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China has a massive housing surplus - and while the article frames an entirely negative narrative with selective use of terms like 'overbuilt' and 'under-used' hard to read it with anything but jealousy.

Conspicuously absent are any references to homelessness rates.

https://www.abc.net.au/news/2025-01-07/china-property-crash-a-warning-for-australian-housing-market/104788660

#china #auspol #homelessness

China's property crash a warning for Australia's housing market

China's property crash is bad news for Australia's economy, and there's even a risk it could precipitate our own housing crisis.
Michael Janda (ABC News)
#auspol #china #homelessness
Hugs4friends ♾🇺🇦 🇵🇸😷
It bothers me that builders and developers are folding right, left, and centre; that there is a dearth of affordable housing; a dearth of building materials; millions of empty units, apartments, and houses...and this jerk is saying Australia needs to slow down and protect property prices. How many investment properties does he own?
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