Inflation-adjusted home prices in China have fallen below where they started two decades ago, and the fiscal fallout is hitting local governments even harder than developers.
Building and renting out should be non-profit based. It should cover it’s cost, but not be attractive to investors - that keeps the prices from rising. Doesn’t mean that the people doing this work shouldn’t be able to live a decent life, but non-profits can pay normal salaries too.
Building and renting out should be non-profit based. It should cover it’s cost, but not be attractive to investors - that keeps the prices from rising. Doesn’t mean that the people doing this work shouldn’t be able to live a decent life, but non-profits can pay normal salaries too.