The not-so-secret truth is that the Chinese government is wholeheartedly endorsing and supporting the largest building boom ever seen in history. There are cities far bigger than "The Villages" repleat with shopping malls and businesses that have never been owner occupied... they stand empty... yet the building continues at a rapid clip as middle class investors buy 3,4 5 of these homes and save to buy more. Unbridled capitalism or communism run off the rails. If you thought the U.S. housing bubble hurt,, watch for this bubble to burst,, all in my opinion of course.
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