falkerie71

Lol

You’re the one who made the argument. The responsibility lies on you.

Edit: and are you, who haven’t posted a single link here yet, really telling me, who did provide news articles, to do my own research? How ironic.

Sure. Please find me articles about places that have incidents happening in a large scale like this right now then. Or do big companies like Evergrande just default occasionally all over the world in your books?

Flooding the market with unfinished buildings? Are you on crack or something? You have to actually finish it to call it “housing”. And again, those property were built to be sold, and they weren’t going to undersell them. Leaving both the buyer and the constructor with no money is not called a “sound strategy”.

Imagine being literally scammed into pouring your life savings into a property that is unfinished without electricity nor water, and then thinking “at least I have something so I shouldn’t complain”? Those people actually had something before, now they’re left with less than nothing.

Am I talking to a brick wall or what?

They’re not building apartments to give out to homeless people for free here. People actually had to pay for those properties and were scammed.

There’s another side to this. “Pre-planning” without proper forecast led to the housing crisis we are seeing today in China, with one of the largest developers in China Evergrande defaulting and filing for bankruptcy. A lot of people who were promised a good property and sunk their life savings into the project, now have no choice but to live in unfinished buildings in ghost towns without electricity nor water.

https://www.aljazeera.com/economy/2023/10/31/crumbling-buildings-and-broken-dreams-chinas-unfinished-homes
https://www.reuters.com/markets/asia/china-home-buyers-occupy-their-rotting-unfinished-properties-2022-09-26/