FEOS
Bellicose Yankee Air Pirate
+1,182|6651|'Murka

Interesting that they mentioned Zhengzhou. Spent a week there and I didn't notice anything "empty" about any part of that city. There was a lot of construction, but that was evident in all three cities we visited.

The mall bit was kind of eery. The mall in Zhengzhou wasn't too busy when we went there, but the Wal-Mart right next door was packed every day.

This could all be a timing thing, tbh. As said before, in China, a population the size of NYC is transitioning from rural to urban areas every month. They have to find a place to put them. Overpriced apartments aren't going to do that, but since it's a centrally-managed economy, they can get what they can now from those who can afford it, then distribute the remainder at lower prices when there's increased pressure from the populace as the middle class grows once the rural families move to the cities, get more educated, and take root there. The trick is going to be keeping up empty infrastructure while that happens.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein

Doing the popular thing is not always right. Doing the right thing is not always popular
Dilbert_X
The X stands for
+1,815|6346|eXtreme to the maX
They're forward planning, thats all.

Why is anyone surprised that buildings are empty before people move into them? This is always the case with apartment blocks.
Fuck Israel
Shocking
sorry you feel that way
+333|6239|...
The population needs an intermediate solution before it can transition into true middle class standing. Right now you have slums and expensive apartments. Cheap housing projects are what's needed.
inane little opines
FEOS
Bellicose Yankee Air Pirate
+1,182|6651|'Murka

That last guy they showed who lived in Beijing was cycling through a hutong area. Those are actually very historic and quite expensive. No way it's getting torn down.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein

Doing the popular thing is not always right. Doing the right thing is not always popular
Shocking
sorry you feel that way
+333|6239|...
Judging by the interview he definitely wasn't happy to be living there though.

Last edited by Shocking (2011-07-20 04:43:46)

inane little opines
FEOS
Bellicose Yankee Air Pirate
+1,182|6651|'Murka

Shocking wrote:

Judging by the interview he definitely wasn't happy to be living there though.
Oh no. That's not what I was saying. I can completely understand why it would take so many families to live in one of those courtyard homes: the cost. We visited one that a retired professor lived in with her son and his family. It wasn't large, but it was very nice.

I was just pointing out that there's no way that neighborhood will be demolished. Too much historical/tourist value.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein

Doing the popular thing is not always right. Doing the right thing is not always popular
Trotskygrad
бля
+354|6239|Vortex Ring State
china is a shithole tbh

I spent a month there

got diarrhea twice.

You know shop merchants charge you more if you speak english?

Last edited by Trotskygrad (2011-07-20 07:22:03)

eleven bravo
Member
+1,399|5499|foggy bottom
engrish
Tu Stultus Es
eleven bravo
Member
+1,399|5499|foggy bottom
if i was president id invade the sinosphere
Tu Stultus Es
Shocking
sorry you feel that way
+333|6239|...
with more mcdonalds, walmarts and hollywood.
inane little opines
FEOS
Bellicose Yankee Air Pirate
+1,182|6651|'Murka

Trotskygrad wrote:

china is a shithole tbh

I spent a month there

got diarrhea twice.

You know shop merchants charge you more if you speak english?
Can't provide potable water in Zhengzhou, but they can provide loads of empty apartments.

Yeah. I wasn't terribly impressed.
“Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.”
― Albert Einstein

Doing the popular thing is not always right. Doing the right thing is not always popular
Stimey
­
+786|6360|Ontario | Canada
Seen this a while ago, I chinese student who is studying at my university posted this to his facebook.
They'll get used eventually.
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Macbeth
Banned
+2,444|5825

Stimey wrote:

Seen this a while ago, I chinese student who is studying at my university posted this to his facebook.
They'll get used eventually.
How long will that take? You can't just drop a building somewhere and leave it. All of those buildings, homes, roads, power lines, etc. have to be maintained.

I doubt enough Chinese will move away from rice farming onto a job that could afford those apartments before the Central government decides to stop or can no longer afford to pay to maintain all of that.

Last edited by Macbeth (2011-07-20 16:46:50)

Stimey
­
+786|6360|Ontario | Canada
maybe when America pays back there debt and the sustenance farmers have some pocket change
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RTHKI
mmmf mmmf mmmf
+1,741|6977|Cinncinatti
lol
https://i.imgur.com/tMvdWFG.png
Macbeth
Banned
+2,444|5825

We owe only a little more than one trillion dollars to China. The U.S. GDP (how much we generate a year) is almost 15 trillion. In our country of 350 million not every citizen can afford nice new city apartments and we don't have enough jobs here. I doubt the U.S. debt will be enough to uplift enough people to suddenly afford city living...
Stimey
­
+786|6360|Ontario | Canada
I agree mcbreast

however the apartments certainly wont cost as much as the average American apartment (I forget whether the video says how much or not)
or maybe the government will get their shit together and start subsidizing commercial/industrial ventures that promote growth in the area

so really they could be sitting empty for 5 or 50 years, just depends on the action taken I suppose
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Ilocano
buuuurrrrrrppppp.......
+341|6907

First, they should restrict ownership to owner-occupied.  Back here in the States, pissed me off tons of times when I was looking for a new house in new developments, and all the prime lots were already bought off by speculators./angry.
Cybargs
Moderated
+2,285|6956
rich area in taichung is full of near empty apartments bought off by chinese speculators lol.
https://cache.www.gametracker.com/server_info/203.46.105.23:21300/b_350_20_692108_381007_FFFFFF_000000.png
Trotskygrad
бля
+354|6239|Vortex Ring State
tuckergustav
...
+1,590|6153|...

Aren't/weren't there a bunch of condo highrises in Florida that were sitting empty?  I recall seeing a news clip about a man that was trying to sue the developers because he was the only resident in a huge complex.
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SEREMAKER
BABYMAKIN EXPERT √
+2,187|6808|Mountains of NC

can I buy a timeshare
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signa
~~~~~
+50|6969|Michigan, USA

eleven bravo wrote:

engrish
http://engrishfunny.failblog.org/
Commie Killer
Member
+192|6627
Its gonna be interesting when the China bubble bursts.

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