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The Research Of Current Real Estate Market Problems In China From The Perspective Of Marxist Land Rent Theory

Posted on:2012-03-22Degree:MasterType:Thesis
Country:ChinaCandidate:S P SongFull Text:PDF
GTID:2189330338492424Subject:Basic principles of Marxism
Abstract/Summary:PDF Full Text Request
Real estate industry, as an important lever for the national economy, plays a significant role in improving people's housing standards, stimulating related industries and boasting economy. However, the emerging problems during the rapid development of China's real estate market have severely hampered the healthy development of the whole national economy.The first problem is the problem that rose by the irrational rise in housing prices. For the high correlation among real estate industries, the rise in housing prices also brings the rise in other industries products'prices. This not only increases the residents'burden of life heavily, but also makes the national economy confronted with inflationary pressure. The second is the excessive speculation conduct. From the perspective of investment, the feature of real estate itself can maintain and increase its value, real estate market's widespread ?expectation of rising prices of houses, the continuous improvement of residents'life level and the lack of investment channels for people to chose, all these makes the real estate the best investment object. With the continuous swarm of fund in the real estate market, more and more market behaviors for the purpose of speculation make the real estate prices huge volatility. The abnormal false booming emerging in the real estate market further widens the disparity between the rich and poor. For the special capital source of the real estate market, its fund mostly comes from the credit of financial institution such as banks and so on, this has increased more financial risk to the whole national economy. The third is the real estate market of China has been chaotic for years. A great quantity of non-standard behaviors on the sale of earth into the market, the high increasing of the earth prices raised by the impulse of local government's achievements, the non-standard operation behaviors of the real estate development businessman, the direct benefit relevance between the development businessman and the local government and so forth, these must make this trade's credit get serious query, meanwhile also make the government's public prestige meet huge challenge. The forth is the protruding structural contradiction of China's real estate market: the structural surplus, imbalance of housing resources allocation efficiency, unsound housing insurance mechanism, and waste of quantity of housing resources.Although the government put forward policies to regulate problems arise from the development of real estate market, most of them didn't meet the targets, or just cure the symptoms, not the disease. The late research on real estate market of China also contributes to this result. The real estate market of China is much different from that of the west, so it cannot resolve the problems if we introduce western theories blindly.The perspective of Marxist Rent Theory will be instructively meaningful for us to further understand and resolve the problems stemming from China's real estate market. The main causes including the rise in rent cost, defects of land system and capitalization of houses, all of them account for the problems above. All kinds of measures need to be taken to tackle these problems. Comprehensive measures such as further improvement of real estate market system, strengthened systematic construction and rational investing need will promote the healthy development of real estate industry.
Keywords/Search Tags:Real Estate, Basic Research, Land Price, Land Rent
PDF Full Text Request
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