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😂 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]

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.
 
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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
 
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