First three rules of real estate: location, location, location. Would you be interested in renting a 400 sf dilapidated teardown shack in western Kansas, no ut

First three rules of real estate: location, location, location. Would you be interested in renting a 400 sf dilapidated teardown shack in western Kansas, no utilities, five hours from the nearest big city, no local jobs, and not near anything of consequence? As young Chinese flock to the large cities, they might have grown up in something similar to the above, but just because they're leaving it behind doesn't take it out of the housing stock. That's perhaps a bit of an oversimplification, but a good number of that double digit percent is abandoning the rural lifestyle held over from the cultural revolution.