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China’s ‘rotten-tail buildings’: homebuyers in limbo for years with no home due to dodgy developers and red tape | South China Morning Post (www.scmp.com)
submitted 2 months ago* (last edited 2 months ago) by Jake_Farm@sopuli.xyz to c/aboringdystopia@lemmy.world
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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

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[-] Annoyed_Crabby 20 points 2 months ago

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.

[-] Nasan@sopuli.xyz 9 points 2 months ago

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.

[-] DeepChill@sh.itjust.works 8 points 2 months ago

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.

[-] Jake_Farm@sopuli.xyz 3 points 2 months ago

I figured this was the most dystopian.

[-] Coreidan@lemmy.world 2 points 2 months ago

Thanks china!

[-] nonailsleft@lemm.ee 2 points 2 months ago

Please, Xi

[-] Aurenkin@sh.itjust.works 3 points 2 months ago

Xi: best I can do is sabre rattling about something Taiwan did

[-] gravitas_deficiency@sh.itjust.works 2 points 2 months ago

Hey man maybe he’s confused, you don’t know

[-] veganpizza69@lemmy.vg 2 points 2 months ago

It's called "ponzi scheme".

this post was submitted on 01 Sep 2024
91 points (97.9% liked)

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