China, Housing, and Refugees

I’m told China has a real estate bubble that might collapse and cause a world wide recession, if it hasn’t already. So it got me wondering, just how much over-supply is there? Turns out there is number for that on the internet, and it is that there is currently more than 1 billion square meters of available housing. Yes, billion, with a B. It works out to space for over 25 million average Europeans (or only 14 million average Americans). That would be enough to house every refugee in the world, so one way to end the refugee crisis in Europe. Sadly I somehow doubt China would be so generous with their unused housing.

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One Response to “China, Housing, and Refugees”

  1. Dennis the Vizsla Says:

    hello muddledblog its dennis the vizsla dog hay hmm i am a littel serprized airbnb or sumbuddy has not figgered this wun owt and monitized it!!! ok bye

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