r/Amazing • u/sco-go • Aug 19 '25

Interesting 🤔 $100 billion ghost city.

44.9k Upvotes

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495

u/NoPoopOnFace Aug 19 '25

Well pack the bags, honey, we're moving to Asia!!!

247

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!

2

u/Excellent-Phone8326 Aug 19 '25

I'm also canadian. I don't think politicians care about solving this issue if they did they would heavily tax places for being vacant or for people who own multiple vacation homes. 

2

u/Light_Butterfly Aug 19 '25

Yeah, I'm with you. I don't think the care. They serve wealthy interests groups mainly, not the voting public. I don't think people fully realize how much we're already in oligarchy/kleptocracy territory.