Wrong country bud
Well yes but no
I mean, this is literally a very China specific housing problem, and it is not related to the main article, which is about people vacating offices to work remote.
Can you name a source that isn’t some boomer propaganda?
This is like comparing a burrito to a cheesecake. They might both include flower and cheese, but they are very different things. Just because these stories both involve real estate and lending doesn’t mean they’re related.
China’s problem is a big mess with developers over borrowing in the past, and not and being able to borrow now. The problem in your main article is mainly about commercial buildings like offices, which people no longer want to lease, because so many people are working remote.
This vacant office problem has less to do with greed and more to do with white collar humans deciding to instantly, and radically, change where they go to work.
Oversupply in real estate causing banking debts to go underwater is the same problem, regardless of how that oversupply happened.
The nuance is important because who or what we blame will guide our solutions to the problem and what we do to mitigate the risk of it happening again.
The burrito and the cheesecake are both food, but if you start eating a cheesecake a couple times a week for lunch, you’re going to have problems. Nuance is important.
