Most are voluntary house slaves

 In recent years, active fiscal and monetary policies support, coupled with the excess supply of land, the order did not straighten out the real estate development, real estate finance to promote the heavy volume to form a strong market demand, real estate and individual housing consumer market With the huge development, the formation of the great inertia of the real estate development. to the end of 2003, GDP increased by 9.1% while the national real estate development and investment grew 29.7%, far higher than GDP growth rate. the majority of residents out of housing 20, the first % of the cash and the rest paid over 30 years can live in new houses, with average house prices rose more than 10% a year, bringing home buyers feel the joy of the property value. No buyers have been buying houses to see added value in those properties, but also strengthened the belief that home buyers, most people only want to appreciate the aspirations of Housing does not consider their affordability and future income expectations, and no houses have to cut the risk awareness, the market maintained strong purchasing power and volume. developers see a huge market, purchasing power, and 18 in the text of the State Council, the per capita GDP over $ 1,000, real estate, period of rapid development, the concept of at least 30 years of growth under the guidance of the take to cover every possible room. From the end of 2002 to discuss the real estate bubble, the state has been aware of problems in the real estate industry, after a period of observation to understand, the final conclusion for the area of structural imbalance. but because of the blind all over the land supply, regardless of the blind development of economic strength and the continued high growth real estate investment, coupled with rising housing prices, speculation in the fact that serious, to prevent a property bubble, to the national economy fluctuations, from the country in early 2004 began a policy adjustment. Real Estate The control policies are in the best stretch of real estate cycles or the lag time, reduce the volatility of real estate to achieve a soft landing for the economy. The delay time is about to be 3-4 years, about to reach bottom in 2008, Everyone should see the situation and development trend of real estate, through the adoption of suitable methods to reduce the delay or reduce the extent of real estate to accelerate the reaction rate of the real estate market, a fundamental slow down the volatility of the real estate bubble and the harm. alternative housing options should establish a a million, by the level of economic development and income restrictions, not everyone can afford. Even in developed countries, housing ownership rate is also only about 50%. like the U.S. homeownership rate was 65.5%, Sweden's housing own 42%, and now houses the City of China has exceeded 70% ownership rate, too much emphasis on affordable housing for everyone, not only can not do now and will be difficult to achieve. In a market economy, income high, medium and low differences. person's life, at different stages based on age, position, family size, social contacts, income difference is there. Therefore, in a mature real estate market, people are usually based on actual income to choose different housing consumption. such as the first job income is not high, you can first rental housing, since the increase in revenue, to purchase small units of housing, and then after the purchase of units of housing, the last until the higher income and more savings only Buy the big house more comfortable housing. Now the market growth rate of house price and rental price growth has emerged scissors, we can have the ability to buy a house, when the capacity is insufficient to rent. fundamental change in the secondary housing fairs really heavy volume. a majority of house slaves in advance of consumption and excessive consumption, is the a housing) caused.