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?
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?