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GrainEater@lemmygrad.ml

China Vows to Accelerate New Affordable-Housing Model (au.news.yahoo.com)

submitted 3 months ago by yogthos@lemmygrad.ml to c/china@lemmygrad.ml

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[–] Sodium_nitride@lemmygrad.ml 16 points 3 months ago* (last edited 3 months ago) (1 children)

It will also make it easier for some cities to remove or ease restrictions on the number of properties an individual or household may own.

Not a big fan of this move. This will make speculating on houses easier and more attractive. Which goes against the stated shift in housing policy.

I know home equity makes a big part of Chinese households' wealth, and thus confidence to purchase and drive the economy, but that shows a structural weakness that had embedded itself into the Chinese economy due to market reforms.

Hopefully, the other measures will counteract any negative influence from this crisis.

[–] yogthos@lemmygrad.ml 8 points 3 months ago

not a fan of relaxing restrictions on property ownership either, but yeah we'll see how it shakes out in the long run