Media why the real estate inventory policy has little effect – Sohu news avbox

Media: why the real estate inventory policy has little effect? Sohu news to reduce mortgage threshold and mortgage interest rate policy exacerbated the price differentiation. Author: Macroeconomic Research Center Huang Zhilong, director of the Research Institute of Finance Suning Suning wealth of information sources: (ID:SuningWealthInsights) the first three quarters of this year has passed, but the real estate to the inventory process unexpected — the three or four line of the city real estate stocks most people still high and prices continued to slump; first-tier cities and the second part of the core city to achieve the basic objectives of inventory, but the price is a hurricane mengjin. Why inventory policy has little effect? During the National Day holiday, Beijing, Shenzhen, Nanjing and other 19 national core city to restart the purchase, credit limit and other real estate control policies, it announced earlier this year to determine the real estate inventory policy ahead of the end. In fact, to resolve the real estate inventory at the beginning of this year, the central government’s, promote the sustainable development of the real estate industry policy intention is to reduce the amount of the three or four line of the city commercial housing inventory. However, the first three quarters of this year has passed, but the real estate to the inventory process unexpected — the three or four line of the city real estate stocks most people still high and prices continued to slump; first-tier cities and some second tier city core to achieve the basic objectives of inventory, but the price has soared mengjin. Why the real estate inventory policy appeared counterproductive situation? This requires from the beginning of the decision-making department to determine the inventory path to explore the reasons. Path one: new migrant workers digest inventory. Decision makers hope that through the reform of the household registration system, accelerate the citizenization of migrant workers, expanding the effective demand for housing, to digest inventory. To this end, Anhui, Henan, Liaoning and many other provinces and cities have taken the purchase subsidies to encourage farmers into the city or even college students purchase policy. In actual implementation, the policy in the short term does support some buyers will have the migrant workers to speed up the purchase decision, some city commercial housing inventory digestion, but it is undeniable that most migrant workers lack the ability to purchase and payment, government tax subsidies for migrant workers is beyond the ability to buy an utterly inadequate measure for prices, this part of the purchase demand just the potential demand and non effective demand, financial institutions for their own risk preference for these potential demand for the purchase of mortgage payment is avoided, the policy effect is as can be imagined. Path two: the government to purchase the stock of housing for public rental. The intention of the policy is the transformation of channels, through commercial housing and public housing. However, the reality is due to the high price of commercial housing, coupled with the local government fiscal pressure is more and more serious, at the same time, public rental housing and other low-income housing financially unsustainable, which currently only in Shanghai Changning District, Zhabei District, Songjiang District and Zhengzhou, Dalian city established the public rental housing company funded by the government, but these companies still focus on the reconstruction of public rental housing, the purchase of commercial housing case is extremely rare, with little amount of national commercial housing inventory effect. Path three: encourage institutions and individuals to purchase the stock of commercial housing for rental investment. The policy hopes to encourage the development of the rental market, broaden the investment channels for residents of family assets, increase the property of residents.相关的主题文章: