When you demolish something you have to dispose of the waste. Think of all the materials used and manufactured, energy required for original construction, costs, etc. I see why they have pollution problems.
Inbreeding, narcotics overdoses or I have no idea? Such a waste of energy and materials. Seems dumb as it gets wastoid unless there is something more like the footing designs are faulty or something unsafe or unhealthy effusing.
That's such a brilliant idea ..but they're not doing it because food will become cheap..and they don't want that..the game is so rigged in their favour obviously 🙄
Those home are Tofu Building. They took money from the people first, then try to build things with the cheapest materials possible, instead of cement, they used sands mixed in that you can poke a hole into the wall with your finger. Basically a stun building for movie where a fight can break through wall and such.
@@Superpooper-2020 like chinese economy or like she ping pong or like manchurian army😉😂😂 Xi is begging for rice export from India, since recently India has banned the rice export, poor ccp & their peddlers🤣🤣
Housing should not receive so much financial leverage. THAT is the problem. If builders had to put up cash and get normal loans for their projects, no out of control projects would happen, or very few. Real estate developers get INSANE leverage for their projects, then just declare bankruptcy and start a new company debt free. This is how it works.
Blame Been. Your govt is not doing anything for its own people but have a lot of time,money and efforts trying to enforce US democracy in many countries. A good govt is suppose to serve and give benefits to its people. US govt is worthless,inutile govt.
@ht naku Americans should demand homes at budget pricing from the government. In India,we have Mhada scheme which makes such homes for budget conscious people. Not everyone needs posh costly homes at inital stage of life like starting a career and getting married.
You have low prices homes at the US. Go look around at rural areas. Another States. If you wanna stay in big cities then yes law of supply and demand you can barely get cheap ones on busy areas. The US give a lot of housing to many illegals. They should stop doing that. It encourages more people to come there illegally. But then again, democrats will allow it. 🤣
And what about the pollution and climate impact for the amount of concrete, etc. gone into building such useless structures in the very first place... Not to mention the impact that such demolitions caused. 😒😢😒😢😕
Humans are carbon based lifeforms we exhale carbon monoxide more than a car. Our sun that big bright ball of shining light in the sky is going through a 10000 year sunspot cycle. There's more evidence to prove that our SUN controls climate change then carbon emission. As the sun expands and gets bigger and hotter so do all the planets around it.
thats cuz china has been buying up a lot of properties here...if you ask me they should be fixing their property situation first before tampering with ours...
Very surprising to see China follow the USA 2008 model in housing. Housing markets must be properly regulated or else they will drag down the whole economy. Greed is common to all people and nationalities.
This is completely different from what happened in the US in 2008. This is far worse, but only for China. Luckily their financial system is closed off from the rest of the world because it's a giant scam. So only Chinese people will take the hit when their real estate market crashes. This is great news! 😁😂
Agree. The property sector is used by investors around the world to make quick money which they have been doing and thereby have been inflating the prices year by year. No wonder people around the world have been taken for a ride. In Canada there was a report that a person on average has to wait 30+ years to save up for a home!
@@arv-Hackney-London Show this report. Utter lies. Why didn't you say how many years it takes to buy a Chinese property instead of Canada. Is this video about Canada? And since when was it more expensive to buy a home in Canada than it is in New York or London? Utter rubbish.
The CCP nickel and dimes their own citizens terribly. Even fixing the traffic lights so they specifically get fined even when they have two or more lights on at the same time. Nucleic acid tests happen often. Nearly every day. Lockdowns are common and the residents can’t leave to get food or water. Sometimes there is none at all.
War and Peace go hand in hand. Construction and demolition. Re construction is part of business. Rich become richer. Know slavery is like blue colour in modern day. Education only for making money. Old wisdom lost. Most important is setting in life. Feel laughing. From early youth to old age, hard working for setting down. Mean time forget to live conscious. One day another one @ to heaven. Sorry to pen. Looking @ current situation round the world. 🙏
Many of these buildings are in ghost cities. No one lives there and there are neither services nor jobs. The builders often counted on the fact that no one was actually going to take physical possession, to not finish them: for example, no lifts or even stairs; used materials so shoddy you can break off bits with your hand.
Most of these buildings are sub-standard. Two of the reasons the empty ghost towns of China were built was to keep people employed and to generate properties to sell. You can find video on TH-cam showing empty towns in China where buildings are falling apart. Try searching "ghost towns in China" or "ghost towns falling apart in China."
Chinese people can’t have a lot of money in the bank or so I heard , so for them to have extra house or apartment means they are wealthy if you only have one or renting it means you didn’t achieve anything and not ready to settle down or get married
There are already more homes than people. But the institutional owners of these properties aren't letting that out so as to keep rents high. Many buildings are not fully occupied and existing and potential residents cannot know the occupancy rate.
The emperor, bro sorry to say ...but what I saw in San fransisco is heartbreaking...thousands of people are sleeping on roads and becoming drug addicts...so heartbreaking ( from orissa,India)
@@dr.sagarguru9356 I'm in San Diego. As for San Francisco, politicians need to get their act together from both sides. Can't say you are number one when people are sleeping on the streets
Suggest you watch "Rat Tribe" in China. Migrant Workers which hundreds of millions of them are considered as 2nd class citizen and they are not even in unemployed list when they are not working. China doesn't have homeless because police will grab people and shove them centers. Again, suggest you watch "Rat Tribe" in China since despite where they live, at least it is much better than those centers people got shove into.
One issue that nobody ever talks about is the Chinese cultural practice of either needing a perfectly new home or to make serious renovations when you move in. Nobody wants to be the first to move into a neighborhood because they’ll get no sleep for a year as the other flats fill out. Happened to me twice while I lived in Chengdu. Construction noise day and night. Chinese know that if they live in the investment apartment they bought, it’ll be seriously devalued compared to all the other pristine units.
Rima, I suspect Palki will join hands with Sudhir Chaudhary to create a new News channel. Yes, Palki will be known for her One-liners and dry Humour. But Molly is doing a good job in her own way.
A second thought is huge blocks where built at the same time. Where there mistakes that Compromised the structural integrity of the buildings. Just a thought.
Where has all the real estate money gone? I pity the hard-working middle class families who have put their life savings into these failed housing schemes. Chinese business people are such a crooked bunch, no honour and zero integrity and it has come home to roost and affect their whole nation.
One child policy is very wrong. Fight for budget options while raising kids instead of one child policy. Your kids will suffer heavily in his life from searching a life partner to marry to taking care of 4 parents.
She's living in her own. She thinks that she'd start afresh but she doesn't know where to begin. Probably, her husband gives a job in so-called "R-NDTV." No Offense, please!
I suspect Palki will join hands with Sudhir Chaudhary to create a new News channel. Palki will always be known for her One-liners and dry Humour, a rare quality in News Readers.
not in China, there are no homeless in China. Most of these buildings are 2nd or 3rd house investments because they were good investments. Well.. Not anymore.
Instead of tearing them down, China can invite people from all over the world, just as USA did with the visa lottery, and give them jobs and accommodations so they work and pay taxes for the country.
What is amazing is that 65% of the previous year's sales happened. Why would millions of Chinese buy a new home now? Are these just older projects that are being completed?
WOW! It seems to me that if these were part of China's GDP, a large chunk of that is just disappearing in front of their eyes. Surely demolished buildings would no longer be considered of any value to their country in any economic measure. In fact the loss of asset value would then cause a further reduction by the non-performing loans at the respective banks - a double blow to the GDP. Sure sounds like a house of cards...l 😮
I heard about China empty home like 20 years already now they have 50 million home empty! At least they are improving their empty homes numbers as years goes by! Better than US having homeless ppl on the street!
And how big is the Chinese population? Earlier construction even if the finished properties are un-inhabited offers future value. They were constructed when cost of labour and material were much lower.. Try to build the same today and the cost could have easily tripled. Do they really need to tear down buildings that could easily last a hundred years?
Many are unfinished and were never water tight. Continuing exposure to rain, wind and sun causes deterioration and weaknesses that can not be repaired. Additionally, to save money many of these buildings were built with unsafe concrete mixes. It is easy to gouge out concrete with just your fingernails. Entire stairways collapse because the concrete can not support them. It is a Ponzi scheme. They need to stop any new building and reset with a new financial system of purchase and ownership as well as strict enforcement of safety codes.
No match for palki sharma Wion must bring palki back she was outstanding presentation... I stopped watching Gravitas and wion after palki left .... We all miss palki sharma upadhyaya!!!!
You know something's wrong when the government with one of its mandate is to provide you a home would selfishly rather destroy a would be home that it can give for you.
Im pretty sure they said the homes arent done, so they lack necessary amenities to actually live in them. One earthquake and it’s a huge mess, so better to demolish in a controlled way then let them kill people in an accident later. Then again, I’m totally guessing
they could just give some of it to orphanages and poor people .. they could convert it to alot of things, why demolish... it hurts to see this kind of waste happening
The real question shouldn’t be where is the money going to come from but where did all the money go. Ten years of paying toward a home and it isn’t finished? I mean it couldn’t have all gone to luxury homes in Canada, the UK, Australia and Switzerland could it?
This is one of the proof that basic economy doesnt work. When supply is high and price is reduced, suppliers would just destroy their supply rather than selling it with low price or for free.
The best thing to do in such a scenario is to go for public auction of such half completed projects and get whatever little gain one can make in such circumstances. Something is better than nothing. At least CCP government should intervene to buy at a throwaway price and complete such projects with government funds at an easy pace, and thereby ensuring that there is no oversupply of houses at any time.
I hope the Indian government doesn’t get convinced by corporates on multiple home buying and rental business model, common Indian citizen will never be able to afford a flat and die renting.
@@Superpooper-2020 with such level of lack of awareness as yours it's no wonder china is going bust ! Just be careful while accessing YT coz ccp thugs will maul your arse if they caught you. 😆😆😆
Isaiah 14 3. The Lord will give the people of Israel (a.k.a black people) relief from their pain and suffering, and from the hard work they were forced to do. 4. When he does this, they are to mock the king of Babylonia and say:“The cruel king has fallen! He will never oppress anyone again! 6. who angrily oppressed the peoples and never stopped persecuting the nations they had conquered. 9. “The world of the dead is getting ready to welcome the king of Babylonia. The ghosts of those who were powerful on earth are stirring about. The ghosts of kings are rising from their thrones. 22. The Lord Almighty says, “I will attack Babylon and bring it to ruin. I will leave nothing - no children, no survivors at all. I, the Lord, have spoken. 23. I will turn Babylon into a marsh, and owls will live there. I will sweep Babylon with a broom that will sweep everything away. I, the Lord Almighty, have spoken.” 24. The Lord Almighty has sworn an oath: “What I have planned will happen. What I have determined to do will be done. Jeremiah 50 40. The same thing will happen to Babylon as happened to Sodom and Gomorrah, when I destroyed them and the nearby towns. No one will ever live there again. I, the Lord, have spoken. 42. They have taken their bows and swords; they are cruel and merciless. They sound like the roaring sea, as they ride their horses. They are ready for battle against Babylonia. 43. The king of Babylonia hears the news, and his hands hang limp. He is seized by anguish, by pain like a woman in labour. 45. So listen to the plan that I have made against the city of Babylon and to what I intend to do to its people. Even their children will be dragged off, and everyone will be horrified. 46. When Babylon falls, there will be such a noise that the entire earth will shake, and the cries of alarm will be heard by the other nations.”
Too many apartments and buildings and ghost cities with no demand. Very low price. So they are reducing the options to get the right price for the remaining ones.
The railway bubble in china is several times bigger than the real estate one, but that is still manageable as they can simply shutdown all non profitable lines.
This is not about real state sector, rather this is about Chinese understanding of economics. I am a medical doctor, a pathologist, not an economist. But born in a Baniya family, I presume I understand basics of economics. An investment in property pushes the economics only as long as it full fills requirements of the family. Any additional property is profitable to the buyer only when there is a further buyer. If for some reason or the other this chain of buying and selling brakes, property becomes a dead asset and a burden. Because, unlike cash and gold it can not be mobilized easily with resultant loss of liquidity. Unfortunately Chinese public kept all the eggs in one basket and is now feeling the crunch. Similarly, Chinese state invested too much in 'not-much- needed' infrastructure projects; ,you can not go on developing infrastructure that you do not really need; infrastructure can not used as a show piece to promote window shopping.
Gravitas use to be good but I feel like these days they just one sided talking about China and US failing and how Russia is doing well. Maybe they should start giving us local news lol
India will also face similar issues if govt doesn't bring some laws or motivate builders to build more schools/colleges/hospitals/transport stations instead of homes.
We don't need more schools in India but upgrade the infrastructure of the existing ones. The reality is that students in schools are decreasing since we reached peak child population in 2008. Except for UP, Bihar, Jharkhand and Mizoram all other states have started seeing a decline in school going kids. The investments are needed in building more hospitals now as the numbers of elderly is rising fast and we will start seeing a population decline by 2045.
@@AjayTiwari-en9nz Thats a very "govt" figures. In rural areas a village will have ~500 homes and for that there will be separate primary school, middle school, high school. Thats more than enough. But in urban towns and cities especially big cities population to school ratio is very less. Each school in urban cities are accomodating more than 1000 children. Can you imagine the quality of education they will be getting if a school has 1000 children in an area of 1000 sq foot. These children dont have a play ground. They cannot even assemble together. Why do you think the schools fees is so high in big cities. Its because there are very few schools.
But this shows Chinas Prowess in Infra While in india , only top 5 % can afford to buy a house in cities In europe , the housing crisis is much worse We must learn the Infra technology from china
The 50 millions homes were probably not even finished at all, just the bare concrete wall. No electrical, water or sewer hook up at all. Heck i saw one video where the "owner" of an apartment could easily chisels through the concrete floor with no problem plus NO RE-BARS shown at all.
For most Chinese, real estate was the best investment. In China usually when something is trending or works they will go really, really hard. Real estate was one of those, there were so many buyers that those projects sold out before they started building. The demand was so high that those developers got greedy and rushed to make new projects, and many other developers followed the same trend to keep up with the competitor. The seeds were planted, and this loop of competition and greed all those developers were in caused the bubble to explode. In the end, they all bit off too much than they could chew.
Today I watched a TH-cam clip from Hong Kong. The theme was that ' India had surpassed UK as the fifth strongest economy in the world. India is the winner'. Why can't this channel be more broad-minded, be in a neutral stance, instead of slandering China every day? I have never seen any Chinese channels badmouth India every day.
I'm not sure Gravitas concentrates just on China. I watch a lot of Gravitas broadcasts, and they cover unreported stories from all over the world. I think in truth, that is what makes Gravitas a good channel : they cover topics that are rarely covered by other media sources, and they do so with context. They look at a topic and report upon it in its own context. A very educational approach, IMO. And they are not biased : they give the facts and let the viewer draw conclusions, rather than providing some kind of 'narrative', or slanted perspective. No media source is infallible, but personally I do like the very clear and polished presentation style of both the young women who present the Gravitas reports. Nothing speaks more clearly of a decent education, than young women like the two Gravitas presenters, both of whose style is elegant, calm and lucid.
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When i think about the waste of good quality sand and the emision of huge amounts of CO2 as a result of concrete production it makes me sick.
So true. Breaks my heart to see such precious resources go to waste 😭
And wasted steel reinforcement if they bothered to use any
@@again5162 😄, good one. Well, steel can be recycled, altough again with much CO2 production.
🤒🥵🤒
CO2 is 0.04% of make up of air. It's an environmental Heidi. If CO2 was high plants would take over. Still it's wasteful and the steel wool be weak
When you demolish something you have to dispose of the waste. Think of all the materials used and manufactured, energy required for original construction, costs, etc. I see why they have pollution problems.
Earths percious resources are being wasted criminally.
Why not repurpose the buildings such as vertical gardens for food production.
Most of the buildings are shells with no services.
Greedy humans. That's why
Welcome to China. Here why when how have no answers.
Inbreeding, narcotics overdoses or I have no idea? Such a waste of energy and materials. Seems dumb as it gets wastoid unless there is something more like the footing designs are faulty or something unsafe or unhealthy effusing.
That's such a brilliant idea ..but they're not doing it because food will become cheap..and they don't want that..the game is so rigged in their favour obviously 🙄
Can't digest seeing this news with millions of Homes being build and demolished. Too much money makes them behave like this ??!!!
Business b4 and after all war, calamities.
Rich gets more richer. This is order of the day.
Those home are Tofu Building. They took money from the people first, then try to build things with the cheapest materials possible, instead of cement, they used sands mixed in that you can poke a hole into the wall with your finger. Basically a stun building for movie where a fight can break through wall and such.
And meanwhile people have no where to live. They could not complete them because there is no profit in it for them. Disgusting
The more money u have the more creative u get
This is like the Tulip mania, people buy these houses just to expect them to rise and sell them to the next fool.
She is doing a great job. I like her a bunch.
@@johnlewis9631 😂😂 you know that this is a new channel right,
😐
I need Palki back😭
@@rbb9369 me too kid
Where's Palki I liked her style more
How many are missing Palki Sharma in New’s 😢😢
For real i just can accept it thos anchor is so boaring and cant even used tecnical words and fluidity as palki 😭😭 its really upsetting
I miss her humor
She is dead
@lakeside She Resigned .
Reason channel owner were afraid of her. popularity 😂😂
@@Superpooper-2020 like chinese economy or like she ping pong or like manchurian army😉😂😂
Xi is begging for rice export from India, since recently India has banned the rice export, poor ccp & their peddlers🤣🤣
Housing should not receive so much financial leverage. THAT is the problem. If builders had to put up cash and get normal loans for their projects, no out of control projects would happen, or very few. Real estate developers get INSANE leverage for their projects, then just declare bankruptcy and start a new company debt free. This is how it works.
I wish we had affordable prices for Houses and Apartments in the U.S big cities
You can always buy a mobile home.
Blame Been. Your govt is not doing anything for its own people but have a lot of time,money and efforts trying to enforce US democracy in many countries. A good govt is suppose to serve and give benefits to its people. US govt is worthless,inutile govt.
@ht naku Americans should demand homes at budget pricing from the government.
In India,we have Mhada scheme which makes such homes for budget conscious people.
Not everyone needs posh costly homes at inital stage of life like starting a career and getting married.
In Australia, house prices are astronomical.
You have low prices homes at the US. Go look around at rural areas. Another States. If you wanna stay in big cities then yes law of supply and demand you can barely get cheap ones on busy areas. The US give a lot of housing to many illegals. They should stop doing that. It encourages more people to come there illegally. But then again, democrats will allow it. 🤣
Palki I imagine you delivering this news with that sharp lethal attitude.
Right
Hope she crops up somewhere.....
Palki Sharma has resigned from WION. She quoted this on her Twitter
And what about the pollution and climate impact for the amount of concrete, etc. gone into building such useless structures in the very first place... Not to mention the impact that such demolitions caused. 😒😢😒😢😕
Humans are carbon based lifeforms we exhale carbon monoxide more than a car. Our sun that big bright ball of shining light in the sky is going through a 10000 year sunspot cycle. There's more evidence to prove that our SUN controls climate change then carbon emission. As the sun expands and gets bigger and hotter so do all the planets around it.
50 million empty homes is good problem to have. In the US we have the opposite problem. Too many people and not enough affordable homes.
stilll 40% of Chinese live in property, they have a worse problem than the us
Wasting resources is not a good thing.
No it's not good. It's a sign that Ccp thinks tall buildings means development....
thats cuz china has been buying up a lot of properties here...if you ask me they should be fixing their property situation first before tampering with ours...
China is more than 1 billion population and usa has 1/3 of china...how usa has "many" people
Who else missing P.Sharma for these kind of analysis report???
Molly is doing a good job as well.
Move on dear. Ms Palki was palki but so is ms Molly. She too is doing well
@@Clearandhonest may be ..but you can't replace anyone else for her vast knowledge and energy
@@jajenthiran you are right . None can replace anyone. But we need to accept change dear. I am sure we all can give chance to Ms Molly as well.
@@Clearandhonest I agree with you 💯 cheers 🍻
Very surprising to see China follow the USA 2008 model in housing. Housing markets must be properly regulated or else they will drag down the whole economy. Greed is common to all people and nationalities.
This is completely different from what happened in the US in 2008. This is far worse, but only for China. Luckily their financial system is closed off from the rest of the world because it's a giant scam. So only Chinese people will take the hit when their real estate market crashes. This is great news! 😁😂
Agree. The property sector is used by investors around the world to make quick money which they have been doing and thereby have been inflating the prices year by year. No wonder people around the world have been taken for a ride. In Canada there was a report that a person on average has to wait 30+ years to save up for a home!
Greed is more dangerous when practiced by a communist
@@arv-Hackney-London Show this report. Utter lies. Why didn't you say how many years it takes to buy a Chinese property instead of Canada.
Is this video about Canada? And since when was it more expensive to buy a home in Canada than it is in New York or London?
Utter rubbish.
2008 was a mortgage crisis, not a housing crisis.
Only news channel to show reality and news with potential! Difference between India and China well explained!
If I never watch this channel I would be like alot of people and think china is batter lol then everyone
The CCP nickel and dimes their own citizens terribly. Even fixing the traffic lights so they specifically get fined even when they have two or more lights on at the same time. Nucleic acid tests happen often. Nearly every day. Lockdowns are common and the residents can’t leave to get food or water. Sometimes there is none at all.
@@djkutz252 firstly correct spelling better* then come to patronize others. ..lol
War and Peace go hand in hand.
Construction and demolition. Re construction is part of business.
Rich become richer. Know slavery is like blue colour in modern day. Education only for making money. Old wisdom lost.
Most important is setting in life. Feel laughing. From early youth to old age, hard working for setting down.
Mean time forget to live conscious. One day another one @ to heaven. Sorry to pen. Looking @ current situation round the world. 🙏
Poor weak vulnerable 3rd world 🇮🇳 is substantially envious towards 🇨🇳
🇮🇳 still live in slum 📦 📦 📦 s
I love Wion and I'm wery wery impressed with Grawwitas.
Let people live in these apartments free of cost or very nominal cost instead of demolishing them
Knowing humans, they will demolish or keep it empty till it falls by itself but won't simply "let people live free of cost" greed>humanity
That's not possible
Everyone knows it
Harsh reality
No homeless in China. Everyone has home
Many of these buildings are in ghost cities. No one lives there and there are neither services nor jobs. The builders often counted on the fact that no one was actually going to take physical possession, to not finish them: for example, no lifts or even stairs; used materials so shoddy you can break off bits with your hand.
You don’t understand that they were not finished.
Time for ppl to live together again with families. 👍🏽💡💡. MAKE LIFE AFFORDABLE.
this is the problem in China, people live together because everything is so expensive
Chinaa feeeds inddia
@@Superpooper-2020 🙄 something wrong with u dude just google production of food grains in India and it's consumption and import 🤦
@@Superpooper-2020 Chinaa eaaats gutterr oil
What danger do empty properties pose?
Why demolish.
An threat to economics
Sure aka blacks
Most of these buildings are sub-standard. Two of the reasons the empty ghost towns of China were built was to keep people employed and to generate properties to sell. You can find video on TH-cam showing empty towns in China where buildings are falling apart. Try searching "ghost towns in China" or "ghost towns falling apart in China."
Chinese people can’t have a lot of money in the bank or so I heard , so for them to have extra house or apartment means they are wealthy if you only have one or renting it means you didn’t achieve anything and not ready to settle down or get married
Just hire a contractor to finish them. I don't know but somehow that's a waste of money.
It would be amazing if that happened here in the USA...more homes than people
There are already more homes than people. But the institutional owners of these properties aren't letting that out so as to keep rents high. Many buildings are not fully occupied and existing and potential residents cannot know the occupancy rate.
The emperor, bro sorry to say ...but what I saw in San fransisco is heartbreaking...thousands of people are sleeping on roads and becoming drug addicts...so heartbreaking ( from orissa,India)
@@dr.sagarguru9356 I'm in San Diego.
As for San Francisco, politicians need to get their act together from both sides. Can't say you are number one when people are sleeping on the streets
So that means the housing crisis is a hoax
Government could’ve donated it to homeless
China dont have homeless.
You will also never see a panhandler in a Chinatown. Not a successful one anyway.
2:16 "there are more homes than people who need them", the reporter's words, not mine.
Suggest you watch "Rat Tribe" in China. Migrant Workers which hundreds of millions of them are considered as 2nd class citizen and they are not even in unemployed list when they are not working.
China doesn't have homeless because police will grab people and shove them centers.
Again, suggest you watch "Rat Tribe" in China since despite where they live, at least it is much better than those centers people got shove into.
People who don't understand economics say stuff like this. Educate yourself bro 🤚
@@shivamthakur1176 How does it affect the economy? This is a genuine question can you please elaborate?
One issue that nobody ever talks about is the Chinese cultural practice of either needing a perfectly new home or to make serious renovations when you move in. Nobody wants to be the first to move into a neighborhood because they’ll get no sleep for a year as the other flats fill out. Happened to me twice while I lived in Chengdu. Construction noise day and night. Chinese know that if they live in the investment apartment they bought, it’ll be seriously devalued compared to all the other pristine units.
is it you're first time living in a developing city? lol
Does not make any sense to me.
I’m confused
China and its culture is just so toxic
Bubble burst
Same thing happening in Kolkata Shapoorji Pallonji Rajarhat- largest mass housing project of India.
@@piranha3037 are you having weed .. nothing is empty in Rajarhat
Missing Palki Sharma Upadhyay! This woman is great, don't get me wrong! But she was something else! 🔥
Rima, I suspect Palki will join hands with Sudhir Chaudhary to create a new News channel. Yes, Palki will be known for her One-liners and dry Humour.
But Molly is doing a good job in her own way.
Palki Sharma resigned from WION.
Check her Twitter
China has too many homes and is demolishing many, the US doesn’t have enough and people are living on the streets, smh 🤦♂️
Not true US have alot of homes but they are so expensive ppl can’t afford
US has many homes that are vacant. All of those are for rent only, not for sale. They built to squeeze peoples money for long term. Real Estate baby
Millions of Chinese are poor and many live on the streets.
My friend used to work in China and there were lots of beggars and homeless on the streets.
Such a waste of resources. And they have the audacity claiming that they're good at doing business? My foot!
See, China is good of deceiving you. They put up all these white elephant projects letting you think of them everything is alright.
Communism at its best
Makes me ill beyond sickening
A second thought is huge blocks where built at the same time. Where there mistakes that Compromised the structural integrity of the buildings. Just a thought.
But why demolish? I don't get that bit.
they want to ensure that house price does not collapse because of over-supply
Where has all the real estate money gone? I pity the hard-working middle class families who have put their life savings into these failed housing schemes. Chinese business people are such a crooked bunch, no honour and zero integrity and it has come home to roost and affect their whole nation.
That's why I laugh when china foods 🤣 they deserve it no remorse and no hard feelings
Too greedy these peoples
Xi Pingpong will enjoy his holidays there.
Winnie the Pooh dictator
@@Surrenderarmy 😁😁😁😁
@@subhodipbanerjee6699 Pooh bear...
We need one child policy in Vancouver. Imagine a place where you can find an apartment or house in no time. Heaven
One child policy is very wrong.
Fight for budget options while raising kids instead of one child policy.
Your kids will suffer heavily in his life from searching a life partner to marry to taking care of 4 parents.
Where is Palki she did a better job reporting than the current anchor, no offence. ✌️🕊️💯✅
She's living in her own. She thinks that she'd start afresh but she doesn't know where to begin.
Probably, her husband gives a job in so-called "R-NDTV." No Offense, please!
I suspect Palki will join hands with Sudhir Chaudhary to create a new News channel. Palki will always be known for her One-liners and dry Humour, a rare quality in News Readers.
Don't watch get out
Great reporting! Thanks!
Inhumane! When so many are in deep need. 🙄
not in China, there are no homeless in China. Most of these buildings are 2nd or 3rd house investments because they were good investments. Well.. Not anymore.
@Mr.Beant there are homeless everywhere in world but ccp will not show real data
@@rashius meaning all rich and middle income people have home we don't count poor people.
@@rashius i dont think so. if US which is much richer has homeless. how came china don't.
They were not real homes to begin with, just shells without plumbing, electric, stairs etc, just built for investments, a Ponzi scheme.
The higher you go, the harder the fall..
What happen to the other gravitas news anchor?
Palki has moved on. I'm sure she is in high demand.
When it comes to the strange headlines from this country, I always have the same yet-to-be-answered questions -
Whyyyyyyyyyyyyyyyyyyyyyy?!
Instead of tearing them down, China can invite people from all over the world, just as USA did with the visa lottery, and give them jobs and accommodations so they work and pay taxes for the country.
99% 0f Inddians 0nly make a d0llar a day
No, China won't accept multiculturalism like the West has. Neither will Japan.
China are not accommodating like America & Europeans , they hate blacks & show it , the freedom people enjoy in Western world does not exist in China.
Good Idea
Who in their right mind would go there ?😂
Why don't they auction them! Or give them to poor people.
Perfect, 38 million Canadians have free housing and can move there 😂
@@alkdjfhgks1919 A Canadian is someone who has been invited to live on the great lands of our First Nations people.... that's a Canadian 🇨🇦
Who wants to be a slave of Xi and the CCP? Also Chinese hardly speak English.
At least knowing that abundent of houses in China instead of million sleeping on the street in India. Do your homework first.
Well that sounds like the answer to all this immigration
What is amazing is that 65% of the previous year's sales happened. Why would millions of Chinese buy a new home now? Are these just older projects that are being completed?
The real reason is that the builders are siphoning off the mortgage cash for the govt to use for special projects overseas.
Omg! What a waste of resources and the negative impact on the environment during the construction of and production of the building products.
WOW! It seems to me that if these were part of China's GDP, a large chunk of that is just disappearing in front of their eyes. Surely demolished buildings would no longer be considered of any value to their country in any economic measure. In fact the loss of asset value would then cause a further reduction by the non-performing loans at the respective banks - a double blow to the GDP. Sure sounds like a house of cards...l 😮
very clear speech. than you!
Austrian Economics predicted this.
I can see a clear difference between this news reader to palki Sharma. The way of presentation is completely different.
No one can replace Madam Palkisharma..❣️❣️
Well go and say that at other videos of Palki pls. Show respect to the one on this video. Smh
Wow. The repeating in this report was unbelievable.
Palki does it better
I heard about China empty home like 20 years already now they have 50 million home empty! At least they are improving their empty homes numbers as years goes by! Better than US having homeless ppl on the street!
And how big is the Chinese population? Earlier construction even if the finished properties are un-inhabited offers future value. They were constructed when cost of labour and material were much lower.. Try to build the same today and the cost could have easily tripled. Do they really need to tear down buildings that could easily last a hundred years?
Many are unfinished and were never water tight. Continuing exposure to rain, wind and sun causes deterioration and weaknesses that can not be repaired. Additionally, to save money many of these buildings were built with unsafe concrete mixes. It is easy to gouge out concrete with just your fingernails. Entire stairways collapse because the concrete can not support them. It is a Ponzi scheme.
They need to stop any new building and reset with a new financial system of purchase and ownership as well as strict enforcement of safety codes.
No money no honey!
We miss Palki she should have delivered this news with precise pointers.
Give her a chance too!
Just watch for few more weeks she'll exchange positions
Imagine your teacher always ignores you and tells that the topper of the class deserves everything and not you. 😂 Cry then bozo.
No match for palki sharma
Wion must bring palki back she was outstanding presentation...
I stopped watching Gravitas and wion after palki left ....
We all miss palki sharma upadhyaya!!!!
It’s Baby Palki
They demolished them because they had no plumbing or electrical, just concrete and metal shells that looked good at a glance.
So like India house in the slump but beter
Oh yeah this is an idea to maintain GDP every year 😂😂😂
Build useless towers off of your citizen’s dime only to tear it down and increase some phony GDP number
What a sinful waste of just everything. I hate seeing all this construction just demolished. This waste is the real catastrophe.
You know something's wrong when the government with one of its mandate is to provide you a home would selfishly rather destroy a would be home that it can give for you.
People don't want most of them - they're unlivable, unsafely built and they're out in remote ghost towns.
Im pretty sure they said the homes arent done, so they lack necessary amenities to actually live in them. One earthquake and it’s a huge mess, so better to demolish in a controlled way then let them kill people in an accident later. Then again, I’m totally guessing
This is also the same gov't which uplifted a billion people out of poverty, they know what they're doing so be quiet genius wannabe
In the depression government and farmers colluded to destroy products and leave them to rot with a country of hungry people.
they could just give some of it to orphanages and poor people .. they could convert it to alot of things, why demolish... it hurts to see this kind of waste happening
Empty doesn’t mean unsold
The real question shouldn’t be where is the money going to come from but where did all the money go. Ten years of paying toward a home and it isn’t finished? I mean it couldn’t have all gone to luxury homes in Canada, the UK, Australia and Switzerland could it?
Solution - Get rid of the One China Policy!
Reason India's RE market revived was because of Rera and DeMon.
Give that to poor people instead of destroying it
Such a beautiful woman and excellent newscaster as well.
Paul Von, she is Molly Gambhir and is the replacement for Palki Sharma who was hugely popular worldwide with her One-liners and dry Humour.
That's crazy 🔥
No one lives in these homes because 87% of home owners own at least 2 properties .. these ghost cities had mainly become speculative investments
This is one of the proof that basic economy doesnt work. When supply is high and price is reduced, suppliers would just destroy their supply rather than selling it with low price or for free.
That's not basic economy then.
The best thing to do in such a scenario is to go for public auction of such half completed projects and get whatever little gain one can make in such circumstances. Something is better than nothing. At least CCP government should intervene to buy at a throwaway price and complete such projects with government funds at an easy pace, and thereby ensuring that there is no oversupply of houses at any time.
I hope the Indian government doesn’t get convinced by corporates on multiple home buying and rental business model, common Indian citizen will never be able to afford a flat and die renting.
Thank you WION
Thats good karma karma karma! Greedy and selfish people
Chinaa feeeds inddia
@@Superpooper-2020 with such level of lack of awareness as yours it's no wonder china is going bust !
Just be careful while accessing YT coz ccp thugs will maul your arse if they caught you.
😆😆😆
You know the developers made a fortune.
Where is palki ? :(
Isaiah 14
3. The Lord will give the people of Israel (a.k.a black people) relief from their pain and suffering, and from the hard work they were forced to do.
4. When he does this, they are to mock the king of Babylonia and say:“The cruel king has fallen! He will never oppress anyone again!
6. who angrily oppressed the peoples and never stopped persecuting the nations they had conquered.
9. “The world of the dead is getting ready to welcome the king of Babylonia. The ghosts of those who were powerful on earth are stirring about. The ghosts of kings are rising from their thrones.
22. The Lord Almighty says, “I will attack Babylon and bring it to ruin. I will leave nothing - no children, no survivors at all. I, the Lord, have spoken.
23. I will turn Babylon into a marsh, and owls will live there. I will sweep Babylon with a broom that will sweep everything away. I, the Lord Almighty, have spoken.”
24. The Lord Almighty has sworn an oath: “What I have planned will happen. What I have determined to do will be done.
Jeremiah 50
40. The same thing will happen to Babylon as happened to Sodom and Gomorrah, when I destroyed them and the nearby towns. No one will ever live there again. I, the Lord, have spoken.
42. They have taken their bows and swords; they are cruel and merciless. They sound like the roaring sea, as they ride their horses. They are ready for battle against Babylonia.
43. The king of Babylonia hears the news, and his hands hang limp. He is seized by anguish, by pain like a woman in labour.
45. So listen to the plan that I have made against the city of Babylon and to what I intend to do to its people. Even their children will be dragged off, and everyone will be horrified.
46. When Babylon falls, there will be such a noise that the entire earth will shake, and the cries of alarm will be heard by the other nations.”
I CANNOT UNDERSTAND, HOW DEMOLISHING BUILDINGS WILL IMPROVE THE ECONOMY. CAN ANYONE PLEASE EXPLAIN?
Too many apartments and buildings and ghost cities with no demand. Very low price. So they are reducing the options to get the right price for the remaining ones.
@@QuantumCosmos2.0 how about just boarding up the lower levels and put a vacant sign up until thigs never get better...
@@cutratecontractor1000 Nah it didn't work for so long and that's why they deemed it as dead investment.
"China has no demographic problem" 😅🤣😂😂🤣😂🤣😂😅
And USA has an epidemic of homeless people. Send them some of those buildings as aid.
The railway bubble in china is several times bigger than the real estate one, but that is still manageable as they can simply shutdown all non profitable lines.
50 million homes empty.....
Perfect for homeless family migrants from SEA and India.
Now we just need to convince the government AND the people there.
Do they at least recycle the concrete
That’s a large no of houses
I can't understand her English ,it's diffcult compared to Palki, high range of English moolly
If you listen to her for a while you will get used her voice.
This is not about real state sector, rather this is about Chinese understanding of economics. I am a medical doctor, a pathologist, not an economist. But born in a Baniya family, I presume I understand basics of economics. An investment in property pushes the economics only as long as it full fills requirements of the family. Any additional property is profitable to the buyer only when there is a further buyer. If for some reason or the other this chain of buying and selling brakes, property becomes a dead asset and a burden. Because, unlike cash and gold it can not be mobilized easily with resultant loss of liquidity. Unfortunately Chinese public kept all the eggs in one basket and is now feeling the crunch. Similarly, Chinese state invested too much in 'not-much- needed' infrastructure projects; ,you can not go on developing infrastructure that you do not really need; infrastructure can not used as a show piece to promote window shopping.
I love how indian channels make fun of other countries like everything is going right in india
They still bath in urine and s water…
@@tejindersingh7297 lol still they not forget to take bath, go to barbar and maintain some hygiene, unlike kacha smell gang you belong too..😙
When kacha wearing type dabbu sardar talk about economy and stability
@@shinytan bro u talk like sadak shap
@@hardeeps4159 🤣 that is what your new found fathers in Pakistan think of Sikhs...
Hi Gravitas, where is Palki? The new reporter is good too.
Can you guys plz give us news about India, this channel is always about US or China 🤦🏽♂️
@CNI - the Indians already know their problems; they want to know how the rest of the world is doing.
Gravitas use to be good but I feel like these days they just one sided talking about China and US failing and how Russia is doing well. Maybe they should start giving us local news lol
It is an international news channel.
India will also face similar issues if govt doesn't bring some laws or motivate builders to build more schools/colleges/hospitals/transport stations instead of homes.
We don't need more schools in India but upgrade the infrastructure of the existing ones. The reality is that students in schools are decreasing since we reached peak child population in 2008. Except for UP, Bihar, Jharkhand and Mizoram all other states have started seeing a decline in school going kids. The investments are needed in building more hospitals now as the numbers of elderly is rising fast and we will start seeing a population decline by 2045.
@@AjayTiwari-en9nz Thats a very "govt" figures. In rural areas a village will have ~500 homes and for that there will be separate primary school, middle school, high school. Thats more than enough. But in urban towns and cities especially big cities population to school ratio is very less. Each school in urban cities are accomodating more than 1000 children. Can you imagine the quality of education they will be getting if a school has 1000 children in an area of 1000 sq foot. These children dont have a play ground. They cannot even assemble together. Why do you think the schools fees is so high in big cities. Its because there are very few schools.
But this shows Chinas Prowess in Infra
While in india , only top 5 % can afford to buy a house in cities
In europe , the housing crisis is much worse
We must learn the Infra technology from china
Does not make any sense!!
The 50 millions homes were probably not even finished at all, just the bare concrete wall. No electrical, water or sewer hook up at all. Heck i saw one video where the "owner" of an apartment could easily chisels through the concrete floor with no problem plus NO RE-BARS shown at all.
Why the developers are taking such a huge projects when there are no funds with developers and buyers? Isn't it foolish things to do?
For most Chinese, real estate was the best investment.
In China usually when something is trending or works they will go really, really hard.
Real estate was one of those, there were so many buyers that those projects sold out before they started building.
The demand was so high that those developers got greedy and rushed to make new projects, and many other developers followed the same trend to keep up with the competitor.
The seeds were planted, and this loop of competition and greed all those developers were in caused the bubble to explode.
In the end, they all bit off too much than they could chew.
Where is Palki?
Today I watched a TH-cam clip from Hong Kong. The theme was that ' India had surpassed UK as the fifth
strongest economy in the world. India is the winner'.
Why can't this channel be more broad-minded, be in a neutral stance, instead of slandering China every day? I have never seen any Chinese channels badmouth India every day.
India is not Chinas mouth piece and China is not without reproach. Every critism about China is well warranted and factually correct.
I'm not sure Gravitas concentrates just on China. I watch a lot of Gravitas broadcasts, and they cover unreported stories from all over the world.
I think in truth, that is what makes Gravitas a good channel : they cover topics that are rarely covered by other media sources, and they do so with context. They look at a topic and report upon it in its own context. A very educational approach, IMO. And they are not biased : they give the facts and let the viewer draw conclusions, rather than providing some kind of 'narrative', or slanted perspective. No media source is infallible, but personally I do like the very clear and polished presentation style of both the young women who present the Gravitas reports. Nothing speaks more clearly of a decent education, than young women like the two Gravitas presenters, both of whose style is elegant, calm and lucid.
Truth hurts. Other nations fault sweets China.
@@gracec3418 yes truely said !.
Every news Gravitas presents eith clarity, most other news channels dare to
@@subramaniam9749 Sure - 'sweet China', where you have almost no control over your life at all.
There are huge demand n lack of housing IN city center.. but they kept building apartment in out of nowhere..
The solution is to sell to American college graduates who never have a chance of owning a home due to debt and skyrocketing inflation
my client just told me her company had to learn how to do joint ventures in nineteen eighties and we taught them. this world is out of control
Its great for GDP, right? People are busy, have jobs, salaries, pay taxes. Capitalism at its best, why complain?
this is comunism at its best
learn basics economics in this case the broken window fallacy
Is there a bubble?
Donate them to India . They have too many homeless.
@Ujwal Khopkar you guys take everything for free
There are many homeless in China too, wu mao
@@Surrenderarmy not as many as india
@@truthhurts4732 There are millions of homeless people in China.
@@truthhurts4732 China even tries to hide its poverty, 50 cent trash
just bring back Palki, pay her billions if needed!