schizoidman@lemmy.ml to World News@lemmy.mlEnglish · 8 months agoChina's housing minister says real estate developers must go bankrupt if necessarywww.cnbc.comexternal-linkmessage-square15fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkChina's housing minister says real estate developers must go bankrupt if necessarywww.cnbc.comschizoidman@lemmy.ml to World News@lemmy.mlEnglish · 8 months agomessage-square15fedilink
minus-squarerealharo@lemm.eelinkfedilinkarrow-up0·8 months agoWhat about all those unfinished buildings that people got in debt to buy?
minus-squareRestrictedAccount@lemmy.worldlinkfedilinkarrow-up0·edit-28 months agoThey are not needed. There is no one to live in them. They have over a billion excess homes. It was the only thing that normal people could invest in so they just kept building. If you bought one as an investment, nobody is going to buy them from you. They are worthless.
minus-squaregandalf_der_12te@feddit.delinkfedilinkarrow-up0·8 months ago They have over a billion excess homes. Which is good, because it keeps costs of living down, amiright?
What about all those unfinished buildings that people got in debt to buy?
They are not needed. There is no one to live in them.
They have over a billion excess homes. It was the only thing that normal people could invest in so they just kept building.
If you bought one as an investment, nobody is going to buy them from you. They are worthless.
Which is good, because it keeps costs of living down, amiright?