ren Zhiqiang: Property market needs long-term policy house prices may rise

As long as the chairman of Huayuan Group Ren Zhiqiang to participate in the forum, there will be controversy, there will be focus. "There is a huge impact on China of a long-term housing policy, and it is very dangerous to rely on short-term policies to stimulate the property market."　　June 14, Ren Zhiqiang in the "Bo widowed 21st century real Estate forum" Blunt, not to solve long-term policy problems, China's housing prices may continue to rise.　　Housing policy "short-term"? "I personally think the biggest problem is that government departments use short-term policies to determine a long-term consumer product expectation." "Ren Zhiqiang said that 70 years of property rights of housing products is a long-term accumulation of the consumption process, but rely on short-term policies to adjust, it is difficult to form a sound expectations," is the government policy to determine the future real estate trends, determine market changes and public consumption expectations. In Ren Zhiqiang's view, more than 50 years, only 1998 years of 23rd document is a long-term policy, it stipulates that housing can be privatized, the other a series of land and credit policies, including the country six, eight, etc. are only short-term policies. "For example, real estate policies in the 2008 after the global financial crisis, especially local stimulus policies, are basically short-term policies that expire at the end of the year." "Ren Zhiqiang believes that the drawbacks of short-term policy is easy to trigger market volatility." In the past five or six years, once the short-term policy has been introduced, it will lead to price fluctuations, in particular, the rise in house prices.　　This is contrary to the original intention of each macro-control. "At the end of last year and early this year, real estate has almost entered the bottom, when the central and local issued a series of policies, such as the adjustment of one or two housing loans, second-hand house transactions tax relief, etc., these policies in the short term has a huge effect, this year 1- May National merchandise sales reached 240 million square meters, more than 2007 years of historical peak. "But Ren Zhiqiang said," Next policy how to regulate, next year's policy is what, do not know.　　Ren Zhiqiang strongly appealed to the long-term stability of real estate, we must establish a long-term stable housing policy, or as soon as possible the introduction of the "Residential law." At this stage, Ren Zhiqiang suggested that the adjustment focus from the existing export tax exemption rate to the housing market for personal income tax relief, so that China's housing market growth will be higher. "There have been such estimates, if there are 800 billion individual income tax rebate, can drive 9 trillion consumption, far more than 4 trillion of investment-driven benefits."　　Ren Zhiqiang regrets that the government department does not seem willing to give such special concessions to the housing market.　　Insist on singing because Ren Zhiqiang has always been to the price of the house, has attracted many criticisms, but Ren Zhiqiang still "opinionated." "In the long run, China's real estate cannot continue to fall, should be rising all the way." The fall of 2008 was due to the financial crisis in the United States because it did not conform to the economic laws of the special cause. "He stressed that he was more interested in China's regulatory policy," if because of policy reasons for the fall this year, will also rise next year. He pointed out that from 2003Years ago, many people said that the House will be reduced by 3%, 40 to buy, do not dare to buy a house, but then suddenly found that the people who bought the house have achieved huge gains, "the original prepared funds can buy a house, now only enough to buy a toilet." "Ren Zhiqiang said that buying a rise and not buying a fall is a normal, the U.S. asset prices are almost halved, but the property is still no one to buy, because there is no confidence in expectations." "Assuming we have confidence in China's macro development expectations, when to buy a house is appropriate, and this year after the purchase looks more expensive than others, but will certainly make money." "Ren Zhiqiang believes that the purchase of sky-high prices, may not prove that the price is higher than the price, in the long run, bread must be expensive flour." If the enterprise has certain security, the housing enterprise can buy the land at any time, can make money.