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

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.