Thursday, January 6, 2011

Policy in the history of the most to the edge, but high prices why not fall

 Abstract Background: continuation of the turmoil in late 2009, from the early 2010's Day , 2010, a well-deserved. hh fact, long been one of the clues to a realization. or forced by peer pressure, or reluctant to give up higher profits, developers cut prices behaved in a hesitant before to control into the only thunder it does not rain in the awkward position, how prices are adjusted for it, even Ren are anxious in the Boao Real Estate Forum, shouted: it! Lane said in an article I argue: not a critic of high prices and real estate tycoon ---- who need lift and carry the majority of house slaves to, but had been The real estate agency to build housing to force the monopoly, and since ancient times, Huashan road, you do not look for real estate agency to buy house (old house, except for second-hand housing); Second, local government, only responsible for the promotion to the GDP, distorted price, they can also benefit from it; Fourth, some interest groups willing to serve as spokesmen for the so-called real estate agency ; Moments be Therefore, in order to smooth prices, combing the real estate regulation since 2005, keyword, year after year have emphasized stability, and even has used to prices, years, in order to curb rising housing prices, the state issued a series of intensive real estate control policies, the so-called price rise, not fall. The main reason I think that Ren is worried about, the fear of the > So, at this point, I also agree with the views of critics chopper, chopper in the destined to rise. on the grounds that prices, regulation and control of the developers must have this one, now developers proportion of its own funds to rescue the market in 2009 when, from 35% to 20%, equal to twice the leverage effect by the bank to enlarge to four times hh two monetary policy actually does not turn, only increased by 5 times the deposit reserve ratio, good for reducing the risks of banks, but despite the deposit reserve ratio increase is also in the recovery of mobility, however, because in fact been in the release of commercial banks new loans, offset by raising the deposit reserve ratio for all effects, and can not be transmitted to the market, there is no effect in curbing prices. do not get out of the three is the real estate tax. hh not do not come out, but not touch the interests of officials. can be seen from the above three points, not to engage in the basic regulation, nor any indication that prices will fall.
So, relatively speaking the other hand, Song Jiang was willing to accept the amnesty, There are two reasons I think, first, Song Jiang to officials, the court also be tempted from time to time with their Gaoguanhoulu; second, because the court always has a strong military deterrent to the Liangshan, playing no less than today, not always hit Liangshan not down. Thus the court both hardware and software, has been carried out on the Song Jiang coercion and inducements. but play a decisive role, is real estate does not want to become government officials, real estate agency has made huge profits in real estate riches, an officer also chic than a hundred times, and the big spenders, pamper luxury but also very loose; if corruption, and too risky. Second, since it is being tough measures, there is little effect. Third, the real estate agency Song Jiang is reluctant to learn, because the historical experience has taught real estate agency, to accept the unity, and even harm innocent people. For example, you have to pay property tax house slaves, it certainly is really worse, overtaxed. So, shortly before the Central Economic Work Conference has not mentioned the introduction of property taxes.
now look , the so-called the There is no better way in the premise, I'd be happy to accept the economists favor, and the idea of Lang, the .
Lang said: catheters, constructed forty million square meters of low-cost housing, affordable housing hh so the current government policy there are two, the first property tax, the second Chongqing mode. So many people ask me how the future trend of stock prices, how prices trend? I do not know. At present these two different forces in the game, as long as the property taxes the upper hand, the future bleak future, if the Chongqing pattern prevailed, and the future of China real estate can take the right track. I think we should learn from Hong Kong, Singapore, Chongqing, take two-track system, not property taxes, allowing the commodity housing casually up, more taxation if the government has no problem, a large number of building large-scale use of these taxes and low cost housing affordable housing! so we will have hope! do not know to wait until one of these years, when it was?

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