Beijing Just Unveiled Uber-Draconian "One House Per Family" Rules To Curb Bubble

badguy2000

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http://www.freerepublic.com/focus/f-news/2503804/posts

eijing Just Unveiled Uber-Draconian "One House Per Family" Rules To Curb Bubble

Joe Weisenthal
Apr. 30, 2010, 6:40 AM

Over the past several months, China has taken various measures to cool its raging housing bubble, but this may be the wildest one yet.

According to multiple reports from Xinhua and China Daily, Beijing has just announced a one apartment per family rule. That's right. You can't have a second apartment. And this doesn't just mean mortgage-buyers. Cash buyers, too, can't buy multiples.

Amazingly, some are already thinking that these and similar regulations will cause a surge in divorce in China. After all, if there are two of you in the family, that's two mortgages you can buy
 

Armand2REP

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Just for the city of Beijing and it is only a temporary measure. Yawn... lets see if CCP will apply this nationwide and get serious about the problem.
 

ajtr

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I mean how they define a family just couple and their children or even joint faimly is counted as one single family?And how about single working males/females whats criteria for them?
 

badguy2000

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I mean how they define a family just couple and their children or even joint faimly is counted as one single family?And how about single working males/females whats criteria for them?
one single adults can have one house
 

Iamanidiot

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something is wrong with this law.Is this applcable to already existent owners or those who are going to buy from now onwards
 

badguy2000

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something is wrong with this law.Is this applcable to already existent owners or those who are going to buy from now onwards
it is not applicable to aready existent owners.

however, it is the precondition to set up a nation-wide real-asset- registering net system,if those new deals are to be carried out. it will take time
 
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Iamanidiot

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so it is applicable to the new ones only then the firms who constructed the conds will be at loss intresting lets watch
 

badguy2000

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so it is applicable to the new ones only then the firms who constructed the conds will be at loss intresting lets watch
most specultors use bank loans to buy houses. If bank loans are not so easy to get or loan cost is not acceptal,those speculators would have big trouble.
 

Armand2REP

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most specultors use bank loans to buy houses. If bank loans are not so easy to get or loan cost is not acceptal,those speculators would have big trouble.
Yes, but if they do not get a house mortgage, they can just get a loan for something else and put it down on the property. This is being done all the time and why CCP efforts are failing.
 

Iamanidiot

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the sub-[rime bubble has entered beijing.Lets see how the CCP reacts to this nightmare .Chinese folks what are you think now do you need a financial and property regulator to cull bubbles from the basic.Are there any alternatives if a lot of savings go toxic
 

badguy2000

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the sub-[rime bubble has entered beijing.Lets see how the CCP reacts to this nightmare .Chinese folks what are you think now do you need a financial and property regulator to cull bubbles from the basic.Are there any alternatives if a lot of savings go toxic
Beijing delcares such tough measues ,just to cure bubbles .
 

Iamanidiot

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implementing the measures here.Greed is god here and there a lot of factors at play.most of the speculators and builders may be CCP party members themselves .This law isn't easy to implement lot of capital intrests here.It would be intresting how the CCP will pull this
 

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Just for the city of Beijing and it is only a temporary measure. Yawn... lets see if CCP will apply this nationwide and get serious about the problem.
How serious is your non-CCP government to such problems?

Yawn ... another point-less one liner ...
 

tarunraju

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How serious is your non-CCP government to such problems?

Yawn ... another point-less one liner ...
There aren't *such* problems in France for starters. Not in these proportions anyway =xD
 
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tarunraju

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Drawing similarities between France, Africa & Mars, good addition! ... you should try harder
Nah, you should. It was you who, being a typical Chinese poster, tried to come back with the same lame "how does it happen in your country" counter argument, only to see it fail.
 

shotgunner

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Nah, you should. It was you who, being a typical Chinese poster, tried to come back with the same lame "how does it happen in your country" counter argument, only to see it fail.
That's your best? Mars? Yamn ... typical Indian way of posting, always "you will fail" ... will ... yawn ... bad mouth is all you have
 

tarunraju

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That's your best? Mars? Yamn ... typical Indian way of posting, always "you will fail" ... will ... yawn ... bad mouth is all you have
It's not "you will fail", what I said. You did indeed fail.
 

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