Shocking stuff
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China's Ghost Cities
- event horizon
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Very interesting indeed - thanks for posting eh.
The comparisons with Dubai are too obvious.. but on the economic front, I shudder to think what the consequences of the property bubble in China bursting will be. (There's no doubt that there is a bubble, IMO).
"..there may be trouble ahead"!
Cheers,
Shafique
The comparisons with Dubai are too obvious.. but on the economic front, I shudder to think what the consequences of the property bubble in China bursting will be. (There's no doubt that there is a bubble, IMO).
"..there may be trouble ahead"!
Cheers,
Shafique
- shafique
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shafique wrote:Very interesting indeed - thanks for posting eh.
The comparisons with Dubai are too obvious.. but on the economic front, I shudder to think what the consequences of the property bubble in China bursting will be. (There's no doubt that there is a bubble, IMO).
"..there may be trouble ahead"!
Cheers,
Shafique
Interesting video. I can see the comparisons to Dubai as well. The major difference is that expats will never cause unrest, and no need for the the locals as they are quite content
, at least those who didn't buy.- Bora Bora
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What are they thinking? So many people want to have a place to live and work, but they can't afford to buy anything in these ghost towns! Insanity.
- kanelli
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