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Chinese Ghost Cities 2.0
sLaps_Forehead
Brisbane, Queensland
6305 posts
hawzing brubble


11:16pm 04/03/13 Permalink
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11:16pm 04/03/13 Permalink
crazymorton
Brisbane, Queensland
3952 posts
they should lease those places out to Hollywood for movies.
11:18pm 04/03/13 Permalink
Whoop
Brisbane, Queensland
21496 posts
is that the chick from lamb chops?
11:41pm 04/03/13 Permalink
csirac
Brisbane, Queensland
2841 posts
Wasn't this reported on a few years ago and the places have since been populated? Or was that a different ghost town?
12:08am 05/03/13 Permalink
Nerf Lord
Brisbane, Queensland
7374 posts
I was just wondering that, googling this seems to indicate that this was only broadcast in the last 24 hours.

The previous city shown just seemed to take a few months to get populated, but seemed to be thriving sometime later (presuming, cynically, that it wasn't a propaganda piece).

Not sure what the implications would be, I'm presuming pretty bad for Australia, though at least on a pragmatic front, there's a s***load of houses for people in China now for when they come back down in price towards what they actually put into them in the first place...
12:15am 05/03/13 Permalink
Habib
Brisbane, Queensland
384 posts
Wasn't this reported on a few years ago and the places have since been populated? Or was that a different ghost town?


Al Jazeera went to Ordos in 2009, and then revisited it two years later. The conclusion: still quiet, but they're still building.

Incidentally, the Shangai Stock Exchange property index just went down 9% for the day, the sharpest drop since July 2008, as the government outlined their action plan to curb real estate investment (higher deposit ratios etc.)
08:28am 05/03/13 Permalink
Infidel
Netherlands
4038 posts
Isnt china fully loaded with Cash though so its not really a bubble?
08:43am 05/03/13 Permalink
sLaps_Forehead
Brisbane, Queensland
6306 posts
Yeah they have prolly the most severe wealth inequality in the world as well.

Like the story says the peasants on 2 dorrahs a day can't afford the $50k apartments.
09:04am 05/03/13 Permalink
Raven
Melbourne, Victoria
7724 posts
Whereas if Aussies could get their hands on $50k apartments we'd all be like "omg gimme!"
09:57am 05/03/13 Permalink
fpot
Gold Coast, Queensland
22365 posts
China would have gotten away with it as well if it wasn't for those pesky kids.
03:52pm 05/03/13 Permalink
SheerObesity
Melbourne, Victoria
82 posts
har har
04:26pm 05/03/13 Permalink
crazymorton
Brisbane, Queensland
3955 posts
Whereas if Aussies could get their hands on $50k apartments we'd all be like "omg gimme!"

Wonder how they feel about foreign ownership? Might grab me one of these and be set for life!
04:43pm 05/03/13 Permalink
Enska
Sydney, New South Wales
1953 posts
haha, quantity not quality, gotta love it.
04:58pm 05/03/13 Permalink
Tollaz0r!
Brisbane, Queensland
13377 posts
The part that I took as really odd from that story. Is that the middle class Chinese are still buying them up, surely they know by now they are empty?
They must be expecting the prices to rise based almost completely on the greater fool theory, that is someone else will be foolish enough to buy it at a higher price later on (they in turn think someone else will). As surely they cant see untenanted units as an income stream.


Also, how awesome would those ghost cities be for Zombie movies and post apocalyptic movies.

Chinese government should buy out 1 of the empty cities and lease it to Hollywood..
05:38pm 05/03/13 Permalink
fpot
Gold Coast, Queensland
22367 posts
Or they could just film in Detroit.
05:39pm 05/03/13 Permalink
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05:39pm 05/03/13 Permalink
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