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I don't know, it may be good for the economy, at least it's better than ghost cities https://en.wikipedia.org/wiki/Underoccupied_developments_in_China https://

• presentation 1y ago
  Don’t need to do what China did, can use other countries with adequate housing as a different model, like where I live, Tokyo. Ample housing construction driven by the market not by central planning, paired with large amounts of fast public transportation to increase the amount of livable area near the city center; loose zoning requirements; simple and easily understood checklists evaluated by a fast and efficient civil service bureaucracy for permitting with minimal involvement of the courts (the opposite of the USA); convenient and self sustaining neighborhoods. You can still get small apartments within 15 mins of public transit commute distance to central Tokyo in nice neighborhoods for less than $400/mo; there’s a foreign speculation problem in the most central areas (likely to be clamped down soon) but by and large it’s affordable to live here.