[revealer]

Really wonder if any of this can work.
Property investors already over committed and last year many protested because their proepprty were not built as they pay mortgages. 

One of the ways the US propeprty market could come.back after a bust like the one in 2009 is the property loan is non recourse meaning if you cant pay debts bank take your proepprty and that settles the debt clean. They cannot go after you anymore

This allows investors to move on later the propeprty market can come back.

Slightly different in China.  The property crisis involves many parties,  the banks,  the buyers, the developers, the local governments and uncompleted housings whereas the US one involves mainly the banks and the buyers.  It is more complicated and complex for the case in China.