4 ms·
> vacant home problem > If each vacant home is occupied by a household of 2.76 [2], there are about 510 million vacant homes in China. Considering the literal
by Figs 2y ago
> vacant home problem
> If each vacant home is occupied by a household of 2.76 [2], there are about 510 million vacant homes in China.
Considering the literal rows of tents that pop up outside my apartment because so many people can't afford the fucking astronomically high rents here in America anymore, that sounds like a FANTASTIC "problem" to have!
- srackey 2y agoIt doesn’t fix anything. Rents in major cities like Shanghai or Shenzhen are proportionally pricier than even the priciest American metros. All these ghost houses are in places no one wants to live. On the same note, rent is pretty damn cheap in Toledo, Ohio.
- maxglute 2y ago>All these ghost houses are in places no one wants to live Most of vacant units / under occupied development areas are where people fine with living, even speculative RE purchases has to factor in location to maximize returns. Hence empty units largely located just outside of ring roads of "city" where many people live, but rent between "decent" area and "prime" urban area is huge = many owners speculating on equity growth don't even bother to rent since ROI of rentals in these areas are very bad.