Chinese ghost City

 

The biggest property bubble in the world, China.  Shadow banks, speculation, and rampant gaming of the system including the building of sham  multi story houses to milk compensation for land acquisition. Building a city large enough to absorb the population of five surrounding cities and remaining almost completely empty.

That’s what I love about the internet, you can get almost any perspective, this one for example is from two western guys who like to record their motorbike adventures around China.

I love one his last comments, “…at least there wont be a homelessness problem once the bubble bursts”.

Posted on November 29, 2016, in 1Uncategorized and tagged , , , . Bookmark the permalink. Leave a comment.

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