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My understanding was the US was not doing this to the extent China was. There construction projects to build ghost cities.
by notyourwork 7y ago
My understanding was the US was not doing this to the extent China was. There construction projects to build ghost cities.
- grey-area 7y agoThe article is about injecting liquidity into markets. The US has done a huge amount of this in the last decade, in fact almost every major power has. Here is the latest US resumption of buying their own debt: https://www.bloomberg.com/news/articles/2019-10-08/powell-says-fed-to-resume-balance-sheet-growth-but-it-s-not-qe https://www.bloomberg.com/news/articles/2019-10-08/powell-sa... This has nothing to do with ghost cities (which can probably be blamed on bad central planning and an overheated property market in China).
- notyourwork 7y agoI read the article. The topic of my comment was artificial market stimulation which can be done in multiple ways.
- BurningFrog 7y agoAs a Californian, I would love if we were mismanaged in a way that produced excess housing!
- iso1210 7y agoIn the Arizona Desert? Plenty of houses in Detroit
- Fjolsvith 7y agoYou might be surprised to learn why there's excess housing. Young men who are courting a lady need two or three houses to have any chance of winning her hand: Why 50 Million Chinese Homes are Empty - https://www.youtube.com/watch?v=f5SE47Xjx2Q&t=2s https://www.youtube.com/watch?v=f5SE47Xjx2Q&t=2s
- lonelappde 7y agoThat's a gross misrepresentation. China has a female shortage, so some males will not get mates, regardless of how much housing is built. The extra houses aren't convincing women to turn from lesbian/asexual to heterosexual.
- Buge 7y agoI don't really understand your comment. A female shortage is compatible with men buying many houses to attract women. Men wouldn't be trying to turn lesbian women heterosexual with houses. Men would be trying to attract women away from other men with houses. The men would be fighting each other.
- jdhn 7y agoIf you love mismanagement that produces excess housing, you should move to Detroit.
- unlinked_dll 7y agoWould be great to mismanage some cities West of Lake Michigan. That lake effect snow is no joke!
- BurningFrog 7y agoYou misunderstand. I love California, and would like housing there.