And Now Presenting:Amazing Satellite Images Of The Ghost Cities Of China[64M Vacant Homes]

The hottest market in the hottest economy in the world is Chinese real estate. The big question is how vulnerable is this market to a crash.

One red flag is the vast number of vacant homes spread through China, by some estimates up to 64 million vacant homes.

We've tracked down satellite photos of these unnerving places, based on a report from Forensic Asia Limited. They call it a clear sign of a bubble: "There’s city after city full of empty streets and vast government buildings, some in the most inhospitable locations.

Thanks for the link. Yes, I have read of these reforms. The Central Committee of the Party, et al know that it's either effective reform or there will be more civil unrest and possibly revolution.

The status of migrant workers is just one of several existential problems that the Party faces.

Soon "urban and rural residents in the city will enjoy the same rights and be free to move between downtown areas and countryside, making Chengdu the first Chinese city to eliminate the difference between rural and urban hukou."

I've read that city folks everywhere just do not accept the migrant workers as equals. It's going to take the Communist Party's patented crackdown on the city folks to make them accept the changes.

BTW, every one of the Red Chinese Communists' crimes against their own citizens was a contemporaneous event for me.

I heard about a lot of the crimes on radio and the network news of the late forties and beyond.

After Mao I know that Deng patterned economic "reforms" after Lenin's New Economic Plan (NEP) and IMO it's only a matter of time before the Chi-coms simply take the property of, what Lenin called, the useful idiots. Who's going to stop them? Actually, who can blame them? They need that wealth for the benefit of their own, why let foreigners continue to take wealth away from the "people?"

Looks like an amazing waste of capital and resources. On the positive side, at least these are resources not used to expand military or to industrialize at an even higher rate relative to the US.

The number one problem with socialist, command style economies is political concerns override efficient uses of resources. It is why their growth is retarded and inflexible compared to truly market economy. This just reinforces my impression that China will hit a economic wall, ultimately failing in its goal to grow rich before it grows old and will be in serious decline and turbulence during my lifetime. The question is will they implode on themselves or will they explode damaging us and everyone around them?

Of course if the US doesn’t get it’s act together we could very likely be in a state of failure and collapse before then.

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