Middle class feels locked out of housing market: "'We suggest the government implement the second housing reform in order to meet the housing demand from the middle class,' said Li Ming, an expert on the Housing Act.
Li added that a proposal to that effect has been sent to the Ministry of Land and Resources and the Ministry of Housing and Urban-Rural Development.
It calls on the government to introduce nonprofit developers that can provide affordable houses for middle-class families, but it does not say how that might be made to work."
Saturday, August 29, 2009
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