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Yang Hongxu read an article today entitled “No to save the stock market, but also saved the property market! “I find it very strange that the Chinese property market has developed so ghosts and goblins, and its price is much higher than the warning line set up by the World Bank, why not fall? There is a sign of trouble, some people come out verbally, called on the government bailout. Are the pockets of developers than the precious lives of civilians, the developer’s money is money, the people’s right to exist on the worthless?
Purely from the economic laws, the price is fluctuating around the value. When a commodity too far from its intrinsic value, return is inevitable. Change the stock market there are some elements of speculation, but from a relatively long time to look at, or by the law of value constraints. Is that world oil prices, now you do not look forward to its noble head high, and time will make it from the altar back to those days the earth.
U.S. sub-prime debt, the world’s oil, etc., so we have to look at the so-called center of gravity to invest in the economic operation of the pros and cons. We now understand at least one fact: we have seen the gods of Western economic theory, in fact, does not perfect. Without the mortgage, the United States there will be no sub-debt crisis; the same either futures, oil can not rise to such a high price.
Chinese property market is so crazy, mortgage and investment contributed. Although the developers Huyou, and marketing skills becoming more and more perfect for high house prices contributed to the severity of the effect, there is no mortgage and investment, are still in vain. Please do not believe that the demographic dividend, urbanization in the housing prices have much effect. With regard to the demographic dividend, I Chinese property market in respect of a freak, the demographic dividend is only a cover
A paper has made a detailed analysis and argumentation, as urbanization and rising house prices, house prices rise is due to the urbanization process is a result of acceleration.
Return to rational prices is an inevitable trend, the Government rescue package, at one time or delayed its return to a rational period of time, it is also the risk of further accumulation. Like the face of floods, you may also be blocked sparse, like Yu is the right way to clear the same. We can no longer learn Gun death blocking unintended mistake.
My view is that the stock market to the rescue, to save the property market is not. We know that in the Chinese economy is still the better case, the stock market crash of non-rational elements have displayed most vividly, and then this keeps up, the stock market lost Yung-funded feature, which will directly cause serious damage to the national economy. Besides most of the stock market in the quilt are some individual, but also a few people’s livelihood, a class of problems. In any case, rich and poor is not a harmonious society to pursue greater goals.
Is not the same as the property market, if prices drop, the injured addition to earning pours developers, is that where there is a serious mental speculators gambling, and therefore the profit is precisely the middle-income below the ordinary people. Home has its own room is not exactly harmonious society, the pursuit of goals? On the other hand, an early return to rational prices, the risk of banks that does not mean continue to accumulate and finally evolved into the United States the same sub-prime crisis. A lesson that we have any reason to turn a blind eye and repeat the same mistakes it?
According to the above reasons, the Government should attempt to save one to save the stock market is 10 million to save the property market can not.
Tags: Property
