Beijing has 50% more Vacant Housing than ALL the US

Discussion in 'Economy' started by JimBowie1958, Jun 7, 2012.

  1. JimBowie1958
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    JimBowie1958 Old Fogey

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    Beijing Alone Has 50% More Vacant Housing Than The US | ZeroHedge

    Is it really that bad over there? Or is something lost in translation? If true, this is a huge bubble popping.
     
    Last edited: Jun 7, 2012
  2. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Bubble popping?

    Even if this is true..which I doubt..China's a bit different then this country.

    If you don't have the money..you can't live in the big cities.

    This isn't unique to China by the way..most third world nations with nice urban areas keep the "riff raff" out.
     
  3. JimBowie1958
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    JimBowie1958 Old Fogey

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    Sallow, the Chinese government is trying to sustain their economy by commanding their private sector to continue building even wihen they have no demand for housing.

    All that happens is that they crate huge cities with few if anyone living in them that many refer to as ghost towns.

    Chinese ghost towns:
    Ghost towns of China: Satellite images show cities lying completely deserted | Mail Online

    Pics of these ghost towns:
    https://www.google.com/search?q=Chi...WNYHh0QGwhODMDQ&ved=0CFgQsAQ&biw=1536&bih=717

    This policy has apparently created a huge backlog of available housing in each of the cities as well.

    But I find the idea of nearly four million units unoccupied in just one city to be just mind boggling.
     
  4. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    You went from Bejing to another topic entirely.

    China's been playing "catchup" for quite some time now. Yep..they are building cities in areas where there were none before. And they are fully planned out..

    Some get filled up quickly..some don't.

    But you'd know what they were doing if you'd been there. China considers itself behind the rest of the world in terms of being a modern industrial nation. And this is their heavy handed way of rectifying that. Personally? I think it's not very well thought out. The people they expect to populate these modern cities are use to small village life. That was apparent at the EXPO I attended a few years ago. They don't wait in lines, they spit everywhere and are pretty crude.

    :lol:
     
  5. Unkotare
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    Unkotare Diamond Member

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    Lots and lots and lots of poor people live in China's big cities.
     
  6. Unkotare
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    Unkotare Diamond Member

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    Those are behaviors not at all from or limited to people from small villages. There are long standing habits that the government has been trying to discourage as they worry more about their international image (there was a very big anti-rudeness push prior to the Beijing Olympics).
     
  7. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    And they are being "pressured" to move out.

    A good example of that is Aberdeen Bay in Hong Kong. I was there before the Chinese took over..and after.

    Before they took over..there was a huge community of people that lived on boats in the bay. They were dirt poor. After the Chinese took over..they were gone.

    I've been to Shanghai several times..and each subsequent trip finds Shanghai more modern and with less poor people.
     
  8. Unkotare
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    Unkotare Diamond Member

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    No they're not. More and more poor people are moving from the countryside to big cities in search of jobs. The CCP is trying to keep them out of eyeshot from your tour bus, but they are there. Some have even taken to squatting in some of the newly built but empty housing in these big cities.
     
  9. Unkotare
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    Unkotare Diamond Member

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    And in fact, the on-going movement of people from China's countryside to the cities is one of the largest mass migrations in world history.
     
  10. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    China's Central Planing against American Central Bankers. Who will destroy their country FIRST?

    I'm betting on the Bankers in a squeaker.
     

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