Pan Shiyi: Hoarding is the most serious problem in the real estate market

Pan Shiyi: Policy implementation is always nothing to the developers just more daring to hoard the real estate market is the most serious problem, every year to repeat the strict check, developers only once again "Wolf to" Yangcheng reporter Zhaoyanhua, intern Tan reported: "This is a long-standing problem, the annual Department of Land Administration to reaffirm, Two years do not develop the land to free recovery, a year does not develop land to collect idle fees, but these policies have never been very well implemented, so that developers more daring, hoarding more and more land. "November 3, Soho China Chairman Pan Shiyi, through Weibo (http://t.sina.com.cn) answers many netizens questions, to" China's real estate enterprises hoarding land up to 1.2 billion square meters, these land enough 120 million people to live, "the report made a response, pointing to"　　Hoarding land is the most serious problem in China's real estate market. Pan Shiyi believes that developers and the capital market for the government's policy and its implementation, are considered to be another "wolf" just. "This year, the Department of Land Administration said it was going to make a big, toughest land inspection, but it still seems to be a" wolf ". "In his view, there are basically two reasons for the rise in house prices: one is less and the other is more." "If the government supplies the land, but the developers hoarding up not to build a house, it will lead to fewer houses in the market, prices will naturally rise." This is indeed the most serious problem in the real estate market. "Control means more than a day ago, there are reports of commercial banks in Beijing and Shanghai received oral notice, the cancellation of the first set of housing loan interest rate of 70 percent discount, only allowed to press 85 percent to execute." It is estimated that the discount rate hike equivalent to four times, the main hit is "just need" home buyers. In this regard, Pan Shiyi, the recent years of soaring housing prices, are the last few years of preferential housing policy stimulus results. "If the mortgage rate is 70 percent and the normal interest rate is lowered, the percentage of the first payment will also drop very low." The first payment for commercial office buildings is 50%, while housing is Shansheng. These policies were designed to solve the housing problem, but they helped investors, but affected the rigid demand for housing. "In the view of Pan Shiyi, the government is now thinking of building a large number of affordable housing, but also should abolish the past on the commodity housing concessions."　　There are many factors affecting house prices, but the policy must be a very important factor, just imagine, if the housing first payment to 50%, the mortgage rate is not from 70 percent to 85 percent, but to abolish these concessions, housing property tax and commercial property tax, there will be such a rise in prices today? According to the question of "whether there is room for regulation or not", Mr Pan said there was still plenty of room for the regulation of real estate, such as the introduction of a property tax, the increase in the proportion of home purchase payments, and the increase in mortgage interest rates (ie, 85 percent discount).　　In all policies, a property tax may be the most effective policy. All this is a false prosperity for the current regulatory policy is a long-term or short-term problem, Pan Shiyi's view is that the current regulation policy hasSome are long-term, such as property taxes, and some are short-term policies, such as the first payment ratio, mortgage rates, etc. "As to whether housing prices will rebound, the most important thing is to put China's real estate into the Chinese economy, consider the Chinese economy in the world economy to consider, the world's economy in the continuous development of human civilization to consider in order to get the correct conclusion, otherwise the view is like a frog in the well." "How to look at China's economy and China's real estate market in the next few years?" Pan Shiyi said China's asset bubble would emerge in the event of a global asset bubble, in the context of quantitative easing in the US and the issuance of large volumes of currency. On the face of it, the grand Ball will continue, dancing and running, "but then it will be miserable, because the real economy is not restored, and what we see as a monetary stimulus is a false prosperity."