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What percentage of new housing in China would fall in the 'ghost-city' category now? People tend to forget there are 1,6 Billion Chinese. 10 cities failing in
by apexalpha 8y ago
What percentage of new housing in China would fall in the 'ghost-city' category now?
People tend to forget there are 1,6 Billion Chinese. 10 cities failing in the last 10 years would be a low percentage.
- smt88 8y agoI think the relevant question is, "When China builds a brand new city in an area that isn't currently desirable to live in, do people move there?" The answer seems to be no. People want to live where friends, family, jobs, history, and culture already exist. It's not like low rent is still valuable to someone when everything else in their life is awful.