pegw

Then why is Japan looking into getting a ultra high speed train system that goes 600 mph? I think rail systems in Europe work just fine. I have used them an found them to be clean and efficient. A high speed rail system could work well in the Northeast Corridor if we put sone money into it.

son of witless

Here is the video I referred to.

https://www.youtube.com/watch?v=QSkKG5bthSA

son of witless

Who is to say whether any big project is economically viable ? You can build anything you want and make it look pretty and have it run fast if it does not have to make a profit. Look at the a******n the California high speed rail is.

High speed rail might be economical in a densely populated country like Japan. Also Europe is over populated enough . Most places it is not economical. The North east corridor already has a subsidized rail service called Amtrak that is forever losing money.

Canuckus Deploracus Loc: North of the wall

The real estate market is in serious trouble... No doubt about it...
But that is good for the average person as prices are coming down...
The railway system probably varies... It's made a lot of money in certain areas...But expanding it for expansion's sake is probably not the best of ideas...
Now that c***d is over we'll see if it rebounds...

son of witless

From what I saw on the video I posted, the real estate situation is not good for anyone. In the video it stated that the big builders were so juiced financially, what they did was take money from people who gave it to them to build their apartments, and started more buildings before finishing the first apartments.

Now you have insolvent builders, and unfinished apartments all over China. The customers can't use their half built apartments which will deteriorate over time, and the unfinished units are not generating revenues for the builders because the customers stopped making payments.

Plus many of the apartments were built where nobody wants to live because they are too far from any jobs. In China personal wealth is tied to an unhealthy degree to real estate. The working classes do not invest in stocks much. With real estate as bad as it was in America during 2007-2011, I don't see how the working classes advance.

If China can come out of the C***d lock downs quickly maybe it can work it's way out of the mess the central government created in real estate. And I do think they caused it. They created the environment that all of the players simply reacted to.

Canuckus Deploracus Loc: North of the wall

And due to that situation prices are coming down all over China...
Sucks for those who invested...
But great for those starting out or looking to upgrade...

The government most likely won't interfere to too great and degree...

son of witless

Okay, but will they allow new construction companies to finish the apartments ? What will they do with the ghost towns of apartments that were built in the wrong places ? How will they make the debt ridden rail system profitable ?

pegw

Okease name a ghost town construction in the US. I have only seen a shortage of homes here.

pegw

Please name a ghost town construction in the US. I have only seen a shortage of homes here. I see lots of signs for luxury apartments, never affordable housing.

JFlorio Loc: Seminole Florida

What do you consider affordable housing? You do understand how capitalism works don't you?

Canuckus Deploracus Loc: North of the wall

They'll probably demolish the empty apartments...
Debt for the railway will be shifted off to the federal government...

Canuckus Deploracus Loc: North of the wall

We're discussing China...

son of witless

It sounds like the Chinese federal government is becoming like the US federal government in that no debt is too small or too big for them to take on.

Canuckus Deploracus Loc: North of the wall

No.. They just have access to greater sums...
It's one of Xis strategies...

son of witless

The US post WW2 with it's Marshall Plan largely bought it's way into global dominance. The British Empire, the previous military and financial Super Power was broke after two World Wars. The Soviet Union sought to match the US of A financially with aid to it's clients. In the 1980s and early 90s the Soviets went broke. The US always seems to be on the brink of collapse, but so far somehow always rebounds.

China seemingly has more unlimited funds than even the US. It will need them to fix it's real estate mess and to continue to gain on the US in building up it's military. Then we get to the Chinese belt and road initiative. That has many in the West terrified. However, that is a real money pit that I question whether even China can afford to continue to fund. Many of the deals have or will bankrupt the client states. It is successful in allowing China sole access to many strategic assets around the world.

Inevitably a lot will come down to countries wanting to either be an ally of China or the US. This is the new Cold War, which in spite of Russia's war in Ukraine, it is no longer a major player. China and America rule planet earth. They will divide it up until one of them falters.