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 profitable. Else nothing is built for renters. Problem is companies buying homes (not building) and try to bribe local politics to upgrade zoning laws for more profitable housing (more flats per m2 land, less living quality). There are cases where lots should be merged for upgrading zonings but this should come from the communities needs not companies’ greeds.
Building and renting out should be profitable. Else nothing is built for renters. Problem is companies buying homes (not building) and try to bribe local politics to upgrade zoning laws for more profitable housing (more flats per m2 land, less living quality). There are cases where lots should be merged for upgrading zonings but this should come from the communities needs not companies’ greeds.
Nothing should be profitable outside helping your fellow men. Fuck Capitalism. Scientific Socialism is the only sustainable way forward.