Beijing and Shanghai cuts down payments to revive housing markets
www.scmp.com
‘Beijing’s policy change around home purchases has important implications for the whole country,’ senior Fitch Bohua analyst says.
  • FoolishSage@lemmy.worldEnglish
    72·
    9 months ago

    I think they mean for purchase rather than for rent. Having to pay 80% up front is almost the same as not getting a loan in the first place

    • rdyoung@lemmy.worldEnglish
      15·
      9 months ago

      I don’t think so. Paying 80% upfront to buy makes no sense. 80% of a months rent as a deposit, makes sense, 80% of the term makes no sense.

      They also haven’t responded so we are just speculating but it has to be to rent not buy. If it was that high of a deposit to purchase, you might as well pay all upfront and that would seriously limit the number of people able to purchase.

        • rdyoung@lemmy.worldEnglish
          14·
          9 months ago

          Do you have firsthand knowledge of this? Or are you just trusting what OP posted because they said it first? If the second one is true, do you also think trump is your lord and savior?

          • qdJzXuisAndVQb2English
            31·
            9 months ago

            Nobody in this thread has offered sources one way or another. You appeared to be having difficulty understanding OP’s point, hence my comment. As for your final question, two things:

            1. Fuck your US-centric assumption, I luckily don’t have to care about Trump, I have my own country’s politics to worry about.

            2. Trump clearly lives in your head rent free, that’s not good.