this post was submitted on 08 Nov 2024
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Didn't China just had a huge crisis in the property market?
It seems they overbuilt on purpose, which seems like a great idea if you care more about shelter for the population than the financial wellbeing of the speculators.
Is there any data on homelessness in China? There's entire cities built and standing empty so I suppose there could potentially be zero homeless people, but if they were built by capitalists than I suppose it wouldn't be surprising if it followed the same pattern as in the west, with empty homes for people can't afford?