Usually a good contra-indicator for economic health.
How so? Are there historical examples?
That’s easy: Japan.
Tallest Under Construction Buildings in the World
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Re: Tallest Under Construction Buildings in the World
#12Do we know what lead to skyscrapers being built? Intuitively I'd think economic prosperity and density. However, Europe has a pretty good economy, is more densely populated than many other regions, yet hardly any skyscrapers to speak of. Do they maybe get built when you need lots of space in the same location quickly? Like when you have a extreme high growth company. Given most skyscrapers are used by several completely different business, that doesn't fit the bill either.
This is not meant as a criticism of skyscrapers. In have I LOVE skyscrapers, especially ones with nice bars on top. I just want to understand what circumstances lead to them being built.
Re: Tallest Under Construction Buildings in the World
#13Usually a good contra-indicator for economic health.
[deleted]
Re: Tallest Under Construction Buildings in the World
#14Usually a good contra-indicator for economic health.
How so? Are there historical examples?
They're talking about the so-called skyscraper index, "a whimsical concept put forward by Andrew Lawrence," but which posits that a spate of skyscraper building precedes an economic downturn but it is a conjecture that hasn't been verified†.
“A study by Barr, Mizrach and Mundra (2015) […] They find that there is virtually no relationship between the timing of record-breaking buildings and the business cycle. […] In other words, the study finds that extreme height is driven by rapid economic growth, but that height cannot be used as an indicator of recessions.”
† https://en.wikipedia.org/wiki/Skyscraper_Index#Empirical_tes...
Re: Tallest Under Construction Buildings in the World
#15One very tall skyscraper might be a contra-indicator for economic health, like Dubai. All the wealth is concentrated in a few hands. But lots of tall skyscrapers going up everywhere? Lots of people are accumulating lots of wealth. That's some form of progress
Re: Tallest Under Construction Buildings in the World
#16Earlier quoted context omitted.
How so? Are there historical examples?
That’s easy: Japan.
The statement was: "Usually a good contra-indicator for economic health". It's a surprising and counter-intuitive claim. Requires more than a single example. It at least requires more examples than you can find to show the opposite of the claim.
Re: Tallest Under Construction Buildings in the World
#17Do we have someone here that could explain how this could affect the world if/when an economic crisis hits China? (only talking about the building construction)
Hard to say. There are entire ghost cities in china because people cannot afford to live there. If an economy crisis hits china it’s possible that the entire world is in trouble (though not all countries). These things are hard to predict but china more or less uses local workers and materials. Only companies and people’s investments tied to those companies would in theory be in trouble.
This again. Name even one. Point us to even one "entire" ghost city. Honestly, people will parrot any old thing that sounds dramatic without ever bothering to find out for themselves if it's true.
Re: Tallest Under Construction Buildings in the World
#18And 0 in Europe.
Re: Tallest Under Construction Buildings in the World
#19That's the related list of completed tallest building: http://www.skyscrapercenter.com/buildings?list=tallest100-co... At the moment Shanghai (China) is the cities with most sky scrappers in the world.
@frik – many of your comments (including this one) are dead. Can't tell from your comment history why.
Re: Tallest Under Construction Buildings in the World
#20Earlier quoted context omitted.
That’s easy: Japan.
The statement was: " Usually a good contra-indicator for economic health". It's a surprising and counter-intuitive claim. Requires more than a single example. It at least requires more examples than you can find to show the opposite of the claim.
Japan is the most apt example. Excess is usually an indicator that a crisis is on its way. The housing bubble pre 2008 in the USA, the roaring 20s before the Great Depression. This isn’t a controversial observation that steep rises are typically followed by even steeper falls, which is why the balloon analogy is so apt. But ATM, china’s situation most resembles Japan.