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HKim0072
China Observer
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Comments by "HKim0072" (@HKim0072) on "Shocking! China’s Unfinished Homes Are 20 Times the Unsold Ones, Totaling 50 Million Derelict Units" video.
It's simple basics: supply and demand. Instead of creating new supply, the government should buy comparable housing stock off the market and transfer it to homebuyers that are waiting for delivery. Pros: would help support price by limiting supply, residents get a home and money isn't getting thrown after bad projects Cons: money is getting sucked away / transferred to homeowners and doesn't help GDP with more construction
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