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Chapter 96

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    The Resonance of the Community Economy

    Inflation in real life, of course, did not occur in a limited economic area, but a crisis in the global economic category. Such a sense of crisis has shown a tendency to spread, and it has become difficult to control for a while.  Housing prices in all economic communities have shown an upward trend, even unattainable housing prices. Following this, commodity prices in the market have risen, showing an irresistible momentum, and the government's intervention does not seem to be ineffective.

    During this period, the Chinese joined the World Trade Organization, which had a profound impact on the entire planet and the world. The joining of the Chinese meant that the leading direction of the global economic community had undergone a major change. A country with a large population accounted for four quarters of the world's population in terms of consumption.  One-tenth of it has the effect of calming the turmoil and fueling the flames for the global economy.

    From this point of view, the Chinese people, a huge country, has considerable momentum and potential for economic development. However, some phenomena have emerged. Inflation has become very apparent in recent years. What field does this phenomenon originate from?  Of course, it is brought about by the well-known explosive growth rate of the real estate industry. The government is also trying to control the continued rise of housing prices, but what is the result of the control?  Housing prices in second- and third-tier cities continued to hit record highs.

    Some people in the news media suggested that Japan¡¯s previous housing prices directly caused the lessons of economic collapse. The past glory of Japan¡¯s economy was also due to the rapid and high housing prices that caused Japan¡¯s economy to be in a recession for decades.  Someone compared the current situation of Chinese people and found similarities.

    Because people who buy houses have the idea that housing prices will never fall, not only can they maintain their value, but also have the potential to continue to appreciate. Under the guidance of this wrong concept, people blindly chase up and buy, resulting in false  housing shortage.  But in fact, a family has several houses, which are not needed from the point of view of need, but they just want to use them to maintain value or speculate for profitable possession.

    In this way, the contradiction between supply and demand has changed, so the house price seems to continue the fairy tale of wealth appreciation, and no one will believe that the house price will fall.  The developer released an analysis and research report. The house has the function of maintaining and appreciating the value, and also has the attribute of a scarce resource. How can the price be reduced?  People have overlooked that real estate rights belong to the state, and it is impossible for private individuals to own permanent land rights.

    From an economic point of view, housing prices have driven the growth of economic data, but it does not represent the normal and common prosperity and development of the economy.  At the same time, housing prices have also become the direct cause of inflation.

    The countries of the Economic Community have taken measures to control the excessive rise.  As a result, the subprime loan crisis also appeared in the United States, which caused turmoil in the entire world economic community and also brought the US economy into a recession.  It also affected the financial industry and caused some individual financial companies that were difficult to resist risks to close down. The government intervened with money to save them.

    The Chinese government has the ability to control the speed of economic development, and has confidence in the decline in housing prices in the second half of the year.  But the market is still not responding, and local housing prices continue to climb upwards. Perhaps this is the last struggle since the regulation. I hope so and believe that we can see a downward trend in housing prices by the end of the year.  (Remember the site URL: www.hlnovel.com
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