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阳泉翻译公司关键字：At this stage of China's real estate prices caused by a variety of reasons, but the most basic or the most profound reason is that the management of the real estate market positioning. From the basic principles of economics, real estate is not a perfectly competitive market, as China's land resources, especially scarce. But since the 1998 liberalization of the real estate market for real estate in the end is managed in accordance with a perfectly competitive market, or limited participation by the Government to manage the competitive market, there is no guidance from the theory and ideology to be clarified. In the real estate market management and policy design, there is perfect competition in the market by the tendency to treat. Management guidelines and policies and the nature of the real estate market dislocation, the real estate management into a passive situation.First, China's real estate market is a limited competitive marketBecause the real estate market is the backbone of the land resources of the market, which determines the real estate market is different from the commodity market, is a limited land resource constraints of a competitive market. Limited competition in the real estate market has the following three characteristics:
First, non-renewable resources of land, determines the real estate market is most likely to form a bubble market. This feature determines the price of the real estate market regulation can not solve the supply increases, price increases can only be adjusted by supply and demand.When real estate prices to deviate from the actual value, induced speculation there, real estate speculation in the formation of strong demand for capital, a large number of speculative funds into the real-estate bubble. Once the real estate bubble burst, the resulting joint lead to financial crisis, and ultimately led to the economic crisis. Into the mechanism of the real estate bubble: real estate in short supply - prices - a reduction of urban land resources can be developed - the price turns up - speculative demand expansion - in speculation in real estate prices rising - real-estate bubble - funding strand breaks - the bubble burst - the economic crisis.
This is not just theoretical logic of progress, whether it is the first to enter the Western market economy into the market economy developed and developing countries, have suffered to varying degrees, again and again the dangers of the real estate market bubble. And real estate "bubble" burst damage even higher than the stock market "bubble" burst hazards.Real estate investment boom in economic growth tend to occur, the formation of a large number of the remaining period of social wealth. 1987 and 1988, the Japanese economy out of the "oil crisis" after the impact of rapid recovery in the period of rapid
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