A former Chinese official's dramatic comments are a rare critique of the country's struggling housing market, which has been in crisis since 2021.
    • zephyreks@programming.dev
      41·
      9 months ago

      Sometimes, you misspeculate. Some developers lost a whole fuck ton of money on the project, but that’s more than made up for if you can turn a profit on projects near big cities (which demand is still sky high for).

    • queermunist she/her
      811·
      9 months ago

      I still find it hard to believe that they are making the best use of labor and materials

      Is anyone? If I have to choose between “housing shortage” and “housing surplus” I know which society I would prefer.