2013-04-02

Mixed reactions to real estate regulations


Chinese are big savers, and many park their money in real estate. So anything perceived as rocking the boat, for better or worse, is going to get a reaction. To find out what people are saying about the regulations, we turned to China’s largest microblogging site.
One microblogger says the new regulations can be said to be the strictest ever in history, and real estate prices are bound to come down in the second quarter. Others aren’t so impressed. This netizen named Zhou Jingping says that many cities published their regulations just before the deadline, and those regulations aren’t detailed at all. And some are very critical of some of the unintended effects of the regulations on society. One microblogger has even gone so far as to claim that fake marriages will take off this year.
"Limitations on purchases, stricter loans and an information network. This is the strictest ever in history. Real estate prices are bound to come down in Q2."
"Many cities published their regulations just before the deadline. They are far from detailed. Many are just one line long."
"2013 is destined to become the year of fake marriages. People used to divorce to take advantage of loopholes. Now single people in Beijing can’t purchase a second home. Fake marriages provide a solution."

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