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this post was submitted on 24 Sep 2023
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Well, as I said, the point is not that the kind of housing providion they're doing in China is great, the point is that it has become shit all over the West (and whilst I mentioned my homeland, Portugal, I also lived in England and it suffered from most of the same problems).
Shockingly even the dehumanised mechanism of housing provision in China might beat the "extremelly insuficient affordable housing provision whilst demand explodes due to realestate being used as investment assets" we seen in many places in the West, mainly because homelessness is even worse that living in a cookie-cutter appartment in a cold oversized appartment building in lifeless suburbia.
They're both problematic, in different ways, but at least the kind of problem they have in China isn't going to kill the country in the mid- and long-term by pushing half the young adults to leave the country as soon as they get a degree and pushing birth rates even lower in a country which already had low birth rates and has one of the most aged populations in the World.