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Satellite Pictures Of The Empty Chinese Cities Where Home Prices Are Crashing
business insider ^
| Dec. 7, 2011
| Gus Lubin
Posted on 12/10/2011 9:58:38 AM PST by george76
The long-predicted crash has arrived with a vengeance in China's original ghost city.
Home prices have plunged by one third recently, down 60% from 2006, in Kangbashi, the ambitious second city built on the outskirts of Ordos. Developers, investors and migrant workers are all giving up on Kangbashi.
"Ordos is the first of a number of these ghost cities that will see similar magnitude price declines
(Excerpt) Read more at businessinsider.com ...
TOPICS: Business/Economy; Crime/Corruption; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: china; expected; ghostcities; unexpected
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To: george76
Shadese of Pyongyang. Sure it isnt one big Potemkin Village to show “progress”. ( I would not put it past the Reds).
21
posted on
12/11/2011 7:28:58 AM PST
by
AmericanInTokyo
(Leaning for BACHMANN or SANTORUM. Lobby me for (but not against) via FReepmail if you wish...)
To: org.whodat
I Have never understood why the united states imports food from china. They hold over a trillion in our debt. The bonds were bought at a discounted interest rate with respect to inflation with a sweetener: regulations on American farmers make the Chinese products economically competitive.
22
posted on
12/11/2011 7:42:18 AM PST
by
Carry_Okie
(The Democrats are and always have been the Party of the Extremely Rich, the Party of Slavery.)
To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...
This must be year six of the five year plan. Thanks george76.
23
posted on
12/11/2011 9:40:45 AM PST
by
SunkenCiv
(It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
To: george76
The ghost cities have fascinated me for years. Giant cities, with sports arenas and concert halls and train stations and thousands of apartments and homes, police stations, museums, parks, luxury hotels, restaurants, warehouses, factories, swimming pools - and nobody has ever lived there or used them, and likely nobody ever will.
They build one empty city then go off and build another. That is Rod Serling weirdness.
24
posted on
07/12/2012 8:51:45 AM PDT
by
dead
(I've got my eye out for Mullah Omar.)
To: george76
Dateline segment on China's ghost cities:
China's Ghost Cities and Malls
Best line, when showing an empty mall that has was designed to handle 70,000 customers a day but five years later the only open store sees a single customer every few days - ""The mall was heralded by the New York Times as proof of China's astonishing new consumer culture."
And liberals never get it when I try to tell them that reading the New York Times only makes a person stupider.
25
posted on
07/12/2012 9:03:33 AM PDT
by
dead
(I've got my eye out for Mullah Omar.)
To: dead
reading the New York Times only makes a person stupider.
LOL
26
posted on
07/12/2012 10:05:50 AM PDT
by
george76
(Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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