> 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.
In the 60s and 70s European countries were giant construction yards. It gave many people jobs and we still enjoy the infrastructure today!