To circumvent local government's restriction on sharp price drop, Chinese real estates developers literally handed out gold ingots to home buyers.lemmy.nzimage Lee Duna ( @throws_lemy@lemmy.nz ) Damn, that's interesting!@lemmy.mlEnglish • 1 year ago message-square7fedilinkarrow-up1113
arrow-up1113imageTo circumvent local government's restriction on sharp price drop, Chinese real estates developers literally handed out gold ingots to home buyers.lemmy.nz Lee Duna ( @throws_lemy@lemmy.nz ) Damn, that's interesting!@lemmy.mlEnglish • 1 year ago message-square7fedilink
Context : https://www.theguardian.com/world/2023/jun/12/gold-bars-used-to-lure-chinese-homebuyers-amid-market-slowdown
minus-square TonyTonyChopper ( @TonyTonyChopper@mander.xyz ) linkfedilink3•1 year agoso communism is when unbearable housing markets are government mandated instead. What a world to live in.
minus-square LoamImprovement ( @LoamImprovement@beehaw.org ) linkfedilink2•1 year agoWell, if we’re being honest, it’s capitalism with communism branding. Otherwise you wouldn’t be able to buy and sell the house in the first place.
minus-square argv_minus_one ( @argv_minus_one@beehaw.org ) linkfedilink2•1 year agoHow so? This looks like unscrupulous businesses finding loopholes in the regulations and the government being slow to close them. Same thing happens in the west.
so communism is when unbearable housing markets are government mandated instead. What a world to live in.
Well, if we’re being honest, it’s capitalism with communism branding. Otherwise you wouldn’t be able to buy and sell the house in the first place.
How so? This looks like unscrupulous businesses finding loopholes in the regulations and the government being slow to close them. Same thing happens in the west.