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Comment by notyourwork | Hacker News Reader

My understanding was the US was not doing this to the extent China was. There construction projects to build ghost cities.

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As a Californian, I would love if we were mismanaged in a way that produced excess housing!

If you love mismanagement that produces excess housing, you should move to Detroit.

Would be great to mismanage some cities West of Lake Michigan. That lake effect snow is no joke!

You misunderstand.

I love California, and would like housing there.

In the Arizona Desert?

Plenty of houses in Detroit

You might be surprised to learn why there's excess housing. Young men who are courting a lady need two or three houses to have any chance of winning her hand:

Why 50 Million Chinese Homes are Empty - https://www.youtube.com/watch?v=f5SE47Xjx2Q&t=2s

That's a gross misrepresentation. China has a female shortage, so some males will not get mates, regardless of how much housing is built. The extra houses aren't convincing women to turn from lesbian/asexual to heterosexual.

I don't really understand your comment. A female shortage is compatible with men buying many houses to attract women. Men wouldn't be trying to turn lesbian women heterosexual with houses. Men would be trying to attract women away from other men with houses. The men would be fighting each other.

The article is about injecting liquidity into markets. The US has done a huge amount of this in the last decade, in fact almost every major power has. Here is the latest US resumption of buying their own debt:

https://www.bloomberg.com/news/articles/2019-10-08/powell-sa...

This has nothing to do with ghost cities (which can probably be blamed on bad central planning and an overheated property market in China).

I read the article. The topic of my comment was artificial market stimulation which can be done in multiple ways.

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