- Miller Samuel Real Estate Appraisers & Consultants - http://www.millersamuel.com -

[VIDEO] Chinese Housing Bubble Version of ‘The Truman Show’

To keep the sales going, developers in the massively bloated Chinese housing market are getting more creative. This NY Times short documentary [1] is fantastic and surreal. I’d chalk it up to simply bizarre, if there wasn’t such a desperate undertone to it.

It reminded me of “The Truman Show [2]” movie where everything Jim Carrey’s character saw was fake, made for him. However in the Chinese version, everyone knows it’s fake but embraces it.

With the massive oversupply, no wonder savvy Chinese investors are extracting as much wealth as they can and investing overseas in anticipation of that day of reckoning.