Chinese Ghost Cities

[blankall]

Isn't there a law in China that says only one property per person, or something to that effect. If that's true, I imagine it would be pretty easy to sell properties by lifting that law.

[FlameOn]

Originally Posted by burn_this_city

What date is the launch scheduled for?

Wikipedia says it's set to lift off in 2012... but they've pushed this back so many times I don't know if it'll ever happen anyways

[TurnedTheCorner]

The demolition business in China should be booming in a few years though. That should help maintain the GDP growth.

[Rubicant]

Wow. So that's how their economy is doing so well! Seems pretty shortsighted though.

[Hack&Lube]

Originally Posted by blankall

Isn't there a law in China that says only one property per person, or something to that effect. If that's true, I imagine it would be pretty easy to sell properties by lifting that law.

No. There is no such law. China is rife with realestate speculation.

[FlameOn]

Originally Posted by blankall

Isn't there a law in China that says only one property per person, or something to that effect. If that's true, I imagine it would be pretty easy to sell properties by lifting that law.

There is a law in China that as a Chinese citizen, you can only visit casino and gambling cities once visit every 6 months. What was happening was massive numbers of rich people were going to Macau (Vegas of Asia) to gamble away their money every few weeks.

They also found a large number of state officials actually gambling away public funds. Arrested and executed a bunch of the worse cases (scratching the surface, found a few fall guys and swept the rest under the rug with a slap on the wrists). It helps a bit, not much though.

Nothing for property like you think though

[Fozzie_DeBear]

Originally Posted by iggyformayor

Can't see your pictures...

Fixed

[Winsor_Pilates]

Of course the castle is empty. Who builds a European style castile in China?

[REDVAN]

I love ghost towns. The fact these aren't deserted, they're just built and not inhabited is cool.

[TheyCallMeBruce]

Gwai-ah!