China faces a significant housing problem with millions of unsold apartments, reflecting a larger crisis in the real estate market. The government's recent plan to buy these unwanted properties is a bold attempt to address the situation. However, the scale of the problem extends beyond empty apartments to include unfinished developments, posing a serious economic threat. With trillions of dollars owed to various stakeholders, including builders, banks, and small companies, the repercussions are far-reaching. Beijing's efforts to stabilize the market, such as cutting off easy money and supporting selected real estate companies, have not been sufficient to reverse the downturn. The recent announcement of a $41.5 billion commitment to fund loans for purchasing unsold properties is a step in the right direction, but critics argue that it may be too late and insufficient. The government's willingness to intervene politically may pressure local authorities to act, but challenges remain, particularly in areas with shrinking populations. While some experts see the government's actions as a positive step, they emphasize the need for more comprehensive measures to address the housing crisis.