Living in China is getting cheaper. Because rents in my neighborhood in central Beijing are dropping, my wife and I pressed our landlord to reduce ours by $140 a month in a new lease that we signed last month. He wasn’t too happy about it, but he’s lucky that we didn’t move out. Given the desperation of local landlords, we probably could’ve saved another $500 a month had we switched to a comparable apartment nearby.
BUT AT WHAT COST?
Hand the deed over to their person living there
Forgive all mortgage debt
Forbid ownership of housing you don’t live in
Nationalize excess housing
Construct housing based on needs of people living in an area/protected growth etc. Planned.
I think just forbidding owning houses you don’t live in would be a huge start