> If each vacant home is occupied by a household of 2.76 [2], there are about 510 million vacant homes in China.
Considering the literal rows of tents that pop up outside my apartment because so many people can't afford the fucking astronomically high rents here in America anymore, that sounds like a FANTASTIC "problem" to have!
Most of vacant units / under occupied development areas are where people fine with living, even speculative RE purchases has to factor in location to maximize returns. Hence empty units largely located just outside of ring roads of "city" where many people live, but rent between "decent" area and "prime" urban area is huge = many owners speculating on equity growth don't even bother to rent since ROI of rentals in these areas are very bad.