Today studied the reasons for the sharp rise in house prices in 16 years, when the big cities rose 1 times, and the second- and third-tier cities rose 2-3 times, which is essentially the aftermath of the subprime mortgage crisis in 2008, and the direct cause is the direct cause

Today studied the reasons for the sharp rise in house prices in 16 years, when the big cities rose by 1 times, and the second- and third-tier cities rose by 2-3 times, which is essentially the aftermath of the subprime mortgage crisis in 2008, and the direct reason is to intentionally increase the leverage ratio for the residential sector and release water in a targeted manner.

Faced with a complicated situation, this decision was correct, but the operation was not fine enough, and the side effects of leveraging the resident sector at the same time were too strong.

There will be no more flooding of real estate in the future

1. The absolute value of the house price is already very high, look at how low the rent-to-sales ratio is

2. From an economic point of view, although the leverage ratio of China's resident sector is in the middle in the world, but because of the large foreign trade surplus and large government investment, the proportion of residents' income to GDP is low, the actual resident debt ratio is 50% higher than that of Europe and the United States, and there is no room for the global top 2 level

The real estate policy implemented now is very correct according to the city, there are ups and downs in various places, and the national average remains stable, so as to meet the actual situation of each city

There are 2 points of impression

1. It is a loss of no culture, and it is necessary to study macroeconomic knowledge in depth, and you can also make money by speculating in houses

2. Previously deceived by unscrupulous media, real estate is not a pillar industry at all, in the face of monetary policy, it is nothing, the people's happiness is the most important

#房价 #