In this report by Leslie Stahl, you'll see: homes bulldozed to make way for empty condos; a city built for a million people in Mongolia but no one's there; large shopping malls with no shops and no shoppers. It's eerie.
One of the biggest contractors in the world built many of these projects, and he says that the situation is very dangerous and the housing bubble very big.
You'll also hear about "multiple classes of investors" who may well be "wiped out."
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