alt Hacker News> You’d have to be blind to ignore the massive overbuilding of property in China, which they are now demolishing.
Is it all being demolished, or is 95% of it being moved into?
Because all those ghost cities that China was building that the news kept bitching about... Are now all full.
Meanwhile, in the West, we have a housing shortage. Who looks the fool now...
Yep, it's way better to overbuild than underbuild. Lack of houses for young people looking to start families / move in for better jobs has big negative societal impacts that we're only starting to see.