China unveils 'historic' steps to stabilise crisis-hit property sector - Printable Version

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China unveils 'historic' steps to stabilise crisis-hit property sector - forum456 - 18-05-2024

https://finance.yahoo.com/news/china-home-prices-fall-fastest-015248835.html

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RE: China unveils 'historic' steps to stabilise crisis-hit property sector - revealer - 18-05-2024

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/in-depth-chinese-banks-balk-at-regulatory-support-for-rate-cuts-to-existing-mortgages-102091565.html

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RE: China unveils 'historic' steps to stabilise crisis-hit property sector - teaserteam - 18-05-2024

(18-05-2024, 08:33 AM)revealer Wrote:  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/in-depth-chinese-banks-balk-at-regulatory-support-for-rate-cuts-to-existing-mortgages-102091565.html

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

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RE: China unveils 'historic' steps to stabilise crisis-hit property sector - teaserteam - 19-05-2024

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.

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RE: China unveils 'historic' steps to stabilise crisis-hit property sector - revealer - 07-06-2024

Good effort by Chinese Government now causing social complaints and discomfort

https://www.businesstimes.com.sg/property/guess-whos-angry-chinas-real-estate-bailout-homeowners

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