House prices soar as a roller coaster scholar analyses four reasons

Xinhua Beijing, November 16, the Chinese Academy of Social Sciences today held a housing Green Paper, "China's Housing Development Report (2009-2010)" press conference, for entering the 09 China's house prices as if sitting on the "roller coaster," The Chinese Academy of Finance and Finance Institute, Dr. Gao Guanchun in the press conference on the analysis of China's Gao Guanchun introduces the problems and challenges of housing financial institutions ' support. The problems are mainly manifested in the following aspects: first, compared with the slow effect of the 2008-year liquidity contraction on the decline in house prices, the liquidity that was released in 2009 pushed up the prices too fast. Second, the influx of loans into the housing sector since 2009 has supported speculative housing development and consumption rather than authentic housing development and consumption. Third, the risk relaxation means limited.　　Four, the policy of housing finance has not played an effective supporting role.　　Gao Guanchun also analyzes, facing the challenge: first, how to tighten the liquidity of the development and consumption of speculative housing, effectively release the demand for real housing development and consumption of liquidity; second, how to enjoy the high income of housing loans at the same time effectively prevent and control the risk of housing loans. Policy advice: Have the control of maintaining pressure. "Bao" is to protect the first set of housing loans, actively support and encourage the first set of mortgages, first of all through the downward mortgage rate to reduce the cost of the first mortgage lenders. Second, the use of policy means to low-income buyers of housing loans to pay discount. "Control", strictly controlled speculative mortgages, to prevent mortgage risk. (according to the Chinese net text live finishing)