Sunday, February 12, 2012

Shaky Foundations

Behold, what cheap and abundant fossil fuels have wrought:

Slate In Pictures: The World's Biggest Buildings

Meanwhile, Skyscraper Index Points To Trouble In China (Macrobusiness)

Also from Macrobusiness: Touring China's Ghost Coast:

Local people said, however, that no local people would ever buy them. Those are for northerners, they said. Asking local people on their views on when all these properties will be occupied, their answer is “never”.

While Ordos, Zhengzhou new district and others have been popularised in Western media as the “ghost cities” of China, a manifestation of the Chinese property bubbles, empty properties are easily found in China, none more so than China’s “Ghost Coast”.

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