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?
I couldn’t tell you, there’s no context given. If you have me a video of an apartment building being demolished in NYC without any context, I wouldn’t be able to tell you anything either. All you can do is speculate, and some others in here have some to offer. Maybe it’s faulty construction, maybe it’s unsafe, I don’t know. No, I wouldn’t say it happens as often as propaganda implies, because first of all, you don’t really know what is actually happening here, and second of all, it’s one video, there isn’t any implication that it’s happening everywhere. You could make a compilation of buildings being torn down in the US and come up with the same effect. The simple answer is, I don’t know, can’t really make any conclusions about it. If there were more information as to why it was taken down, where it was taken down, and what exactly was taken down, it’d be easier.