Jackson Hole bucks the trend: It is a living community, a mix of older families and retirees drawn by what Smith agrees is a serendipitous confluence of factors—co-operative developers, clever marketing, and a great location. But Smith fears there’s a downside to the speculation. “At this point, the Chinese are in such a rush to buy everything, it may not hold its value down the line,” she says. “Jackson Hole doesn’t have that problem; people want to stay there.People want to live there. We've done something positive—it’s not just for the money."
Not every fake European village is so successful. Luodian New Town , also known as North European New Town, is a development in Shanghai’s suburban Baoshan district supposedly based on the historic Swedish town of Sigtuna.According to Bosker, “its foreign architects [Swedish firm Sweco] failed to take into account Chinese lifestyles or customs—specifically, the principles of feng shui.” The developers at first banned any remodeling but, as homes failed to sell, they caved. On visiting, Bosker “found the neighborhood to be a mess of construction, as homebuyers eagerly carved up the houses to fix their feng shui.”
Anting German Town, a failed experiment located about 20 miles outside Shanghai, is another example. “The [Chinese wanted] half-timbered buildings and medieval romance,” Der Spiegel explained in a 2011 postmortem. “But the architecture firm Speer thought it knew better and built a modern German residential quarter [where] nobody wants to live.” The truth, as the article admits, is more complicated than just aesthetics—the town lacked the life support of proper infrastructure.
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