October 23, the domestic real estate policy of a higher level of adjustment, especially for owner-occupied home-buyers to take a series of preferential policies. For example, to reduce first-time buyers of bank credit and interest rate payments in the first, to reduce the purchase of housing the deed tax, exemption from stamp duty, and so on. These preferential policies for real estate, the Government hopes that through the purchase of housing for the first time the tax incentives and preferential credit to help create housing difficulties of access to real estate, incentive-based owner-occupied housing to buy into the real estate market in order to achieve not only improve The living conditions and expand the reach the consumer, to ensure economic growth. The starting point is, in particular the emphasis on housing and people's livelihood is right.

But we have to think about is that the current real estate market is it? Government to do so can not be allowed to owner-occupied housing type to buy into the real estate market? If not, and the results then what is it? Also, despite these policies on the real estate market and stressed that the people's livelihood very clear that the operational details of the corresponding policy and how? In the implementation of these policies, the departments will not use its policy to ensure that the interests of the sector and to maximize the re-allow the prevalence of real estate speculation, re-blown real estate market bubble? In particular, the improvement in defining the type of housing is not clear, these policies will not become real estate speculators to use its policy of real estate speculation of a shield? And so on. In a word, the real estate market in 2003, when the situation seems to repeat itself again in 2008.

In practice, however, the current domestic real estate market, the real estate market in recent months the problem is the rapid decline in housing sales, resulting in a tense local governments. This is because in this case, the decline in real estate sales, could cause housing prices decline, while housing prices will cause a decrease in investment in real estate, and with the resulting reduction in demand for real estate related industries, lower prices and production Reduction; caused the local government land to reduce the fiscal, GDP decline, and so on. In fact, this logic is that the economy can not stand because, in the price is too high, the real estate overcapacity has long been an established fact, real estate and this will definitely result in excess production capacity in excess of related industries. In this case, the real estate market can only be resolved through a cyclical adjustment, or the real estate market can only be resolved through price adjustments. Otherwise, a bubble can only be used to cover up another bubble.

Also, since the latter half of 2007, with the real estate policy adjustments, changes in financial markets, investors, the idea of change, real estate investment has been driven by changes in the market for consumer-driven market, the housing market The purchase has a different target, but real estate developers, investors still dominated the market for real estate on the market price. In this case, the real estate market and the inevitable price of owner-occupied housing purchase-price and the psychological capacity to pay huge gap. At this time, naturally led to the rapid decline in real estate sales. As a result, the current situation, the central government are well-intentioned, is to tax incentives, preferential credit terms to allow the creation of owner-occupied house-type people into the real estate market, however, when the market price and the purchase of owner-occupied type Housing prices are the psychological and fell far short of the capacity to pay, based on owner-occupied buyers, even if the prime real estate policy, which is also the residents can not afford such a high price to enter the real estate market.

And be willing or able to enter the housing is the only investors. For housing investors, if the vision of the past, perhaps they can be some false documents to take advantage of these preferential policies to enter the real estate profit, but in hindsight, not only in real estate in the world financial crisis has been a decline, investment in housing The risk of real estate have been exposed, and the stock market this year, has long been home to just emerging middle class has been trounced. They did not have the capacity did not dare to risk so much to enter the real estate market. Furthermore, such a huge financial risk, commercial banks would rather not add fuel to the flames, regardless of high-risk home, so some quality is not good, high-risk investors through false means to obtain credit.

In other words, the current situation, no matter what the policy is introduced, is still only owner-occupied home-buyers are willing to enter the real estate market. To the current real estate market to re-start, not only for the purchase of owner-occupied housing type of tax incentives, preferential credit problems, but how to make the real estate market prices fell to their ability to accept the payment level. Government stressed that the real estate of the people's livelihood, the Government is not willing to see a complete real estate speculation market, the introduction of these new policies, the real estate market prices have adjusted substantially more no one can stop the事情. Only in the real estate market prices return to reason, the current real estate market was the only way out. Kind of like maintaining a high level of house prices to maintain profits in real estate patterns, and housing since the home is a big gap between capacity to pay high prices for the real estate market, only to the huge domestic-demand-occupied real estate to the market. This is because the housing needs of those not ability to pay high prices to enter the market.

Also, the central government do not want to see why the real estate market bubble speculation re-emerged? This is because the United States and world financial crisis made it clear that the real estate bubble is certainly a variety of economic crisis and financial crisis. If the government allows domestic real estate market bubble to re-float to the surface, similar to the U.S. financial crisis will be in China. Therefore, the new policy, many of the loopholes in the new policy can be caused by a number of issues, I believe that the relevant government departments will be introduced to regulate the rules.

Now, some of the local real estate developer, saw the central government introduced a new policy that the central government to raise the price of the real estate market and the real estate bubble. As a result, a policy introduced in some areas of real estate developers to raise prices immediately to meet the new policy. For example, the Shenzhen market. This, of course, is the central policy of the new policy runs counter to. However, these phenomena should also allow the Government to see that the current real estate market is still in real estate speculation and the speculation areas. For speculation in real estate speculation in the market, the central government is only to emphasize the people's livelihood in real estate, real estate only to emphasize policy based on owner-occupied buyers benefit is not enough, because the market is not only in accordance with The central government's policy intent of the trip. In order for the current domestic real estate has become a real consumer-driven market, not only on how the residents of housing policy concessions, but at the same time real estate speculation on the introduction of strict restrictions Speculative. If you do not put these policies, under certain conditions, real estate speculation and speculators will be able to use these beneficial policies to allow consumers the real estate market speculation rampant speculation. In this case, the new policy will change its ways, the real estate market bubble will blow again. The real estate bubble is the financial crisis and economic crisis, when the Government can not relax this string.