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Caterpillar Inc. Message Board

  • madmoneycramer madmoneycramer Apr 22, 2013 5:23 PM Flag

    Fake GDP in China with 65M empty appartements


    Look at 60 minutes CBS on Youtube....put China empty cities on search tool......I guess soon or later that big bubble in China will bust when construction of empty cities are over???

    Sentiment: Strong Sell

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    • that was the reason the govt passed laws to keep citizens from buying more than one apartment recently causing the real estate slowdown it is the only place they have been able to do private investment basically. When I was in China what surprised me is that they haven't up kept their bldgs and need to rebuild often due to non maintenance but newer complexes are putting in maintenance fees to do so.

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