China pushes back as homebuyers protest mortgage issues – Robert Khodadadian

Chinese authorities are censoring social media posts in response to growing protests from homebuyers who are threatening to stop repaying home loans on unfinished projects. Frustrated buyers gathered in Wuhan last week outside the office of a bank regulator, saying they wouldn’t make payments for more than 300 unfinished properties across the country, the Wall Street Journal reported. The projects include some from developers such as China Evergrande, whose chairman was just forced out, and

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Politics, china, Housing Market The Real Deal New York Read More