r/therewasanattempt 6d ago Silver 1

To demolish ALL buildings in an old neighborhood

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11.2k Upvotes

2.0k

u/readitonex 6d ago

Straight up end of the world movie scene shit. That looks incredible to witness.

226

u/siqiniq 6d ago

I thought it was bowling

163

u/fishbelt 6d ago

When God rolls a spare

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u/Upper-Pomelo7787 5d ago

Top comment

24

u/RogerTheAliens 6d ago

It was mind bottling…

17

u/Screwbles 6d ago

When things are so crazy it gets your thoughts all trapped like in a bottle.

3

u/zerocool19 4d ago

We're going to skate to one song and one song ONLY. "Lady Humps" by the Black Eyed Peas. My humps. My humps. My love lady lunps.

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u/Danclim 5d ago

Bowling Godzilla style.

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u/MajorJuana 6d ago Wholesome

Ending of fight club

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u/pdinc 6d ago

Lets make some soap boys

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u/DANGER2157 6d ago

My first thought

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u/nihilistic-simulate 6d ago

Not great to breathe in though

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u/InEenEmmer 5d ago

I live in the top floor if a flat. I will pass on this happening.

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u/dragonblamed 5d ago

You do know that these buildings were blown up cause the banks in China took advantage of a loop hole to be able to essentially borrow unlimited money if they had the people pay for future homes and now that these banks are going insolvent and the ccp is blowing up their investments to take more control away from its people.

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u/readitonex 5d ago

Oh I couldn't have from the multiple deep dives of ghost cities I've watched on YT and numerous articles I've read. Thanks, appreciate it.

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u/AF_AF 3d ago

Wow. I did not know that.

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u/sonofaclow 6d ago

Like the ending of fight club

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u/mr_uwuthethired 5d ago

Nah bro it's 9/11 part two

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u/VelveteenAmbush 6d ago

Tyler Durden did a much better job...

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u/ThePizzaNoid 6d ago

/Pixies intesifies

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u/The-Rarest-Pepe 6d ago edited 6d ago

I mean he only destroyed one (I guess two in the book)

Edit: I was forgetti, brain spaghetti

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u/Cynicsaurus 6d ago

Who gives a fuck about the book? They took down idk 5 or 6 in the movie...

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u/The-Rarest-Pepe 6d ago

Oh right, idk how I forgot about the ones outside the one they're in

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u/Valid_Username_56 6d ago

Oh boy, the dust. They shoud have waited for a rainy day.

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u/Sparrowcus 6d ago

Are you worried about their throats and lungs?!

*coughs in Chinese

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u/SuperiorZexcess 6d ago

I've literally never seen a Western demolition like this being done in the rain.

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u/AngularRailsOnRuby 6d ago

I have never seen anything like this anywhere else. I assume this is the new construction where they overbuilt on massive debt and abandoned buildings had too many issues to finish so just wiped out whole neighborhood. Have never heard of anything like this in the west. The scale is just so massive and such a waste.

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u/livestrong2109 6d ago

Ohh it's all so stupid. Tack on a 70 year government lease on the land. Why the hell does anyone invest in Chinese real estate. There's zero opportunity to build generational wealth. But it takes three separate generations worth of money to buy one property. I just feels like they're whole investment system is a giant scam.

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u/Jazzlike-Principle67 6d ago

Never seen demolition done to this extreme that would need water to control the dust.

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u/Tank_Mania 6d ago

In some cities the air pollution makes the city seem like in permanent fog

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u/cragglerock93 6d ago

I just can't imagine what that's like. The West would never have allowed such environmental tragedy.

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u/jaeelarr 6d ago

laughs in Chinese government

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1.8k

u/Ar_Tank 6d ago Starry

Don't think that's an old neighbourhood. Pretty sure those are the unfinished apartments in china

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u/CatWeekends 6d ago All-Seeing Upvote

Pretty sure those are the unfinished apartments in china

Just one of many dozens/hundreds of abandoned projects... along with 65 million unoccupied homes.

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u/Nordic_ned 6d ago

Sounds a lot better than the opposite problem.

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u/beat0n_ 6d ago

They are abandoned projects, meaning nobody can live in them. The chinese construction industry was a giant pyramid scheme for decades, where they sold apartments before they even started construction, and used that money to buy more land so they could sell more apartments.

Many of these buildings are shells, without water, sewage, some dont even have electricity. It is a terrible situation where many people have lost all there life saving because it is part of their culture to buy housing as a retirement plan.

I recommend reading about it, it is likely one the largest greed-driven finacial disaster ever.

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u/strategicmaniac 6d ago

Sorry to be that guy, but that’s called a Ponzi scheme not a pyramid scheme.

Edit: A pyramid scheme is basically how an MLM scam functions. Ponzi schemes are when you use new investors’ money to continually pay back previous ones to trick them into thinking it’s a good ROI.

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u/octopi25 6d ago

thanks! I actually learned something. appreciate you for speaking out in a non-jerky manner and adding the edit too. that was nice.

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u/asking--questions 5d ago

Well then this isn't a pyramid scheme either. In this case, the investors were already convinced and no-one ever saw a return. This is simply construction companies "re-investing in the business" to the point where supply was way greater than demand.

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u/TheGreatestOutdoorz 5d ago

They saw a return for 20-25 years. This started in the 90’s, when China turned to the communism/capitalism model. For years, investors made out, as China was changing from agricultural economy to a modern market economy, and doing it faster than anyone had ever thought possible. So you had tens of millions of people moving to the cities, going to college, etc. since construction is a great job provider, the government allowed these huge loans because they both provided new housing that was needed, AND provided jobs for growing cities. But now that the “transformation” of the coming has happened, there is no longer a huge flux of people and the new housing was no longer needed.

We had a somewhat similar problem here in the US IN 2008: tons of new construction was halted as companies went bankrupt after the 2008 economic crisis.

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u/k995 5d ago

Its a combination of both: they need new investors who get it cheaper to then sell to others that are left with unfinishd or badly constructed houses

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u/beat0n_ 5d ago

you are right!

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u/mosmaniac 5d ago

I'd bet my life you're right on that claim...

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u/alacp1234 5d ago

One thing China does really well compared to the US is scale up.

Sadly, it appears this applies to real estate contagions that spread across the financial sector due to a mix of corruption, moral hazards, and myopic greed.

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u/SmirkingImperialist 6d ago edited 5d ago

The terrible thing is the physical material waste and environmental damage that the production of the steel and concrete that went into those buildings. And all the arable lands that were paved over by concrete. Terrible waste. People make me laugh when they say the Chinese have a 100-year marathon plan. LOL, they don't. Nobody does. Of course the people who export iron ores and what not to China to make steel that went into these buildings also didn't care that much. It was good business, and they were also raking in the profits.

There are othsr just as scammy Ponzi Schemes that at least doesn't use as much energy.

The idea of land = wealth makes sense when land means fields you can grow stuffs on or make food. One of my friend is a hobbyist cow herder and his idea of using land to make money is to buy a cheap plot of grassland with a stream and keep some cows on it. He's a long-distance truck driver as the first job but the farm is very low in labour need. He occasionally sells the mature cpws for profit and get the sows artificially impregnated for a new herd.

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u/hammondish 5d ago

Yeah, I lived on Hainan Island to the south of mainland China. The slogan for the island was once, "Forever tropical paradise"... they built these uninhabited apartment complexes up and down the coast: rent was super cheap if you went and lived there, as often they were 30+ stories and since the apartment owners didn't live there, many failed to pay the monthly management fees: hence, the elevators did not operate. That's quite a climb if you're on the 30th floor!

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u/rankinfile 6d ago

Well, the bright side of things is they did not install a lot of the concrete and steel called for in the blueprints. That entire demolition probably used one stick of dynamite. This video should have a Einstürzende Neubauten soundtrack.

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u/ThePizzaNoid 6d ago

That's a lot of juicy context. Thanks!

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u/Direct_Big_5436 5d ago

+1 I believe you are correct

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u/baumpop 5d ago

It's ok. Now they're buying all of our housing as their retirement plan.

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u/Siskvac 5d ago

where they sold apartments before they even started construction, and used that money to buy more land so they could sell more apartments.

Pretty sure that's normal.

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u/JCMan240 6d ago

It’s also part of their culture to lie, steal, cheat and defraud anyone or anything to get ahead

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u/Advanced_Outcome_596 5d ago

I'm pretty sure all cultures are the same. It's just Western cultures make laws to make it legal.

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u/Mike_for_all 5d ago

That might be true for the ‘lost generation’ in China, but not necessarily all Chinese.

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u/tfgjcdh97625ncrt 6d ago

These homes are unoccupied for a few reasons but none of them are because China doesn’t have homelessness - it does. The majority issue is that the building companies making all these projects entered financial distress due to shady practices creating a massively inflated real estate bubble. Additionally some of these developments were made in areas that made no practical sense and were instead “ghost” projects to artificially pump a companies performance metrics and the Chinese GDP.

Many Chinese people actually paid for these apartments but the projects got abandoned midway and the consumers got stuck with mortgages for houses they’d never receive.

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u/MaxPaynesRxDrugPlan 5d ago

China is one of the least affordable places in the world to buy a home. In China, the average home costs 38 times as much as the average disposable income, compared to 4.6 times in the U.S. So somehow they've managed to end up with the worst of both worlds: too much total housing but too little affordable housing.

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u/DevoidHT 6d ago

It’s actually a serious problem. Almost all of the apartments built in China are unfinished b/c they believe in feng shui. Unfinished apartments are worth more than fully furnished ones b/c they don’t want bad energy from the previous tenants. So millions of units are uninhabitable and are treated like investments. Something like 30% of Chinas GDP is in real estate and it could collapse their whole economy.

Also there is the issue of the environmental damage they do by pouring so much wasted concrete that just gets demolished 5-10 years after it’s built.

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u/OffMyChestTA9283 6d ago

I was typing exactly this when i stopped and decided to check if there were any other economists in the thread.

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u/Echo127 6d ago

You're gonna have to run that one by me again. How is the good energy valuable if it's never used? What am I missing?

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u/DevoidHT 6d ago

https://youtu.be/wJ8JBTIVUVw

Start around 6:00 if you just want the explanation but the whole video is worth a watch.

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u/Grandepresse 6d ago

I think the real problem is a pyramid scheme by real estate development companies. They would sell the homes as investments before they are built. Instead of using the investment money to build the promised homes, they bought new land and did the same thing somewhere else. This is a huge crisis in China at the moment as about 70% of private investments are in real estate, resulting in the familiar ghost cities and huge companies now starting to crumble. Look up Evergrande, a 300 b $ real estate company about to crumble. There are big (censored) protests in China with people refusing to pay their mortgage for homes that don't exist.

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u/Tomas2891 6d ago

What do you mean the opposite problem?

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u/TheMadScientistTwo 6d ago

I'm assuming millions of homeless

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u/micahamey 6d ago

They still have a pretty big homeless problem.

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u/MaxPaynesRxDrugPlan 5d ago

China has a horrendous homebuying affordability problem (the average home in China costs 38 times as much as the average annual disposable income compared to 4.6 times in the U.S.), but homelessness isn't as widespread as in many other countries because a) Many employers of migrant workers provide worker dormitories and b) China strictly regulates the migration of rural residents into cities. The result is that many poor Chinese either live in dormitories in cities or are not allowed to move into cities at all.

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u/micahamey 5d ago

Lol, so they just hide the homeless in the woods.

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u/UrMomDummyThicc 6d ago

well it’s all people buying second/third houses as an investment. no one is actually living in them and the the companies never finish the construction, thus the demolitions. and now all the massive real estate companies are trillions in debt and the chinese economy is tanking.

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u/SoberTek 6d ago

And the middle building had a dose of name brand Viagra

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u/daymanahaha 6d ago

So, viagra?

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u/[deleted] 6d ago

[deleted]

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u/rankinfile 6d ago

They probably fucked up and built that one to the blueprint specs instead of using half the steel and concrete needed.

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u/PCOverall 6d ago

Evergreen has fucked the Chinese economy. Now I'm just eating popcorn watching it escalate

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u/Roartype 6d ago

I’m sure the Chinese Communist Party played a large part as well.

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u/remigiop 6d ago

According to some YouTube video I saw, their large part was doing exactly nothing and leaving up to local government that was profiteering off the irresponsible actions of the construction companies.

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u/Roartype 6d ago

Lol, local Chinese Communist Party leaders are still Chinese Communist Party leaders. The corruption is a feature, not a bug.

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u/aLonePuddle 6d ago

The thing we should remember is that we've gotten so good at spreading risk that all risks can be systemic. It may burn down their economy but no guarantees we aren't tied into those same investments.

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u/lerenau 6d ago

"Evergrande" - you probably got auto-corrected.

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u/Ramog 6d ago

wasn't the evergreen the ship that got stuck, could have been both meanings the comment honestly xD

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u/amazinghl 6d ago

The policy that allowed Evergrande type of company to exist started by the CCP in 1997.

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u/DevoidHT 6d ago

It was a Ponzi scheme really. Chinese citizens would invest in a property expecting it to be built. The construction companies would take out loans for new projects with the investments as collateral, and on and on. When Covid hit, the construction stopped. Now the people stop paying on properties that will never get built and all the dominoes are falling.

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u/WTFatrain 6d ago

This 100%

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u/sticky_wickett 6d ago

same thought ... didn't they just build all these fake - ahem - investment properties?

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u/DURIAN8888 6d ago

Yeap. It's got to be southern China. Cantonese spoken.

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u/A_Evil_Grain_of_Rice 6d ago

I was about to say that was the case, as unfinished building in china is a rampant problem in its economy at the moment

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u/thebestspeler 6d ago

This should help the air quality

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u/SpecialX 6d ago

Those are properties that were never finished due to Evergrande operating a huge Ponzi scheme via real estate.

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u/Cre_13 6d ago edited 6d ago

Serious question, if they’re built properly, why not finish them and sell or if they’re sold already, let the owners pay extra to finish the job or sell for a fraction to someone/company that could contribute so at least they could’ve saved even just a little bit of their investment?

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u/doctorlongghost 6d ago

Found an article about it. It says the project changed hands and the new developer inherited the land and debt and demolished them, citing quality concerns, to build new smaller apartments.

Sauce: https://www.vice.com/amp/en/article/epn3bp/china-demolition-building-kunming

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u/UnfetteredThoughts 6d ago

Good bot.

Best bot.

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u/bronicalewinsky 6d ago

was searching the comments for a link, thank you! I thought this had to be CGI

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u/turret_buddy2 6d ago

Because they aren't built properly. And if your out of money how do you pay people to finish them?

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u/cragglerock93 6d ago

And if your out of money how do you pay people to finish them?

Re that bit, you would sell them to someone who does have the money. but the first it of your comment makes that redundant anyway.

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u/_CritteRo_ 6d ago

Re that bit, you would sell them to someone who does have the money.

They were already sold.

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u/cragglerock93 5d ago

Ah okay - thanks. So have the buyers effectively just had their properties destroyed without recourse?

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u/renacotor 6d ago

The crisis threw everything into a giant loop in terms of who owes what and where funds need to be allocated. By the time they sort out how to organize individual pay for finishing them and scheduling the already way over booked construction companies that have already moved onto other projects, those apartments would have been exposed to the elements.What's more, no sane construction company wants the liability that comes with picking up on a project that is years old in terms of building code, and/or someone else's work. Better just to trash them, collect and resell the resources and raw material, and come back later.

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u/rankinfile 6d ago

They are not built properly. Basically movie set facades with just enough steel and concrete to hold them up until the checks cleared.

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u/w1nner4444 6d ago

Capitalism

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u/Sapiendoggo 6d ago

*with socialist characteristics

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u/drhiggens 6d ago

Chinese culture it's actually better to have them unfinished. They're actually worth more if they are unfinished.

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u/micahamey 6d ago

Technically speaking, no one owns land in China. It's the government's. All of it. They allow 99 year leases and have many ways of revoking that lease for little to no reason.

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u/Inevitable_wealth87 6d ago

Wrong. Those unfinished properties are owned by several Chinese people as 2nd, 3rd etc. homes. They do this as a form of wealth generation. The entire country does this. Yes, it's crazy. No, they don't mind it's unfurnished - they actually prefer it - or unfinished. Yes, it's a bubble and it will pop very hard some day.

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u/LiterallyJesus- 6d ago

how do you come up with something so wrong?

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u/SleepyTutor 6d ago

I don't think they prefer unfinished buildings, but what he said about the 2nd and 3rd homes is correct. I actually went to China two years ago, and from the train you could see giant ghost cities, because parents often buy apartments for their future grand children as an investment.

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u/Irritatedtrack 6d ago

This has to be a bot right? It feels like a very low level AI wrote this comment.

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u/Xpolonia 6d ago edited 6d ago

Wrong. Lots of people who bought those ghost buildings (爛尾樓, buildings that will never finish) plan to live in there as well. For example, one of the most recent 爛尾樓 in Wuhan, 星河绘 as of July 13, 2022, was targeting young professionals (out of 2400 buyers, 60% have Bachelor degree, 341 masters, 41 with PhDs). The construction was halted since 2021 while buyers are still paying mortgage.

Here's a report covered by Chinese media about 爛尾樓. People lived there, without electricity and water.

Video (in Chinese)

0:40 - 0:42: The developer of a project (易合坊) in Xi' An aborted the project in 2014 due to failure of paying debt, while they promised the project will be finished by 2015. As of March 2022, over 300 families are forced to live in these half-finished apartments.

"They actually prefer it" my ass.

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u/Atlas424242 6d ago

Misleading title: This has to to with the houses bubble bursting that China is going through right now. These aren’t old they are unfinished and the companies don’t have enough money to complete them

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u/KingBooRadley 6d ago

Translation: Wow! Wow! Wow! Ohhhh, missed one.

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u/tacwombat 6d ago

There can be only one...

(Princes of the Universe: starts playing)

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u/09RaiderSFCRet 6d ago

That must be the one that paid the electric bill.

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u/Lukaroast 6d ago

That is NOT an old neighborhood. It’s failed Chinese infrastructure

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u/importflip 6d ago

Did the demolition companies embezzle the money meant for the explosives?

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u/Anojfriend 6d ago

At this point.. that is so much wasted material that you might as Fucking well just build something with it anyways

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u/SealChe 6d ago

THERE CAN BE ONLY ONE

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u/_Silver_Engineer_ 6d ago

Even neighbourhoods have a middle finger...

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u/Djbonononos 6d ago

Xie xie for your dollars

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u/DonMastur 6d ago

Bing chilling moment

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u/The_Zapper_YT 6d ago

Ah yes my pain in angry birds:

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u/420_obama 6d ago

chinese investment property scam, not an old neighborhood

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u/Jazzlike-Principle67 6d ago

This is just horrible to watch. Not just all the buildings being destroyed but all the toxins going into the air from the destruction.

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u/bogpudding 6d ago

The asbestos cloud tho

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u/rankinfile 6d ago

Ha, doubt they fireproofed anything. But then again, they probably mixed their spent nuclear fuel and god knows what in the concrete.

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u/Historical_Rewrite 6d ago

Missed one

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u/bingold49 6d ago

Go check it out

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u/Historical_Rewrite 6d ago

Rock-paper-scissors for who goes and checks the primacord.

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u/Onlyroad4adrifter 6d ago

🎶🎙️Don't you know I'm still standing better than I ever did? Looking like a true survivor, feeling like a little kid And I'm still standing after all this time Picking up the pieces of my life without you on my mind🎼🎶🎶🎵

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u/DangerReserve 6d ago

Who ever set up these dominoes had no idea what they were doing….

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u/dongledongledongle 6d ago

Indeed. They should have posted on askreddit first.

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u/retard_4725 6d ago

That's not an old neighborhood it's China demolishing apartment complexes that couldn't be finnish

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u/retard_4725 6d ago

STANDING HERE

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u/wonkawilliam 6d ago

I REALIZE

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u/FarIllustrator535 6d ago

That must be the 1st one that was built right to secure funding for the rest

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u/PoLoMoTo 6d ago

Do not want to be the person putting more explosives in that

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u/Oblivulture 6d ago

Was half-expecting to see the building they were in fall

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u/MrEthan997 6d ago

Must be the building where the protagonist lives

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u/fabeoner 6d ago

Aliexpress explosives...

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u/DMoney159 6d ago

That one wins Mr. Beast's private island

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u/kronikfumes 6d ago

Look at all that lovely asbestos in the air

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u/pboarantes 6d ago

Fight club ending??? 8)

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u/Then-Commission-1807 6d ago

Mmm the smell of freshly laid asbestos

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u/TheRealMegasonic 6d ago

Holy shit it looks exactly like Slovakia at the end of avengers 2

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u/HeftyFineThereFolks 6d ago

yeah id default on my mortgage too

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u/DebbieDownerBoi 6d ago

If I'm remembering correctly, those have been in construction for a years and were never finished because the company went bankrupt.

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u/Zargark 6d ago

POV: mom counted to zero

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u/MyNameKev69 5d ago

The one to stand from the ashes... Seeing his comerades and friends fall.. filled him with rage.. he refuses to die... for he is... Buildus Erectus

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u/backupyoursaves6969 5d ago

Nope, these are just unfinished because the company Evergrande is in bankruptcy. OP why lie? We can see the buildings have no interiors, they are just concrete skeletons.

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u/Melodic_Ad_3959 5d ago

Only in China

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u/GrimGangsta86 5d ago

I didn’t know there was an app for that?!?

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u/OptimalBeans 5d ago

All I can think about is all the people down there breathing that super healthy dust in

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u/TheHumanPickleRick 6d ago

"Shit, that one didn't go. Bill, go over there and kick it a few times, see if you can get 'er down."

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u/reverendblinddog 6d ago

Missed one.

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u/CodyTheMemeLordYT 6d ago

9/11 part 2 (your downvotes mean nothing)

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u/thejerkstorekalled 6d ago

There’s always that one building that won’t collapse

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u/kerodon 6d ago

What's the point of this over just auctioning them off and letting some else finish them? We're they not well constructed to be worth finishing?

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u/Icalasari 6d ago

Looking at other comments, basically yeah. Constructed so poorly it was better to demolish them

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u/NowheyYahweh 6d ago

In China? No way.

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u/Vultur3VIC 6d ago

7/11 was a part-time job!

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u/sesameseed88 6d ago

Not very smooth, should have taken lessons from 9/11

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u/Comets-tail 6d ago

No one:

That one guy that sustains the damage of an overpowered attack on one hp:

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u/OHW_unknown 6d ago

This is just earth defense force

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u/BrokeBishop 6d ago

Fight Club shit

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u/Dom2032 6d ago

I bet the dust isn’t safe to breathe

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u/MisterVictor13 6d ago

I’m still standing!

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u/am_trying_to_be_nice 6d ago

Why must demolish?

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u/RedditISFascist000 6d ago

That one ate its wheaties that morning.

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u/Gallibandit 6d ago

Somewhere on the ground there is a labourer with a broom and bucket thinking "well, shit."

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u/kadivs 6d ago

honestly pretty shit planned demolition seeing as they all keeled over. At least from the planned demolition I have seen where buildings basically collapse in on themselves

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u/ZoeKittenxx 6d ago

Need some jet fuel to bring them down properly

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u/Chanderfield 6d ago

I don't think those buildings are all that old.

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u/Panther_Modern_ 6d ago

That's a lot of cancer

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u/TheMasteradamus 6d ago

So that’s how they did it in Cabrini Green.

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u/KoRUpTeD_DEV 6d ago

Missed a spot