From the Business Insider:
The hottest market in the hottest economy in the world is Chinese real estate. The big question is how vulnerable is this market to a crash.
One red flag is the vast number of vacant homes spread through China, by some estimates up to 64 million vacant homes.
We've tracked down satellite photos of these unnerving places, based on a report from Forensic Asia Limited. They call it a clear sign of a bubble: "There’s city after city full of empty streets and vast government buildings, some in the most inhospitable locations. It is the modern equivalent of building pyramids. With 20 new cities being built every year, we hope to be able to expand our list going forward."
No cars on the street
Empty $19 Billion Development
Empty Desert City
Empty Residential Towers
Ordos Museum...Empty
Photo credits belong to the Business Insider
Kaid Benfield is director of sustainable communities and smart growth at the Natural Resources Defense Council in Washington, DC. More »
Chris Cheatham is a LEED Accredited Professional and green building authority who frequently speaks to groups and associations. More »
Jared Green is Web Content and Strategy Manager at the American Society of Landscape Architects (ASLA) More »
Rodrigo Herrera Vegas is a writer for for one of Argentina's main newspapers, La Nación, and a radio show host. More »
Warren Karlenzig Warren Karlenzig is the founder and president of Common Current. More »
Geoff Wilkinson is the Vice Chair of the Building Standards Faculty of the Chartered Institute of Building.i More »
Chuck Wolfe Chuck Wolfe is a lawyer, professor, and photographer who blogs at MyUrbanist. More »

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