You have to watch this and understand the Chinese govt housing scam. This is worse than Ponzi Scheme. Now Chinese govt had dropped loan interest and they will just pop up another Ghost town. Now Chinese citizens can’t buy houses in the USA because of strict control on forex.
China’s economy is really bad and collapsing fast.
https://www.youtube.com/watch?v=wJ8JBTIVUVw
The Secret behind China’s Ghost Cities
I know some real estate developers have had big problems and defaults. But I never know about the ghost towns, buying property that no one will live in, and buying means a 7 year lease, that sounds crazy!