That is what is happening in China. Entire cities are erected in a blink of an eye. Buildings just built 20 yrs ago are razed to construct shiny gleaming new ones. It's not just speculation of the housing market that's gone bonkers. This mentaliy of an ever escalating society pervades their culture. They intend to build forever, with no regard to long term environmental and humanitarian ramifications.
We all gotta grow up sometime
China needs to get real about its impending housing bubble. Why? Because it is merely a function of a larger societal problem: long term economic un-sustainability. Somebody please cap their allowance & give them a curfew!
What do you think about China's stratospheric economic rise? Are they just spoiled brats headed for a bubble burst? Or are they savvy adults with solid long term plans?