The Unsold Homes of Luoyang

The key issue comes down to one factor: the absence of industries that generate high-income earners. Where such industries exist, there's a steady flow of buyers ready to pick up properties. A city may secure strong short-term operating capital through land sales, but the real foundation of urban economic vitality lies in building a robust industrial base — and that's where governing capability and investment recruitment teams are truly tested.

Two-Percent Down Payment: Why Aren't Luoyang Homes Selling?

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