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The article seems to dispute this claim. It says that nearly half of the outstanding real estate debt is held on properties that are unoccupied.
by metalliqaz 8y ago
The article seems to dispute this claim. It says that nearly half of the outstanding real estate debt is held on properties that are unoccupied.
- pcwalton 8y agoI took that to mean properties that are held by the developer, where the developer financed them with debt.
- r00fus 8y agoChina should look to what Vancouver did for a tax on unoccupied housing - perhaps amplified as needed. However, China is also a centrally controlled, single party state that is willing to experiment - if they haven't done it, it's likely because they don't want to.