Real estate development over the years, experienced a lot, but also changed a lot, from the initial house to the added value outside the house, and from everyone realizes that the house preservation and appreciation, and then the house is used to live is not used to speculate this positioning proposed, the house has undergone several positioning twists and turns, but one thing has not changed, no matter when, it seems that the house price has never been low.
Some people may not be convinced, because some speculators always fool you, you see if you bought the house that year, it is not a big profit, yes, the house price has risen a lot in recent years, regret that you did not have the courage to buy. But think about it, can you really afford it in the first place? Although the house price is not high, but your money is not to buy a house to do something else? Maybe there are, because some people have invested in other capital, and some people have gone to start a business. But this is still a minority, and most people really can't come up with money in the first place.
When your income goes up, house prices are also rising. Looking back 30 years ago, the newspapers were calling for housing prices to be too high, and they are still calling for it today. So, house prices have never been cheaper. You can't compare yourself with the rich, you should be linked to the endurance of most ordinary people.
On October 29, 2020, at the China Real Estate Finance Summit, Zhang Wuchang, a well-known economist, said that house prices in Shanghai and Shenzhen are interesting, and the rental income is less than 2% of the house price, but the interest in the market is 5%. In other words, you buy a house and rent it out, or live on your own, it is a loss, why do people lose money like this?
I think Zhang Wuchang's words also say a certain fact, indeed the imbalance between house prices and rents leads to higher and higher house prices, and the rate of return on rent is getting lower and lower, that is to say, the rent-to-sales ratio is seriously unbalanced, which is obviously impossible to be normal. Pan Shiyi has also expressed similar views.
It is reasonable to say that if Zhang Wuchang said this, I would still be quite impressed, after all, he did not say this before, in the past, when talking about whether to suppress the rise in house prices, he said: "House prices should be allowed to rise." The so-called bubble problem, I can't see, I think it is too tightly controlled. ”
After all, real estate has changed in recent years, and the investment logic has also changed dramatically from the past, Zhang Wuchang has often advocated real estate to recognize the problem of real estate, I think it is a good thing, but I did not expect that he was drunk and did not mean to drink.
He believes that "the country is developing rapidly, the people's income is large, where to put more money?" You put it on the house, but there is a ceiling to the increase in house prices. The collectible is very strange, it has no upper limit, an ordinary piece of paper, can be worth a billion, three billion is no problem, because it has no income, the house has a rent collection, there is a ceiling. Therefore, more money should be put into the collection. ”
Although he said it was also true, it was true that many of the collectibles were much more expensive than the house, and there was no edge. But ordinary people listen to it, people say to the rich, if even the house is difficult to buy, don't think about any collectibles, unless you really like it. After all, the house is a thing, although the moisture is large, but it is after all a use function, and it is indeed bought correctly to maintain and increase in value. Don't seek great wealth and nobility, but seek stability.
No wonder many people in the past have portrayed houses as a kind of collectible, art, and even luxury goods, so that they can rationalize high housing prices. Everyone thinks that the house is no longer a house, it has long become a luxury, a tool for the rich to make money. In many cases, it has nothing to do with the property of residence. Therefore, there is a positioning of housing and not speculation, which restricts the return of the house to residential attributes.
In addition, Zhang Wuchang has a sentence that makes sense, you may wish to listen to it first. He said that the rise in house prices is related to land prices, but this rise has little to do with population, because China has always had such a large population. The house was not so valuable in its early years.
I think house prices will indeed rise with the rise of land prices, but if it has little to do with the population, how should Ren Zeping feel? Ren Zeping once said that the development of the real estate market looks at finance in the short term, land in the medium term, and population in the long term. And it is not right to say that the house was not so valuable in the early years, I think most people can't afford it back then, on the one hand, they don't have enough awareness, on the other hand, they really can't come up with the money to buy a house. How much will the public income be? It has a lot to do with population.
Therefore, house prices have never been cheaper, which is not only a problem facing today, but the current policy is more focused on people's livelihood, multi-subject supply, multi-channel security, rent-to-buy housing system, and finally realize people's dream of living and living. With the stability of house prices, no matter how high or low house prices are, there is no need to panic so much.