Looks like the ChiComs haven't learned a single lesson about ghost cities.
the ghost cities job was to build lots of shit to keep people busy so they dont rebel, the fact that no one wants to live in them is secondary to the true mission.
Looks like the ChiComs haven't learned a single lesson about ghost cities.
China's Vertical Gardens Apartment complex is apparently having some hiccups. Over eight hundred apartments with their own garden balconies but only ten families moved in since the residences opened up.
Now most of the gardens are untended and plants have overgrown the balconies and worse insects including mosquitos infest the growing vertical forest.
Thats the thing though. From the video every flat was successfully sold. Its just not many moved in after buying them. People probably bought the property like a speculative commodity or just a physical asset with likely no intention of ever living there.the ghost cities job was to build lots of shit to keep people busy so they dont rebel, the fact that no one wants to live in them is secondary to the true mission.
I posted a video that talks about this on the previous page, but the real estate market is seen in China as the only viable opportunity for investment. People buy and sell property for ludicrous amounts of money over there, and it's only a matter of time before the bubble finally bursts; likely taking out China's entire economy in the process.Thats the thing though. From the video every flat was successfully sold. Its just not many moved in after buying them. People probably bought the property like a speculative commodity or just a physical asset with likely no intention of ever living there.
Kinda sad to be honest. Those places look neat. I mean building standards being what they are it would probabaly be a coin flip whether they are safe or not but they do atleast look nice.I posted a video that talks about this on the previous page, but the real estate market is seen in China as the only viable opportunity for investment. People buy and sell property for ludicrous amounts of money over there, and it's only a matter of time before the bubble finally bursts; likely taking out China's entire economy in the process.
the ghost cities job was to build lots of shit to keep people busy so they dont rebel, the fact that no one wants to live in them is secondary to the true mission.
Thats the thing though. From the video every flat was successfully sold. Its just not many moved in after buying them. People probably bought the property like a speculative commodity or just a physical asset with likely no intention of ever living there.
As a 2nd generation immigrant of Chinese heritage, I can confirm from conversations with my parents and grandparents that everything said above is true.I posted a video that talks about this on the previous page, but the real estate market is seen in China as the only viable opportunity for investment. People buy and sell property for ludicrous amounts of money over there, and it's only a matter of time before the bubble finally bursts; likely taking out China's entire economy in the process.
On the bright side, all those ghost cities will soon have resident squatters when the PRC economy shatter into a billion pieces with the real estate bubble being burst.
Shortly before they collapse. Construction in an environment where:
A. No-one takes pride in their work and has no reason to do anything more than the bare minimum (for typical commie reasons).
B. It's impossible to survive without ignoring the law, hence everyone is corrupt and is constantly giving or taking bribes.
Tends not to be high-quality.
Not to mention that Xi is starting to push neo-Maoism.
The real estate bubble is very close to bursting and when it does big shit will hit the fan at top speed.
But there will come a point where their fraudulent actions create consequences.Country can always keep nominal prices of something rising. High enough inflation, and while real value will go down, nominal value and ability to pay back loans should be fine.
The horse has long since prepared for that day.EXCLUSIVE China’s Ant explores ways for Jack Ma to exit
Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signalled to the company that the move could help draw a line under Beijing's scrutiny of its business, according to a source familiar...www.reuters.com
The horse is getting fucked.
I'm a pessimist at heart.And people thought I was crazy that the US would defend and help Taiwan with Biden in office
I'm a pessimist at heart.
No belt and road for you Aussie.
The Australians.Who does it? China or the US? I don't wanna watch the video
This is pure copium.Shortly before they collapse. Construction in an environment where:
A. No-one takes pride in their work and has no reason to do anything more than the bare minimum (for typical commie reasons).
B. It's impossible to survive without ignoring the law, hence everyone is corrupt and is constantly giving or taking bribes.
Tends not to be high-quality.
Not to mention that Xi is starting to push neo-Maoism.