China's property market on the price level, rather heated discussion in recent years, almost all of the people think that price is too high, unrealistically high. Learned economists call a Most of the terms of various newspapers not . Now the bubble of flying, especially in the property market bubble, a major topic of discussion streets, has become an important topic for economists speech, even at the spittle speak about the special stresses economic foundation of economic reform. However, high prices still go its own way, Zhimakaihua steadily high.'re lucky people who bought a house from the people have to buy a house without using BS-ing people is self-deception to laugh is a fool to buy a house, sit back and wait at home, awaiting the First, determine the fairness of the property market transactions. China's property market transactions on a voluntary basis in the establishment of buyers and sellers, the seller does not cover the price of authenticity, that is not deceptive; the buyer to the seller's price is voluntarily accepted, is not imposed on the seller, are both true expression of the will. So, no matter how high the price of the property market is fair and reasonable.
Second, measure the property prices high and a low standard. the real estate bubble have foundation is based on the value of real estate, but the intrinsic value of the material, and can only be measured by the price, or higher or lower than the value. The so-called bubble is much higher than the value of its price. is not for general merchandise this phenomenon, only a special commodity that has financial attributes of goods will appear, for example, gold, futures, stocks and so on. However, the real estate does not belong to this special commodity, then, why many economists advocating the the ratio of per capita income and housing prices in Beijing and to compare the ratio of per capita income, and perhaps this is a common international comparison, Beijing's housing prices are too high reached the conclusion that the bubble. However, this comparison method, is based on static assumptions, there is no dynamic to expect real estate prices, that there is no time for the valuation of real estate prices. So, although this comparison generic, but not scientific. So, draw the correct conclusion is wrong .
Third, the investment value of the property market value of its own important part. products have turned to the value of goods used in their establishment, so people buy a product is a fancy their use value, not value . However, the real estate it has a dual nature, people buying real estate is not just fancy that the practical value of its residential function, and, more eyes on the investment value of his value. Therefore, both the consumer and real estate investment products, general merchandise and special with the dual attributes of goods, but not the price of its standard forms, given their particular commodity is not yet known, but it contains the essence of investment value.
Fourth, the direct purchase Yihuo indirectly purchase real estate resources. constitute the price or value of real estate, including land use rights, construction costs, profits and taxes. construction costs, profits and taxes paid by consumers to price mortgage loans, including real estate lending institutions more time Long inflation rate higher time cost paid by consumers lower interest rates when the discount rate is lower than the interest paid, on the contrary, the more appreciation of local currency loan interest paid more. the land value is based on land use rights The present value, but the time value of the land and the land by the devaluation of the RMB appreciation composed of two factors, and the land appreciation and depreciation of the currency is out of proportion, that is, the appreciation of the land faster than the speed of the currency devaluation. the land is different and oil, coal and other natural resources, which has a non-renewable and irreplaceable, incomparable with the scarcity of other resources, is more precious than the other resources, appreciation of the speed reduction of more and more rapidly as the land, the value of its investment highlights .
Fifth, the investment value of the land price of real estate decisions. China's per capita arable land and land is less than the world average, land for everyone is very precious. Land, the generation and transmission of human civilization the basic elements of the challenge by the increasingly fierce, the rapid development of industrialization and the improvement of living conditions of a large number of misappropriation of the land, the limited land carries unlimited industrial and urban development, the increasingly acute contradictions, and not adjustable, and. to development, industrialization and Urbanization is the only way the demand for land is increasing its prices continue to climb, high natural. However, it is generally difficult to have the power to invest in land-use rights, even have the ability to invest in land use value is the average consumer a waste, unlike the real estate in exchange for their rent when not used it value. in order to buy the land realized investment gains, real estate to become the first choice for the general public. the economic crisis spreading across the globe, China's painful experience in various industries, while the CD real estate The East is Red Land investors; and production of our public land is prohibited to private flows, land investors and property of ordinary consumers into one of the property market trends, rapid increases in property prices is no different from fast of the fast downwind sailing.
Sixth, the market behavior should not interfere, there is reasonable. property is pure market behavior, the price is decided by supply and demand, real demand for price increases must be presumed that the high prices is strong demand for specific performance. attempted to use interest rate, down payment ratio, taxes and other means to regulate the market, proved impossible to achieve the purpose of regulating prices, just played the role of slow price growth rhythm; policy intermittent but more likely to stimulate the property market, consumption and prices of non-rational non- Rational rose.
seventh, middle-aged consumption structure, asset based, flexible. real estate consumer groups, the age of majority in the thirty-five to fifty-five between the proportion of two small, this is the most life promising period, a period of rapid accumulation of wealth is the main force. They not only occupied consumption, for the next generation storage; but also to the assets of the investment property market, real estate wealth effect is more obvious. This is neither elastic demand for the purpose of residence requirements, potentially greatly expanding the demand, prices play a role in fueling.
eighth, future changes in demand. After several years of development is now the next generation of urban population which is now, after eighty Basically there is more than a room or even; With the development of urbanization, city business and work the crowd into the city will become the largest group of real estate consumers, there is one year into the tens of millions of college graduates, they will all Bay to the city, the urgency of the house, making it the backbone of rigid demand, until the technological revolution to replace the Industrial Revolution as the arteries of the national economy, the city is no longer a place of choice for creating value, real estate prices will stop rising. This is an endless process, and now the br>
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