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China's 1.4 billion population isn't enough to fill the country's empty homes, former official says
(www.businessinsider.com)
this post was submitted on 24 Sep 2023
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Is anyone? If I have to choose between "housing shortage" and "housing surplus" I know which society I would prefer.
Sure. The point I was trying to make is that society might be better served by allocating resources to building hospitals or schools or something the community needs instead of housing that the community does not necessarily need because there is already a surplus of housing.
China isn't really limited by construction resources. There's a heavier constraint in terms of hospital staff and teachers than there is on construction resources.
Maybe they aren't running out of concrete and steel, but they are taking out loans for these construction projects.
They're also building hospitals and schools so...