Google Maps shows potentially massive housing bubble in China

For those who continue to stand firm in their belief that the Chinese real estate market can grow for years, they may want to review the photos inside the link. Empty town after empty town is now on display via Google Maps. Since the communists took over, China has repeated the same mistake over and over, which is to oversell numbers. If they don't, punishment was assured. When local government officials oversold actual farm production during the Cultural Revolution, the result was famine and death. If the story behind these photos is a massive real estate bubble, the government will be lucky to survive. History cuts both ways and in China's long and impressive history, peaceful transition from one regime to another has never been part of the process.