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In places those homes don't exist(https://www.reuters.com/world/china/unfinished-evergrande-apartments-central-china-buyers-seek-answers-2021-09-17/ https://www
by throwawaymaths 3y ago
In places those homes don't exist(https://www.reuters.com/world/china/unfinished-evergrande-apartments-central-china-buyers-seek-answers-2021-09-17/ https://www.reuters.com/world/china/unfinished-evergrande-ap...), or are of shoddy construction. Some have been torn down (https://www.cnn.com/2022/01/04/investing/evergrande-stock-gain-resume-trading-intl-hnk/index.html https://www.cnn.com/2022/01/04/investing/evergrande-stock-ga...).
For many of those owners the house is not intended to be lived in but rather an investment vehicle. Somewhere i read that a majority of home owning families (sometimes extended families) in China have more than one home -- don't know if that's true.