China has a ‘ghost town of abandoned mansions’

China had an inflation rate of -0.4% in August 2025

As opposed to other G20 countries that are largely struggling with high inflation rates, China is facing deflation. Sluggish growth in the country's once booming real estate market is just one glimpse into the consumer slowdown triggering deflation.

Take a 360-degree look inside Hong Kong's coffin homes

Hong Kong's lack of affordable housing is forcing hundreds of thousands of residents to live in "coffin homes" — a tiny partitioned apartment that is about the size of a coffin. Experience life inside a coffin home through this 360 VR video.

'Ghost towns' are rarely known for ghost sightings

Instead, they're places an industry has abandoned, leaving many of the town's buildings decrepit and abandoned. That doesn't mean they're completely empty; some folks prefer the pace and look of ghost towns, which often lean into their Old West aesthetics. The Vox documentary explores ghost towns in Nevada, which is home to more than 600.

Why Americans keep buying McMansions

Some argue that McMansions—large, relatively newly built, amenity-filled, cookie-cutter homes—are ugly. Others say they're just not a good investment. And yet Americans continue buying them. This video explores why McMansions are still popular despite these criticisms, and how these homes got their start in the first place. Watch the video here.

The massive sinkholes of China

Parts of China's limestone-rich terrain is fertile ground for massive caves, where some of the world's largest sinkholes are located. Hidden away in dense, lush forests, geologists are frequently discovering new sinkholes to explore. This piece...

Learn about what causes economic bubbles, including how forces like cheap credit, soaring optimism, and feedback loops push asset prices far beyond fundamentals—until a single shock triggers panic, selling, and a rapid collapse.

An exploration of the life and death of US malls

American malls sought to recreate the cohesion of a downtown shopping center but with the indoor, quiet convenience of a rural or suburban setting. First developed in the 1950s, malls quickly took off and became the spine of American retail shopping. In the last two decades, online retail has forced many to close, leaving behind peculiar, vast abandoned spaces. Pick through the stark nostalgia with this fascinating photo essay.

Abandoned Detroit: the decline of America's car mecca

Detroit, Michigan, began as a fur trading post in the 1700s but would become the world epicenter of car manufacturing in the 1900s after Henry Ford developed his paradigm-shifting assembly line at a plant there. Racial tensions, a lack of economic diversification, and poor leadership would plunge the city into poverty and decay in the late 1900s, culminating in a 2014 bankruptcy. Browse the somber images of the city's abandoned spaces here.

The architectural evolution of New York City's Chinatown

Cityscapes continuously evolve, and each stage in their transformation tells a unique story. In Manhattan's Chinatown from the 1940s to today, the architecture has bloomed from an ethnic conclave for often mistreated migrants to a vibrant cultural hub today. See varying elevations and facades over time.

Charting the rise of the American McMansion

US homes are growing larger and more luxurious, with Census Bureau data revealing a rise in four-bedroom houses equipped with air conditioning. Experts say the trend of elevated home prices is expected to continue.

Shenzhen, China is known as the 'Silicon Valley of Hardware'

The "Silicon Valley of Hardware" is a major manufacturing hub. This WIRED documentary from 2016 does a deep dive into how this Chinese city's practice of copycat manufacturing alongside its innovative culture has made it China's own Silicon Valley.

China is making a deliberate push towards becoming a cashless society, making digital payment services like Tencent's WeBank even more valuable.

Inside the most crowded place on Earth

Once the densest place on Earth, Kowloon Walled City was a chaotic labyrinth of stacked homes, hidden corridors, and thriving underground life.

Data center companies are worsening housing undersupply in some regional markets.

Abandoned malls prompt 'liminal' vibes of being stuck in time

A Toronto-area tour of empty malls brings participants face-to-face with the past. Part nostalgia, part archaeology, this meditation on the "liminal" spaces of a bygone era provokes eerie reflections on our relationship to time and place.

At one point, the land underneath the Imperial Palace in Japan was reportedly worth more than California

Before Japan's economy crashed and sent the country into two decades of deep deflation, the real estate market was experiencing euphoric highs. The Imperial Palace never actually went on the market, so it's difficult to actually compare the value to California.

Before the Great Recession, lax requirements to get a mortgage resulted in mass defaults that left nearly 19 million homes vacant.

1970s New York was viewed by many as a city in decline

By 1975, the city owed $5B to $6B in short-term debt; over a million manufacturing jobs had left the city since the end of World War II. Meanwhile, the murder rate was more than double than 10 years earlier. Graffiti was seen as illegal vandalism perpetrated by unsupervised teenagers and was viewed by some as emblematic of the larger societal decline.

A history of China's ancient hidden tombs

Like many ancient cultures, the Chinese had a tradition of burying the dead in elaborate tombs, which would serve as both burial places and residences for the deceased. Archaeological evidence of these tombs, including those of former emperors, provides insights into the country's cultural evolution.

China's National Sword policy banned imports of most recyclable materials

In 2018, China stopped accepting most of the world's recyclables. This highlighted how dependent the US recycling system was on a single foreign buyer and forced cities to landfill materials they had once diverted.

Watch a tour of Tencent's sprawling headquarters, focused on tech and health, located in China.

China developed an artificial closed ecosystem in preparation for a future lunar base

Yuegong-1, also known as Moon Palace 1, was a Beijing facility where volunteers simulated life on a colony and conducted experiments on bioregenerative life support systems to assess their viability in an off-Earth environment. The longest experiment at the 0.04-acre facility lasted 370 days.

Smart cities like Songdo, South Korea, have created isolating environments

Built as a futuristic, eco-friendly city filled with smart features like pneumatic trash systems and app-controlled homes, the town provides limited opportunities for face-to-face interactions amid sterile backdrops. A focus on high-rise housing amplifies the lonely, disconnected atmosphere.

Chinese citizens express both support and frustration toward smart city surveillance

Although surveillance is viewed as necessary for enhancing morality and enforcing regulations, many citizens adopt mental tactics to distance themselves from it. Surveillance is linked to China's historical "century of humiliation," following the Opium Wars and Japanese invasion.

The billion-dollar ghost town in Baltimore

As a Rust Belt city looking to revitalize its economic core, Baltimore, Maryland, sought big investments from developers and municipalities. The so-called Baltimore Peninsula is a billion-dollar neighborhood in south Baltimore initially prompted by the investment of Under Armour CEO Kevin Plank. In 2025, the glossy, grand urban neighborhood is still empty, with fully-built condos and retail spaces.

Indicators of economic bubbles include euphoric narratives and extreme valuations.

In China, deepfaking a dead loved one has become a growing industry

Digital replicas of the deceased provide individuals with another way to process grief in a culture with long-standing traditions of communicating with ancestors. The emotional and ethical implications of "digital immortality" are complicated further by cases of actors impersonating deceased relatives during deepfake video calls to hide their deaths.

Fracking brought short-term wealth and long-term collapse to Rock Springs, Wyoming

In the early 2000s, the fracking boom transformed the quiet mining town into a hub of oil field laborers with plentiful job opportunities. Once the boom faded and industry left, unaffordable housing, unsafe working conditions, and drug epidemics left many residents with no prospects amid a disappearing way of life.

China makes 90% of the world's fireworks, with Liuyang as its production capital

Fireworks were invented in China, but their predecessor, the firecracker, was discovered in Liuyang upon burning bamboo. Pyrotechnics have since become part of the city's culture. Liuyang has won many international fireworks display competitions.

How did China go from an empire to a republic?

In the 1800s, as China's economy was in flux, foreign imperialist powers began appearing on the horizon, leading China to lose land and influence in the region. This 48-minute podcast episode explores how this destabilization set the stage for the...

Watch a North Carolina house collapse into the ocean

While the Outer Banks experiences beach erosion, rip currents and overwash from a nor’easter along the coast, a seaside house in Rodanthe collapsed Tuesday.

Fascinating photos of abandoned Italian churches

Whether cloaked in thick moss and debris or almost entirely preserved, the abandoned churches photographed by Roman Robroek document the effects of a changing landscape. At least 1,000 of the religious spaces are left unoccupied in both small towns and cities throughout Italy and stand in varying stages of decay.

Nearly all of China's construction sand is artificial

Roughly 50 billion tons of sand are used in construction every year, mostly extracted from oceans, beaches, and rivers. To avoid depleting natural sand deposits, China crushes rocks and used materials to create an artificial sand, which it uses in 80% of its construction projects.

See the world's longest glass-bottom bridge in China

China's Huangchuan Three Gorges Scenic Area sports the world's longest glass-bottom bridge, spanning over 1,700 feet. Designed by the Architectural Design & Research Institute of Zhejiang University, it stands 660 feet above the Lianjiang River. The bridge features bright red towers, an 29-foot-wide deck with three layers of thick glass, and can support 500 people. The bridge surpassed the previous record-holder, a 1,600-foot bridge in Hebei province.

Construction of small, affordable starter homes has decreased 75% since the 1970s.

How cigarettes took over China

In 2022, China had a fifth of the world's population and bought nearly half of the world's cigarettes. This investigation explores how China became plagued by tobacco consumption, something epidemiologists say will strain the country's health system...

The lifecycle of a financial bubble often follows a predictable pattern

Economist Hyman Minsky originated what became a five-stage model of an economic bubble: a new “displacement,” a rapid boom, euphoric speculation, early profit-taking by insiders, and finally panic selling. From Japan’s 1980s real-estate surge to the 2008 crash, the pattern repeats across eras and assets.

Santa Barbara once had a thriving Chinatown and Japantown

In the late 1800s, the city had an influx of immigrants from China and Japan, prompting the growth of areas dominated by their respective cultures. Earthquakes and world wars, as well as a push for Spanish Colonial architecture, led to their eventual decline.

Hear Ray Dalio talk about the growth of the Chinese economy

Dalio was an early advocate of US investment in China. While he has previously criticized the authoritarian regime, his criticism of the government has been labeled mild relative to his praise for economic growth and innovation—critics argue that he has minimized human rights violations in the country.

Despite being one of the world's richest nations, Switzerland has the highest household debt of any country in the world, totaling 125% of its GDP.

View a photo essay of renewable power landscapes in China

Using a drone, Chinese photographer Weimin Chu captured the deployment of solar and wind power installations across the country, which accounted for half of all global installations in 2025. The images show modern infrastructure juxtaposed with natural landscapes and was featured in an award-winning exhibition presented by Greenpeace in 2025.

Why can't we just turn the empty offices into apartments?

As both rent prices and mortgage rates rise across the US, many companies have simultaneously continued operating hybrid or remote workforces post-pandemic. A podcast episode dives into why city dwellers aren't all living in their prepandemic break rooms just yet.

Hong Kong: British colony turned Chinese police state

This 15-minute video explores how Hong Kong has changed since China reclaimed the territory from Britain in 1997. Hong Kong became a British colony after the First Opium War, a conflict arising from Britain's attempt to equalize trade with China through smuggled opium. Democratic rights assumed by Hong Kong residents, such as the right to protest, have been in peril since the 1997 shift, according to this video.

Henry David Thoreau's 'Walden' is a popular text with young people in China exhausted by the country's emphasis on achievement.

Singapore grew its homeownership rate from 27% to 90% in less than 30 years

That progress stemmed from Singapore's founding prime minister, Lee Kuan Yew. He used a three-pronged approach to the homeownership solution: create affordable housing; make financing readily available to people of all walks of life; and help people gather down payments.

Despite record-high housing costs, Gen Z homeownership is surging

Many Gen Z homeowners have compromised on location and tightened their expenses to make buying a home possible. In 2025, 4% of homebuyers were Gen Z, up from 3% the year before.

COVID-19 disruptions revived ancient chinampa farming in Mexico City

When the pandemic disrupted food supply chains, chinamperos—farmers who cultivate the Aztec-era “floating gardens” built atop shallow lakebeds—shifted to direct sales in the city, boosting their visibility and reconnecting residents with a longstanding local agricultural tradition.

Subprime lending practices, which fueled the housing bubble, surged after 2000.

One filmmaker turned an abandoned high school into a film studio

In 2017, Jeremy Garelick purchased a vacant school in Liverpool, New York, and turned it into a comedy production studio aimed at social media. The gambit has been successful, with the studio's two TikTok accounts earning over 1M combined followers.

US homes have been shrinking in recent years

Specifically, the median square footage of new single-family homes in the US has decreased in each of the past several years. In 2015, the typical new-construction home was about 2,467 square feet—but by 2024, that number had shrunk to 2,146 square feet.