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When price go up it doesn't mean a it's a bubble. Getting loans is way harder/regulated in China than 06/07 US. Currently 25+% down payment or 70% for 2nd home
by yueq 11y ago
When price go up it doesn't mean a it's a bubble.
Getting loans is way harder/regulated in China than 06/07 US. Currently 25+% down payment or 70% for 2nd home is required. -- Comparing in 2007 banks only asks for 3% down.
- viblo 11y agoChina have aggressively lowered the requirements the last years. At the moment it should be 20% for first and 30% for 2nd home. Still some way to go for US levels ofc. www.mingtiandi.com/real-estate/china-real-estate-research-policy/china-lowered-downpayments-but-will-it-help-sell-homes-in-the-hinterland/
- slantedview 11y agoPrices going up for no good reason (increase in demand or decrease in supply) means there is a bubble. This is what happened in the US. Bubbles are the cause of speculation, such as building cities that sit empty.