A Study On The Model Of Backward Mortgage Mortgage In Shanghai Housing Under The Background Of Population Aging

With the arrival of the aging society, the pension problem Shanghai is facing becomes more and more serious. However, Shanghai’s social security system is in a transition period, there is a big gap in the pension, social pension pressure is very heavy. On the other hand, because of the long-term policy of family planning, large numbers of "four-two-one" families and "empty nest" families appear, that family pension has become increasingly fragile. So we have to look to the seniors themselves in order to give them a better old age life when social pension and family pension are both facing huge challenges. As an effective way to solve the housing security and social security under the background of the aging of the population, housing reverse mortgage pension model has developed in the United States as the representative of many foreign countries. Although there was some preliminary practice in our country but finally failed. So how to build an effective housing reverse mortgage pension model under population aging background in China remains to be studied.First of all, this paper uses the method of theoretical analysis, elaborates the concept, the basic features, theoretical basis and researching status at home and abroad of the housing reverse mortgage loan; secondly, analysis the influence of the aging of population in Shanghai by combining with the data, the current pension models in Shanghai and existing problems, housing self-help pension model practice in Shanghai and the reasons for failure; after, in order to prove the necessity and feasibility of developing housing reverse mortgage pension model in Shanghai, this paper uses the SWOT analysis method to analyze from the advantages and disadvantages, opportunities and threats; thirdly, combined with the successful experiences of the United States and other countries, this paper build the housing reverse mortgage pension model for Shanghai, including model selection, audience, participation mechanism and operation flow. In particular, this paper uses the empirical analysis method, draws lessons from foreign pricing models, modifies the model according to the concrete conditions of Shanghai, finally gets the mathematical model of Shanghai housing reverse mortgage loan and its product pricing.At last, through research, the paper has got the following three conclusions. First, Shanghai already has the necessity and feasibility of the implementation of housing reverse mortgage, and this pension model is recommended to relieve the pressure on the increasingly serious pension. Second, when Shanghai implements housing reverse mortgage business, we should give full play to the advantages of commercial banks, insurance companies, real estate evaluation institutions and intermediaries, market operating in the government-led. We should take the combining road of government model and market model. Third, through the reverse mortgage pricing, we can see housing reverse mortgage pension model can not only effectively increase the income level of the elderly, but also bring good economic benefits to financial institutions, achieve win-win results. We can find that this pattern can make up for the shortcomings of housing self-help pension model in some areas. In order to better implement the pension model, this paper puts forward recommendations according to the function of the government, the laws and regulations and risk prevention.