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 · 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.

Sebrof [comrade/them, he/him] · 6 months ago

Did China not get the memo that is was supposed to collapse?

DragonBallZinn [he/him] · 6 months ago

According to all the soyfacing finance bros on YouTube, affordable housing IS the collapse. After all, how are those poor browns supposed to build wealth through equity now! Housing abundance kills Muh invoostment.

Sebrof [comrade/them, he/him] · 6 months ago

Shows what I know about economics!

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

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

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