Friday, October 7, 2011

Chinese home buyers typically put down at least 40 percent of the purchase price

Deflating China's housing bubble

The IMF's housing policy recommendations to Beijing earlier this year were to raise interest rates, develop financial markets, and introduce a broad-based property tax.

Posted by mark @ 01:01 PM (1309 views)
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2 thoughts on “Chinese home buyers typically put down at least 40 percent of the purchase price

  • mark wadsworth says:

    “a broad-based property tax”

    Yay! The joke is that the bloke who founded Taiwan was a big fan of LVT and introduced it wholesale (it has been watered down a lot since) so the Chinese Communists refused to have anything to do with LVT, seeing it as some horrribly Western capitalist invention.

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  • yes but houses there cost 12 quid.

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