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    20220715

    Dynamic Mortgage Payments

    As growing numbers of housing projects across China sit unfinished, buyers are threatening to stop making mortgage payments. Online, some jokingly refer to the plan, not as a mortgage strike, but as “dynamic mortgage payments” — a play on buzzwords like the country’s “dynamic zero” approach to COVID-19. If the developer stops construction, buyers will stop paying off their loans. Payments will resume only if work on the buildings continues.
    Jul 15, 2022