Ghost Town
January 3, 2011 5:26 PM Subscribe
This post was deleted for the following reason: GHOST CHINA 2: BOOHAN -- cortex
Shhh, don't tell anyone about the Chinese property bubble. We need China's economy to power the rest of the world for at least the next decade.
posted by KokuRyu at 5:34 PM on January 3, 2011
posted by KokuRyu at 5:34 PM on January 3, 2011
"Of the 35 major cities surveyed, property prices in eleven including Beijing and Shanghai were between 30 and 50 per cent above their market value, the China Daily said, citing the Chinese Academy of Social Sciences."
Um, isn't their price the actual market value?
posted by papafrita at 5:35 PM on January 3, 2011
Um, isn't their price the actual market value?
posted by papafrita at 5:35 PM on January 3, 2011
Sloppy writing - it is the Daily Mail, after all. Probably meant the historical market average over the previous decade.
posted by anigbrowl at 5:46 PM on January 3, 2011
posted by anigbrowl at 5:46 PM on January 3, 2011
Ummm, are they sure that those photos show what they say they show? As in, there may well be ghost cities but are google maps images the only source for these claims? Because pretty much any city looks dead when you take a still photo from outer space. I'm not trying to be facetious here: did I miss something?
posted by litleozy at 5:47 PM on January 3, 2011
posted by litleozy at 5:47 PM on January 3, 2011
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posted by oddman at 5:30 PM on January 3, 2011