This is quite interesting, guys. đ€
As everyone knows, today China just released a bailout package to restore the economy. Policies are also changing 180 degrees, especially policies on home ownership and real estate.
The government has solved the problem of owning a second home, reducing the amount of money required to own a second home+ to 15%.
Increasing loan terms.
The goal is to attract people's money back to China. In recent years, when the government has applied a policy of tightening home and real estate ownership to prevent speculation and fighting against house/real estate prices, it has caused a large amount of money to leave China. People with money have moved abroad to settle down and own foreign real estate.
And so in 2024, when the economy is seriously weakened, people's money is gradually decreasing, the Chinese government is forced to turn around, cut policies and regulate the economy and still have to fight inflation.
The whole world is discussing this China's turnaround and whether Vietnam's real estate will have any impact, let's wait and see, guys!
If China has a real estate wave again, part of the money will flow into crypto!
