Housing Bubble 2: Return of the Ugly

There are a ton of people in China that “own” a home or property, but it isn’t even built or usable. There are scores of ghost cities across China that were built as part of an economic bubble.

There’s a ton of room for improvement in North America, and I’m not going to discount the fact that we need more smaller homes, and condos to be able to allow people to own a piece of property. However China’s metric is completely out of whack.