Chinese Economics Thread

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Andy1974

Senior Member
Registered Member
Overbom said:
I find it impossible for China to control its spiralling property market without a property tax (or something similar).

You may disagree with that and thats ok, I am open to listening different ideas, but I cant think of another way for the Gov to control the crazy property market in China.
Eventually these high costs can become social, political, economical risks for the CPC which obviously is unacceptable.
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- restrict ownership to 1 property per person
- build millions of apartments in existing and new cities
- restrict companies ownership of single family homes
- converts city center offices to apartments and people can work from home instead (saves carbon)

I don’t see what a property tax does to help the situation apart from raising revenue, is there any example of its implementation having worked to reduce prices?
 
siegecrossbow

siegecrossbow

General
Staff member
Super Moderator
solarz said:
LOL, are you serious?

Yeah, wipe out the life savings of half the families in China overnight. That will go over real well!

Or maybe people will just assign one property per family member.
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The number of properties you can own is based on how many babies you can have. One child = one house. This will force the rich people to have or adopt children.
 
solarz

solarz

Brigadier
siegecrossbow said:
The number of properties you can own is based on how many babies you can have. One child = one house. This will force the rich people to have or adopt children.
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Rich people will just put their money in other investments. It's the middle class people who own most of the real estate.
 
O

Overbom

Brigadier
Registered Member
Xi has shown that he isnt afraid to go against the "capital" for the good of the people when he banned the tutoring companies.

If things keep going the same bad way then I could totally see him banning companies from owning any single (family) house property.

So its better for these rich people and companies to sit down and cut a deal among themselves before the CPC feels forced to act on the issue. Better to lose some money on the deal than waking up and finding out your worth has fallen to 0

The Education ban was the warning shot, the housing sector is the real bazooka
 
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