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submitted 7 months ago by schizoidman@lemmy.ml to c/worldnews@lemmy.ml

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[–] realharo@lemm.ee 0 points 7 months ago (1 children)

What about all those unfinished buildings that people got in debt to buy?

[–] RestrictedAccount@lemmy.world 0 points 7 months ago* (last edited 7 months ago) (1 children)

They are not needed. There is no one to live in them.

They have over a billion excess homes. It was the only thing that normal people could invest in so they just kept building.

If you bought one as an investment, nobody is going to buy them from you. They are worthless.

[–] gandalf_der_12te@feddit.de 0 points 7 months ago

They have over a billion excess homes.

Which is good, because it keeps costs of living down, amiright?