Here’s a tiny article from the weekend – Vice Mayor Yang Xiong of Shanghai said the city will increase the supply of affordable housing in the wake of huge price jumps.
He also said he city would “crack down on illegal activities in the real estate market”.
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Interesting approach to a rapidly rising market, increasing supply. Makes sense, its the sort of thing New Zealand is trying to encourage too.
At the margin it should be a restraint on interest rates.
