On: Evergrande shares plunge as much as 87% as trading...

[throwawaymaths]

In places those homes don't exist(https://www.reuters.com/world/china/unfinished-evergrande-ap...), or are of shoddy construction. Some have been torn down (https://www.cnn.com/2022/01/04/investing/evergrande-stock-ga...).

For many of those owners the house is not intended to be lived in but rather an investment vehicle. Somewhere i read that a majority of home owning families (sometimes extended families) in China have more than one home -- don't know if that's true.