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Someone once said that China's property market is a money printing machine, and every brick and tile is constantly spitting out the yuan. But now, something seems to have gone wrong with this money printing machine, not only has the speed of spitting out money slowed down, but some people have even begun to worry that it will suddenly stop working. As a result, all kinds of rhetoric about the collapse of housing prices and the collapse of the property market are rampant, as if the property market has become an evil field, ready to devour people's wealth at any time.
But don't worry, let's calm down and not be intimidated by these horrific statements. The property market is complex, but we must also look at it rationally. Let's start with a joke: a reporter interviewed the old man and asked him what he thought about future housing prices, and the old man sighed and said, "I wish it would fall to the same level as it was 20 years ago." The reporter exclaimed: "That will be so miserable that all the real estate developers will go bankrupt and the banks will fail!" The old man smiled and said, "Where do you think I live now?"
While this is a joke, it reflects a widespread concern about the housing market: housing prices are too high for ordinary people to afford to buy. But in fact, if we really let house prices plummet back to 20 years ago, would it really be a good thing? First of all, what was the price of housing 20 years ago? I believe many people can't afford it. Second, even if it does plummet, will our economic development and people's living standards be able to return to 20 years ago?
There are indeed problems in the property market, but it cannot simply be attributed to the "realm of evil". Real estate is an important pillar of China's economy, and its fluctuations have a great impact on the economy as a whole. Therefore, we cannot expect the property market to collapse overnight, let alone the collapse of housing prices like a roller coaster.
So, what's going on with the property market?
1. The investment attribute is too strong
In traditional Chinese culture, the house has always been a symbol of stability. Whether it's investment or self-occupation, property is given a special meaning. This cultural concept has led to the investment attribute of the property market being too strong, and many buyers are not looking for residence, but for its investment value. This has also caused distortions in the property market, with some speculators taking the opportunity to raise property prices and make profits.
2. Land supply issues
China's land policy has long been controversial. Limited land resources and high land prices have pushed up housing prices. This problem is exacerbated by the dependence of local governments on land finance. Therefore, in order to solve the problem of the property market, it is imperative to reform the land policy.
3. Property market regulation policies
In recent years, the Chinese government has introduced a series of regulatory policies to stabilize the property market. These policies have curbed the excessively rapid rise in housing prices to a certain extent, but they have also brought some new problems. For example, in some cities, there has been a "purchase and loan limit" policy, which has caused some buyers who just need to buy a house to be unable to buy a house, which has pushed up housing prices in other cities. In addition, regulatory policies have also led to short-term fluctuations in the property market, bringing uncertainty to the economy.
4. There is a mismatch between residents' income and housing prices
This is the core issue. While China's economy has grown rapidly over the past few decades, household income growth has not kept pace with rising housing prices. Especially in some big cities, housing prices are already far beyond the reach of ordinary people. This mismatch led to a bubble in the property market, which, once burst, would have dire consequences.
So, how do we deal with these problems?
First of all, we need to recognize the complexity of the property market problem and not simply reduce it to "evil territory". Second, we need to start from multiple angles, including reforming land policies, improving regulatory policies, and increasing residents' incomes. Only in this way can we gradually solve the problem of the property market and return the property market to its proper function.
Finally, I would like to say that although the property market is complex, we cannot give up hope. As long as we work together, I believe we will be able to find a solution to the problem. And in this process, everyone can play their part, whether it is home buyers, real estate developers, or government departments, they can contribute to stabilizing the property market.
As for the joke, maybe it's just a joke, but it also reflects people's real feelings about the property market. Housing prices have skyrocketed, the property market bubble, speculators, and buyers who just need to buy a house...... These words are all portrayal of the property market problem. But we can't deny the value of the property market because of these problems, on the contrary, we should try to find ways to solve the problem and make the property market an important support in our lives.
In short, the property market is a complex problem that needs to be looked at and solved from multiple perspectives. Although the problems of high housing prices and property market volatility are worrying, as long as we work together, I believe we will be able to find a solution to the problem, so that the property market can return to its proper function, and bring stability and prosperity to our lives.