>>48778732the vast majority of houses in china aren't lived in. There are entire cities that are built and stand empty. Because of the communist party the average citizen cannot invest in a super fund or the free market. If they want to make their money last the only method is to buy property. This results in the mass production of properties to be sold and bought by big companies. However the home owners rarely live in these buildings and instead live in rented homes in the non ghost towns. This market being on the edge of collapsing and rendering all these uninhabited houses worthless. They are the building equivelent of an NFT.
