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Message Subject China to make Another Ghost City? Will Bulldoze 700 Mountains for it!
Poster Handle Anonymous Coward
Post Content
according to the video on page 1, it is the developers who are making money. (Chinese people really hate the developers. there is always a comflict between citizens who houses are destroyed by developers)
the average wage in China is $6000 a year. Yet the apartments for sale and the duplexes sell for $70,000 to 300,000. No one can afford them.
there are millions of housing units for sale and millions of Chinese who can't afford them.
there is a fear of a polarized society rich and poor causing a revelution.
They'd rather let those apartments deteriorate rather than selling them for cheaper. Sounds familiar.
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