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只要人们对通胀的预期不减,把收入转变成房产的冲动就不会减弱。这是房价上涨最大的刚性需求,因为社会保障的后顾之忧无法有效缓解,不会因为政府增加有限的土地供应而有实质性改观。
As long as people’s expectations of inflation diminish, the impulse to turn income into real estate will not diminish. This is the most rigid demand for housing prices, because social security worries can not be effectively alleviated and will not materially change because the government increases its limited land supply.