My uninformed understanding is you pay for a house then they build it and construction companies/banks are defaulting so houses aren't being built despite being "owned"?
this is a fake thing made up by western economists who predict china's collapse every day for the last 2 decades. First it was ghost cities made up of empty housing, now the story is not enough housing and a bunch of ghost owners without houses? Seriously think about it for one second, if this 'crisis' has been ongoing for a decade yet China still is growing faster than the west is it really a 'crisis' and does it make any sense that they have too many yet not enough homes?
My uninformed understanding is you pay for a house then they build it and construction companies/banks are defaulting so houses aren't being built despite being "owned"?
No idea at what rate that's happening.
are you getting your info from serpentza thumbnails? Banks aren't defaulting left and right in China
https://en.m.wikipedia.org/wiki/2020%E2%80%932023_Chinese_property_sector_crisis
Didn't say they were. A few have. Hopefully they aren't indicators of a larger problem
this is a fake thing made up by western economists who predict china's collapse every day for the last 2 decades. First it was ghost cities made up of empty housing, now the story is not enough housing and a bunch of ghost owners without houses? Seriously think about it for one second, if this 'crisis' has been ongoing for a decade yet China still is growing faster than the west is it really a 'crisis' and does it make any sense that they have too many yet not enough homes?