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Those empty condos are unmarketable. As people become wealthier, they're going to change tastes. Even the middle class is going to seek out individual single
by mozumder 10y ago
Those empty condos are unmarketable. As people become wealthier, they're going to change tastes. Even the middle class is going to seek out individual single family homes, instead of the concrete jungle of repetitive jail cells that are those new condos.
They're the poor mans idea of what the middle class wants.
- Haydos585x2 10y agoA lot of those cities have the apartments built and sold before they put in commercial areas and most importantly things like subways. There was an episode of Sinica where a guest was talking to a person that bought one of the ghost apartments but wasn't living in it because there wasn't a subway line. The guest went back to the area once the subway opened and most of the apartments were full and roads were being used. I think it was this episode[0] but not 100% sure. I know the section I'm talking about was towards the end of the episode. 0 - http://supchina.com/sinica/beautiful-country-middle-kingdom-john-pomfret/ http://supchina.com/sinica/beautiful-country-middle-kingdom-...