Madness? This-is-CHINA!
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Welcome to the result of artificial growth and government interference. A lot of these properties were structurally unsafe, built with incredibly cheap materials that make the Soviet built housing blocs look like luxury. Demolishing them now probably saved the lives of people caught in a collapsed building incident later.
I don't know a thing about the situation on the ground, but I have to take issue with 'structurally unsafe'. Safety is relative. A relatively country does not have the resources to fortify buildings against ever more remote risks.
On the other hand, when you're rich, you can afford to minimize such dangers.
Unless the developers ran off with the money and built something with cardboard, I am not sure the buildings are 'unsafe' in any relative sense, let alone 'unsafe' absolutely.
There's a name for many of these modern Chinese construction projects. They're called tofu dreg. I'm sure you can guess their quality from that phrase alone. You won't need any Mongol siege engines to knock these down, you just have to push hard enough.
There was someone that went to film one of the ghost cities and decided to clap in the downtown just to hear it echo. The echo caused some panels to fall off of one of the buildings.
I can only imagine the actual quality of it.
>tfw you fart in your sleep and the floor collapses under your bed
It can kind of be the wild west out there, Tony.
If you look at the Wiki list for structural failures and collapses, note how many of the Chinese ones are "Building owner just randomly added shit to a building" - including, in one case, literally added the second half of the building on top of the first - and it had only been designed for the first half.
they replaced steel rebar with bamboo. threw trash into concrete mix to reduce cost. these were all scam investment properties. no one was ever going to live in them.
Almost literally, yes. Compacted refuse, cardboard scraps and loose sand covered with a thin layer of concrete have been documented instead of solid blocks of concrete before.
Chinese do build shit out of cardboard.. hell, they used empty oil cans as filler in pillars (probably not major support pillars). Im always scared when i go to china to visit relatives. Some did live in highrises.
Do the Chinese not know how to demolish buildings? None of these buildings pancake properly; they just tilt a bit and fall on their side. Is there a reason for this? Is Chinese IQ a meme?
Yes, most Chinese are literal peasants or the urban variety.
What you interact with are grad students who are spies in all but name.
IQ and intelligence are overrated. The smartest people often make the worst decisions.
Wisdom and common sense are underrated. No amount of intelligence can replace humility and having your feet grounded in reality.
I wouldn't be surprised if there was embezzlement involved. China does have that mentality where everyone needs to grift and profit somehow. Someone budgeted enough explosives to do it properly and each step below the decision maker reduced the amount until what you have is that.
What are they saying here?
That they're crazy.
"We need worldwide communism immediately because Chinese communists are polluting the planet"
This is hilarious. I would love to see the Chinese do this more often for a few reasons.
It pisses off climate activists
It's fun to watch buildings fall
It implies China's economy is not doing good, always nice to see.
It pisses off the China supremacists.
That looks like a lot of fun. The area is empty so you don't have to worry about how the buildings come down. I would have tried to get some domino action going.
The ultimate challenge: https://i.pinimg.com/originals/61/3a/2f/613a2f8ffe7bc26e7c0ef0fca1a447d0.png
Easy enough. https://youtu.be/AYQjmj7cSM0
Okay, what anime is that from?
That's so surreal that I have to know.
Google says fist of the north star
The name had me a bit skeptical. The profile even more.
Of course, these people never criticize China, so what's going on?
Wow whats the reasoning behind this
No idea about these ones but videos of demolitions of "new" buildings in China pop up regularly.
In one case a while ago the developer went bankrupt before completing the buildings. They stood around unfinished for a long time and eventually had to be demolished because they were unusable.
In another case the developer used cheap materials and the buildings had to be demolished because they were structurally unsafe.
https://interestingengineering.com/culture/chinas-ghost-cities-and-its-65-million-empty-homes
Here's an article describing China's massive ghost cities.
That's actually a good desciption. I remember when the housing bubble burst in Phoenix. I found a gas station and grocery store surrounded by empty houses.
Has China not invented telescopic collapse yet or what?
What is the story behind it? In do respect this looks cool. For some reason I would love to have been part of the team doing the explosions.
These buildings were almost certainly concrete husks without any interiors, electrical, plumbing, HVAC, etc. In fact, it seems from the video that most lacked an outer skin as well. These were all built for real estate speculation purposes and would probably never be finished and occupied. And that's assuming that they were built to proper safety standards. Many of these so called "tofu dregs" projects were built without proper rebar or binding material for the concrete and are absolutely unsafe for occupation.
China was collapsing Two Years ago with the yaun in Freefall on election night. Until they had their global buddies get involved. China has been living on borrowed time. I'd wager it's mainly so the Party elite can set themselves up before leaving.
Probably why they want war with taiwan. War is a good way to wipe OR gain debt. If they take taiwan, thats an economic and military win for them. Probably dont have to pay back money when you can hold the world hostage with cpu chips.
They would have fallen down anyways.
This is what Deflation looks like when applied to assets.
Also, the housing market isn't coming back any time soon. The entire industry is expecting a slump in housing for the next 24 months.
deleted - archive?