City governments will be encouraged to buy unsold properties for affordable housing, the Economist reports. Not unlike how capitalist countries operate. (Economist, May 26, 2024, p. 64)
It might even solve most of its surplus property in China.
Here in the states, the problem in the housing industry is that the interest rates are too high for your, first-time property owners to afford a house. But it should change as inflation comes down. Here's hoping!
My opinions.
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