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Jurisdictions in China have started taxing investment properties on a sliding scale that ramps up a lot the more properties you own. They have also put heavy r
by onethought 6y ago
Jurisdictions in China have started taxing investment properties on a sliding scale that ramps up a lot the more properties you own.
They have also put heavy restrictions on bank lending.
Basically they are desperately trying to slow/reverse responsibly an out of control housing bubble.
That said they have unique cultural and geographical issues in terms of the sheer scale of their urbanisation