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Old 01-02-2011, 09:15 AM  
rhizome
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Join Date: Jan 2001
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Um, the empty homes aren't abandoned. They were built and purchased as investments and for tax shelter. With no property taxes and housing numbers going up every year it makes perfect sense . . . until it crashes. But a lot of wealthy Chinese believe their money is safer in real estate than in the banks and it's not unusual for an executive level worker to own multiple empty houses.
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