63
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 29 Jan 2024
63 points (100.0% liked)
news
23568 readers
891 users here now
Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.
Rules:
-- PLEASE KEEP POST TITLES INFORMATIVE --
-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --
-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --
-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --
-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--
-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--
-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --
-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --
founded 4 years ago
MODERATORS
All of the information I have posted came primarily from Wen Tiejun’s video series on the topic (Part 1, 2 and 3). If you can understand Chinese you should check them out yourself, since it is a very educational and informative series. I’ve been meaning to translate all of them but never found the time.
There are more than 800 million property units in the urban area as we speak - that’s more housing than there are people in the entire urbanized population of China, even if we give every single person their own individual housing unit! And that’s not counting the large amount of completed commercial properties in the rural area over the last few years that totaled about 900 million square meters. That’s a huge amount of real estate properties.
And I’m sorry I trust a Chinese Marxist economist who is actually an expert on land reform and land enclosure in China more than any Western sources.
First of all what classifies as a "property unit" ? 800M property units doesnt equal 800M housing units. Offices, stores, garages, hotels. Its anything really. The numbers im seeing are 400 million Housing Units in Urban ereas, less than half of the urban population, with 60 Million Empty/vaccant/mid construction, which lines up both with the vaccancy rates i mentioned and with 800M total property units. How many "housing units" does the proffessor claim there are in urban China and what is the vaccancy rate on them, and what if any chinese survey or source there is on those numbers if he actualy claims them ?
Im trying to use Chinese sources at best i can but nothing seems to agree with anything close to 800 M urban housing units at 30+% Vacancy rates . Survey and Research Center for China Household Finance has total urban vacancy rates plateuing at ~20% of 300+M housing units in 2017. More recent surveys like this point out at decreasing vaccancy rates that now sit more in line with the numbers i mentioned. This includes housing units that are vacant for more than 3 months and excludes unfinished units. The numbers should be 2-3% higher than this but still that puts it comfortably bellow 20% overall as of now.
At worst urban overbuilding doesnt seem to go above 10% of tottal units build compared to most mature economies
I found YouTube links in your comment. Here are links to the same videos on alternative frontends that protect your privacy:
Link 1:
Link 2:
Link 3: