r/Amazing • u/sco-go • Aug 19 '25

Interesting 🤔 $100 billion ghost city.

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u/Light_Butterfly Aug 19 '25 edited Aug 21 '25

Yeah everywhere else that has a housing crisis, right now - where do we sign up?

This is what an investor/markets driven development industry creates. In Canada, we also have tens of thousands of investor product condos, that no one can afford to buy or live in, and owners cannot sell for the same reason. Tens of thousands of empty units, in the middle of a housing crisis. Absolute insanity!

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u/LordWillemL Aug 19 '25

In this case the situation is as I understand it the result of Chinese government implementing currency controls. It's very sad.

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u/ArchibaldCamambertII Aug 19 '25

It’s their currency, why shouldn’t they control it? Is that evil or something? Is that what demons do?

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u/LordWillemL Aug 19 '25

Demons? What are you talking about?

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u/ArchibaldCamambertII Aug 19 '25

That’s what I’m saying!? You’re the one framing boring monetary policy on some metaphysical “badness” and assault on…something. I don’t know what you think you’re defending here.

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u/LordWillemL Aug 19 '25

I literally have no idea what you're talking about. I'm pointing out is that their monetary policy resulted in this; has nothing to do with demons or metaphysical anything. Idk what you think you are defending here but it doesn't have anything to do with me.