watched this [0], it explains clearly (for a complex situation) what's been going on in China's real estate, the 'ghost cities' and the demolitions. Below that,[1] a recent look at a 'ghost city' by two western bikers. [0] [this video] [1] [link]
Clear explanation of China's property situation and ghost cities.
China builds useless buildings/cities because it raises the GDP and because it's often the only viable way to raise funds for local governments. The Chinese people invest in useless buildings because it is often the only viable way to invest your savings. Some of the useless buildings built for buildings sake will potentially be filled as people move from rural areas, but a lot won't. [this video]
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