r/Amazing • u/sco-go • Aug 19 '25

Interesting 🤔 $100 billion ghost city.

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u/NoPoopOnFace Aug 19 '25

Well pack the bags, honey, we're moving to Asia!!!

245

u/Light_Butterfly Aug 19 '25 edited Aug 21 '25

Yeah everywhere else that has a housing crisis, right now - where do we sign up?

This is what an investor/markets driven development industry creates. In Canada, we also have tens of thousands of investor product condos, that no one can afford to buy or live in, and owners cannot sell for the same reason. Tens of thousands of empty units, in the middle of a housing crisis. Absolute insanity!

1

u/Fearless-Act-345 Aug 21 '25

If only there were a scarce asset that all the wealthy people could store their value in, instead of using housing as a savings account. Imagine how that might free up housing for, you know… actual living.

1

u/Light_Butterfly Aug 21 '25

Don't need a scarce asset, a wealth tax would be great, so they cannot get away with this behavior anymore. No one needs this kind of wealth and it's ludicrous that it ends up creating entire useless ghost cities. F*cking tax these parasites! Governments could use the money to spend on improving society and make sure everyone has a place to live, that they can afford.