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[+] -11 points 3 years ago (3 children)

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.

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  • [–] 21 points 3 years ago (2 children)

    are you getting your info from serpentza thumbnails? Banks aren't defaulting left and right in China

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  • [+] -9 points 3 years ago (1 child)

    https://en.m.wikipedia.org/wiki/2020%E2%80%932023_Chinese_property_sector_crisis

    Didn't say they were. A few have. Hopefully they aren't indicators of a larger problem

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  • [–] 25 points 3 years ago* (last edited 3 years 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?

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