房地产虚拟资产特性的理论和实证分析

从虚拟经济的行为基础——资本化定价方式入手,对房地产的虚拟资产的性质进行深入剖析。研究房产和地产二者各自的虚拟性,然后加以汇总得出一个关于房地产虚拟性的基本结论:房地产是除金融资产以外的另一种典型的虚拟资产,其虚拟性介于一般商品和金融资产之间。文章同时指出,正是房地产的虚拟资产性质特性使其成为联系实体经济与虚拟经济的纽带。在一定意义上,房地产对宏观经济的运行具有稳定作用。

A Theoretical and Positive Study on the Characteristics of the Fictitious Assets in Real Estate

Starting from the pricing of capitalization the basis of the behavior ot the fictitious economy, the paper attempts a close scrutiny of the characteristics of the fictitious assets in real estate. On the basis of examining the fctitious nature of the housing property and land property respectively, the paper arrives at a tentative conclusion on the fictitiousness of both. Real estate assets are another typical kind of fictitious assets apart from the financial asserts, their fictitious nature being between the ordinary commodities and finacial assets. The paper points out in the end that it is the fictitious nature of the real estate assets that enables them to become the link joining the fictitious economy and real economy. It then can be argued that real estate can serve to stabilize the operation of the my to a certain extend.