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A comment on Priced out of home ownership – 'It makes me want to throw up'. Parent comment

Re:Priced out of home ownership – 'It makes me want to throw... by seanmcdirmid on Tuesday May 28, 2024 @11:41AM (#40501834)
> After it popped, housing prices started plummeting.

Prices haven't plummeted in China. Sales volume has seized since the red families control the real estate agencies. They have added more incentives, like easier access to hukou, and have eliminated limits on how many homes you can buy.

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Re:Priced out of home ownership – 'It makes me want to throw... by Aunche on Tuesday May 28, 2024 @01:22PM (#40503087)
The government is doing everything they can stop it, but home prices are indeed falling [1]. A 2.2% decline doesn't sound like much, but it's wild given the strong GDP growth over the same period.

https://www.reuters.com/world/china/chinas-new-home-prices-d...

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Re:Priced out of home ownership – 'It makes me want to throw... by seanmcdirmid on Tuesday May 28, 2024 @05:29PM (#40505814)
I wouldn't take much credence in reported GDP growth. Tearing down a building that was built last year creates reported GDP. Also, you really really need to look at volume, since the party will just cut off sales if they have to (since they control the real estate agencies).
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