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news • 6 months ago

The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

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The Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.

☆ Yσɠƚԋσʂ ☆@lemmy.ml to

news • 6 months ago

PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes - Caixin Global

www.caixinglobal.com

PBOC to Provide $42 Billion Cheap Loans for Program to Buy up Unsold Homes - Banks to pass on lending to local state-owned enterprises to buy unsold properties and resell or lease them as affordable housing

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CrackBurger [none/use name]
·
6 months ago
Pretty sure about 9/10ths of American apartments are filled with no people because rent is too high

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