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2:21 am Mon
Apr 18, 2011
Here's an Australian TV documentary about China's housing bubble which has given rise of bizarre ghost malls, ghost highrises, and even ghost cities. It's symptomatic of the growing divide between China's rich and poor, which has left many Chinese without adequate housing. Unlike the US bubble, the Chinese property bubble isn't founded on cheap credit, which makes the analyst hosting the show believe that it won't burst in the same way as American one.
China's Ghost Cities and Malls
Property developers in London built more than 1,900 luxury flats in 2018, the majority of which have so far failed to sell; all told, there are 3,000 luxury flats on the market, a high-water mark for a city whose property market was hijacked by offshore oligarchs and criminals who converted much of the housing stock […]
China's real-estate bubble is the largest in human history, and despite years of warning signs, it has grown and grown, spilling over into the rest of the world.
After 20 years of unprecedented lows, Canada's central bank is gradually raising rates; this, combined with strict rules on new loans, empty house taxes in overheated cities like Vancouver, and mandatory ownership disclosures (which keep money launderers out of the market) are depressing the Canadian housing market, and the prognosis is not good.
For all their amazing growth over the past 25 years, the most impressive thing about the monumental rise of Amazon might be the speed and sophistication of their lightning-fast delivery network. Sometimes it doesn’t even take 24 hours for the idea you ordered to be perched right on your front porch, ready for use. The […]
You could actually watch a Tyrannosaurus Rex walk down your street right now. And no, this isn’t the latest Jurassic Park sequel. Of course, it isn’t real either, just a Google recreation of some pretty realistic looking dinosaurs transplanted right into any environment around you courtesy of augmented reality. Yet it’s just another example of […]
A guy on the Apple discussion forum started a thread titled, “Why do your Charger Cables have the lifespan of a housefly?” That question is probably enough to elicit a whole bunch of head nods from virtually everyone reading this, whether you’re an iPhone user, an Android owner or have virtually any device that needs […]
