A Fifth of China’s Homes Are Empty (2018)

#1

Post by paulpauper » Fri, Jan 18, 2019, 12:09 AM UTC

A Fifth of China’s Homes Are Empty (2018)
bloomberg.com

Re: A Fifth of China’s Homes Are Empty (2018)

#2

Post by politician » Fri, Jan 18, 2019, 12:25 AM UTC

I guess what's surprising to me here is that in a nation of 1.5B people, they only have 250M homes.

Re: A Fifth of China’s Homes Are Empty (2018)

#3

Post by joe_the_user » Fri, Jan 18, 2019, 12:29 AM UTC

politician wrote: post #2

I guess what's surprising to me here is that in a nation of 1.5B people, they only have 250M homes.

That surprised me also but that is 6 people per home. Considering the institution of the extended family is probably not completely dead, that doesn't seem altogether implausible.

Edit: Given this - it seems like China might be able to more easily absorb this many apartments being put on the market. One could imagine a lot of people entering a modern world where they wouldn't live with their parents (or child).

Re: A Fifth of China’s Homes Are Empty (2018)

#4

Post by allannienhuis » Fri, Jan 18, 2019, 12:31 AM UTC

politician wrote: post #2

I guess what's surprising to me here is that in a nation of 1.5B people, they only have 250M homes.

the numbers were for urban homes I believe. China has a LOT of rural or small-town inhabitants. Not sure what the breakdown is these days though.

Re: A Fifth of China’s Homes Are Empty (2018)

#5

Post by [deleted] » Fri, Jan 18, 2019, 12:38 AM UTC

joe_the_user wrote: post #3

politician wrote: post #2

I guess what's surprising to me here is that in a nation of 1.5B people, they only have 250M homes.

That surprised me also but that is 6 people per home. Considering the institution of the extended family is probably not completely dead, that doesn't seem altogether implausible. Edit: Given this - it seems like China might be able to more easily absorb this many apartments being put on the market. One could imagine a lot of people entering a modern world where they wouldn't live with their parents (or child).

[deleted]

Re: A Fifth of China’s Homes Are Empty (2018)

#6

Post by jerkstate » Fri, Jan 18, 2019, 12:39 AM UTC

sounds like they need to accept more refugees

Re: A Fifth of China’s Homes Are Empty (2018)

#7

Post by czardoz » Fri, Jan 18, 2019, 12:39 AM UTC

politician wrote: post #2

I guess what's surprising to me here is that in a nation of 1.5B people, they only have 250M homes.

That's just the _urban_ homes.

Re: A Fifth of China’s Homes Are Empty (2018)

#8

Post by politician » Fri, Jan 18, 2019, 12:42 AM UTC

czardoz wrote: post #7

politician wrote: post #2

I guess what's surprising to me here is that in a nation of 1.5B people, they only have 250M homes.

That's just the _urban_ homes.

What percentage of the population is urban these days?

Re: A Fifth of China’s Homes Are Empty (2018)

#9

Post by madengr » Fri, Jan 18, 2019, 12:42 AM UTC

Were these homes bought with cash or loans?

People don’t have to sell if they own it, but if they can’t make the payments, that would be like the 2008 USA financial crisis.

Re: A Fifth of China’s Homes Are Empty (2018)

#10

Post by hyperpallium » Fri, Jan 18, 2019, 12:42 AM UTC

joe_the_user wrote: post #3

politician wrote: post #2

I guess what's surprising to me here is that in a nation of 1.5B people, they only have 250M homes.

That surprised me also but that is 6 people per home. Considering the institution of the extended family is probably not completely dead, that doesn't seem altogether implausible. Edit: Given this - it seems like China might be able to more easily absorb this many apartments being put on the market. One could imagine a lot of people entering a modern world where they wouldn't live with their parents (or child).

One child policy since 1979 https://wikipedia.org/wiki/One-child_policy