Hypatia
trying to be a very good ENTP
- Joined
- Dec 1, 2011
- Messages
- 615
An uninhabited apartment bloc in one of China’s myriad “ghost cities.”
China’s real estate bubble is on the verge of bursting with current supply far exceeding the average denizen’s ability to pay. (Homes cost on average 40-50 times the annual salary of a citizen. Let’s say that someone in China makes $45,000 a year— it would cost them at least $1,800,000 to buy a residence.) Homes are simply too expensive for people to afford, and the country is falling short of its population planning goals on a widespread scale. How can the government help to make housing more affordable for its citizens?
