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China’s empty city

November 15th, 2009 by Joe Jones		 Joe

Hat tip to Marginal Revolution.

This entry was posted on Sunday, November 15th, 2009 at 8:50 am and is filed under China, Econ & Business, Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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    • 5 Responses to 'China’s empty city'

    1. Bryce Says:
      November 15th, 2009 at 12:20 pm

      Wow, so after the LDP lost the last election it moved to China and started running things there?

    2. hidflect Says:
      November 15th, 2009 at 5:26 pm

      And this is the country all the economists are clamouring will replace Japan? With exactly the same strategy as Japan’s export led model? Watch China implode in 5 years time.

    3. Curzon Says:
      November 15th, 2009 at 11:50 pm

      Looks a lot like some neighborhoods in Dubai.

    4. Peter Says:
      November 16th, 2009 at 1:35 pm

      I love the traffic cop looking like the Maytag repairman…

      The report mentions individual investors plunking down cash into these empty homes, but makes it sound like its just cash, but I wonder how levered these investments typically are…

    5. Kozo Says:
      November 17th, 2009 at 1:51 pm

      This seems like the closest thing to SimCity you can get in real life. Build first, hope residents will come…

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