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