Check Out A Ghost Town Of Deserted Chinese Mansions | Insider News

Farmers are growing crops and raising cattle in a "ghost town" built for millionaires. Developers broke ground on the project in 2010 but left 260 European-style homes unfinished, turning the luxury project into an eerie wasteland.

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Check Out A Ghost Town Of Deserted Chinese Mansions | Insider News

[rexcatston]

i dont know why someone super rich would want a mansion thats identical to 500 other people right next to them..
surely you'd want something better than your neighbors to subtly flex on them? Something at least a little bespoke?
Ironically the generic repetition makes the houses look cheap

[Tsukuyomi]

I guess many of you who are not Chinese may find it hard to understand how economics even carry out here. You see, all our land belongs to the government, that is to say, the concept "estate" is almost meaningless and all forms of ownership are "lease".

Most local governments (they are top-down controlled by the central government, which means locals cannot choose someone they trust to be their leader), they sell state-owned land to private real estate developers for fiscal revenue and those real estate developers build all kinds of "commercial" housing to sell to individuals, i.e., the government makes money from people through selling state-owned/people-owned land to them. This mode of economics is prevalent in the recent 30 years.

Before 1990s, however, there is no "commercial" housing for sale in cities because back then most population were accommodated in the countryside and those who lived and worked in cities were party officials and workers of state owned factories (people from the countryside were not allowed to live and work in the cities unless they acquire admission and this policy was not abolished until 2003); party officials and workers are considered as leaders and advanced social class of revolution (peasants are considered as "commoners" rather than "leaders" or "advanced social class" according to our Marxian theory. Peasant, I know it is a historical term in western history, but it suits the condition of Chinese people who lived and worked in the countryside in the 20th century) and their housing were distributed by the government.

Those who could enter universities at that time were also promoted as leaders and had the privilege to work in state owned corperations/governments and had their housing distributed after graduation. My father came from the countryside and studied very hard to enter the university and then he worked as an offcial (though he did not join the party as many others did) in a government department and had his housing distributed. But most people who stayed in the countryside were not so lucky. With the prevalence of the market economy after 1990s, commercial housing were allowed for them to buy with the money they earned in the city.

Perhaps now you could get a hint why there are so many ghost towns in China. Because our government could simply make money through selling land to build commercial housing and they do not care for the actual market demanding. Most Chinese people are paid with a salary of 4000 yuan (that's 500~600 $) a month but commercial housing price is more than 10000 yuan a square meter (for an apartment, not a “big” house). At present, the young generation can not afford the housing and much fewer choose to buy their own (it may seem strange to you but due to the conventional notion Chinese prefer to buying a housing instead of renting, though we do not actually own our housing legally). There is currently a crisis in the real estate market, and the government cannot make enough money to realize fiscal revenue. This has become the fuse of China's current economic crisis.

[cachecow]

Years ago I took a train from Shanghai to Hangzhou.
There was miles of empty apartment building.
And they just kept building

[kifacorea]

China's shallow obsession with Europe

[annaisiomaful]

Crazy considering how tiny their homes are 😢

[mussydesign]

even their mansions are stuck to one another

[rdapigleo]

Makes you wonder why homeless people don’t squat there? Free half-finished mansion! Imagine that in Collingwood? It would be full.
Not a diss on Collingwood by the way. Just a centrally located inner suburb with an existing homeless demographic.

[Red_Schuhart]

What rich person decides to live RIGHT next to their neighbours?

[ProPhile]

It’s my understanding that since construction is a big factor in measurement of GDP the building of these massive projects, like this life size replica of Paris, were meant to artificially boost China’s economic numbers as a show of strength to the outside world… meanwhile tens of millions of Chinese citizens are living in poverty. 🤦🏻‍♂️

[jrpcoins]

I would harvest all the chandeliers and make a profit

[lvill]

they are not mansions. a mansion is partnered with a wide space of your own with garden. that, is a pretentious building.

[LongNguyen-cenn]

Oversupply and little demand, causes this economic crisis.

[jasmines.]

Would make for a good apocalypse movie filmset

[loszhor]

Those cookie cut houses look really tacky tbh.

[Sir_Vantage]

The kind of rich people who want these houses also don't want their neighbors that close

[willcookmakeup]

What a waste of building materials and land

[LongNguyen-cenn]

If people would leave “well enough” alone, we wouldn’t have these problems.

[tcdahn]

We have over 10 million empty homes in the US.

[Datimation]

These houses look copy-pasted. I guess no rich people would want to live in such surroundings.

[Runner]

I like the aesthetic i would live in a place like that