Posted on 12/31/2018 4:54:46 PM PST by SeekAndFind
Send our illegals home and our Millennials will simply move out of their parents’ houses into their own places, which will become more affordable.
Bkmk
Personally I’d be reluctant to live in one of those as I’ve seen too many videos of how easily they topple over due to poor foundation.
Also how about the supply of furniture for the homes & offices? How about the phone services, cell phones towers, hospitals & other infrastructure? Are they already in place?
Lol, on China they are not political correct like in Europe or the USA. They speak their mind freely to you and will also do so to those referees waves.
It is certainly a kind of hybrid (but the Party controls the businesses in a top down manner).
A true market economy wouldn't build this much of an over supply because the "market" would be telling investors the buyers weren't there. It is apparent that there is some kind of artificial central planning construct within China's economy that is misdirecting capital toward housing.
Furthermore, it is one thing for a builder and his investors to fail to predict a market decline, but it is another thing entirely for investors to fail to predict the market enthusiasm for entire cities. When one sees entire cities standing empty, you can pretty much place the blame at the feet of the central planners.
Cities and their vast infrastructure aren't built by builders and their investors in a vacuum. They are built according to plans laid out by--guess who--the government.
You are correct, of course.
I thought it was interesting to know what percentage would be rural if they filled what they have built.
Why are there dozens of ‘ghost cities’ in China?
https://www.youtube.com/watch?v=TiTDU8MZRYw
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