this post was submitted on 24 Sep 2023
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20% of urban households in China own multiple homes, compared to 13% in the US and 10% in the UK. China suffers from having too much property in some areas where lots of it sit empty and not enough in others where people lack basic housing.
The “ghost cities” myth comes from the fact that China plans with a 15-20 year horizon and people in the west have forgotten what forward planning and a healthy economy looks like.
These ghost cities are mostly thriving now and even back in 2015 the myth was being called out as bullshit and myopic, more a symptom of the failure to plan in the west.
I mean, just look at the housing crisis almost all the west is experiencing right now before you chuckle in a self comforting way about ghost cities.
It’s called “planning” mother fucker and the west should have done it too.
I took this almost word for word from a paper (albeit the introduction). I wasn’t just posting something I heard 20 years ago.
If you took my comment to be anything more than just a kind of statement question hybrid then that’s my bad, but I don’t feel there is need for anything more than a correction.