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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.
The Avengers. The Justice League. The X-Men. David Blaine. Our world is full of mythical beings endowed with powers and abilities far beyond those of mortal men. We gaze upon their herculean feats, marvel, and dream. But while we all wish we could fly or lift tons or shoot lasers from our eyes, we’re really […]
We all love home smart speakers like the Amazon Alexa. But as functional as this home assistant can be, it’s got one nearly indisputable flaw. The Alexa speaker itself just isn’t very good. Oh sure, for voice commands or asking questions or trying to order a pizza, the fidelity quality of the Alexa is fine. […]
We’ve all had the dream at some point. You walk to center stage, ax in hand…and you shred. Thousands of adoring fans drink in every note from your six-stringed hammer of the gods — and the applause and adulation is deafening. The life of a guitar hero and rock idol has been a dream of […]
