this post was submitted on 12 Mar 2024
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China's housing minister says real estate developers must go bankrupt if necessary (www.cnbc.com)
submitted 11 months ago by [email protected] to c/[email protected]
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[–] [email protected] 6 points 11 months ago* (last edited 11 months ago)

wipe out the savings

It's zero sum to the population. Every dollar lost by an investor is a dollar saved by a new family buying a home.