😂 laowhy86: China Just Built 1 Billion Empty Houses for Nobody - This is Insanely Bad [I was repeatedly called a liar when I reported it 6yrs ago]

[SaadH]

Maybe things were built at a cost less than that

Let's say 1/4th the cost at $25K that's still $25 trn. Even at $10K per house which is impossibly cheap, that's still $10 trn, an astronomical figure in it's own right.

For comparison US has 15 million empty houses which is still a huge number. I'd reckon the figure is more like 50 million for China, which is quite reasonable for their populations and size.

 

[nahtanbob]

Let's say 1/4th the cost at $25K that's still $25 trn. Even at $10K per house which is impossibly cheap, that's still $10 trn, an astronomical figure in it's own right.

For comparison US has 15 million empty houses which is still a huge number. I'd reckon the figure is more like 50 million for China, which is quite reasonable for their populations and size.

The American surplus stock was probably built over a much longer time

 

[Stranagor]

He is just a cheap propagandist.

Zeihan is a better propangandist.

You would like CCP's propagandists more.

 

[pikkuboss]

Chinese developer SCE Group seeks offshore debt restructuring after default

HONG KONG: China SCE Group said on Wednesday (Oct 4) a non-payment on a syndicated loan has triggered a default under its dollar bonds and it would explore a holistic solution to all its debt. The Xiamen-based company is the latest to join a long list of Chinese property developers who have...

www.channelnewsasia.com