Jump to content

Recommended Posts

Posted

@beetle these streets are in china and not in europe .. chinese eifffel tower is 1/3rd the size of the original..

london bridge is as big as the real one

Posted

How can such a populated country have ghost towns? :facepalm:

Real estate bubblles ! It this age of analysis, how can they not predict the behavior of the market and people.

 

Posted
1 hour ago, beetle said:

How can such a populated country have ghost towns:facepalm:

Real estate bubblles ! It this age of analysis, how can they not predict the behavior of the market and people.

 

Because China is big. almost three times bigger

Posted
On 4/2/2018 at 10:33 PM, beetle said:

How can such a populated country have ghost towns? :facepalm:

Real estate bubblles ! It this age of analysis, how can they not predict the behavior of the market and people.

 

Property is seen as a safe investment and one that appreciates quickly.  Lot of people ended up buying 2nd and 3rd flats, thinking the prices will keep going up.   Ultimately leading to overcapacity in a few places - 2nd and 3rd tier city outskirts where the demand wasn't really there.  

 

A lot of these places are also shoddily built.  In China its expected and normal to spend a big chunk of money "fixing" a NEW flat that you buy.   You think Indians have a bad attitude toward quality and building regulations?  Google "Chaboduo" and you will find that China has its own version of "chalta hai". 

×
×
  • Create New...