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If only my mexican gov’t were as based as China’s, we will have done something similar. However, thanks to this news, I can now dream of an alternative.
If they’re buying these from capitalists then I hope they pay less for then than was paid originally so as to transfer some of that wealth to the deserving proletariat…
Since housing prices are down, I think they will. Although the point of the move was to help the profitable but insolvent developers get some cash flow and complete their existing projects.