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Local plans spell out incentives for farmers to buy houses [Copy link] 中文

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Post time 2016-5-26 09:11:58 |Display all floors
Workers work at a building construction site in Huai'an, East China's Jiangsu province, January 10, 2016. [Photo/IC]
In a bid to reduce property inventory, some provinces in China have rolled out policies encouraging farmers to buy houses, according to China News Service.
East China's Shandong province, for instance, said farmers can enjoy subsidies for deed tax and exemption of various stipulat ...

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Post time 2016-5-26 09:11:59 |Display all floors
As I understand, the biggest problem for farmers is that they cannot get mortgage loans from banks mostly due to ownership related legal problems. These problems takes time, much efforts, and other complicated issues to complete and solve and in the process much abuse can happen. Simple farmers are just not up to handle these situations. I have suggested that a simpler way to handle this situation is for authorities to set up a 'farmland' real estate investment trust/s (FREIT) which will buy up all such farmlands (say in a province) in exchange for its shares. These shares will have government guarantees thus allowing for easy mortgage with banks for farmers. As FREIT also pays dividends, farmers also can collect a continuing income. FREIT can in turn lease its farmland to vendors for its income.

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