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china is operating on a longer timescale than commercial real estate developers. on the flip side, there's a housing shortage (symptom: insanely high prices) i
by beachstartup 11y ago
china is operating on a longer timescale than commercial real estate developers.
on the flip side, there's a housing shortage (symptom: insanely high prices) in many US cities. i don't think that's any more or less strange, it's just an artifact of the system that's in place.
in vancouver there's a housing shortage (insanely high prices), combined with a housing glut (in the form of empty units). that's weird too.
- leereeves 11y agoYes, strange was not the right word. What China is doing is like building a whole housing development before selling any, but on a much larger scale. It's the scale that I find striking.