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China Rejects $1 Trillion Housing Rescue Plan Pitched by IMF (www.bloomberg.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 1 month ago (1 children)

Real estate is an asset class just like any other asset that is traded.

With respect to them giving money unfront for building, they got scammed. It is a criminal matter. But why should other people socialize their bad choices.

Bail out mechinsm done in the west is the most retarded way to deal with these issues and it creates incentives for owner class to scam taxpayers.

[–] [email protected] 1 points 1 month ago

So you are saying anyone who has a mortgage is the "investor class."

Got it. Think we are done here.