So fewer RMB than before can buy these homes...good for those who held on to their RMB, but bad for those who spent it. Value reduction over time (depreciation) applies to appliances and computers which improve over time. Why must people try so hard to make property different? Why do they not apply linear depreciation on property? The world's real estate system is folly. Linear property depreciation was advanced 1000's of years ago by Moses in his Book of Leviticus, yet we still don't apply it.
So fewer RMB than before can buy these homes...good for those who held on to their RMB, but bad for those who spent it. Value reduction over time (depreciation) applies to appliances and computers which improve over time. Why must people try so hard to make property different? Why do they not apply linear depreciation on property? The world's real estate system is folly. Linear property depreciation was advanced 1000's of years ago by Moses in his Book of Leviticus, yet we still don't apply it.
kmarinas86 2 months ago
Great to see that the government did something to burst this crazy bubble.people have a right to affordable housing.
sighbaru 4 months ago
Here in the States you have a rodent called a "Realtor". These Realtors are not to be trusted when they say "now is a good time to buy".
jvolstad 4 months ago
Who is the reporter? And nice green screen . try using a different color.
mitsukai89 4 months ago
Comment removed
jb0433628 4 months ago
Only the start of the collapse of the biggest housing bubble in history...
MercenaryBlackWaterz 4 months ago 8