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    4 days ago

    Didn’t China just had a huge crisis in the property market?

    • Cowbee [he/him]@lemmy.ml
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      4 days ago

      Property speculation crashed. It wasn’t a homelessness crisis, but an intentional popping of a speculative bubble because Capitalists got greedy and homes were too expensive.

    • interdimensionalmeme@lemmy.ml
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      4 days ago

      It seems they overbuilt on purpose, which seems like a great idea if you care more about shelter for the population than the financial wellbeing of the speculators.