[forum456]

https://finance.yahoo.com/news/china-hom...48835.html

[revealer]

It is a good thing they cut mortgage rates but this applies only to unsold properties and for 1st time and 2nd home owners. They tried to cut mortgage rates 4 existing home owner last yr but failed as banks r dragging their feet. The problem is only half solved.

https://www.caixinglobal.com/2023-08-09/...91565.html

[teaserteam]

It is a good thing they cut mortgage rates but this applies only to unsold properties and for 1st time and 2nd home owners. They tried to cut mortgage rates 4 existing home owner last yr but failed as banks r dragging their feet. The problem is only half solved.

https://www.caixinglobal.com/2023-08-09/...91565.html

sell into the strength.  治标不治本。  They need to destroy the debts.

[teaserteam]

How much can the 1st time and 2nd home buyer save?  Answer:  just enough to get free utility.  What they wanted was to lower their debts and have permanent employment and cuts in housing and land prices plus more salaries and income.

[revealer]

Good effort by Chinese Government now causing social complaints and discomfort

https://www.businesstimes.com.sg/propert...homeowners