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Thread: Who is the mastermind behind the skyrocketing house price?
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[quote=GRYOKAN,239611]Who is to blame ? The buyers & to an extent the Govt. Despite the complaint about rising prices, these units are well sold I heard. Basically & generally one has choices - obviously people choose to buy even at that sort or prices. Only you cannot afford !! Will you buy if you could afford ? This will be a normal feature of a capitalist society which China is moving towards. The days of free/subsidised housing ( or most other bread & butter items ) are over. Banks are there to make money - they are not there to gain popularity by trying to make less. They are not there to help the customers who have no money/collaterals(for loans). They can only provide better services to attract customers which mean more business/more profit to them. Even when China opens up to foreign banks, I cannot see any basic difference these banks will be from local banks. Be prepared.[/quote]
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