China's Ghost Cities

LabR@t

LabR@t

LabR@t

Soldato
Joined
30 Nov 2005
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Our bubble was manufactured, government created vast piles of easy money and the banks relaxed lending standards so much that anyone with a pulse could qualify for a NINJA (No Income, No Job or Assets) mortgage, but our command economy isn't yet half so well developed as the Chinese model (though they're working on it) so no wonder their example of the same lunacy we went through is a whole order of magnitude more spectacular/tragic.

I feel especially sorry for the desperate Chinese worker they show who laments that the government should step in to help him afford the ludicrously high price of a house. The poor sap is asking the hand of government to 'feed' him not realizing it's attached to same body as the mouth that's biting him and the foot that's kicking him repeatedly in the nuts.

Even though the whole thing is insanity (writ 30 storeys large) I'd love to walk around one of those ghost cities for a few hours. It must be eerie to stand in the middle of an environment that all your experience tells you should be heaving with life and not hear a sound, or see a soul for mile


s.



opps already a thread on this sorry
 
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irelands got a lot of ghost estates
here are currently more than 600 ghost estates in Ireland, and a government agency report has estimated the number of empty homes in Ireland at greater than 300,000.[
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Kmodo said:
Think we have had a similar post recently. Still, I am bored in a hotel and will give it a watch haha :)
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Yep. I posted about it here. It is absolutely crazy though. All those homes and all that infrastructure and nobody can afford to live in it and the government won't put those that need it into it.
 
This is what worries me about China and other developing nations. When things don't go to plan will they come clean and admit their failure, or will they lie to save face? A lot of Westerners could end up with egg on their faces...
 
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