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China already has numerous "ghost cities" that nobody lives in, so this project just seems like an especially environmentally dangerous jobs program: http://giz
by chriskanan 12y ago
China already has numerous "ghost cities" that nobody lives in, so this project just seems like an especially environmentally dangerous jobs program:
http://gizmodo.com/welcome-to-the-worlds-largest-ghost-city-ordos-china-1541512511 http://gizmodo.com/welcome-to-the-worlds-largest-ghost-city-...
http://www.zerohedge.com/news/2013-09-21/chinas-ghost-cities-are-multiplying http://www.zerohedge.com/news/2013-09-21/chinas-ghost-cities...
- rational-future 12y agoSure, ghost cities in China... Out of the thousands new developments in the recent years, four were slow to populate (mainly because supporting infrastructure was delayed).
- tormeh 12y agoChina is a big place. Just because there's no demand for housing in one part of China does not mean that there is no demand for housing in all of China.
- seanmcdirmid 12y agoAnd do tell me where housing is actually hot right now? Every single second+ tier city I've visited this year has had large amounts of new empty housing, the entire country outside of a few first tiers has long entered bubble territory.