this post was submitted on 15 Jul 2026
520 points (95.0% liked)
Mildly Interesting
27214 readers
1319 users here now
This is for strictly mildly interesting material. If it's too interesting, it doesn't belong. If it's not interesting, it doesn't belong.
This is obviously an objective criteria, so the mods are always right. Or maybe mildly right? Ahh.. what do we know?
Just post some stuff and don't spam.
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
From the chats I had with folks in China they said these massive developments got promoted to people as investments. So people put their savings into them thinking they'd pay off. Turned out these new units were far too expensive for the vast majority of Chinese people to afford so they remained empty. It is going to be a mess. I wouldn't be surprised if the gov just stepped in and seized the properties and rented/sold them out at lower prices just to prevent a collapse and put them to use.