Today I will talk about something that highly connected to our lives: the housing price.
Whether you’re consciously or not, you can always hearing people talking about the rise of the housing price.
We all know that in these years ,many city’s housing price goes up 30% or even 50%
Taking Shanghai as an example, we can see from these two chart that at the beginning of this century, the housing price in Shanghai is around 5000 yuan/square meter, but when 2014, the price raised up to 30000 yuan/square meter. under this circumstance, many people became the slave of the house loan.
Nowadays, when a couple wants to get married, it’s a common thing that the husband buy a house and the wife buy a car. It’s hardly to convince the wife’s family on marriage if you can’t afford house.
Unlike people in western countries, in China, people usually save there extra money in the bank. And a lot of people also consider buying a house
As a way of investment. So for these people, even they have their own house to live, they still decided to buy 2 or 3 extra house. As demand like this is large, the price will never go down.
Since the housing price is so high, the government has brought several policy to control the price including:
Whether these policy is working is remain to be seen.
