The world’s biggest ever publics works project is happening right now in China. It is estimated that there are 50 million empty homes in China right now which would make it the largest by far. In fact, you can give a home to every single person in California and still have 10 million empty homes! This has gone beyond emergency measures and now it is simple state control. A great excuse to completely control anything and everything. The severity of the housing crisis continues to worsen, regardless of what they will admit.
Do you think it’s ok to have 50 million homes empty as long as the government supports it?
A Fifth of China’s Housing Is Empty. That’s 50 Million Homes – Bloomberg
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The Great Housing Boom of China
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Chinese Cities Buy Off Housing Glut With Borrowed Money
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China Banks Drop After Regulator Sets Targets for Private Loans
Company in China pays its bond holders in ham instead of cash, Companies & Markets News & Top Stories – The Straits Times