August 20, 2013
China's Nail Houses: Anti-Govt. Monuments
Guilford & Ferdman, The Atlantic
Even as its economy slows, China's investment in real estate and infrastructure has lost little steam. A common problem for developers, though, is that especially in and around major cities plum land parcels are often already occupied. The solution? Evict the residents. Sometimes developers or local governments compensate or relocate those they kick out, usually offering less than the original property's value. Sometimes they don't.
TAGGED: Nail Houses, China