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?
Absolutely, but I think you’re missing the point of my question. Is there any kind of large-scale demolition happening in China? Are these ghost cities real? If so, what happened that got us to this point?