I saw a video on Reddit showing the demolition of dozens of vacant high rise buildings in China. In addition to what you might expect, the comments alleged a “Ponzi scheme” in the housing market, and that some were still paying mortgages on the destroyed buildings. Any idea what’s happening on that front?
When China builds “ghost towns” they’re accused of ponzi scheming their GDP and when they destroy them they’re accused of ponzi scheming their GDP too!
Can’t fucking win with libs, they haven’t evolved past the “crafty Chinese” stereotype.
I have to point out something funny though (haven’t seen the video):
Would you prefer the buildings be full when they demolished them? x)
Really it could be a whole lot of reasons, off the top of my head I can find 10 reasons right now they would demolish those buildings before anyone had a chance to live in them.
Sure lol, but it sounds like a massive fuck up if they really are destroying whole cities they’ve built with no one ever living inside of them. What’s going on here? What’s the story behind all of this?