Skip to comments.Beijing Just Unveiled Uber-Draconian "One House Per Family" Rules To Curb Bubble
Posted on 04/30/2010 6:41:53 AM PDT by blam
Beijing Just Unveiled Uber-Draconian "One House Per Family" Rules To Curb Bubble
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
(Excerpt) Read more at businessinsider.com ...
Too bad BO wasn’t born in China. He would have been a perfect fit for their government.
This is a country that has forced sterilization.
One apartment or house per family is nothing compared to that.
Wonder which mansion Al Gore would keep? Does he get to keep his 110’ house boat yacht too?
Somehow I think the communist part elite will be exempt from this law.
I thought the Chinese were smarter than this.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.