Wednesday, March 30, 2016

"Made Out Of Sand" - A Dramatic Look Inside A Newly Built Chinese Apartment

"Made Out Of Sand" -


 A Dramatic Look Inside

 A Newly Built Chinese

 Apartment

Tyler Durden's picture

While real estate is all about "location, location, location," it appears there are sometimes more prescient factors that any prospective buyer should pay attention to. Amid yet another government-fueled housing bubble, it seems in their haste to fulfil a rapacious demand for property in which to gamble their hard-grafted assets, Chinese construction companies have cut a few corners. As the following stunning video shows, a "newly constructed apartment" crumbles before the owners' eyes as the 'concrete' walls turn to sand...
LiveLeak exposes, in the following video, just how poor the standards can be of so-called “new” properties. LiveLeak footage shows two men in a supposedly “new apartment building” in China where the concrete walls crumble like sand.
China is currently in the midst of a huge property bubble...


And the country is full of “ghost cities” and new apartment blocks waiting to be filled. Which is no surprise considering that China used about 6.4 gigatons of cement during their construction boom between 2011 and 2013, which is more than what the US used during the entire 20th century.However, those housing properties in China are frequently not built to stand the test of time: In 2010, officials revealed that many homes had a lifespan of just 20 years.
Just like buying worthless companies in the stock market bubble ended very badly, it appears buying 'worthless' homes is set for the same outcome...

Quick, back into stocks

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Tue, 03/29/2016 - 14:30 | 7377514Takeaction2
Takeaction2's picture
At least it will stop a bullet.....maybe.  That video is awesome.

Tue, 03/29/2016 - 14:33 | 7377529HedgeAccordingly
HedgeAccordingly's picture
It's hard to stop a train! Tier 3 down payment on a sand castle is what 60-%
http://hedgeaccordingly.com/2016/03/shenzhen-raises-purchase-down-paymen...

Tue, 03/29/2016 - 14:35 | 7377546

nuubee

nuubee's picture
"China used about 6.4 gigatons of cement during their construction boom between 2011 and 2013"



Tue, 03/29/2016 - 14:37 | 7377558
carbonmutant's picture
Hey cement's expensive. Can't make a profit using that
 stuff...

Tue, 03/29/2016 - 14:42 | 7377586nuubee
nuubee's picture
It makes you fear for anyone downstream of the three gorges dam

Tue, 03/29/2016 - 14:49 | 7377614Manthong
Manthong's picture
Way back in the day, I lived in a Med coastal town for a few years.
The homes were high sand content concrete and the walls were solid and poured into forms.
The window installers would chip out holes for the windows and the electricians would chisel out grooves and holes for the 240V ac service and then finish the job with the same high sand content concrete.
It was a hoot to watch.
You could scratch a groove in the walls with a good set of finger nails.