As long as these empty buildings don't fall down from neglect, and the money couldn't have been spent more wisely (i.e. these will serve a valuable service some

As long as these empty buildings don't fall down from neglect, and the money couldn't have been spent more wisely (i.e. these will serve a valuable service some time soon), then I don't see this as a big deal. But more than likely, the glut of resources devoted to housing means neglect in some other place of the economy. The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design -F.A. Hayek, The Fatal Conceit