109
China popped its real estate bubble and now is promoting social housing (www.scmp.com)
submitted 2 years ago by [M] to c/china@lemmygrad.ml
14 comments fedilink hide all child comments
 

"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

you are viewing a single comment's thread
view the rest of the comments
[–] 13 points 2 years ago (1 child)

I keep saying this bc it's true: China is where dreams become reality, and the west is where dreams go to die.

Affording/owning a home is a dream for so many people in the west. And that's what it will stay as: a dream.

  • permalink
  • fedilink
  • source
  • hideshow 1 child comment
    •