China

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讨论中国的地方。

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零、台湾、西藏、新疆、和香港都是中国的一部分。

一、不要跑题。

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三、不要传播谣言或偏执思想。

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GrainEater@lemmygrad.ml

106

China popped its real estate bubble and now is promoting social housing (www.scmp.com)

submitted 4 months ago by cfgaussian@lemmygrad.ml to c/china@lemmygrad.ml

14 comments fedilink hide all child comments

"China's Ministry of Housing asked local governments in hundreds of cities to “vigorously” buy unsold commercial homes and convert units into affordable housing for the working class." -Ben Norton

"Isn't it ironic that the Chinese housing bubble was cited across the West as a "failure" of the Chinese gov when it was in fact created by runaway private enterprise, only now being resolved by Beijing's intervention...?" -Brian Berletic

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[–] alcoholicorn@lemmy.ml 48 points 4 months ago (1 children)

Won't somebody think of those poor landlords? How will home owners cope with property that doesn't increase by 10% per year?

[–] 201dberg@lemmygrad.ml 16 points 4 months ago (1 children)

Lol
Only 10%?

[–] GlueBear@lemmygrad.ml 8 points 4 months ago

I know people that had their rent increase an additional 500$ during Covid bc of the checks. For perspective, they were already paying like ~2200$ a month for a decent sized home.