4 ms·
They are being filled up. https://www.bullionstar.com/blogs/koos-jansen/guest-post-5-chinese-ghost-cities-came-alive/ https://www.bullionstar.com/blogs/koos-ja
by qwertyuiop1234 12y ago
They are being filled up.
https://www.bullionstar.com/blogs/koos-jansen/guest-post-5-chinese-ghost-cities-came-alive/ https://www.bullionstar.com/blogs/koos-jansen/guest-post-5-c...
- beachstartup 12y agopeople ridicule it because it's so different than the american way, which is to severely restrict housing construction to cause enormous increases in price so that nobody can afford to live anywhere without taking out massive loans, while poor people get kicked out of their homes.
- vonmoltke 12y agoThat is not the "American way". That is the way certain areas behave as they try to fight urbanization, but is not the way most areas behave.
- natrius 12y agoCan you give some examples of cities that don't do this? Every single city I'm familiar with does this, though Houston does it less than most places.
- freehunter 12y agoIt's hard to point to examples of cities that don't do it because it doesn't make the news when a new building is put up in Nashville. It doesn't make the news when a law to limit building height is never even proposed in Kalamazoo. It doesn't make the news when Akron's population increases 3% year over year. It does make the news when San Francisco's residents start getting driven out of the city. It does make the news when Madison limits the height of buildings downtown. Can you give me an example of people who didn't get a flat tire today? Of course not, because that's just called normal functioning.
- beachstartup 12y agoso what you're saying is, the media distorts and amplifies the exceptions in order to create a perception of widespread dysfunction, thereby generating revenues through public outrage? but this only happens in the US, right? not anywhere else, like... china?
- jobu 12y agoPoor people get kicked out of their homes in China too - http://www.theguardian.com/world/2007/jun/06/sport.china http://www.theguardian.com/world/2007/jun/06/sport.china
- venomsnake 12y agoThere has been massive displacement of Chinese peasants too. By a decree. But indeed - if you look at rates of home ownership in Eastern Europe pre changes - socialist systems indeed seem to prefer affordable housing.
- walshemj 12y agoAll of which is happening in China plus the wiping out of massive amounts of historically significant buildings with so much as a thought
- deleted 12y ago[deleted]
- seanmcdirmid 12y agoBeijing real estate makes San Francisco look like a bargain. Also, china doesn't have a property tax, so you can just buy an apartment and sit on it forever, there is no economic pressure (as a property tax is) to put it to productive use.
- aianus 12y agoYou can't buy land forever in China the way you buy land in the US. You can only get a 70 years 'land use grant'.
- seanmcdirmid 12y agoNo one expects that to hold, but even if it does, the US has property taxes most everywhere, and you'd eventually pay for your land again and again just by owning it. It is speculated that China will drop the land use grant when they institute a real property tax.