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So what? USA has more empty homes per capita (17 million for 330 million citizens, vs. 60 million in China for over 1.3 billion). If you compare it by density i
by endisneigh 5y ago
So what? USA has more empty homes per capita (17 million for 330 million citizens, vs. 60 million in China for over 1.3 billion). If you compare it by density it looks even worse for the USA.
In any case, it's not really a useful, or meaningful metric anyway.
https://www.abc.net.au/news/2021-09-21/china-property-bust-evergrande/100472190 https://www.abc.net.au/news/2021-09-21/china-property-bust-e...
https://data.census.gov/cedsci/table?t=Vacancy&d=ACS%201-Year%20Estimates%20Detailed%20Tables&tid=ACSDT1Y2019.B25002 https://data.census.gov/cedsci/table?t=Vacancy&d=ACS%201-Yea...
- dfee 5y agoYour math seems suspect. You also appear to have a slant. The result is a reluctance to take your perspective seriously.
- frenchy 5y ago> So what? USA has more empty homes per capita (17 million for 330 million citizens, vs. 60 million in China for over 1.3 billion) I have no horse in this game, but 17/300 = 5.2% and 90/1300 = 6.9%. (edit: wikipedia says population of China is 1.4 billion, which would give 6.4%).
- endisneigh 5y agoyou're using the wrong numbers here. 17/330 = 5.2% 60/1400 = 4.2% the grandparent poster was mistaken (the 90 million represented the amount of people the empty housing could house, not the amount of empty homes itself) so I found real number and included the link.
- frenchy 5y agoOh! That makes a difference.
- sizzle 5y agoYeah but out of that USA total, how many vacant properties are from foreign investors, let alone Chinese investors trying to stash their wealth out of reach of the CCP.