论文部分内容阅读
货币供需的扭曲和错配,加之近年来地产信托市场滋长的“无风险”金融幻觉,导致楼市泡沫难以为继。局部地刺破地产信托市场泡沫,刺破群体心理幻觉,让供求和投资心理回归理性,是中国房地产可持续的关键。目前的货币政策背景下,由于市场缺乏流动性,无法对房价形成支撑,信贷收紧会进一步压低房价。楼市“拐点”是否迫近,还得考察市场供求情况、投资需求、国际资本炒作和地产调控政策的力度。李国旺认为,十多年来房价暴涨的主要诱因,是信贷太多,或者讲,M2出来的钱,多为地产及其
The distortions and mismatches in supply and demand of money, coupled with the “risk-free” financial illusion that the real estate trust market has shown in recent years, has led to the unsustainable bubble in the property market. It is the key to the sustainable development of real estate in China to locally penetrate the real estate trust market bubble and pierce the psychological hallucinations in the community so that supply and demand and investment psychology can be rationalized. In the current context of monetary policy, home prices can not be supported due to the lack of liquidity in the market, and credit tightening further depresses housing prices. Property market “inflection point ” is approaching, have to examine the market supply and demand, investment demand, speculation in international capital and real estate regulation and control efforts. Li Guowang believes that the main reason for the skyrocketing housing prices in more than a decade is that there is too much credit or, in other words, the money that comes out of M2 is mostly for real estate and its