Because they are for living in, not speculation. One of the ironies of the contemporary freedom versus autocracy debate is that dictators can do what prime ministers dare not:
China’s outstanding medium- and long-term loans to the household sector, mostly mortgage loans, declined in February for the first time since record started, indicating that home sales remained sluggish despite a series of support measures from the government.
According to data released by the People’s Bank of China (PBOC) last week, outstanding medium- and long-term loans to the household sector declined by 45.9 billion yuan in February, indicating that repayment of the type of loans exceeded newly added volume of the loans last month.