Submitted by rabbitt-we t3_xzgfs7 in tifu
Excxstacy t1_irmdatb wrote
Yeah, people were paying mortgages in China on houses they haven’t built yet. But you could only do that if the company bought the land
rabbitt-we OP t1_irmdlb1 wrote
“China's record number of vacant houses and urban projects, sitting at over 50 million units and growing, are an increasingly worrying domestic challenge. Known as “ghost cities,” these developments have created a housing bubble representative of decades of Chinese progress — but also turmoil.”
Viewing a single comment thread. View all comments