Sure, no problem I'd love to address that.
...The reason China has "ghost cities" is because they used more concrete in 3 years than the U.S. used in the entire 20th century. You see, they built so many new homes during 2009-2011, that they actually built too many. And that's why they have ghost cities - because the people have too many options, *
unlike* the Americans here. Here in America, we have the ugly, old dilapidated houses selling for half a million dollars. We have *NOT* given enough choices. we are at the polar opposite of China, in regards to real estate... They've beaten us! Badly!
The following house is running for $475,000.00 in Northridge, CA.
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A 1,276-square-foot Northridge, Los Angeles home is on the market for $475,000. Instead of a luxurious pad, the house is run down with brown stains, missing tiles and exposed pipes.
www.dailymail.co.uk
...Would you rather buy this house for 475, or just relocate to somewhere else, entirely new, and start over? I would choose B... I would choose to relocate to a brand new city, and find a job just like the one I have now over there.