首页 | 本学科首页   官方微博 | 高级检索  
相似文献
 共查询到20条相似文献,搜索用时 62 毫秒
1.
让我们区分投资性购房和投机性购房   总被引:1,自引:0,他引:1  
茅于轼 《财富时代》2004,(11):24-25
房地产是否过热的问题,关键在投机性购房的多少。投机性购房太多迟早会发生泡沫。一旦泡沫破裂,整个经济会受到严重打击。日本,台湾,香港都吃过这样的亏。台湾在1986年前后发生了房地产泡沫,至今已经快二十年了还没有完全恢复,更不用说日本了。我国在广东广西1993,1994年发生的房地产泡沫,至今也有十多年,采取了降价销售,甚至爆破等极端手段,至今也没有完全消化。所以对房地产泡沫的问题不得不密切注意。  相似文献   

2.
近期,国家和一些地方连续出台抑制高房价的政策措施,直接打击投资投机性购房,其力度和针对对象的明确程度前所未见;预计短期内,它们将  相似文献   

3.
于洋 《商周刊》2011,(3):68-69
山东省1月18日召开的全省住房和城乡建设工作会议,明确指出了将在支持自主性、改善型住房需求的同时,抑制投资投机性购房行为,遏制房价过快上涨。  相似文献   

4.
自2003年以来我国出现了房价过快增长、投机性购房大幅度增加等现象.政府也因此制定了很多政策,但效果并不明显,在此背景之下开征物业税被提上了日程.本文就开征物业税的背景、作用及面临的问题进行分析,最后提出相应的对策来应对.  相似文献   

5.
房子作为商品,但它又不同于其他商品。建房需要用地,土地归国家所有,是社会资源,享受社会资源人人平等。住房是民生的基本需求,遏制投机性购房,必须完善房地产政策。设立资源占有税,能够改善房地产的混乱局面。"让社会更加公正,更加和谐。"  相似文献   

6.
近年我国房价持续攀升,不仅以上海、北京、广州为代表的一线城市出现房价大幅攀升的现象,二线城市也出现了房价上涨势头。为解决房价上涨过快这一难题,我国货币当局多次采取货币政策,期望抑制房价上涨势头。一方面,政府通过信贷等政策手段,增加投栅性购房成本,抑制投机性购房需求。2007年央行和银监会发布《关于加强商业性房地产信贷管理的通知》对利用商业银行信贷购买住房的首付、贷款利率等做出了规定,  相似文献   

7.
江德斌 《经济改革》2013,(Z1):94-94
国务院日前出台楼市调控"国五条",重申坚持执行以限购、限贷为核心的调控政策,坚决打击投资投机性购房,再次提出要求各地公布年度房价控制目标。还提出了对房价上涨过快的城市及时采取限购措施,以及建立稳定房价工作问责制、扩大房产税试点等内容。"国五条"看似来势汹汹,在近期  相似文献   

8.
在当前特殊的国际背景下,我国必须密切关注国际游资的流动,防范国际游资发起投机性冲击。本文在界定国际游资定义的基础上,分析了国际游资对一国经济和世界经济的影响,探讨了国际游资发动投机性冲击的典型策略,总结了投机性冲击的特点,提出了我国防范国际游资发动投机性冲击的具体对策。  相似文献   

9.
正国庆节前,央行出乎市场预期放松了房贷政策。对于房贷新政,很多人都把注意力放在了首套房认定标准的放宽上,但实际上,这次新政的重大影响在于,房贷政策导向在实际效果上重新转向支持投资、投机性购房。新政的核心点,是明确了"拥有一套住房结清贷款后,再买房按照首套房贷款执行,首付30%,利率下限为贷款基准利率的0.7倍。"而新政的关键点在于:"对拥有两套及以上住房并已结清相应购房贷款的家庭,又申请贷款购买住房,银行业金融机构应根据借款人偿付能力、信  相似文献   

10.
在全球经济一体化加速的过程中,不同类型和程度相异的危机成为一种常态,其中外汇市场上的投机性攻击是主要表现形式。由于相似的经济发展状况,中国与俄罗斯、巴西、印度被称为"金砖四国",但是各自货币在外汇市场上常常受到外部力量的冲击。通过构建四国投机性攻击压力指数并实证检验表明,中国的外汇市场最为稳定而印度外汇市场的稳定性最弱。抵御投机性攻击压力主要依赖于一国或地区的宏观经济实力,当支撑经济增长的外部环境发生本质性改变时,原有增长模式无法维持,就需要寻求新的经济增长点。所以只有保持宏观经济的稳定性和政策措施的有效性,才能应对外汇市场的投机性攻击并规避风险。  相似文献   

11.
When house prices are expected to rise, the representative house mover has an incentive to secure his purchase price (i.e. exchange contracts) on the ‘new’ house before exchanging contracts on the sale price on his ‘old’ house. If all house-movers adopt this stance, the imbalance between buyers and sellers causes a self-fulfilling speculative price bubble. Transactions costs do not represent a barrier to such speculation in the house market, as such costs can be considered as being sunk costs for first-time buyers and owner-occupiers intending to move for non-speculative reasons. This idea is formalised and empirical evidence is presented which suggests that speculation is a significant determinant of house prices in the United Kingdom.  相似文献   

12.
Real house prices rise in the United Kingdom amid growing concern of an impending correction. The rate of household formation has increased with strong population growth, due to elevated rates of natural increase and net migration, and lack of growth in average household size, due to a rise in single‐person households with population ageing. This paper presents an overlapping generations model of housing, endogenous labour, savings and growth to analyse the effect of an increase in the household formation rate and speculative demand under rational expectations on house prices in a general equilibrium. We find that real house prices rise over time if the rate of household formation outstrips the rate of housing supply, but do not follow a speculative bubble path in the long run. The results explain why the upward trend in real house prices reflects market fundamentals and has continued despite population ageing as the number of working and retired households grows relative to the number of older people seeking to sell.  相似文献   

13.
J. R. Kim 《Applied economics》2013,45(33):4041-4052
Present value models of house prices assert that in the absence of self-fulfilling bubbles, a house price is equal to the present discount value of all future rents, which implies a linear relationship between house price and rent, and hence a stable price-to-rent ratio. Using a Markov switching error correction model, we re-examine this relationship in the US housing market and find two distinctive regimes: one with a long-run relation between house price and rent predicted by the present value models and the other in which the relation is nonlinear. Furthermore, we find evidence that deviations of house prices from the present value models’ predictions are caused by the overreaction of house prices to movements in rents rather than speculative bubbles attributable to extraneous factors.  相似文献   

14.
Using quarterly data, 1999:Q2–2009:Q3, we empirically examine the key macro determinants of housing prices for China’s residential market. Employing Granger causality and Vector Auto-Regression (VAR) models, we find that there exists strong bivariate causality between house price increases and its determinants. The variance decomposition suggests that speculative factors reflected by past increases in real house price contribute a relatively larger proportion to house price rises relative to fundamental factors.  相似文献   

15.
Agricultural policy in developing countries is strongly shaped by views about speculation in the foodgrain markets. The central issue is whether speculative expectations are rational. Yet, data availability and the absence of futures markets rarely permits a direct examination of this hypothesis. However, the government intervenes in the Indian wheat market in a manner that allows speculative expectations to be inferred from government purchase of grain. The application of standard tests of rational expectations is complicated by measurement errors. Results show systematic biases in forecasting errors of a form that would not be sustainable in the presence of a futures market.  相似文献   

16.
We model individual demand for housing over the life cycle, and show the aggregate implications of this behaviour. Individuals delay purchasing their first home when incomes are low or uncertain. Higher house prices lead households to downsize, rather than to stop being owners. Fixed costs (property transactions taxes) have important impacts on welfare (a wealth effect) and house purchase decisions (substitution effect). In aggregate, positive house price shocks lead to consumption booms among the old but falls in consumption for the young, and reduced housing demand; positive income shocks lead to consumption booms among the young and increased housing demand.  相似文献   

17.
This paper shows that Italian house market is less exposed to price shocks than the American one. Variations in the house price index in real terms have been studied along with the affordability ratio and the relation between house prices and rent levels for the period 1995–2004 in Italian provinces. Comparison with US data reveals greater overpricing in the US during the expansion phase (2000–2004). Although a speculative bubble in all US metropolitan areas considered does not emerge, US financial and economic structural factors make the US real estate sector more exposed to price shocks. To test the compatibility of Italian house prices with fundamentals an econometric model is designed to analyze the provincial house prices from 1995 to 2003.  相似文献   

18.
Using Danish longitudinal data with information about wealth for a sample of first‐time house buyers and their parents, we test whether there are direct financial transfers from parents to children in connection with the house purchase, or in connection with unemployment spells occurring just after the purchase, when children typically hold few liquid assets. First, we document that child and parent financial resources are correlated. Then, we introduce conditioning variables and exploit the panel aspect of the data to also condition on fixed unobserved factors, which arguably govern preferences and/or productivity. We find no evidence of direct financial transfers.  相似文献   

19.
2010年以来,我国主要的大中城市纷纷出台了商品房的限购政策,同期法定存款准备金率也多次调整.在限购政策背景下,本文运用广义矩(GMM)方法,将限购政策作为逻辑变量加入到估计模型中,对限购背景下的存款准备金率调整与商品房价格的关系进行了定量分析.结果表明,限购政策对于抑制房价过快上涨具有显著意义,同时,政府上调存款准备金率在滞后2期和3期时对于抑制商品房价格过快上涨也具有一定的积极作用,但商品房价格不会因存款准备金率的上调而出现急速下跌,而是在存款准备金率持续上调的过程中呈现出先上涨后下跌,再上涨、再下跌的交替变化特征.研究同时发现,限购政策和存款准备金率调整对于我国东部地区城市影响显著,而对于中西部城市影响则不显著.基于此,本文提出了运用存款准备金率手段在抑制商品房价格过快上涨过程中的对策建议.  相似文献   

20.
Yi Wu  Yunong Li 《Applied economics》2018,50(6):691-705
In 2010, a housing purchase restriction policy was announced by China’s central government and implemented gradually by several prefecture governments. In this article, we empirically investigate this policy’s effect on the housing market. Using a difference-in-difference framework, we show that the housing purchase restriction policy reduces housing prices and transaction amounts but does not influence the housing investment or construction markets. Moreover, upstream industry suffers more than downstream industry. The results are robust to a battery of robustness checks. Heterogeneity exists across cities. We find that first- and second-tier cities as well as highly urbanized cities experience great declines in housing prices after the policy’s implementation, especially cites that had high housing prices in 2010 and cities with high real estate investment as a proportion of fixed asset investment. However, the housing policy is less effective in curbing speculative demand.  相似文献   

设为首页 | 免责声明 | 关于勤云 | 加入收藏

Copyright©北京勤云科技发展有限公司  京ICP备09084417号