Officials have intensified efforts to cool the market -- from raising the minimum down payment for second-home purchases to levying taxes on residences in Shanghai and Chongqing this year.

从提高二套房的最低首付额，到今年上海和重庆开征房产税，官方密集出手冷却市场。

youdao

Currently, the minimum down payment is 3%, but many Democrats want it eliminated completely.

FORBES: Nothing Down

Like a minimum down payment, this reduces overleveraging and means Texas wasn't hurt as badly by the housing crash as other states.

WSJ: Review & Outlook: The Lone Star Jobs Surge

It raised the minimum down payment for people buying second homes and capped mortgage payments for people buying government-built housing at 30% of monthly income.

WSJ: Singapore Fee Stings Wealthy House Buyers��Except Americans