A Fifth of China’s Homes Are Empty (2018)
To put things into context.<p>1. These are Urban Homes.<p>2. There are roughly 20M people jumping to new cities and Urban areas every year. For years China has keep a roughly two years buffer zone, I think the rate of new housing is the same and rate of people going into Urban has declined, so a slight increase in terms of buffer ( closer to three years now ).<p>3. Most of the "Ghost Cities" do get fill up quickly, once the policy are in place for their turn.<p>These so called Home vacancies and ticking time bomb has been cycling through media every year. And it isn't happening ( yet ). There are 500M+ still living in rural areas ( Yes I know the number is a little hard to believe ) At least another 300M to go from rural areas to Urban, with 200M likely not going to get their turn as they age.<p>So from that perspective ( As much as I hate to admit it ) China really is still a <i>developing</i> country.