388

China's housing minister says real estate developers must go bankrupt if necessary(www.cnbc.com)

posted
by
Avatar
schizoidman@lemmy.ml
in
Avatar
worldnews@lemmy.ml
77 comments
hidereport
Sort:
HotTopControversialNewOld
You are viewing a single thread.
View all comments View context
Avatar
realharo@lemm.ee
2 points
*

But what is the actual real-world practical solution for those people?

Are they now just going to be broke (or even in debt) with no place to live?

permalink
report
parent
reply
Avatar
Alsephina@lemmy.ml
3 points

Someone buying an unfinished building likely already has a home. If they don’t they can buy one for much cheaper now since housing prices have gone down cuz of the real estate bubble popping.

permalink
report
parent
reply

World News

!worldnews@lemmy.ml

Create post

News from around the world!

Rules:

  • Please only post links to actual news sources, no tabloid sites, etc

  • No NSFW content

  • No hate speech, bigotry, propaganda, etc

Community stats

  • 5.6K

    Monthly active users

  • 11K

    Posts

  • 118K

    Comments

Community moderators