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Started By
Message
China has been demolishing entire city blocks of high rises in their Ghost Cities
Posted on 8/20/22 at 1:46 pm
Posted on 8/20/22 at 1:46 pm
25
Posted on 8/20/22 at 1:47 pm to MrLSU
Bad omen. Just practice for future operations.
Posted on 8/20/22 at 1:48 pm to MrLSU
Knock ‘em down and “create” more work and more jobs…..
Posted on 8/20/22 at 1:48 pm to MrLSU
But China built them at a record pace.
Posted on 8/20/22 at 1:51 pm to MrLSU
China's entire banking industry is based on real estate.
Their home ownership rate was ridiculously higher than America due to people investing in second and third homes rather than banking and other sectors. The banks are over leveraged and it's been a ponzi scheme basically. People were buying unbuilt homes and the real estate developers were using that cash just to buy more land rather than build the homes.
People are bucking back over there and not paying mortgages and there has been bank runs. Some real estate developers are bankrupt and their executives leaving in the middle of the night.
China. Is. fricked.
Their home ownership rate was ridiculously higher than America due to people investing in second and third homes rather than banking and other sectors. The banks are over leveraged and it's been a ponzi scheme basically. People were buying unbuilt homes and the real estate developers were using that cash just to buy more land rather than build the homes.
People are bucking back over there and not paying mortgages and there has been bank runs. Some real estate developers are bankrupt and their executives leaving in the middle of the night.
China. Is. fricked.
Posted on 8/20/22 at 1:53 pm to Tigers0891
quote:
China's entire banking industry is based on real estate.
Their home ownership rate was ridiculously higher than America due to people investing in second and third homes rather than banking and other sectors. The banks are over leveraged and it's been a ponzi scheme basically. People were buying unbuilt homes and the real estate developers were using that cash just to buy more land rather than build the homes.
People are bucking back over there and not paying mortgages and there has been bank runs. Some real estate developers are bankrupt and their executives leaving in the middle of the night.
China. Is. fricked.
The world is fricked
Posted on 8/20/22 at 1:54 pm to Tigers0891
quote:
China. Is. fricked.
You hate to see it
Posted on 8/20/22 at 1:55 pm to MrLSU
To be fair, they could just be falling
Posted on 8/20/22 at 2:00 pm to Tigers0891
If you're right about the banking and real estate, they are fricked.
Where are people getting so much money for real estate there? I thought most people in China were essentially blue collar type but with lower earning power than here.
Also: where are they putting all the discarded building materials? Must be thousands of acres of landfill. (IDK about over there, but here every building requires all new material, and regardless your can't use shite that's been blown up and compromised.)
Where are people getting so much money for real estate there? I thought most people in China were essentially blue collar type but with lower earning power than here.
Also: where are they putting all the discarded building materials? Must be thousands of acres of landfill. (IDK about over there, but here every building requires all new material, and regardless your can't use shite that's been blown up and compromised.)
Posted on 8/20/22 at 2:01 pm to MrLSU
I would like to help. I think it would be fun and I could be good at it.
Posted on 8/20/22 at 2:03 pm to MrLSU
I'm assuming they are structurally compromised?
Posted on 8/20/22 at 2:06 pm to MrLSU
“Vacant”
Sureeeee
Sureeeee
Posted on 8/20/22 at 2:12 pm to MrLSU
Empty city you say. Well I found a solution to our hobo problem here in the US.
Posted on 8/20/22 at 2:13 pm to Tigers0891
quote:
China's entire banking industry is based on real estate.
Their home ownership rate was ridiculously higher than America due to people investing in second and third homes rather than banking and other sectors. The banks are over leveraged and it's been a ponzi scheme basically. People were buying unbuilt homes and the real estate developers were using that cash just to buy more land rather than build the homes.
People are bucking back over there and not paying mortgages and there has been bank runs. Some real estate developers are bankrupt and their executives leaving in the middle of the night.
China. Is. fricked
Their demographics are also the worst in the world. Their population has already peaked. Right now they are disproportionately old. In 2030 they will have more people retired than still working.
By 2050 they are projected to decrease from 1.3 billion to around 650 million. That's not good
Posted on 8/20/22 at 2:16 pm to Tigers0891
quote:the how are they beating our arse so bad?
China. Is. fricked.
Posted on 8/20/22 at 2:17 pm to Strannix
quote:
I'm assuming they are structurally compromised?
quote:
I'm assuming they are structurally compromised?
That would be a typical Chinese building.
Posted on 8/20/22 at 2:17 pm to Tigers0891
China is literally in the middle of falling apart and its not getting enough attention
Posted on 8/20/22 at 2:19 pm to Tigers0891
quote:
China. Is. fricked.
This has been said for years. Still waiting for it to happen.
Posted on 8/20/22 at 2:20 pm to MrLSU
Those are just old sets from Godzilla
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