Stay updated with breaking news from Down Payments. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
To cope with the weakening property market, developers in China are coming up with innovative ways to attract buyers, even offering to accept wheat as down payments
To cope with the weakening property market, developers in China are coming up with innovative ways to attract buyers, even offering to accept wheat as down payments
For example, affordable housing. it's a challenge we've faced for too long. and often times, we give people money to invest in down payments, but haven't invested in the production of affordable housing. and the president's plan has called for us to do that. when you look at the treasury department, you see me sitting in the deputy secretary's chair, but the secretary has been focused on making sure that throughout the department, we have people who look like america in order to make sure that america's resources are used in way that helps promote equity. >> deputy treasury secretary, wally ad...
Hard place on this. on the one front, if it collapses, this could spell so many troubles for china. for example, what evergrande does, they build about 600,000 homes per year. many are built by ordinary chinese people putting their life savings into buying condos of the plan, eitherfor the first property is that this sort of retail and parental investment. if that collapses, they can lose their down payments. the other aspect is all of the construction companies and designers that rely on evergrande, and the smaller lenders that have learned all this money to evergrande. if it collapses it cou...
I got 7 1/2. these are instant down payments on things we finally got after the skillful negotiation, a part of the cabinet and my team. and so, when you ask me what guarantee do i have that i have the votes that i need i don't have any guarantee. but what i do have is a good read over the years of how the congress and the senate works and the idea that we're not going because somebody can't getter single thing they want they vote against the things i named with nothing in here that's quote bad for the environment, bad for the economy, bad for the transportation is unlikely but i can't guarant...