最近一段时间内,国内外各类研究机构和媒体在关于房地产市场是否存在泡沫的问题上,引起了很大、而且是相当激烈的争论。与此同时,大量有关海外热钱即国际投机资金以各种途径囤积香港或进入内地,准备豪赌人民币升值的报道也充斥坊间。这不免引起了经济界、学术界以及民众的极大关注。然而,对于这些问题的关注与讨论,人们的注意力似乎是分散的,就房地产市场而言,人们的注意力似乎仅在因房地产价格上涨而引起的是否存在 Recently, all kinds of domestic and foreign research institutions and the media have caused a lot of controversy over the existence of a bubble in the real estate market. In the meantime, a large number of reports of overseas hot money, or international speculative funds, hoarding or entering the Mainland in various ways and preparing for the gamble of a RMB revaluation are also widely circulated. This inevitably aroused great concern of the economic sector, academia and the public. However, attention and discussion of these issues seem to distract people’s attention. As far as the real estate market is concerned, people’s attention seems to be limited only by the existence of real estate prices