So if enough brokerages went ahead and let their customers put up real estate as collateral--which, for now, it seems like brokerages are very reluctant to do--then as the market continues to fall there might be significant distress selling of property across China.
Which, of course, is just what they need right now.
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Date: 2015-07-08 04:25 pm (UTC)So if enough brokerages went ahead and let their customers put up real estate as collateral--which, for now, it seems like brokerages are very reluctant to do--then as the market continues to fall there might be significant distress selling of property across China.
Which, of course, is just what they need right now.