4 ms·
Sure, orthogonal to the top 3 characteristics of housing value (location, location, and location), there is plenty of housing. Even cheaper than Detroit and Ba
by jnwatson 2y ago
Sure, orthogonal to the top 3 characteristics of housing value (location, location, and location), there is plenty of housing.
Even cheaper than Detroit and Baltimore, there's plenty of mostly empty apartment towers across China's cities. Why don't we just relocate everyone there?
- thephyber 2y agoWhile true (about the Chinese tower vacancy rates), it is much less than you might expect. I heard an interview with the guy who popularized the Chinese Ghost Cities a decade or more ago. He has admitted that China has done a pretty good job at populating those dozens of tier 2 and 3 cities that he used to describe as ghost cities.
- seanmcdirmid 2y agoOrdos new town is still a ghost town, at least until coal comes back. Tianjin can be counted on to always have a couple of ghost districts going on, not to mention the tallest ghost skyscraper in the world (Golden Finance 117). If you are into touring China, you can just go to see for yourself, but I don't recommend going to Ordos just to check out a ghost district.