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RE: EXPLORING a "GHOST TOWN" in China | Qinhuangdao, Hebei *PHOTOS!*
Interesting read....the 'ghost town' shots remind me of a similar scenario in the capital city of Nigeria, Abuja. investors using buildings generally as a store of value, and yet the masses in these cities don't really have access to affordable housing.
Precisely. This does happen around China. Generally speaking, investors just wait until the prices go up before they sell. In the first year, the area becomes sparse, but sooner or later, the investors either sell their properties or rent them out.