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'Ghost Towns' Of The Recession: Tampa, Dublin And 7 Others

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From Tampa to Dublin to Alicante and Dubai empty condos and villas that were never home to anyone, litter the landscape as a sterile reminder of a party that never was. But perhaps the biggest housing bubble of them all has just been popped - deliberately by the Chinese government who saw that Shanghai and Beijing real estate increases were unsustainable. Over the last month, Beijing housing prices have fallen at a unbelievable 377% annualized rate, possibly heralding part III of the Great recession following the US banking collapse and European sovereign debt crisis.

Read the whole story at oobject.com

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oobject » 9 ghost towns of the recession