No.35647
The real problem is immigration but not because it leads to high house prices/rent
No.35651
You ever wonder how China manages to share a border with Pakistan, India and Russia (with some degree of immigration), have a billion number of people yet also have enough houses and jobs for all of them
No.35653
>>35651China has barely any immigration and a declining population.
They do make a lot of houses though. But the quality of them is questionable and such construction is driven by speculation and a huge amount of irresponsible spending fueled by massive amounts of debt. Not something we should want to emulate.
No.35655
I can't say I'm familiar with China's housing market, but I remember hearing that they build a lot of things even if there's no one to live in them. Lots of industries involved to keep the economy going or something. Western housing, is uhh... well, the immigration policy of "let them all in and let someone else figure it out" naturally hasn't had a good effect.
Something shared by the West and China is housing is now a luxury to hoard rather than a basic commodity, so various parasitic firms scoop them all up, even foreign ones. There was a new neighborhood built a few dozen miles from here by some Californian investors and it only has small, kuso rental houses that no one would choose to live in. I can see it being filled with "legally challenged" residents.
That's the way of the future. Neighborhoods where no one owns their house.