China’s ‘rotten-tail buildings’: homebuyers in limbo for years with no home due to dodgy developers and red tape | South China Morning Post
China’s ‘rotten-tail buildings’: homebuyers in limbo for years with no home due to dodgy developers and red tape | South China Morning Post
A survey conducted this year found over 45 per cent of homebuyers in mainland China encounter unfinished building problems
Unfinished or ‘rotten-tail buildings’, as they are known in China, usually have no electricity, no running water, lifts that do not work and no sewage system
It's from 2022. This is the newest article on the issue i can find, and talking about the same issue, so i think its an ongoing stuff to this day in case someone pointing out the date.
Basically late stage capitalism.
This is what bugs me about the modern Chinese Communist Party, these developers need a taste of what happened to landlords during the Land Reform Movement.
There’s at least one YT channel that keeps popping up in my recommendations that focuses on “Tofu dregs”. All infrastructure, not just residential buildings.
I figured this was the most dystopian.
It's called "ponzi scheme".
Please, Xi
Xi: best I can do is sabre rattling about something Taiwan did
Hey man maybe he’s confused, you don’t know
Thanks china!