No hot Asian chicks, but a nice look at residential real estate in China. Phuck those guys.
Like the US voting internal controls, the chicoms seemed to have engaged in some wishful thinking. Just like our dems and RINOs that allegedly voted to repeal economic gravity and rack up $34 trillion in national debt. I'll leave Buck to tell you why this is a good thing and nothing to be concerned about. Seems like a great set for a zombie movie though.
China’s Abandoned Levittown McMansions
Another dispatch from one of China’s ghost city developments, but this one with a twist: All the homes were theoretically designed for rich people, but I’m having a hard time figuring out why they would want them.
- More than 100 uncompleted McMansions sit in Shenyang City some 400 miles northeast of Beijing.
- They were “built by Greenland group, one of the more than 50 housing developers that have defaulted on their debt in recent years.”
- “Construction in 2010 but came to a halt a few years later.”
I know that China is a very different country indeed, but I can’t figure out why the developers thought that these McMansions, all made on the same floorplan and jowl by jowl next to each other on pretty small plots of land, would be appealing to the wealthy in the first place. The houses themselves are big and stylish enough in the 19th century French style they were aping, but the rich want land, space and differentiation, not to live between two houses exactly like their own on a small plot of land.
Yet another example of China’s inexplicable, wasteful policies…
Comments
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That bubble is popping. It will be interesting to see what kind of effect it has on US markets via contagion.
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People work from home. The residential and commercial marketplace is irrelevant and that market shrinking won’t have any impact on the economy at any level, be it municipal up to global, according to the guy who works for Amazon.
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Guys were not really talking finance again…..are we????? I think ive demonstrated you guys are playing checkers and im playing 4D chess
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You voted for a dementia patient and $34 trillion in debt, open borders and sky high energy prices. I'll take my 3 year old granddaughter in CandyLand over your mad skillz.
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Sooooo, you don't have a stock recommendation of your own that gained 16% in 24 hours is what you're telling me?
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No, I'm telling you that you are incapable of explaining your policy preferences that led you to vote for the dementia patient, $34 trillion in debt, open borders and sky high energy prices. I correctly predicted the Super Bowl and would have made 100% in 24 hours while still being able to explain why I didn't vote for a dementia patient, $34 trillion in debt, open borders and sky high energy prices. You suck at this.
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Got it, you don't really have anything to offer. What is it you say you exactly do with your life?
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R/Wallstreetbets has entered the chat I see.
I hear it's a good time to buy Hong Kong real estate.
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Great lets measure the return based on your recommendation and see how it goes! Start tomorrow at 6:30AM
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You didn't make anything as you didn't sell. Maybe you didn't buy either!
