In the past few years, in order to expand domestic demand, the state has introduced a series of measures, including reducing interest rates, tightening monetary policies, education industrialization, and medical industrialization and housing reform. These measures have also brought the false prosperity and serious real estate bubbles of the market while stimulating consumption. You can see that the rate of appreciation of the price and how the bank interest rate is not proportional, this is the expression of the foam.
Due to a large housing problem caused by economic development, the marginal utility of real estate is increasing, so the foam of real estate is not a void, so someone asserts that the house price will further improve. I think this statement is irresponsible. The price is higher, once off the value of its own value and corresponding marginal utility, then it will lose the market.
The current Nanjing house prices are already more than tweet more than the average annual income of the public (1200 * 13 = 15600), and this number is ten times more than three years ago. Such a horrible price, it has actually been disconnected to the possibility of ordinary income homes, and this class is the core of social consumption. They can't live, it is not the economic problem. This is the social problem! From this, I think it is just to prevent the unstable factors of society, and I should never let the price are so madly. If you can't stop this kind of person's crazy circle, you will make a big disaster.
Within two years, some people must pay for the mistakes made in the past, or the government is either a lot of speculative businessmen. If the strength of foreign power is involved, the bubble is broken, then the payment is the government. If it is skeleton, then it is only losing a batch of speculative businessmen, a few social parasites of a few feet. It is foreseen that if the current situation is developed, once foreign power intervention, use interest rates and exchange rates to seek real estate profits, will cause an unusual financial storm, and the consequences far more than 98 financial crisis, and even have economic rewards may.
I firmly believe that the current government can see the problem, the key is how they solve. Today, the real estate bubble still has the possibility of "soft landing". If the government can eliminate the obstruction of the stakeholders, timely shoot, open exchange rates, increase interest rates, and encourage securities, which can eliminate real estate bubbles with minimal cost. If so, the people are fortunate, the Chinese nation is fortunate!
