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>The houses that they've built are still standing No, they are demolishing whole empty cities to keep the prices up. https://asia.nikkei.com/Spotlight/The-age
by agilob 3y ago
>The houses that they've built are still standing
No, they are demolishing whole empty cities to keep the prices up.
https://asia.nikkei.com/Spotlight/The-age-of-Great-China/Concrete-ghost-towns-make-China-s-real-estate-bubble-visible https://asia.nikkei.com/Spotlight/The-age-of-Great-China/Con...
https://www.youtube.com/watch?v=8AuWH2GdH1w https://www.youtube.com/watch?v=8AuWH2GdH1w
- seanmcdirmid 3y agoThese probably aren’t the homes Evergrande has sold, mostly in south China. Ordos Kangbashi will never be populated because coal is on the way new out, a true ghost city that is only categorized as a success via goal post moving and lots of demolition (Ordos itself isn’t a ghost town, just this new district). The article talks about buildings in kunming being demolished. While kunming definitely went through a big bubble, I would hardly call it a ghost town now.