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There is an idea floating around the econosphere that China helped build all this housing while raw materials were cheap. You will note as well that China also

There is an idea floating around the econosphere that China helped build all this housing while raw materials were cheap. You will note as well that China also ended their one child policy in 2016. So it is possible that they were building houses for a population they knew they would need to house in the future. Not every country is a as stupid as the united states.

azemetre 5y ago
Isn't it kind of dangerous to make these types of plans regarding humans well into the future? We're talking two to three decades of potential leeway time until a new generation from birth to workforce will occupy these homes. A lot can change in 30 years. 30 years ago China was an extremely poor country, 30 years from now it can easily go the way of Japan with births crawling to a near halt. It's one thing to plan infrastructure (building railways, ports, and energy), but another to hopefully assume the human element will be consistent. It reminds me of the of when Romania in the late 1970s banned abortion and contraceptives [1]. [1] https://en.wikipedia.org/wiki/Decree_770 https://en.wikipedia.org/wiki/Decree_770
- pphysch 5y ago
  It is also dangerous to not make these sort of plans for the future.
  - azemetre 5y ago
    That's fair, but should the lead time for housing projects be several decades? I'd think it'd be easier to zone the potential land first and worry about building when you can anticipate demand.
georgeecollins 5y ago
This is so weird, I wasn't saying Chinese government was stupid. All I said was that prices may go down. I don't know how you could look at their economic progress in the last thirty years and not think they are doing something right. And if you think the US is stupid, well I hope you don't live there.