News for hackers. Stuff that matters.
Re:The housing market needs more condos by pydry on Sunday February 13, 2022 @04:10AM (#30320424)
It's not a deliberate policy. There's precious little else to put your money in so the Chinese end up using property as a savings account.

Developers will often skimp on construction quality as a result, since they know that nobody will actually be living in them.

Re:The housing market needs more condos by aaomidi on Monday February 14, 2022 @09:00PM (#30341647)
You seem to have read the western propaganda that has misrepresented the situation: https://en.wikipedia.org/wiki/Under-occupied_developments_in...
Re:The housing market needs more condos by pydry on Tuesday February 15, 2022 @07:11AM (#30345422)
In what way is it a misrepresentation?

Thats just a link to a page on ghost cities.

Re:The housing market needs more condos by aaomidi on Tuesday February 15, 2022 @02:10PM (#30351197)