【The Epoch Times July 11, 2022】Mainlandreal estateThe market is bleak, and governments and developers across the mainland have resorted to various tactics to promote housing.But the former Minister of Finance of the Chinese Communist PartyLou JiweiA few days ago, it was said that the effect of encouraging home purchases was not significant.
From July 9th to 10th, the 2022 Caixin Summer Summit was held in Beijing,Lou JiweiGive an opening speech.
According to Sina Finance, some recentlocal governmentLou Jiwei admitted that the policy has been introduced to encourage residents to buy houses. Lou Jiwei admitted that the effect is not significant. At present, residents’ expectations for future income and employment have weakened, and precautionary savings have increased or there is simply not enough funds to buy houses. Therefore, long-term rentals are developed under the current scenario. Just in time. The development of long-term rental housing requires the realization of the same rights to rent and purchase. The same rights to rent and purchase solve the problem of mechanism. If the rental house is difficult to settle down, and there is no equal opportunity for admission and the right to register for the college entrance examination, it will be difficult for long-term rental housing to develop normally.
Due to the continued sluggishness of the property market, many cities in mainland China have issued a number of supports since the beginning of this year.real estateThe content of the policy involves relaxing purchase restrictions or sales restrictions, reducing down payment ratios, reducing mortgage interest rates, provident fund loan support, and housing subsidies.
The mainland real estate market has also offered promotions, such as “wheat exchange”, “garlic exchange”, “watermelon exchange”, “peach exchange”, as well as “zero down payment”, “5% down payment” and “10% down payment” “Down payment loan”, “House-for-house trade-in” and so on.
The mainland’s “Economic Observer” reported that at the beginning of this year, the Yulin city government set a task of recommending villagers to buy 8,000 houses by 2022. Therefore, all civil servants in Yulin City, Guangxi have the task of “selling houses”, and the results of selling houses are also related to personal promotion and performance.
Regarding the rescue policies in various places, Mo Kaiwei, a well-known mainland financial writer, wrote an article on June 24 that the current supply and demand of China’s property market has indeed undergone fundamental changes, that is, supply exceeds demand, and demand has shrunk severely. If this reality is ignored, even if it is introduced again More property market stimulus policies are also in vain.
Current affairs commentator Zhang Jing said that now,local governmentIt has been deeply bound with developers, and the government may use all means to let ordinary people buy houses to ensure that the real estate market can support local fiscal revenue. But the economy is down, the unemployment rate is soaring, it is getting harder and harder to earn money, and there are more and more outages.
Responsible editor: Xu Menger