Dec
10
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China’s real estate ghost towns
Posted under REAL ESTATE by admin
Dec. 2 – The dangers of a rapid slowing of China’s property boom can be found in the Inner Mongolian city of Ordos, where new apartment blocks stand empty as real estate prices slump. Andrew Potter reports.
Duration : 0:2:29
@bromariomarconi …
@bromariomarconi yes its chinese jetta
@bromariomarconi …
@bromariomarconi its an old model from 80 or 90 in the west.but in china its very popular nearly in every city you will find this as a taxi.
@xXAbdulBaqiXx
…
@xXAbdulBaqiXx
Yeah that’s obvious. I asked because there’s no vw cars like that one in europe. I found it and I’m sure it’s chinese jetta!
@bromariomarconi Vw …
@bromariomarconi Vw car.
Hey guys. Could …
Hey guys. Could anyone tell me what’s that car in 1:20?
@A1R5N1P3R Indeed, …
@A1R5N1P3R Indeed, and that violates the international law on housing rights which also states that those who have to leave by govt. must given a alternative in housing. China neglect massively this international law.. Then, Reuters brings news in the wrong context. Ordos is for decades a ghost town, so long before China’s economy slows down.
China has no longer …
China has no longer China Communist Party. It has China Capitalist Party.
@shabut In that …
@shabut In that area…………. Are you forgetting that this is commie china we’re speaking about? The CCP can do anything they want. They can round up people and move them anywhere. What’s to say these cities aren’t part of a future popullation move?
@shabut There is …
@shabut There is something called reading comprehension, where you actually absorb that which your eyes gloss across. It’s not occuring with you.
and if you invest …
and if you invest 260 million dollars and slash prices by 70% one must assume they would be losing money. Unless the were expecting a 300% return on investment.
@A1R5N1P3R 3 …
@A1R5N1P3R 3 apartments to every one person…………….
If a jacket cost $3 …
If a jacket cost $3 to make, and you sell it for $90, even if you have a 70% off sale, you will still make a profit. Who’s to say that isn’t exactly what’s occuring in Chinese real estate? That early investors over paid, and the actual value of units is yet to be realized… For all we know, the CCP plans to force “slum” dwellers into buildings, to clear the slums for development.
May the Force be …
May the Force be with You !
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