Is there a real estate bubble in China? Pictures of empty cities do look scary. I heard the two side of the arguments. The bulls are saying that the empty cities will get filled by the millions of country side folks moving to the urban side. Other says the growth and debt explosion is unsustainable and it’s a bubble waiting to pop. Or can it be a mix of both? (The bubble pops and country side Chinese folks rush in to buy the distressed assets?)
Among the most interesting ghost cities are the replica of Paris and some English neighborhoods. Basically if you are homesick there’s a Parish near you without the traffic.
I have included a video and 15 pictures of the empty ghost cities.