Li says property tax cannot restrain house prices from rising too fast

It is expected that real estate regulation will persist for many years, and bring about a large number of local finance and other related aspects of the reform "Caixin Network" (Comprehensive media report) "The policy regulation of real estate prices is just beginning, I believe that will persist for many years."　　September 5, Tsinghua University, director of China and the World Economic Research Center, the Central Bank Monetary Policy Committee member of the "2010 Chinese Enterprises 500" forum held at the closing ceremony to make the above forecast. According to the Oriental Morning Post, Li believes that the rapid rise in housing prices in recent years is not a financial problem but a social problem.　　Li said that the rise in house prices is essentially social contradictions, social contradictions have not eased, making many reforms in the economic field difficult to advance. Li said he believes real estate regulation will persist for many years and will bring a slew of reforms, including local finance and other related aspects.　　China's real estate market does not have subprime mortgages, so there is no need to worry about the future impact of falling house prices. On the property tax, Li said in an interview with the Jianghuai Morning News real estate tax can not curb the excessive rise in house prices, for the investors to raise prices, the property tax has no effect on it, and for real housing people, not easy to buy a house to pay the property tax, "in this sense, the property tax to hit the target wrong."　　Therefore, the property tax should be set low, according to 1 per thousand or one out of 10,000 of the proportion of the grassroots government to levy, earmarked. Li argues that local governments should be caught in the development of public housing and the unreasonable control of real estate prices. The local government can grasp the property rights of public housing, finance the bank in the development of public housing, even allow local finance to borrow money from the central government, and the repayment can be used for the income of future rents. (Caixin reporter An Shu)