Housing price in China and government
Housing price in China and government’s policies to control it
Name:Rui Ying(Renee)
Thesis Statement:
This essay argued that the housing price which has rises rapidly, because .Demand is outstripping supply . Chinese housing market is growing rapidly .“real estate”. This essay explains that government needs to be controlled by a good policy that Chinese government issued a 20% capital gains tax on sales of second homes to discourage real estate investment.
Definition:
Housing market is a general market of houses being purchased and sold between buyers and sellers either directly by owners or indirectly through brokers. Chinese housing market is growing rapidly. Between 2012 and 2013 prices in Shanghai and Beijing registered some of the largest increase, rising 15% over the previous year. Because many people begin to invest in housing market. For example, a person has one million RMB , put into bank the interest is very low. However, if the person use these money to buy a house, in the future , the profit is much than bank interest. So, more people prefer earning money on houses. All in all, Chinese housing price growth rapidly because of low-interest in bank.
Housing bubble is means that temporary condition caused by unjustified speculation in the housing market that leads to a rapid increase in real estate prices.Housing price is rising rapidly, it is a bad phenomenon of Chinese housing market. With the housing price rising, many low income families and jobless cannot buy a new house, but the new houses all be sold by commence sales. Most house sales to rich men, and then they will rise the price and sale to another man. Finally, the low income families cannot afford it. So, the housing bubble is mainly caused by real estate.
Body section 1
The recent rapid rise in the housing prices due to demand. With the growth of China's population and more old houses, the demand of house is increasing. No matter what kinds of people all want to buy
Name:Rui Ying(Renee)
Thesis Statement:
This essay argued that the housing price which has rises rapidly, because .Demand is outstripping supply . Chinese housing market is growing rapidly .“real estate”. This essay explains that government needs to be controlled by a good policy that Chinese government issued a 20% capital gains tax on sales of second homes to discourage real estate investment.
Definition:
Housing market is a general market of houses being purchased and sold between buyers and sellers either directly by owners or indirectly through brokers. Chinese housing market is growing rapidly. Between 2012 and 2013 prices in Shanghai and Beijing registered some of the largest increase, rising 15% over the previous year. Because many people begin to invest in housing market. For example, a person has one million RMB , put into bank the interest is very low. However, if the person use these money to buy a house, in the future , the profit is much than bank interest. So, more people prefer earning money on houses. All in all, Chinese housing price growth rapidly because of low-interest in bank.
Housing bubble is means that temporary condition caused by unjustified speculation in the housing market that leads to a rapid increase in real estate prices.Housing price is rising rapidly, it is a bad phenomenon of Chinese housing market. With the housing price rising, many low income families and jobless cannot buy a new house, but the new houses all be sold by commence sales. Most house sales to rich men, and then they will rise the price and sale to another man. Finally, the low income families cannot afford it. So, the housing bubble is mainly caused by real estate.
Body section 1
The recent rapid rise in the housing prices due to demand. With the growth of China's population and more old houses, the demand of house is increasing. No matter what kinds of people all want to buy