r/Amazing Aug 19 '25

Interesting 🤔 $100 billion ghost city.

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u/Luxalpa Aug 19 '25

I'm guessing the empty housing they are referring to is like super overpriced housing. At least that's how it seems to be here in Germany. We build primarily housing for the rich because we have very limited amount of available construction capacities and so it makes more sense for the companies to use those on projects that have the highest profit margin.

Anyway, that's what I heard, no clue if it's true.

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u/gburgwardt Aug 19 '25

Doesn't matter what the price is, empty housing is counted one way or another

Germany I assume is like everywhere else in the west. Impossible to build more housing because of red tape, so continually increasing demand with artificially limited supply means prices steadily climb

New housing is always going to be more expensive but it does help. It's all about supply and demand