Beijing Alone Has 50% More Vacant Housing Than The US

Submitted by Tyler Durden on 06/05/2012 09:56 -0400

Putting some housing things into perspective. From the (less than credible) NAR:

Total housing inventory at the end of April rose 9.5 percent to 2.54 million existing homes available for sale, a seasonal increase which represents a 6.6-month supply at the current sales pace, up from a 6.2-month supply in March.  Listed inventory is 20.6 percent below a year ago when there was a 9.1-month supply; the record for unsold inventory was 4.04 million in July 2007.

Meanwhile, half a world away, from a just released report in Beijing News (google translated):

The Beijing Public Security Bureau Population Administration Department said yesterday that have checked the information of the mobile population 725.5 million, mark the rental housing 1.39 million, checking vacant houses to 3.812 million.

So, broadly speaking: US: 2.5 million available homes; Beijing - onecity in China - has 3.8 million??

That is all.

所有跟帖： 

• No, it was 68million vacant units in Beijing, they said before. -jessefan- ♀ (57 bytes) () 06/05/2012 postreply 07:14:29

• 形勢嚴峻了 -萬楓- ♂ (0 bytes) () 06/05/2012 postreply 07:19:03

• You confused two different concepts, housing for sale and housin -borisg- ♀ (111 bytes) () 06/05/2012 postreply 07:24:39

• So what? Iceland's housing price has increased by 40% -worriedmom1- ♀ (438 bytes) () 06/05/2012 postreply 08:08:50

• I don't think it is true. -NewLuck- ♀ (0 bytes) () 06/05/2012 postreply 08:35:57