A Viral Homebuyer Stampede Suggests China’s Real Estate Policies Are AskewBy
New rules create a buying frenzy.
In China, even getting crushed under a giant door won’t deter at least one aspirant homeowner from pursuing his dream. (Wait for the 14-second mark.)
This viral video was caught on a surveillance camera last Saturday and posted online by the People’s Daily,which reported that this enthusiastic group of buyers was intent on snapping up new real estate in the Chinese city of Hangzhou. The mad frenzy was prompted by an effort to get in ahead of new restrictions taking effect on Monday that would ban those born outside the city from buying more than one property…
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