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I suppose that everyone began to realize that it must end sooner or later, especially after Evergrande's collapse. Nobody's going to live in those houses. What

I suppose that everyone began to realize that it must end sooner or later, especially after Evergrande's collapse. Nobody's going to live in those houses. What would you want to reverse for what reason?

dragontamer 3y ago
America is not China. China built a ton of fake houses all around. America in contrast has too few houses, an influx of immigrants (both legal and illegal), and an entire generation of young 20-to-30s year olds who want a house before they start raising a family. The houses are clearly needed here in America. Its not like China's Evergrande fake-house bullshit. When my terrible childhood home in the Ghetto is selling for $500,000, I know that there's some bullshit supply/demand issues right now. Okay, the former Ghetto has been gentrified a bit. But thats still causing some knock-on-effects that are preventing new families from moving in right now... No one likes a declining crime-infested area where everyone's leaving / trying to escape from. But the area has over-boomed now and not enough new houses/dense houses have been built, so there's suddenly a housing shortage after 20 years. Etc. etc. etc. Some areas (Ex: Detroit) have entire neighborhoods of terrible houses that no one wants. But other areas need new houses. The only solution is to consistently build houses as demand comes up. Never pull the fake bullshit that Evergrande did. But similarly, never stop building houses either. There's a balance here.
- Anotheroneagain 3y ago
  The houses aren't fake. They were bought as an investment (it isn't uncommon in China to own several) with no people to live in them. The rest of the world hasn't collapsed yet, but the problem is the same. You can imagine it as Bitcoin: it has no value, but the prices stay high as long as people pour more money in than they pull out.

dragontamer 3y ago

America is not China. China built a ton of fake houses all around. America in contrast has too few houses, an influx of immigrants (both legal and illegal), and an entire generation of young 20-to-30s year olds who want a house before they start raising a family. The houses are clearly needed here in America. Its not like China's Evergrande fake-house bullshit. When my terrible childhood home in the Ghetto is selling for $500,000, I know that there's some bullshit supply/demand issues right now. Okay, the former Ghetto has been gentrified a bit. But thats still causing some knock-on-effects that are preventing new families from moving in right now... No one likes a declining crime-infested area where everyone's leaving / trying to escape from. But the area has over-boomed now and not enough new houses/dense houses have been built, so there's suddenly a housing shortage after 20 years. Etc. etc. etc. Some areas (Ex: Detroit) have entire neighborhoods of terrible houses that no one wants. But other areas need new houses. The only solution is to consistently build houses as demand comes up. Never pull the fake bullshit that Evergrande did. But similarly, never stop building houses either. There's a balance here.

Anotheroneagain 3y ago
The houses aren't fake. They were bought as an investment (it isn't uncommon in China to own several) with no people to live in them. The rest of the world hasn't collapsed yet, but the problem is the same. You can imagine it as Bitcoin: it has no value, but the prices stay high as long as people pour more money in than they pull out.