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Let's remember where this all starts from. The other poster said that if it tanks, people lose everything. You are now talking deflating the market softly, which indicates it is a bubble and that they are just trying to let the air out slowly. And ultimately, the top level point still stands: people are going to lose money, whether that be quickly or slowly.
Whether the the government is trying to "softly deflate it" or keep it growing (I suspect the latter, because again people losing all of their money in things the government has been encouraging and pumping up for decades is not a great look for them), they are propping it up, because letting the bubble burst would be a disaster.
It's funny that you call me a liar, but then state that this has nothing to do with the central government, and then turn around and quote something from the article that is talking about the central bank of the country. lol You think see dishonesty in me because you know you are being dishonest.
How does lowering down payment requirements from 50% (!!!) prop up a market? It tweaks the demand curve a tiny bit, but like I said it's towards engineering a soft landing. I told you that the central government is trying to engineer a soft landing. What evidence do you have that disproves this?
Investors (who could afford to buy multiple homes) lose money. How terrible.
Really? This is an easy one: it opens to more people buying.
I get that this is your talking point and you're going to keep repeating it. But, again, it seems that the government, both local and central, are doing something to stop these people from losing money. Whether you think this is good or bad is inconsequential, clearly the government at all levels in China believes it's bad, which is why they are making moves to stop it.