Archinect - News 2014-10-02T04:26:33-04:00 http://archinect.com/news/article/85996908/china-s-massive-empty-housing-stock China's massive empty housing stock Nam Henderson 2013-11-07T16:56:00-05:00 >2013-11-07T16:59:01-05:00 <img src="http://cdn.archinect.net/images/514x/jd/jd53hrqwuek7a5tc.jpg" width="514" height="338" border="0" title="" alt="" /><em><p>For those who do not believe travelers&rsquo; tales, there is the Chinese government&rsquo;s own report, from 2010, concluding that home ownership rates in China were then nearly 90%. This compares with a world average of 63% and a U.S. average of 65%.</p></em><br /><br /><p> Anne Stevenson-Yang (co-founder and research director of J Capital Research Ltd.) penned an op-ed regarding the status and future of the Chinese housing market. The gist - massive urbanization has led to a vast oversupply according to the governments own figures and she predicts that "<em>these 'urbanized&rdquo; developments' will become crucibles of crime and poverty, plagues of which Chinese cities had been blessedly free</em>".</p>