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https://www.zerohedge.com/news/2018-...ubble-policies
Sometimes I wonder how China managed to maintain the bubble in the real estate market. Now we know how. By getting state banks to bailout the developers. The banks will then hire purchase out these apartments by offering a mortgage that is even lower than deposit rates!
Sometimes I wonder how China managed to maintain the bubble in the real estate market. Now we know how. By getting state banks to bailout the developers. The banks will then hire purchase out these apartments by offering a mortgage that is even lower than deposit rates!