Back in Hanoi and Tay Ho, our neighborhood, I am really surprised about the construction mania that keeps going on with a frenzy I have never seen in my life. On every street, houses in perfect conditions are being torn down over night, only to immediately be replaced by new, bigger and taller ones. Rather than lower the rent this is what happens to houses that aren't being rented in a month or two, in an area where land is as expensive as in Tokyo and the credit crunch something that happened far away in the West.
But - who needs five floors in stead of four, four in stead of three, yet another bathroom and even more fancy (ugly) tiles in the kitchen?
And it is still sooooooo hot...
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