[TallDave2]

Ordos is actually still pretty ghosty. 153K people seems great until you realize it was built for several times that many. http://www.businessinsider.com/ordos-china-ghost-town-2017-5

In the US, everyone associated with the investment would have lost their shirts years ago. In Communist China, debt pays you!

The really interesting thing is that the units are mostly owned. Why? Because you can't move very much money out of China due to the capital controls, tremendous flows of money go into property -- lots of people buy real estate never intending to live in it, or sometimes even to rent it... there are actually property sales ads that suggest no one should live there as the property is not designed for human habitation. :)