☆ Yσɠƚԋσʂ ☆@lemmy.ml to news • 4 months agoThe Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.external-linkmessage-square47 fedilinkarrow-up1166cross-posted to: china@lemmygrad.mlworldnews@lemmy.ml
arrow-up1166external-linkThe Central Bank of China will use $42 billion to buy back unsold new buildings, which will then be converted into affordable housing.☆ Yσɠƚԋσʂ ☆@lemmy.ml to news • 4 months agomessage-square47 Commentsfedilinkcross-posted to: china@lemmygrad.mlworldnews@lemmy.ml
minus-squareidkmybffjoeysteel [he/him]hexbear27·4 months agoHope they paid "market value" and not inflated prices link
minus-squareDetectorist@lemmygrad.mlhexbear8·edit-24 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. linkfedilink
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.