• Cyclohexane@lemmy.ml
    link
    fedilink
    arrow-up
    1
    ·
    1 year ago

    In a planned economy, it wouldn’t be unexpected to over-build. In fact, it perfectly makes sense, same as we would over produce a small surplus of anything. Housing isn’t ten I to create, and so having reserves ready for use when they’re needed in the future is a good thing. It may be bad from capitalism perspective, because you aren’t getting a great return on the investment yet. But from a planned economy perspective it’s good.

    • TranscendentalEmpire@lemm.ee
      link
      fedilink
      arrow-up
      2
      ·
      1 year ago

      In a planned economy, it wouldn’t be unexpected to over-build. In fact

      I wouldn’t call that over building though, and that wouldn’t explain hundreds of millions of extra homes. Building that aren’t being used begin to break down quite rapidly.