The Next Big Real Estate Bubble to Pop Will be in China? (Japan Inc. Redux?)
Real estate speculation in China is driving the creation of entire new cities as investments. Really, entirely new cities, the only problem is all the housing and business space has been built by real estate speculators. So what is the real heart of the problem? How about the fact that almost no one yet lives in these beautiful, new, and ultra modern cities, at least six of which have been identified so far.
Usually ghost towns occur at the end of a city or towns life cycle, not at the beginning…but apparently not in China.
Video story link: (sorry about the commercial)