Houses have always been a necessity for Chinese people and are the "symbolite" of life. The first thing a child does when getting married is to buy a house first, which shows the important position of the house in the hearts of the people.
As we all know, domestic housing prices have always been high. The rising housing prices have seriously affected the living standards and happiness of the people.
However, until 2021, this situation changed. In other words, the housing prices, which were always high in the past, are gradually showing a turning point.
The real estate market is no longer as brilliant as before, and houses are no longer in short supply. Based on this, industry insiders pointed out that housing prices may exceed expectations in the future.
The social impact of high housing prices
First of all, high housing prices have suppressed the people's housing demand. In China, people often regard houses as symbols of home. Only with a house can one be considered a home. With the progress of society and the development of the economy, the people's demand for housing has gradually increased.
Everyone hopes to live in a house with a good environment and a large area. Therefore, the demand for home purchases has gradually increased. However, the current housing prices are far higher than the people's income level, and everyone can't bear such high housing prices.
Even if you choose a loan method and then repay the loan month by month after the down payment, this method directly affects it, which greatly reduces the living standards of the people.
Many people save money just to be able to buy a room of their own. Therefore, this high housing price has suppressed everyone's demand for housing, and at the same time it has affected the harmonious and stable development of society, and even promoted the occurrence of criminal incidents.
Secondly, high housing prices have aggravated the gap between the rich and the poor in our society. With the progress of reform and opening up, China has entered a new stage of development and its economy has continued to grow, which has also led some people to become rich first and exacerbated the gap between the rich and the poor in society.
At the same time, high housing prices also mean that rich people can afford multiple houses while poor people can't even afford one house.
The result of continuing is that rich people own many suites, which may appreciate in value to rich people, while poor people become poorer.
The further increase of the gap between the rich and the poor will not only seriously affect the process of common prosperity in our country, but will also bring potential harm to society and affect social stability.
Furthermore, high housing prices will cause developers to blindly expand development land. The domestic housing market is in short supply, and developers see business opportunities and blindly develop and build regardless of consequences, and vicious competition.
causes an imbalance in the supply and demand relationship of real estate, resulting in waste of resources, and the inability to sell houses to increase the idle rate of houses.
Finally, high housing prices will also induce inflation . This continued increase in housing prices has led to a rise in prices of related products, such as furniture and other daily necessities.
finally reflects the consumer prices of residents. Attracting a large number of businesses to invest in real estate has led to excessive liquidity in my country, which has brought about the impact of inflation and has adverse effects on people's lives.
’s response to high housing prices
Although high housing prices have made certain contributions to my country’s GDP to a certain extent, the continuous high housing prices will inevitably lead to the seriousness of the real estate bubble and have an irreversible negative impact on the entire society.
Therefore, the country must introduce corresponding countermeasures to solve this problem.
First of all, the country needs to guide the people to have a correct consumption concept. In other words, the government has the responsibility to help the people have their own houses, but they must consume according to their actual situation.
Those with more deposits can buy a new house, while those with less deposits can buy a second-hand house. Doing so can effectively reduce the increase in housing prices and guide consumers to have a correct consumption concept.
needs to improve the real estate tax system. Property tax should be imposed as soon as possible. The reasons for doing this can curb consumers' advanced consumption psychology, activate some second-hand markets, and mobilize the enthusiasm of local governments to work.
At the same time, it is necessary to strengthen the levy of land value-added tax to curb some people from purchasing unnecessary houses to speculate in real estate.
Strengthen the management of housing needs. Encourage normal demand and curb investment demand. Control the demolition area of houses in some urban areas and reduce this unnecessary housing demand.
Establish relevant rules and regulations for rental housing to protect the normal interests of renters. Some people are encouraged to rent a house instead of buying a house. At the same time, low-priced houses are provided for users with low income to rent.
Finally, reasonably guide the flow of funds. Improve the quality of listed companies, provide multi-channel investment forms, and alleviate speculative pressure in the real estate market. Strictly investigate illegal foreign exchange settlement behaviors and accelerate foreign exchange control
Of course, we also need to limit the profit margins of real estate developers. For example, when we bid, we can declare in advance that the profit must not exceed 25%, otherwise the developer will not be qualified to obtain land.
In short, when the interest rates of real estate developers are not that high, it will curb most people's blindly building houses and speculating on houses, which will reduce housing prices over time.
Why domestic housing prices will continue to fall in the future
First of all, from the perspective of my country's economic situation, the development of my country's real economy has been hindered to certain extent. Although real estate still has a good trend, it does not continue.
Now under the severe impact of the epidemic, export trade has been greatly affected. If the domestic market is also ruined, it will lead my country's economic development to a regression.
Therefore, we must guide consumers to consume normally, reduce people's debts, and stimulate people to make other consumptions.
Secondly, Sino-US relations have once again become tense, and the loose monetary policy of the United States implemented by has triggered the emergence of inflation around the world.
The sharp rise in my country's housing prices will continue to disrupt the normal development of my country's economy under the influence of inflation. Therefore, our country must lower housing prices to resolve the crisis.
Furthermore, reducing housing prices is what the people in China want. Since the income level of domestic people is far from the income level of people in developed countries, domestic housing prices are comparable to their housing prices.
High housing prices have seriously reduced the living standards of the people in our country, reduced their sense of happiness, and caused social instability. This also prevents housing prices from continuing to grow and will inevitably decline.
Conclusion
Housing is a urgent need for the people in China. If we cannot guarantee that everyone has a house to live in, it will inevitably have a serious impact on my country's economic development.
Whether housing prices will drop and when they will fall will still be subject to further implementation of policies. What ordinary people can do is not to buy houses blindly and curb their advanced consumption psychology.
