I don't get this??? I watched a documentary about Hong Kong and they literally live in a box and here in the Mainland China, 64 million empty apartments? SMH...
Look the one ruler two countries policy up, this and the overall wealth of Hongkong and it’s social policies will explain it. Also there is a language barrier between Hongkong and mainland china
Yes I saw a documentary too. They were in Hong Kong and living in actual cages. And it was not jail. And they were paying more money to live in the cage then to live in a fancy apartment. It was wild. 😱
That was 2011 and in 2018 the situation has just continued. Those houses are still empty and falling apart now. Absolute insanity and such a waste of resources.
Sorry, but this is incorrect information. This mall is almost at full occupancy now. Dongguan has 8 million people now and is a fairly popular place to live if you don't want the overcrowdedness of Guangzhou as your home. I live 45 minutes by bus from Dongguan. EDIT: Here's a good article on the topic. theculturetrip.com/asia/china/articles/worlds-biggest-shopping-mall-china-no-longer-ghost-mall/
What’s crazy is i just came from a video about the cage apartments people live in in some parts of China. The waiting list for public housing is 10,000. Yet here, in their back pockets, are whole empty cities. Squander.
They're vacant cause there's no opportunity there aka no jobs and no economy. All that only exists in a few big cities like Beijing and Shanghai and if you want a job not farming you go to those cities, therefore they're ridiculously crowded. This is China's way of trying to help that, but they totally forgot about building actual jobs and reasons people should go.
There are 1.4 billion Chinese people in China looking for a place to live, a toilet to shit, and a place to shop. Several million overbuilt building are the baits for the poor people to work harder to get there. High rise structures are the only logical way to over build for the future for 1.5 billion Chinese people to occupy after they worked hard enough. Shall we say this is capitalistic thinking. You bet it is ! The commune never got the incentive for people to work. There was a saying years ago in China that " It is 36 rmb if you work; it is also 36 rmb if you don't work. " So why work ?! Deng did a good job to change that laziness ! George Wu, AIA, ARCHITRECT, NCARB 2017-10-18
If the Chinese government is happy to build and maintain empty multi million dollar skyscrapers they should be more than happy to fill it with the poor/homeless
There aren't any homeless in communist countries because the state provides everything, the mentally ill which make up the majority of the homeless population would be institutionised.
@@Peter-pv8xx Why can't someone with a 'Mental Health Issue' not be provided with accommadation? Some people in all societies for a range of reasons require more support than the majority. Making provision is humane, and civilised.
The problem is he's been indoctrinated that the government, aka big brother Mao, has all the answers if they will only appeal to him. But of course he's met the end of all tyrants: lots of photos when alive, and stuffed in a viewing box when dead. Revered for antiquity.
THank you for showing this. I was in China in 1996 when citizens were taking old buildings down brick by brick to be reused but also the law said that every person over age 21 had to be employed. I was there again in 2006 and saw many tall skyscrapers. When I marveled, my translator told me that these buildings were empty, even unfinished on the inside, because no one could afford to live there.
I remember touring/shopping at one of the newer malls in Beijing in 2010. Beautiful mall with all the shops that one would find along FIfth Avenue in NYC. However, very few of these shops actually had any customers other than the occasional tourist who couldn't afford the merch being sold. This mall had shops like Hermes, Gucci, Givenchy, etc. The local Chinese would never be able to afford the products sold; neither would most of the Western tourists.
I am Chinese. These empty apartments and shopping centers are real in some places of China. I went to a shopping center in central south china 4 months ago and very beautiful---but not many customers. However, in shanghai, the housing crunch is crazy. Too many people and not enough dwellings. The prices are out of control. Exactly what is happening in NYC and SF. However, if you build multiple apartments in Des Moines or Lubbock, there not enough people to fill those apartments and the housing will be mostly empty.
That's a good analogy but in the United States people are not going to buy empty condominiums in Des Moines or whatever that other place was that you mentioned. The main reason people are buying condominiums in empty cities in China is because the country limits Chinese Nationals from foreign investment so they have to invest within the country so what they try to do is invest their money in those different directions, if in the United States we had the same situation in which we could not invest our money outside of the United States then we would do the same thing in terms of buying up property in areas where we think development will grow in the near future resulting in long-term profits .
John S - As a Chinese person who is or was there, besides the obvious issue of the frantic construction rush & high costs and stringent payment terms (50% down and 3yrs to cover the rest) my immediate thought & concern was the quality. Are corners being cut to reduce costs in favour of faster building? Is structural integrity compromised in the process? That would be a horrific disaster in the regions at risk for earthquakes if densely populated. I believe North Korea has gone that route with rapid growth but poorly done.
belly tripper belly tripper ugh in the US too? Man, if I lived near there; every pothole, cracked sidewalk, homeless person, litter pile, would nauseate me knowing that they are building crap when they can't even fix up and keep what they already built nice!
Yeah, I agree. Why don't they provide better funding for farmers instead? Most Chinese farmers can't afford to have more than one child and most of the time they choose to have a male child. This is creating a huge imbalance of 118 men for every 100 women. Sufficient funding and *research* can solve this problem.
:) Doubtfully someone will turn the heat on just for one or two apartment in the entire building. You'll have to stink the whole year, without no hot water for washing, let alone freezing during winters. Also buying food will be a real adventure in founding the very few shop provided with food, cos too many of the very few inhabitants have gone to the same place, it can be exhausted in no time. And lastly but not the last, founding a lucrative job would be harder than finding water in the middle of a desert. Excepting if you are a novelist or a visual artist who has an online clientele, but those are just exceptions out of the rule. XD
When I lived in Shaoxing I counted 40 tower blockes going up at the same time and there were already tens of thousands of homes empty. Some Chinese I met lived in a dirt floor home with no plumbing as they don't want to spent money . When I moved there my boss took me an appartment in a high end luxury apartment tower like something in Dubai, I hated it, too bling and I was the only person living in the tower !
@@pikachuclasico2366 ... The word "dawg" is not a real word, nor is it proper. Perhaps you should focus on the meaning of the comments and leave the corrections to real teachers.
@@jasonjames4667 economists need to change their method of scrutiny I feel. They have been predicting China's collapse for decades now. And what happened?
@@jasonjames4667 that's a a fact. There mirroring what the USA did in 1990's with the housing and community development act except there not repackaging the mortgages into CDO's and MBS's. and look into the amount China has invested in high speed rail over the past 20 years... crazy really.
Wait until they run out of oil. It's going to be interesting. Even though they say they don't depend on oil any longer, which I hardly find to believe it.
Either the population goes crazy in reproducing people Or a mass amount of wasteful ruins made for an ideology of a huge proportion not caring who they harm in the end, (themselves) WOW indirectly committing suicide and embracing it.
- JAVA - difference is USA is spotless compared to China. I live in South Korea and the horrible chinese air blows over to here. Its not as bad as china but still really bad.
These properties are being built primarily to be sold to investors not necessarily to people who want to live there; Also the 'balance' could be financed but given the fact that these properties are not likely to be rented anytime soon it's not likely that these people would need or want to pay interest on a loan for a non income-producing property.
@@CFlipify a whole bunch of people have enormous amounts of wealth in China so they can buy up whole blocks of apartments, keep in mind that China limits their citizens from making foreign investments and because of that wealthy Chinese Nationals have to find ways to invest in money within China and buying real estate is one of them.
Huqiao Shan I’m just curious how you know that they are crowded now? I see and hear everywhere else that they are basically the same, and they have built newer ghost cities. Money is destroying the world, and it’s man made!
Yes you are right. no more crimiral gov and biased media. 2021 this city is packed and foreign brand hotels like Hilton, Marriott, Sheraton, Aloft, Holiday inn, Le Meridien open business in zheng zhou new district. They won't be there if no demand. it's one of the most successful newly built city in China th-cam.com/video/TpAYZUyJgv0/w-d-xo.html google or youtube zheng zhou new district /郑州新区
The bubble is starting to burst. Developers are cutting prices trying to offload the apartments, and the people who bought at full price are freaking out. A lot of well off Chinese gonna lose a lot of money.
instead of making expensive high class properties, why don't they make cheaper apartment?? don't they study the market first before start building the properties??
@@joliemwah8694 no cheaper doesnt boost growth for both short term and long term. That is why the chinese government make it expensive cos at least in the short term, it will boost GDP and fuck the remaining terms. If cheaper boost GDP for long term it will be a prospective plan for them since they have the manpower and land area to build but they all work the math and come to the conclusion that it will not so they opted for another.
China's GDP / profit, that's all that they were built for. They don't want risk of defaulted payments on high priced apartments that were aimed at giving them profit.
Are you dumb sir? Did you go to college? Even in America, I couldn't even afford college alot of people can't why do you think it would be different anywhere else? You don't think they know hard work their lives make your presumably look like barbie. So before you judge remember that not everyone was born into money.
@@alexhu7939 it ain’t fake 10 years ago. It was up to date with the time 10 years ago. You just refuse to see the dark side cause you want to save face.
@Cloud Nine Shut the fuck up with that Qanon bullshit, there is 0 actual evidence and you are causing problems for the people actually trying to track down child sex traffickers.
Even without jobs it would be a step up. Instead of being poor and homeless, they would be poor but with homes. Also, a million people moving in would create many jobs.
That's insane. You have brand new buildings completely empty while 5 people live in 1 room slum. Why not just lower the prices? A cheap sell + taxes is better than no sell. Why would they keep prices so high?
#1, those 5 person in one room apartments are in Hong Kong, not mainland China. In China the amount of space is not an issue. #2, these kinds of housing developments are not meant to falsify growth; they play a role in the governments mismanaged attempt at mass urbanization of the country.
I lived in one of these empty cities when I went with my ex-wife to visit her mum in Beijing. We choose one of those apartments for 2 weeks and it was cheaper than a hotel or a rental house that is not dirty and old. But still, not cheap... During the night there was rarely any light on being seen in someone's window. There was probably 1 grocery place close to our "neighborhood" where we went to buy sometimes something, otherwise, everything was closed and we needed to take the metro train to a normal supermarket. I still have that feeling from that time there inside me. I still have pictures in my old phone from there. It looks like reference material for a post-apocalyptic game or movie. Also, her mother lived in really bad conditions, we went to visit her sharehouse. And I won't even talk about her job and her payment... She went missing.
My parents purchased two apartments on a bit of the farside of our hometown in China. The concept behind the apartments were great, luxurious high end apartments/townhouses right across an amusement park. The area was promised to be urbanized, but it just did not live up to what they promised. The entire apartment building's renovation was sloppy, half painted (not to mention moldy) walls, not to mention leaking ceilings. Overall it just seemed like they left the apartment half finished. The area ended up being empty, housing rates were less than 20%. It was built by a well known corporation in China too. It really isn't that the government's okay with these homes being empty, truth be told, many of these homes are already owned.These homes probably don't live up to safety requirements, and have issues that needs to be fixed. The developers don't care about these issues or care about what their finished product is, leaving families feeling scammed.
Hello, just looking for clarification: Is this a result of the Chinese culture to own property as a status symbol ? As you said most are already owned.
Most are unfinished buildings. How much of this ghost part is from not finishing the interior infrastructure or decorating in the developing part got to do with the 'bad Fung Chui' belief of another's energy going into the living space, (even just the workmen's )?
BarackObamaLikesPoop Im just explaining the reason why Chinese people aren't making a lot of money and they can't afford to buy stuuf out of the mall and that's why it's empty.
Same, I'm confused though. The guy in the Vox video said the rent problem was that their market was "too free". However in this video, they say that the government restrictions make people have to pay half the full cost up front. Thats a contradiction. However this video is from 2011, so maybe China's policies have changed?
+wulfe man what are you talking about, most things in Walmart are from china so i dont think one Walmart in a specific location is enough to attract people when what every you need at a low cost can be found literally anyway in china
+flyer boy do you remember when WalMart was first established? It was "US AMERICAN MADE" they didn't sell anything that wasn't made in the USA. What happened. Something wrong going on over there and they are sending all their pollution over here. I am afraid the rumors of war, being crushed by China could have some merit. I have lots to say but think it be time to shutthefukup eh?
SuperBlueboy61 haha~they should go the the "ghost city" right now, which is the second (maybe first) thrivest district of the total 16 districts in that city.
Their plan is to continue building until every single Chinese citizen can be given an apartment at very low cost to the citizen. They cannot hand the apartments out yet, because then it would cause civil unrest as some families get picked first before others.
Makes you wonder why you aren't allowed to film, even the toy shop guy seems like he is choosing his words carefully, how is the shop still open?? Something seriously isn't right, so over crowded in most places!!! What the actual hell..
AHHH.... WHAT !!?? THIS IS INSANE !! WHAT A WASTE OF RESOURCES, FARM LAND, & WILDLIFE HABITAT !! WE ARE ALL DOOMED BY THIS DESTRUCTION/CONSTRUCTION ...CONSUMERISM/ CAPITALISM IS DEVOURING THE NATURAL WORLD !!
If you allow poor people who work to move in by paying only 20K with a twenty year loan then those ghost cities will become very busy and prosperous. The buildings are poorly made so they are not worth more than 20K.
Great idea! However, not all of them are rubbish. There are some developers that are really making great properties. Also remember houses in Asia are generally constructed to last only 30 years or so, because it's easier to rebuild anew than to constantly repair.
IHeartCryptoverse- If I were a China Millonaire I'd buy 1 & rent to working families at insanely affordable prices(strict background checks first)and then replicate the process. In a few years I'd have a whole block of thousands of families *lifted into the middle class.*
PURE MADNESS! The average worker only makes $6K a year! No wonder every Corporation in the U.S. is leaving for China! They don't have pay squat for any wages! GREED! NOTHING BUT GREED!
+TheeBudGuru All BS. It was 6 years ago, now is closer to $9.5K and we are talking about average salary in entire China not in the cities, especially big cities.www.tradingeconomics.com/china/wages
That's still a measly penance for a years work at the amount of hours they have to work! And they still cannot afford to even think about buying a home!
+TheeBudGuru China urbanization rate as the end of 2015 was about 57% which is roughly 775 million people. Yes, you are right, they moved and live in the cities because they can't even dream about it. Try to buy an apartment in Beijing, Shanghai, Shenzhen, Guangzhou ...... It should be very easy 'cause nobody can't even dream about having own house.
do you know how cheap it is to live in China? literally for 10 US dollars which is 60 Yuan you can a table full of food from your local restaurants that can feed 4 people (and this was in SHanghai one of the most expensive city in China where the wage is often many times more than other parts of CHina). you can buy jack shit for 10 dollars in the US. btw Chinese wages has been rising consistently for the past 30 year. when was the last time Americans got a collective raise? oh wait the middle class in the US has been shrinking for the past few decades.
Journeyman Pictures, please give us an update on this ghost city. What happens to it now? My guess it must be now a bustling city. Many of Chinese experienced top bureaucrats each governs over hundreds of millions of people. They would not just squandered away hundreds of billions of dollars and still remain in office. so, why this phenomenon? It is their foresight and long term planning objective. China's long term planning is beyond the understanding and imagination of the western world or western brained-washed people. There were such so-called ghost cities by western standards that were brought back to life a few years after planning and constructions. Is China your dearest friend? Why worry for China? The west should have gloated over Chinese abysmal city planning. Why don't they? If these were true China will be brought to her knees in no time! So, China would collapse as joker Gordon Chang had predicted many times over. This is because some years later these cities were vitalized and teeming with people, cars, metro and high speed rail. Come on, do your readers a service. Give us an update for the completeness of the report.
As a Chinese I went there this summer and it is really creepy that there are a few people on the street, shops are empty, nothing there especially at night..........
Most of these housing projects are too costly for average income families. Also too far from from their livelihood. I travel to China often and always amazed how fast they build such infrastructures in a short period of time. People in remote areas still prefer living in their ancestral homes. Most have farms and small businesses just nearby.
but....just cause the price is going up doesn't mean it actually is of any value. lol they're so obsessed w "saving face" before thinking of long term consequences, always taking "easier" money short cuts. everyone knows they're shady w accounting!
There is no big credit bubble in China because you have to pay fifty percent upfront to buy an apartment, house, or condo. That is how they protected themselves. The bubble that can possibly happen is a revolutionary bubble...people starting a revolution to get better housing. But, they have a military government to keep that under control.
DonCervantes I disagree. They can afford to make it public housing and in the process show the people the true spirit of communism. Ofcourse most would be party members and govt. workers but they should also reward others for merit earned and contrbutions in all fields. They could calm the tempers by giving the elderly of bigger cities a place to retire and young families to settle.
R yt ,,, not all countries give out welfare as easily as America and some of the other civilized countries ,,, why do you think they enforce their borders ,,, notice nobody tries to sneak into china ,,, after 4 years living in China ,, my son and his Chinese wife moved back here ,,, even though he is an army vet ,,, they had to jump through hoops ,, just to be here LEGAL ,,,
@@EQOAnostalgia of course u didn't been in china u don't know its more capitalistic than u think i was there for more than 1 year and its been ok its not communism they just have one leader thats it what is communist that everyone can have a buissnes and build up capital and spend it on whatever they want i don't know if u know what communism is about china is like GB not like old iron curtain when ppl didn't have anything u can stand in lines for a whole day to get a roll of toilet paper if u got one that was communism not china and im not an old dude im only 21 and travelled most of the world and china is not a communist country just look at cuba thats a communist country
This is just the tip of the iceberg. This covers just the ghost cities, but according to recent reports there are enough houses and flats to house 3 bio. people in China. It is an enormous real estate bubble of epic proportions with even popular cities having 30% vacancies that will never be filled.
americans will fill them, maybe europeans and canada too. I get the feeling these were built for the cult to escape america, but now the witch is not in power, who knows if its changed? maybe the illuminati card game, or sophia knows
what a messed up world we live in. honestly i feel for these people so much, its hard enough being poor but to look up at hundreds of empty apartments while living in squalor is just cruelty!!
11 years ago. Now its just the tip of the iceberg, and that iceberg is about to turn over. Empty shells, built so poorly, they are already crumbling. A piggy bank made of paper, in the rain.
I'm guessing extremely easy and the penalties would be extremely high remember these are all luxury units so if you don't look the part you're going to be questioned
Back to their hometown….. lots of foreign businesses have pulled out of China due to rising costs and moved to other countries. Was there from 97 until 2012 working in the sporting goods industry and was transferred to Vietnam. Some of the factories I worked in were huge, most have now been demolished.
People use such flats for washing their money. Such flats also exist in other places. Banks like such expensive flats for *washing money for their customers.* The flats change hands on paper, but nobody lives there.
epSos.de- Here in Vancouver *our* Real Estate Market is ALSO used by crime syndicates to launder money. The government *knows* & refuses to do anything.
Vince Klortho We should call Germany, Sweden, France, Spain, Hungary, and Finland and tell them that their problems are solved. We will probably get medals of honor.
Here we are 11 years later and what looked bad back then has got even worse. The problem has got so big that the government is at a loss as to how to deal with it. When individual real estate companies carry debts of $250 billion and have to borrow more just to service the existing debt then the end cannot be far off now.
Its because most of the money goes to a select few while the actual workers earn very low wages. Why do you think north Americas buy a lot of there products from china? The cost of manufacturing is much lower than it is here.
+nizbt Rodriguez I think that's what China has been boasting about, their intensely low labor wage in exchange of investments from the west(initially).
This was to accommodate the largest rural to urban migration in history because of China's economic boom. They perhaps overestimated it by a little bit but that was the general idea. Shanghai's famous Skyline was once a ghost city and remained that way for years. At the time western media said no one was going to go and invest there but now it has a 98% occupancy rate. Furthermore, many of China's ghost cities have now been filling up, others haven't yet but perhaps will in the future. Zhengzhou, once known as the largest ghost city in China now houses over 2 million people.
I can design container housing for Haiti. Actually I already have many plans for Haiti ever since they an earthquake. But nobody cares for the cheap containers. they all think the containers are not good enough for them. GeorgeWuArchitect@gmail.com
Reminds me of my country. Not as severe, but we do have a number of nearly empty malls and properties that over half of the population cannot afford, thus remained either on rent, or empty. Yet property builders are still building up more, and still, not everyone can afford it with the kind of pay we get.
I have relatives in China, and some of them love to build apartments even though there's no demand for it cos they believe it would bring them greater benefits in the long run.. When in reality, my aunt is struggling to attract people to rent her room.. With the same logic, I believed those malls / apartments developers over estimated the demand and budget those people have lol
Whew I thought the editor messed up the color filters or the camera lens was bust due to the overwhelming yellowish tint of the film..until I realized air in China is smog filled and uninhabitable.
Actually, urbanization in China has speeded up in the last few years. This means a higher percentage of Chinese citizens now have access to better quality dwellings, and fewer people live in slums now than before. This is not to say there is no empty apartment buildings, as many developers speculated the market and over built in many areas, but considering China just reached 50% urbanization a few years ago, the problem of over building is not as much a problem as what is being portrayed in this video.
Alpha Male, Most non-Chinese did not want to know the good news! If there were bad news about China anywhere, they will be the first one to report that FOR SURE ! Otherwise, people like the Journeyman pictures here would never have heard of the good news ! George Wu, AIA ARCHITECT, NCARB 2017-10-3
They just try to film something they want to film lol. Could you imagine a toy seller could get a nice house in Manhattan? Same thing in China. It's impossible for normal ppl to get a house in Beijing, but if you want a house in small city, it's quite simple.
Yeah why would u let some homeless scum in so they can trash the apartments and shit and piss and leave needles everywhere... nope they can have under the bridges
A nice thought but... my comment copied from above: NO they shouldn't! That is how major slums develop, with this one having the potential to be a HUGE slum. Because this video showed that outside of the vacant properties, the old ones are very crowded with poor living conditions (all the smog), how could that area possibly handle any more poor people without causing terrible living conditions and putting extreme stress on the natural environment? How dark can that smog get?
this video is six years old. in these six years chinas stock market has fallen by more then fifty percent. its has halved..so no, thse towns have not changed, neither have they mantained and that toy store owner has most likely moved out.
People say things like this but more often than not there's a reason that people are homeless, more than just a bad stroke of luck. mental illness they can't afford to get treatment for, chronic illness under the same umbrella, violent tendencies, shitty personalities... Sadly much more complicated but I do with for that
Actually most of the room in the building were already sold to different investors in china, these people don't live here, they well sell it when the house's price goes up.
Why don't let the homeless people live there? If China can make all of these big infrastructures projects and a bunch more on-going, I'm pretty sure the poor people don't have to pay for the rent because that's how you spend taxes.
@Master Anonymous Anti china? I like China but I don't like CCP. They want more territories, add more concentration camps, get rid of more basic human rights. Does all of these things look good to you? So quit calling people "anti china" when it's clearly China is the real threat to the world
@Master Anonymous Democracies are definitely better than communist for sure. Of course I hate what bad things other countries do but right now, my country is more threaten by China than any other country. That's why I hate CCP
i totally agree. I myself and my sisters should move our ass to china. & live there for free. Then get a job there then recruit our people to occupy those empty buildings. Probably all the people from my island/country could all go to china and occupy those empty spaces.
I think I saw this on a documentary years ago -- villages based on England's Thames etc. It's horrifying the enormous waste of food, housing, trees, cars (crushed by the govt fully loaded) & so much more. I WISH I could live without buying anything from them. I read that frozen chicken dinners are sent to China to stuff the chickens then sent back to us. Is that even possible/feasible? A sign that you have too much is throwing out perfectly good clothes, sneakers, FOOD -- a bunch of vegan food was thrown out yesterday bc it was "woke", said the NUTJOB who instigated it. I'm always shocked but shouldn't be, why shouldn't China have the same housing corruption as here...
I don't get this??? I watched a documentary about Hong Kong and they literally live in a box and here in the Mainland China, 64 million empty apartments? SMH...
Richard Navasca me too. I’m speechless. The government is extremely greedy and they have no compassion.
Look the one ruler two countries policy up, this and the overall wealth of Hongkong and it’s social policies will explain it. Also there is a language barrier between Hongkong and mainland china
Richard Navasca actually we all live in a box
Yes I saw a documentary too. They were in Hong Kong and living in actual cages. And it was not jail. And they were paying more money to live in the cage then to live in a fancy apartment. It was wild. 😱
64 million sounds like bullshit. I'm sure there's tons of empty apartments but it's probably not fucking 64 million..... right?
That was 2011 and in 2018 the situation has just continued. Those houses are still empty and falling apart now. Absolute insanity and such a waste of resources.
wondertwin have you been there recently?
@@nori_04 advchina did an interesting episode on this topic 2 years ago... ghost cities havent changed from 2011
Sorry, but this is incorrect information. This mall is almost at full occupancy now. Dongguan has 8 million people now and is a fairly popular place to live if you don't want the overcrowdedness of Guangzhou as your home. I live 45 minutes by bus from Dongguan.
EDIT: Here's a good article on the topic. theculturetrip.com/asia/china/articles/worlds-biggest-shopping-mall-china-no-longer-ghost-mall/
Adventure Teacher so all is good now in dongguan? I got the train through it once and it looked fairly occupied (June)
@@sjwilkin Yeah, a ton of people live there now. It was bound to happen once Guangzhou basically exploded in population.
China needs to realize that real life isn't sim city.
CaptainCrape You need to realize that they already populated this city with 2.5 million people and hundreds of active businesses.
***** then they still think it's simcity!
Oh, I'm sorry. I mistook you for someone that had an iota of intelligence.
***** I mistook you for someone who had a sense of humor. Oh and I'd like to mention I have a 4.0 GPA.
CaptainCrape I have a sense of humor, It's not my fault you aren't funny.
I honestly believe that the whole world is collectively insane.
It's by design, a low knowledge populous is easy to control.
Sharon, I agree 10000%
and the sane are labelled insane by the insane........
@@soreeyez YEP👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾🤷🏽♀️🤷🏽♀️🤷🏽♀️🤷🏽♀️🤷🏽♀️🤷🏻♂️🤷🏻♂️🤷🏻♂️🤷🏻♂️🤷🏻♂️🌸
Yep
What’s crazy is i just came from a video about the cage apartments people live in in some parts of China. The waiting list for public housing is 10,000. Yet here, in their back pockets, are whole empty cities. Squander.
Ergo Sum Adrieyl I came from the cage rooms of hongkong, hbu?
me too
Same- y cant they move here? Spread out.. So sad
I came from their too. But HK is an island. This is in mainland China. HK, hates China. They don't want to live in this ghost city.
They're vacant cause there's no opportunity there aka no jobs and no economy. All that only exists in a few big cities like Beijing and Shanghai and if you want a job not farming you go to those cities, therefore they're ridiculously crowded. This is China's way of trying to help that, but they totally forgot about building actual jobs and reasons people should go.
Feel so bad for that guy selling the toys!
Don't be, this very spot is now full of people. The video was shot in 2012, now there are more than 2 million people living in that area.
funnycnn why
-lofioverlife- I know, me too!! My heart just broke for that poor man. Smh
He closed his store and moved back to old oredos
There are 1.4 billion Chinese people in China looking for a place to live, a toilet to shit, and a place to shop. Several million overbuilt building are the baits for the poor people to work harder to get there. High rise structures are the only logical way to over build for the future for 1.5 billion Chinese people to occupy after they worked hard enough. Shall we say this is capitalistic thinking. You bet it is ! The commune never got the incentive for people to work. There was a saying years ago in China that " It is 36 rmb if you work; it is also 36 rmb if you don't work. " So why work ?! Deng did a good job to change that laziness ! George Wu, AIA, ARCHITRECT, NCARB 2017-10-18
If the Chinese government is happy to build and maintain empty multi million dollar skyscrapers they should be more than happy to fill it with the poor/homeless
There aren't any homeless in communist countries because the state provides everything, the mentally ill which make up the majority of the homeless population would be institutionised.
@@Peter-pv8xx No homeless in china? try going in every city and come back to reply.
@@Paulo-zr5zo lol
@@Peter-pv8xx Why can't someone with a 'Mental Health Issue' not be provided with accommadation? Some people in all societies for a range of reasons require more support than the majority. Making provision is humane, and civilised.
@@Peter-pv8xx Haha haha you are hilarious.
I like how the guy that can’t buy a home says that “the government should intervene “ as if the government isn’t creating the problem
That's the problem, government is intervening.
The problem is he's been indoctrinated that the government, aka big brother Mao, has all the answers if they will only appeal to him. But of course he's met the end of all tyrants: lots of photos when alive, and stuffed in a viewing box when dead. Revered for antiquity.
yet he said first: "housing is a basic human right". What about that? You have some sharp answers. Is housing a basic human right?
On the plus side, it would be a fantastic place to film a live action Backrooms movie.
'Democracy' both coming and going! Blame your voting/taxpaying neighbours.
THank you for showing this. I was in China in 1996 when citizens were taking old buildings down brick by brick to be reused but also the law said that every person over age 21 had to be employed. I was there again in 2006 and saw many tall skyscrapers. When I marveled, my translator told me that these buildings were empty, even unfinished on the inside, because no one could afford to live there.
That is so stupid to build and people can’t afford to live there
Chinese in u.s. claim no homeless in China!!! Wtf?..
Wow, that was 16 years ago! I would think they would be free by now!
@@HOHLfmly You have to remember that this is about China. A very communist country even though they put on a good face. Still Communist.
I remember touring/shopping at one of the newer malls in Beijing in 2010. Beautiful mall with all the shops that one would find along FIfth Avenue in NYC. However, very few of these shops actually had any customers other than the occasional tourist who couldn't afford the merch being sold. This mall had shops like Hermes, Gucci, Givenchy, etc. The local Chinese would never be able to afford the products sold; neither would most of the Western tourists.
The air is so dirty you can actually see it.
those damn coal power plants
China's already developed so much, but the waste treatment for its industries still aren't regulated and enforced enough
this is a city in desert what do you want more
@@sev5733 I don't want it at all.
Their people go hungry & they keep building,?
se v Las Vegas is built in a dessert and is nowhere near populated or ”dusty” as that city.
they can film the next walking dead.
ask mefirst same thought here
We have the same problem here in LIS angeles. Affordable housing replaced by over priced luxury condos nobody can afford.
Yup Orlando too. Actually most of Florida
Empty luxury buildings and homeless families, where's the logic?
Not the same in China. These were built without even expecting that people would live there. It "looks good" so that people will think it's affluent.
Same in Honolulu, Hawaii
Don't exaggerate; maybe you can't afford but others clearly can.
I am Chinese. These empty apartments and shopping centers are real in some places of China. I went to a shopping center in central south china 4 months ago and very beautiful---but not many customers. However, in shanghai, the housing crunch is crazy. Too many people and not enough dwellings. The prices are out of control. Exactly what is happening in NYC and SF. However, if you build multiple apartments in Des Moines or Lubbock, there not enough people to fill those apartments and the housing will be mostly empty.
Makes sense
This is a weird explanation
That's a good analogy but in the United States people are not going to buy empty condominiums in Des Moines or whatever that other place was that you mentioned.
The main reason people are buying condominiums in empty cities in China is because the country limits Chinese Nationals from foreign investment so they have to invest within the country so what they try to do is invest their money in those different directions, if in the United States we had the same situation in which we could not invest our money outside of the United States then we would do the same thing in terms of buying up property in areas where we think development will grow in the near future resulting in long-term profits .
John S - As a Chinese person who is or was there, besides the obvious issue of the frantic construction rush & high costs and stringent payment terms (50% down and 3yrs to cover the rest) my immediate thought & concern was the quality. Are corners being cut to reduce costs in favour of faster building? Is structural integrity compromised in the process? That would be a horrific disaster in the regions at risk for earthquakes if densely populated. I believe North Korea has gone that route with rapid growth but poorly done.
China: come for the ghost cities, stay for the smog.
This was a gross demonstration of wasting money. Money they could use for somethin much more important. I'm speechless.
belly tripper belly tripper ugh in the US too? Man, if I lived near there; every pothole, cracked sidewalk, homeless person, litter pile, would nauseate me knowing that they are building crap when they can't even fix up and keep what they already built nice!
Do your research....the city is now overcrowded.
64,000,000 empty apartments? !!!!!!! that is a far cry from the claimed world over-population!!!!!!!!!!
jin lei yeah BULL SHIT
Yeah, I agree. Why don't they provide better funding for farmers instead? Most Chinese farmers can't afford to have more than one child and most of the time they choose to have a male child. This is creating a huge imbalance of 118 men for every 100 women. Sufficient funding and *research* can solve this problem.
No neighbours? I'll take 2!
J buy three get one free
*I'D BUY THAT FOR A DOLLAR!*
ikr!
:) Doubtfully someone will turn the heat on just for one or two apartment in the entire building. You'll have to stink the whole year, without no hot water for washing, let alone freezing during winters. Also buying food will be a real adventure in founding the very few shop provided with food, cos too many of the very few inhabitants have gone to the same place, it can be exhausted in no time. And lastly but not the last, founding a lucrative job would be harder than finding water in the middle of a desert. Excepting if you are a novelist or a visual artist who has an online clientele, but those are just exceptions out of the rule. XD
and catholics
When I lived in Shaoxing I counted 40 tower blockes going up at the same time and there were already tens of thousands of homes empty. Some Chinese I met lived in a dirt floor home with no plumbing as they don't want to spent money . When I moved there my boss took me an appartment in a high end luxury apartment tower like something in Dubai, I hated it, too bling and I was the only person living in the tower !
horrible grammar dawg
Incredible waste ..... 64 million empty apartments.
@@pikachuclasico2366 Obviously not a native English speaker like you.
@@pikachuclasico2366 ...
The word "dawg" is not a real word, nor is it proper. Perhaps you should focus on the meaning of the comments and leave the corrections to real teachers.
@@pikachuclasico2366 I’m sure English is not her native tongue SMDH
I'd kinda really like an update on all of this being 9 years later.
They were one of the only few countries to have a positive GDP this FY. Whatever bubble they're blowing up doesn't seem to be bursting after 9 years
@@jasonjames4667 economists need to change their method of scrutiny I feel. They have been predicting China's collapse for decades now. And what happened?
@@jasonjames4667 that's a a fact. There mirroring what the USA did in 1990's with the housing and community development act except there not repackaging the mortgages into CDO's and MBS's. and look into the amount China has invested in high speed rail over the past 20 years... crazy really.
th-cam.com/video/jiRd12Op6E8/w-d-xo.html
In seems that more people have moved in there's a few pics online
Dubai will be next, cost of living is rising. Salaries is not increasing. Expats are leaving. Tourism during summer is poor because of the heat.
2ong son say what??? Negotiate a better rent on your next lease.... too many empty Apt’s and rates are going waaay down
Wait until they run out of oil. It's going to be interesting. Even though they say they don't depend on oil any longer, which I hardly find to believe it.
krotsin cause you are stupid Dubai has 1% oil left
@Racheal Niwagaba well I have reasons to call him stupid he is ignoring facts
@@krotsin 'woozy. '''
'''
Well i know what city is going to be the next safe haven for a zombie apocolypse
Dogmeat zombies will start in china
And stay in china
Starting with the billion aires and leadeds i feel like, the reckoning starts in china
Definitely right
Pretty much was zombies and falling over sick. th-cam.com/video/S8da_QYbyoA/w-d-xo.html
It would be interesting to watch updates on these projects after 11 years.
A lot of these things are falling down. Abandoned and the same has happened in Russia too. Make work jobs that come back to haunt them.
@Blair Witch hahaha!!!!
Either the population goes crazy in reproducing people Or a mass amount of wasteful ruins made for an ideology of a huge proportion not caring who they harm in the end, (themselves) WOW indirectly committing suicide and embracing it.
still abandoned, bubble still growing, still building useless apartments
Zhengzhou has a population of 12.5 million people as at Sept 2022.
en.wikipedia.org/wiki/Zhengzhou
Deserted and yet still polluted, hats off.
that might just be fog
Mark Whitfield
China is really cleaning up, though. Quicker than the US is, actually.
- JAVA - difference is USA is spotless compared to China. I live in South Korea and the horrible chinese air blows over to here. Its not as bad as china but still really bad.
And the peasants are still revolting!
Shithole country !
They expect the balance of a $300,000 apartment in 3 years? In America they give 30 year mortgages so that people can afford to buy a house.
Anthony Cappucci 50% up front the remaining balance over 3 years who tf has 150k cash
These properties are being built primarily to be sold to investors not necessarily to people who want to live there;
Also the 'balance' could be financed but given the fact that these properties are not likely to be rented anytime soon it's not likely that these people would need or want to pay interest on a loan for a non income-producing property.
@@CFlipify a whole bunch of people have enormous amounts of wealth in China so they can buy up whole blocks of apartments, keep in mind that China limits their citizens from making foreign investments and because of that wealthy Chinese Nationals have to find ways to invest in money within China and buying real estate is one of them.
Truck Taxi it is an investment play but it eventually payed out and this area is now very crowded
Huqiao Shan I’m just curious how you know that they are crowded now? I see and hear everywhere else that they are basically the same, and they have built newer ghost cities. Money is destroying the world, and it’s man made!
The world has reached a ridiculous point
ecosystems are going to start failing soon.
Yes you are right. no more crimiral gov and biased media. 2021 this city is packed and foreign brand hotels like Hilton, Marriott, Sheraton, Aloft, Holiday inn, Le Meridien open business in zheng zhou new district. They won't be there if no demand. it's one of the most successful newly built city in China
th-cam.com/video/TpAYZUyJgv0/w-d-xo.html
google or youtube zheng zhou new district /郑州新区
Just saw the Evergrande disaster recently and I can say yea this aged really damn well.
@Ernest Khalimov links
That mall is too crowded, no thanks
The homes are not for living, they are chips for rich people to play games with.
true
real estate business for the rich
The bubble is starting to burst. Developers are cutting prices trying to offload the apartments, and the people who bought at full price are freaking out. A lot of well off Chinese gonna lose a lot of money.
No in the city zhengzhou the once ghost city is now filling with 10 millions people...and the house price rises to 3times high!!!!!!!!!!!,
Chinese investors are buying property in Vancouver leaving them empty driving up prices.
instead of making expensive high class properties, why don't they make cheaper apartment?? don't they study the market first before start building the properties??
Fadli Ramadhan cheap apartments don't boast GDP growth.
Something regarding displacement costs.
in the short term it doesn't but in the long term it does boost GDP growth
@@joliemwah8694 no cheaper doesnt boost growth for both short term and long term. That is why the chinese government make it expensive cos at least in the short term, it will boost GDP and fuck the remaining terms. If cheaper boost GDP for long term it will be a prospective plan for them since they have the manpower and land area to build but they all work the math and come to the conclusion that it will not so they opted for another.
They build cheap apartments and sell them for expensive prices
12yo docu talking about the real estate bubble that they are still talking about today.
Maybe they could relocate some of the poor farmers stuck farming the land around one of the many toxic waste dumps?
Why would they take American clowns into their country.
China's GDP / profit, that's all that they were built for. They don't want risk of defaulted payments on high priced apartments that were aimed at giving them profit.
Only "stuck" by choice. Hard work has always paid off for everyone whom educate themselves and want more. Lets not be fucking dumb here
Are you dumb sir? Did you go to college? Even in America, I couldn't even afford college alot of people can't why do you think it would be different anywhere else? You don't think they know hard work their lives make your presumably look like barbie. So before you judge remember that not everyone was born into money.
Rite when they got clowns like you there sean onibud even ur name is funny.
Meanwhile in Hong Kong....
This is like when you can't make your minecraft world a server
Lol, right!!! Tell me about it!!
so many empty houses, but people can't afford to move out of their parents house. Interesting.
interesting fake news made 10 years ago!
@@alexhu7939 it ain’t fake 10 years ago. It was up to date with the time 10 years ago. You just refuse to see the dark side cause you want to save face.
These are not for living but for job and gdp creation.
I feel bad for the guy running a toy shop in this empty ghost town mall.
***** Chinese Ghost City.
Kingofthen00bs games Based on what legit info?
the rent was cheap then and now the mall is packed with ppl.
How does anyone feel bad about ( GREED ) finally taking affect on ppls lives.
The same reporter went wback the next year, the toy shop was gone.
When you got to launder all that organ trafficking money .
Organs and plandemics and money laundering. th-cam.com/video/S8da_QYbyoA/w-d-xo.html
@Cloud Nine Shut the fuck up with that Qanon bullshit, there is 0 actual evidence and you are causing problems for the people actually trying to track down child sex traffickers.
The poor should move in. A million homeless go there all at once and just move in.
Bonnie Beams and from what will they live???There is no job in these city’s...
Even without jobs it would be a step up. Instead of being poor and homeless, they would be poor but with homes. Also, a million people moving in would create many jobs.
No in the city zhengzhou the once ghost city is now filling with 10 millions people...and the house price rises to 3times high!!!!!!!!!!!,
Too bad you can't walk there from Central America.
东皇太一 what changed?
12 years on and nothing has changed.
That's insane. You have brand new buildings completely empty while 5 people live in 1 room slum. Why not just lower the prices? A cheap sell + taxes is better than no sell. Why would they keep prices so high?
China’s got no taxes
#1, those 5 person in one room apartments are in Hong Kong, not mainland China. In China the amount of space is not an issue.
#2, these kinds of housing developments are not meant to falsify growth; they play a role in the governments mismanaged attempt at mass urbanization of the country.
The build quality is so bad, that they will probably fall down down in a few years anyway.
"Too young to be old": When? China is taking Nepal, now.
@@HelenaPedroso who told you that
You really dont know china buildings lol
lmao
not true
Except that your comment was in 2020, making this documentary 9 years old at the time, and the buildings are still standing.
I feel bad for the toy shop owner
He doesn't even realize that he's an NPC
DailyFilmingBasis ,,, what about all the toy makers ,,,
Don't be. He is probably a millionaire by now.
I hope he doesn't work on a commission basis.
I lived in one of these empty cities when I went with my ex-wife to visit her mum in Beijing.
We choose one of those apartments for 2 weeks and it was cheaper than a hotel or
a rental house that is not dirty and old.
But still, not cheap...
During the night there was rarely any light on being seen in someone's window.
There was probably 1 grocery place close to our "neighborhood" where we went to buy sometimes something,
otherwise, everything was closed and we needed to take the metro train to a normal supermarket.
I still have that feeling from that time there inside me.
I still have pictures in my old phone from there.
It looks like reference material for a post-apocalyptic game or movie.
Also, her mother lived in really bad conditions, we went to visit her sharehouse.
And I won't even talk about her job and her payment...
She went missing.
My parents purchased two apartments on a bit of the farside of our hometown in China. The concept behind the apartments were great, luxurious high end apartments/townhouses right across an amusement park. The area was promised to be urbanized, but it just did not live up to what they promised. The entire apartment building's renovation was sloppy, half painted (not to mention moldy) walls, not to mention leaking ceilings. Overall it just seemed like they left the apartment half finished. The area ended up being empty, housing rates were less than 20%. It was built by a well known corporation in China too.
It really isn't that the government's okay with these homes being empty, truth be told, many of these homes are already owned.These homes probably don't live up to safety requirements, and have issues that needs to be fixed. The developers don't care about these issues or care about what their finished product is, leaving families feeling scammed.
Hello, just looking for clarification: Is this a result of the Chinese culture to own property as a status symbol ? As you said most are already owned.
China building shoddy unusable products is a worldwide problem, quality control in China is nonexistent
Most are unfinished buildings. How much of this ghost part is from not finishing the interior infrastructure or decorating in the developing part got to do with the 'bad Fung Chui' belief of another's energy going into the living space, (even just the workmen's )?
Why wouldn't the government hold the developers responsible for handing a subpar product despite being paid full?
τα μεταξωτά βρακιά θέλουν και μεταξοτους κόλους Allow me to say.
"we need the government to intervene" no that's why it sucks in the first place...
The Gadsden Snake America owes China a lot of money.
Jahmalon Bethel What the fuck does that have to do with this.
BarackObamaLikesPoop Im just explaining the reason why Chinese people aren't making a lot of money and they can't afford to buy stuuf out of the mall and that's why it's empty.
I would be more surprised if anyone believes your bullshit.
Obviously towards you, who else just wrote a paragraph of bullshit?
Came after hongkong's small apartment video
RatherA .. same with me. Hongkong’s cage house and Japan’s shoebox brought me here
same lol
i came here after vox documentaries about cage housing
Same, I'm confused though. The guy in the Vox video said the rent problem was that their market was "too free". However in this video, they say that the government restrictions make people have to pay half the full cost up front. Thats a contradiction. However this video is from 2011, so maybe China's policies have changed?
The vox video?
You see how they are living in actual cages. Crazy isn't it. 😱
They call that economic growth it’s looks more like an economic collapse.
if they had a walmart there people would move there
+wulfe man starbucks
+wulfe man what are you talking about, most things in Walmart are from china so i dont think one Walmart in a specific location is enough to attract people when what every you need at a low cost can be found literally anyway in china
+flyer boy do you remember when WalMart was first established? It was "US AMERICAN MADE" they didn't sell anything that wasn't made in the USA. What happened. Something wrong going on over there and they are sending all their pollution over here. I am afraid the rumors of war, being crushed by China could have some merit. I have lots to say but think it be time to shutthefukup eh?
most things in walmart are from China not meaning things in China are as cheap as things in walmart
wulfe man ,or Costco!😊
They have a plan,they're just not telling us!
I agree!
SuperBlueboy61 haha~they should go the the "ghost city" right now, which is the second (maybe first) thrivest district of the total 16 districts in that city.
Maybe they are just planning for the future population.
Their plan is to continue building until every single Chinese citizen can be given an apartment at very low cost to the citizen. They cannot hand the apartments out yet, because then it would cause civil unrest as some families get picked first before others.
No, I think they're just stupid...
Makes you wonder why you aren't allowed to film, even the toy shop guy seems like he is choosing his words carefully, how is the shop still open?? Something seriously isn't right, so over crowded in most places!!! What the actual hell..
Bradley Mcewen communism
communism makes sure you don't say anything that can give China a bad face especially in media
@@liviawang3822 This is not communism. This is corruption.
AHHH.... WHAT !!?? THIS IS INSANE !! WHAT A WASTE OF RESOURCES, FARM LAND, & WILDLIFE HABITAT !! WE ARE ALL DOOMED BY THIS DESTRUCTION/CONSTRUCTION ...CONSUMERISM/ CAPITALISM IS DEVOURING THE NATURAL WORLD !!
If you allow poor people who work to move in by paying only 20K with a twenty year loan then those ghost cities will become very busy and prosperous. The buildings are poorly made so they are not worth more than 20K.
Great idea! However, not all of them are rubbish. There are some developers that are really making great properties. Also remember houses in Asia are generally constructed to last only 30 years or so, because it's easier to rebuild anew than to constantly repair.
IHeartCryptoverse- If I were a China Millonaire I'd buy 1 & rent to working families at insanely affordable prices(strict background checks first)and then replicate the process. In a few years I'd have a whole block of thousands of families *lifted into the middle class.*
300 thousand and ur heater and pipes are fully exposed infront of ur 1 window.
Probably in their currency.
If it's in southern china it probably doesn't get too cold.
@@смиренный-х2б that's only 3000 ish usd.
PURE MADNESS! The average worker only makes $6K a year! No wonder every Corporation in the U.S. is leaving for China! They don't have pay squat for any wages! GREED! NOTHING BUT GREED!
+TheeBudGuru All BS. It was 6 years ago, now is closer to $9.5K and we are talking about average salary in entire China not in the cities, especially big cities.www.tradingeconomics.com/china/wages
That's still a measly penance for a years work at the amount of hours they have to work! And they still cannot afford to even think about buying a home!
+TheeBudGuru China urbanization rate as the end of 2015 was about 57% which is roughly 775 million people. Yes, you are right, they moved and live in the cities because they can't even dream about it. Try to buy an apartment in Beijing, Shanghai, Shenzhen, Guangzhou ...... It should be very easy 'cause nobody can't even dream about having own house.
At least you have internet!
do you know how cheap it is to live in China? literally for 10 US dollars which is 60 Yuan you can a table full of food from your local restaurants that can feed 4 people (and this was in SHanghai one of the most expensive city in China where the wage is often many times more than other parts of CHina). you can buy jack shit for 10 dollars in the US.
btw Chinese wages has been rising consistently for the past 30 year. when was the last time Americans got a collective raise? oh wait the middle class in the US has been shrinking for the past few decades.
Journeyman Pictures, please give us an update on this ghost city. What happens to it now? My guess it must be now a bustling city.
Many of Chinese experienced top bureaucrats each governs over hundreds of millions of people. They would not just squandered away hundreds of billions of dollars and still remain in office. so, why this phenomenon? It is their foresight and long term planning objective.
China's long term planning is beyond the understanding and imagination of the western world or western brained-washed people.
There were such so-called ghost cities by western standards that were brought back to life a few years after planning and constructions.
Is China your dearest friend? Why worry for China? The west should have gloated over Chinese abysmal city planning. Why don't they? If these were true China will be brought to her knees in no time! So, China would collapse as joker Gordon Chang had predicted many times over.
This is because some years later these cities were vitalized and teeming with people, cars, metro and high speed rail.
Come on, do your readers a service. Give us an update for the completeness of the report.
As a Chinese I went there this summer and it is really creepy that there are a few people on the street, shops are empty, nothing there especially at night..........
Most of these housing projects are too costly for average income families. Also too far from from their livelihood. I travel to China often and always amazed how fast they build such infrastructures in a short period of time. People in remote areas still prefer living in their ancestral homes. Most have farms and small businesses just nearby.
They build fast but their quality is in the toilet 😂😂
All the poor people living in Hong Kong could be living in these empty apartments. The government just don't give a damn.
It's crazy that this video is twelve years old, and this bubble, "bigger than any we've ever seen," is still inflating. 😮
5 years past after this video uploaded, price of real estate doubled in china
in first line cities only, not all across China
Ray Liang
all across china
ciaran devaney
fahkyou ciaran davaney
but....just cause the price is going up doesn't mean it actually is of any value. lol they're so obsessed w "saving face" before thinking of long term consequences, always taking "easier" money short cuts. everyone knows they're shady w accounting!
There is no big credit bubble in China because you have to pay fifty percent upfront to buy an apartment, house, or condo. That is how they protected themselves. The bubble that can possibly happen is a revolutionary bubble...people starting a revolution to get better housing. But, they have a military government to keep that under control.
They should just hand out these apartments as free government housing
DonCervantes I disagree. They can afford to make it public housing and in the process show the people the true spirit of communism. Ofcourse most would be party members and govt. workers but they should also reward others for merit earned and contrbutions in all fields. They could calm the tempers by giving the elderly of bigger cities a place to retire and young families to settle.
R yt ,,, not all countries give out welfare as easily as America and some of the other civilized countries ,,, why do you think they enforce their borders ,,, notice nobody tries to sneak into china ,,, after 4 years living in China ,, my son and his Chinese wife moved back here ,,, even though he is an army vet ,,, they had to jump through hoops ,, just to be here LEGAL ,,,
"Owning a home shouldn't be a dream it should be a basic human right" that made ne cry :(
A basic human right? To OWN a home? Man... they are prepping you kids for communism HARDCORE. SMH.
@@EQOAnostalgia of course u didn't been in china u don't know its more capitalistic than u think i was there for more than 1 year and its been ok its not communism they just have one leader thats it what is communist that everyone can have a buissnes and build up capital and spend it on whatever they want i don't know if u know what communism is about china is like GB not like old iron curtain when ppl didn't have anything u can stand in lines for a whole day to get a roll of toilet paper if u got one that was communism not china and im not an old dude im only 21 and travelled most of the world and china is not a communist country just look at cuba thats a communist country
Maybe clean shelter... but a right to OWN a home?
@@EQOAnostalgia
So some people should be homeless.
If communism is what it takes to get rid of homeless and unemployment. Bring it on.
Imagine having a right in china
This is just the tip of the iceberg. This covers just the ghost cities, but according to recent reports there are enough houses and flats to house 3 bio. people in China. It is an enormous real estate bubble of epic proportions with even popular cities having 30% vacancies that will never be filled.
The other city Donguan - th-cam.com/video/xGV36zpJ2R0/w-d-xo.htmlsi=BrL6u7sTHks8bdOx
Maybe they are building these cities for reasons they don't want us to know about....yet.
americans will fill them, maybe europeans and canada too. I get the feeling these were built for the cult to escape america, but now the witch is not in power, who knows if its changed? maybe the illuminati card game, or sophia knows
It’s to boost their gdp
Perhaps they have made contact with an alien race and are making preparations for their settlement on earth.
Terrifying thought.
@@nakeitafrater3712 😀😀😀
what a messed up world we live in. honestly i feel for these people so much, its hard enough being poor but to look up at hundreds of empty apartments while living in squalor is just cruelty!!
Not hundreds. Millions.
@@glynnisthomas9165 that’s even more sad 😢
Wow this is just mind blowing what an absolute waste it’s disgraceful
11 years ago. Now its just the tip of the iceberg, and that iceberg is about to turn over. Empty shells, built so poorly, they are already crumbling. A piggy bank made of paper, in the rain.
How easy would it be to squat in one of those.
If the police caught on to the taping in the mall then it probably won't be that easy to squat
I'm guessing extremely easy and the penalties would be extremely high remember these are all luxury units so if you don't look the part you're going to be questioned
Bryce Weber I doubt Chinese jail is better than being homeless they don’t have any humane laws protecting prisoners like America does
The problem with neglected living quarters are that they can collapse. Not very safe, and not a risk anyone should take
@Victor R. religion is NOT freedom, it's slavery of mind
DISGRACEFUL! more disturbing even than the conditions that thousands of there people are "living" in.
That guy was really getting a massage during his interview LMAOO
Hahahaha was checking for comments to see if anyone noticed that. I was lol. 😂
Hey, it's a very stressful topic for him to speak about!
what a lovely wife he has
I hope they don't get "disappeared" for speaking out.
Where has all the residents in Chinese cities gone. This is concerning 😟.
Back to their hometown….. lots of foreign businesses have pulled out of China due to rising costs and moved to other countries. Was there from 97 until 2012 working in the sporting goods industry and was transferred to Vietnam. Some of the factories I worked in were huge, most have now been demolished.
May be cannibalism has started again. The Chinese elites have a exotic meat craze, may be that is the reason 🤭
People use such flats for washing their money. Such flats also exist in other places. Banks like such expensive flats for *washing money for their customers.*
The flats change hands on paper, but nobody lives there.
epSos.de- Here in Vancouver *our* Real Estate Market is ALSO used by crime syndicates to launder money. The government *knows* & refuses to do anything.
There’s no cars and yet it’s still looks like air quality is bad.
it's the coal power plants that really pollute in china
I think I just found a place for all those Syrian refugees. Yay. Good news.
:p
Lol
+Robert Swift You read my thoughts!
Vince Klortho
We should call Germany, Sweden, France, Spain, Hungary, and Finland and tell them that their problems are solved. We will probably get medals of honor.
Only from patriots, certainly not from the unholy alliance of career politicians, civil servants and lawyers (a.k.a. - enemies of the West)!
Here we are 11 years later and what looked bad back then has got even worse. The problem has got so big that the government is at a loss as to how to deal with it. When individual real estate companies carry debts of $250 billion and have to borrow more just to service the existing debt then the end cannot be far off now.
China's economy is flourishing so I don't understand why these people's wages are so low. Nine people in a two bedroom apartment is intolerable
Its because most of the money goes to a select few while the actual workers earn very low wages. Why do you think north Americas buy a lot of there products from china? The cost of manufacturing is much lower than it is here.
+nizbt Rodriguez I think that's what China has been boasting about, their intensely low labor wage in exchange of investments from the west(initially).
Yes as a whole it is but don't forget that their population is 1.3 Billion people, that is 1/4 of that of USA while the GDP is 57% compared to USA's.
Chinese, Because of being a Greed, they making their own Doom.
This was to accommodate the largest rural to urban migration in history because of China's economic boom. They perhaps overestimated it by a little bit but that was the general idea.
Shanghai's famous Skyline was once a ghost city and remained that way for years. At the time western media said no one was going to go and invest there but now it has a 98% occupancy rate.
Furthermore, many of China's ghost cities have now been filling up, others haven't yet but perhaps will in the future.
Zhengzhou, once known as the largest ghost city in China now houses over 2 million people.
I don't want to wake you up.
and haiti only needs 300,000 houses.... *sigh
no money no goods
commenter78 you can say that again bro....
commenter78 l
*houses
You mean mud huts?
I can design container housing for Haiti. Actually I already have many plans for Haiti ever since they an earthquake. But nobody cares for the cheap containers. they all think the containers are not good enough for them. GeorgeWuArchitect@gmail.com
Some kid from that town is gonna become the best roller blader of all time tho lmao
Reminds me of my country. Not as severe, but we do have a number of nearly empty malls and properties that over half of the population cannot afford, thus remained either on rent, or empty. Yet property builders are still building up more, and still, not everyone can afford it with the kind of pay we get.
Journeyman pictures, the ethical and truthful version of vice.
Such a contradiction - houses that are too expensive to live...and people's salaries too low.
Why do you think they are too expensive in the first place? THINK PEOPLE THINK.
trevor bell ,,, We were talking about China ,,, Why did you start talking about America ???
james mueller because America is doing the exact same thing!
This is a crime against humanity
I have relatives in China, and some of them love to build apartments even though there's no demand for it cos they believe it would bring them greater benefits in the long run.. When in reality, my aunt is struggling to attract people to rent her room.. With the same logic, I believed those malls / apartments developers over estimated the demand and budget those people have lol
You are fake Chinese!
They are way overpriced
When *_lol_* eventually becomes someone's period regardless whether what they're talking about is funny or not. lol? 😀
@@ninja.saywhat oh be quiet
Whew I thought the editor messed up the color filters or the camera lens was bust due to the overwhelming yellowish tint of the film..until I realized air in China is smog filled and uninhabitable.
this was filmed 5 or 6 years ago, property price in china has actually went up since then, significantly in some cities.
just because property prices went up dont mean people are getting housed ...
Alpha Male qqw
Actually, urbanization in China has speeded up in the last few years. This means a higher percentage of Chinese citizens now have access to better quality dwellings, and fewer people live in slums now than before. This is not to say there is no empty apartment buildings, as many developers speculated the market and over built in many areas, but considering China just reached 50% urbanization a few years ago, the problem of over building is not as much a problem as what is being portrayed in this video.
Alpha Male, Most non-Chinese did not want to know the good news! If there were bad news about China anywhere, they will be the first one to report that FOR SURE ! Otherwise, people like the Journeyman pictures here would never have heard of the good news ! George Wu, AIA ARCHITECT, NCARB 2017-10-3
Are people being moved into the properties? Or are they just being built?
What's the point of building houses that no one can buy.
In China everything is online now. Shoppers are all online, too.
China missed the mall fade.
Zechen Cai and on cameras being watched everywhere too
Its okay but why apartments are empty... Ohh i think population r decreasing ...
and there are homeless people
They just try to film something they want to film lol. Could you imagine a toy seller could get a nice house in Manhattan? Same thing in China. It's impossible for normal ppl to get a house in Beijing, but if you want a house in small city, it's quite simple.
Hugh could be jobs selling food restaurants etc
Yeah why would u let some homeless scum in so they can trash the apartments and shit and piss and leave needles everywhere... nope they can have under the bridges
Syrian refugees need to go there or homeless people ?!
A nice thought but... my comment copied from above: NO they shouldn't! That is how major slums develop, with this one having the potential to be a HUGE slum. Because this video showed that outside of the vacant properties, the old ones are very crowded with poor living conditions (all the smog), how could that area possibly handle any more poor people without causing terrible living conditions and putting extreme stress on the natural environment? How dark can that smog get?
Sultan Simmer Those apartments would explode
Artur Rodriguez hahahahhahahahahahahahahaha so funny
Good solution
Chinese people are not very welcome with refugees
What ever became of these people and apartments? I'd like to see a follow up video.
i know right?
this video is six years old. in these six years chinas stock market has fallen by more then fifty percent. its has halved..so no, thse towns have not changed, neither have they mantained and that toy store owner has most likely moved out.
I've heard that the toy store owner now sells TWO toys per day, instead of just 1. Not bad...
Please give to the Philippines we need place because you invade us
Send all our homeless there and work out a negotiable tariff for free housing!
it's a sad, sad world THEYRE DIE , THERE SO LAZY , AND IS NOT WELFER OR FREE CHECKS EVRY MONTH
They had no intention of anyone living in them, till after they staged the movie covid19. th-cam.com/video/S8da_QYbyoA/w-d-xo.html
People say things like this but more often than not there's a reason that people are homeless, more than just a bad stroke of luck. mental illness they can't afford to get treatment for, chronic illness under the same umbrella, violent tendencies, shitty personalities... Sadly much more complicated but I do with for that
This is the dumbest shit ever we have plenty of empty housing in the usa
@@user-hm9uq8gk5x then the government should provide more accommodations for them.
China could probably take all the US homeless people since the US can't seem to figure it out.
Great, let them head over. Maybe they can take a few million border crossers too. Free shipping.
Breaks my heart seeing humans live that way. I couldn't imagine, seeing my child only once a year. ;(
Actually most of the room in the building were already sold to different investors in china, these people don't live here, they well sell it when the house's price goes up.
Who will buy it LOL
Why don't let the homeless people live there? If China can make all of these big infrastructures projects and a bunch more on-going, I'm pretty sure the poor people don't have to pay for the rent because that's how you spend taxes.
@Master Anonymous Anti china? I like China but I don't like CCP. They want more territories, add more concentration camps, get rid of more basic human rights. Does all of these things look good to you? So quit calling people "anti china" when it's clearly China is the real threat to the world
@Master Anonymous I does not hate China or Chinese, I just hate their government basically.
@Master Anonymous Democracies are definitely better than communist for sure. Of course I hate what bad things other countries do but right now, my country is more threaten by China than any other country. That's why I hate CCP
@Master Anonymous What's up with Nepal?
@Robert L Well, that's good.
If you see a Bed,Bath & Beyond and a GNC you have a dead mall.
They should give ppl free rent for a year... to attract businesses
i totally agree. I myself and my sisters should move our ass to china. & live there for free. Then get a job there then recruit our people to occupy those empty buildings. Probably all the people from my island/country could all go to china and occupy those empty spaces.
They all moved to Richmond, BC Canada.
The simple logic is they sell through Alibaba Express and they don't want to pay rents for malls.
I think I saw this on a documentary years ago -- villages based on England's Thames etc. It's horrifying the enormous waste of food, housing, trees, cars (crushed by the govt fully loaded) & so much more. I WISH I could live without buying anything from them. I read that frozen chicken dinners are sent to China to stuff the chickens then sent back to us. Is that even possible/feasible? A sign that you have too much is throwing out perfectly good clothes, sneakers, FOOD -- a bunch of vegan food was thrown out yesterday bc it was "woke", said the NUTJOB who instigated it. I'm always shocked but shouldn't be, why shouldn't China have the same housing corruption as here...
You good?