Now their GDP will increase again, if they start repairing the ghost houses ;)
Now their GDP will increase again, if they start repairing the ghost houses ;)
The officials see this as a feature: real estate is just a huge jobs program, and the fact that they have to do it again just means more jobs on the future. Incidentally, the same construction techniques are used in India for the same reason, and hence are exported to Singapore and the Middle East so they can leverage Indian migrant construction workers
Time is relative.
He offered the counterpoint of, e.g., Chaco Canyon as something even older.
Time is indeed relative. That kind of perspective-check is awesome.
https://realestate.co.jp/forsale/listing?order=4&page=19&bui...
what cities? In China? I hard about that but frankly in Eastern European countries the aim to last 100 years. Same in USA AFAIK. Properly prepared concrete last quite a long time, if protected from the elements.
And in the meantime they're scratching their heads trying to figure out why their tertiary sector isn't growing.