😂 laowhy86: China Just Built 1 Billion Empty Houses for Nobody - This is Insanely Bad [I was repeatedly called a liar when I reported it 6yrs ago]

[Hamartia Antidote]

laowhy86 hitting back at all the Chinese people who called him a liar for claiming China has tons of Ghost homes.

GlobalTimes

Oversupply in China’s housing market remains a problem: former statistician - Global Times

www.globaltimes.cn

Oversupply in China’s housing market remains a problem: former statistician

Former deputy director of the National Bureau of Statistics (NBS), He Keng, described the housing market oversupply in Chinese cities as "even (China's) 1.4 billion people cannot fill all those vacant houses."

6 years ago:

 

[Redbeanpaste]

Its not really fair to blame China solely for increasing pollution and CO2 emissions. These are increasing due to manufacturing stuff for the West. If the West was less wasteful there would be a lot less pollution all around.

About the 1.5 billion to 3 billion empty houses.....if true...its going to be 2008 on steroids.

 

[Han Patriot]

laowhy86 hitting back at all the Chinese people who called him a liar for claiming China has tons of Ghost homes.

GlobalTimes

Oversupply in China’s housing market remains a problem: former statistician - Global Times

www.globaltimes.cn

Oversupply in China’s housing market remains a problem: former statistician



6 years ago:

Laowhy? Omg bro, can you find a better source. You might as well quote an Indian guy. Did he count 1bil houses with his fingers?

 

[antonius123]

laowhy86 hitting back at all the Chinese people who called him a liar for claiming China has tons of Ghost homes.

GlobalTimes

Oversupply in China’s housing market remains a problem: former statistician - Global Times

www.globaltimes.cn

Oversupply in China’s housing market remains a problem: former statistician



6 years ago:

He is just a cheap propagandist.

Zeihan is a better propangandist.

 

[Hamartia Antidote]

Laowhy? Omg bro, can you find a better source. You might as well quote an Indian guy. Did he count 1bil houses with his fingers?

All I know is the Chinese haters said all the empty ghost stories by him and others were made up sh*t.

Now 6 years later the Chinese government finally admits he was correct. But we all know the Chinese media is all lies because PDF members know better.

Expect a lot of off-topic rants by the Chinese PDF members to smokescreen this. Like talking about Uighurs or something.

 

[beijingwalker]

laowhy86 hitting back at all the Chinese people who called him a liar for claiming China has tons of Ghost homes.

When did China admit? empty houses are different from ghost towns. and what city is this Laowei video talks about? I can update the city's today's situation.

Let's check out this most famous city made by the western media, " the biggest ghost town in the world" , claimed by the western media. and what it is like today

Night walk in "China's Largest Desert Ghost Town" ORDOS, Inner Mongolia, N. China

the government start to gradually move people in What does this mean? How can the government move people? If people want to go and live there, they will go. For a person to leave his family and job in Hong Kong or Shanghai and move to inner Mongolia, does the government give any incentive?

pdf.defence.pk

 

[epebble]

A billion homes, even at a modest cost of U.S. $100,000 per house, amounts to $100 Trillion. It just doesn't pass the smell test that China has $100 Trillion of capital locked up in useless assets. Even U.S. Government, as profligate as can be, has accumulated only $33 Trillion in its 247 year history.

 

[Hamartia Antidote]

A billion homes, even at a modest cost of U.S. $100,000 per house, amounts to $100 Trillion. It just doesn't pass the smell test that China has $100 Trillion of capital locked up in useless assets. Even U.S. Government, as profligate as can be, has accumulated only $33 Trillion in its 247 year history.

They are saying 1.4B people can't fill the number of empty housing. It isn't saying how many there are.

Do we think GlobalTimes is lying???

Oversupply in China’s housing market remains a problem: former statistician - Global Times

www.globaltimes.cn

Oversupply in China’s housing market remains a problem: former statistician

Former deputy director of the National Bureau of Statistics (NBS), He Keng, described the housing market oversupply in Chinese cities as "even (China's) 1.4 billion people cannot fill all those vacant houses."

 

[beijingwalker]

They are saying 1.4B people can't fill the number of empty housing. It isn't saying how many there are.

Do we think GlobalTimes is lying???

Oversupply in China’s housing market remains a problem: former statistician - Global Times

www.globaltimes.cn

Oversupply in China’s housing market remains a problem: former statistician

Empty houses mean ghost towns? where did you get your education?

 

[epebble]

They are saying 1.4B people can't fill the number of empty housing. It isn't saying how many there are.

Do we think GlobalTimes is lying???

Oversupply in China’s housing market remains a problem: former statistician - Global Times

www.globaltimes.cn

Oversupply in China’s housing market remains a problem: former statistician

The title of the video says:

China Just Built 1 Billion Empty Houses for Nobody​

It need not be lying, just a case of bad estimation. Dealing with very large numbers in a very large country like China is a challenge and most likely someone sampled some place and extrapolated from that leading to howlers like this. A famous example given in introductory statistics class is this logically absurd but statistically accurate conclusion: A man with his feet in the freezer and head in an oven is on an average comfortable.

 

[beijingwalker]

The title of the video says:

China Just Built 1 Billion Empty Houses for Nobody​

It need not be lying, just a case of bad estimation. Dealing with very large numbers in a very large country like China is a challenge and most likely someone sampled some place and extrapolated from that leading to howlers like this. A famous example given in introductory statistics class is this logically absurd but statistically accurate conclusion: A man with his feet in the freezer and head in an oven is on an average comfortable.

No surprising at all, some also claim China put 5 million Uyghurs in concentration camps while the Uyghur's whole population is barely 12 million, including the very old and very young.

 

[epebble]

No surprising at all, some also claim China put 5 million Uyghurs in concentration camps while the Uyghur's whole population is barely 12 million, including the very old and very young.

I have seen U.S. Senators getting disoriented between millions and billions, what to talk of ordinary people. Most journalists are unbelievably innumerate and anything beyond 100,000 is just too big for them to grasp.

 

[beijingwalker]

I have seen U.S. Senators getting disoriented between millions and billions, what to talk of ordinary people. Most journalists are unbelievably innumerate and anything beyond 100,000 is just too big for them to grasp.

US politicians are not sensitive to numbers..

Governor of South Dakota：China has a "2,000-year plan to destroy America​

 

[epebble]

US politicians are not sensitive to numbers..

Governor of South Dakota：China has a "2,000-year plan to destroy America​

That woman is a special character. She gave a replica of the famous Mount Rushmore national monument to Trump with Trump's face on it to curry favor with him to be selected as his vice-presidential candidate for 2020 election.

 

[nahtanbob]

A billion homes, even at a modest cost of U.S. $100,000 per house, amounts to $100 Trillion. It just doesn't pass the smell test that China has $100 Trillion of capital locked up in useless assets. Even U.S. Government, as profligate as can be, has accumulated only $33 Trillion in its 247 year history.

Maybe things were built at a cost less than that