☆ Yσɠƚԋσʂ ☆@lemmy.ml to news@hexbear.netEnglish · 5 months agoThe Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.www.caixinglobal.comexternal-linkmessage-square45fedilinkarrow-up1164arrow-down10cross-posted to: thedeprogram@lemmit.onlinebrainworms@lemm.eechinaworldnews@lemmy.ml
arrow-up1164arrow-down1external-linkThe Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.www.caixinglobal.com☆ Yσɠƚԋσʂ ☆@lemmy.ml to news@hexbear.netEnglish · 5 months agomessage-square45fedilinkcross-posted to: thedeprogram@lemmit.onlinebrainworms@lemm.eechinaworldnews@lemmy.ml
minus-squareidkmybffjoeysteel [he/him]@hexbear.netlinkfedilinkEnglisharrow-up27·5 months agoHope they paid “market value” and not inflated prices
minus-squareDetectoristlinkfedilinkEnglisharrow-up8·edit-25 months agoThat’s where my mind went too. Otherwise it’s just a bailout for the “investors”, albeit with a better outcome possibly since they’re converting them.
Hope they paid “market value” and not inflated prices
That’s where my mind went too. Otherwise it’s just a bailout for the “investors”, albeit with a better outcome possibly since they’re converting them.