Rx_Hawk [he/him]

Non nobis solum

  • 40 Posts
  • 519 Comments
Joined 2 months ago
cake
Cake day: March 22nd, 2024

help-circle











  • Yeah you could call it state capitalism or a bailout, the end result is more affordable housing. I’d rather bailout housing speculators than market speculators.

    Also Friday, the PBOC removed a floor on mortgage interest rates, and lowered the minimum down payment ratio for first- and second-time home buyers.

    Developers “that must go bankrupt should go bankrupt, while those that need to be restructured should be restructured,” Dong Jianguo, deputy head of the ministry of Housing and Urban-Rural Development, told reporters in Mandarin, translated by CNBC. He said homebuyers’ interests and rights should be prioritized, and those that violate the law should be punished.