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Why Does No One Live in These Abandoned Chinese Mansions?
(unbelievable-facts.com)
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Buying an empty house is pretty standard. I'm talking about the fact that many properties were never even completed to the 'habitable' stage. 'Empty unfinished' refers to things like light fixtures, AC, etc. Abandoned properties were nowhere near that point.
I'm not talking about "habitable" either. I'm talking no countertops, no tile flooring, no mouldings, no finishings whatsoever. It is an empty "unfinished" shell with the intention that the buyer who moves into the home will fully furnish everything, including all the cabinets etc to match their personal tastes.
This indeed was a scam to sell fake investment properties to the up-and-coming Chinese middle class. There are entire ghost towns full of these investment properties that nobody will move into because there is zero other infrastructure for any residents if they actually moved into the property lol. It's kinda bizarre and insane that the government allowed it to happen for so long.