The Study Of Housing Reverse Mortgage Loan&housing For The Elderly Pension Mode

China has entered the aging society, pension has become every family must seriously face the problem, for a nation to comply with filial piety; Chinese endowment seems to carry a connotation and more responsibility. In today’s society, pension is nothing more than three kinds of family pension, community pension and pension institutions, but our country at present has disabled elderly 10360000, semi disabled elderly 21350000, large and medium-sized urban empty nest family is achieved 70%, this also means that in a certain extent, the three ways of old-age pension is not enough to meet the demand of our country old man. Facing the contradiction of our "old before getting rich" and the social security system is still lagging behind, in the current "421" family structure is becoming the mainstream of the times, "to the housing endowment" is considered to be the effective way to solve the problem of the future family pension issues.Is a new model of the aged support to the housing endowment, it is for the elderly who have property, they will own the property mortgaged to the financial institutions engaged in related businesses, the agency in the comprehensive evaluation of the borrower’s age, life expectancy, housing and the expected present value, discount real estate borrowers died the value of other factors, the allocation of the value of housing loan to the expected life years to go, the owner before his death still retain the right of residence. When the owner died, his property sale income to repay principal and interest of loans, while the remaining part and income brought by the appreciation of all to mortgagee. Reverse mortgage is essentially a pension housing finance securitization mode, is the financial means of financing, in the United States known as the "housing cash plan", are popular to the housing endowment.Based on the analysis to the theoretical analysis and the experience of the housing endowment of home and abroad, research the risk to the housing endowment, its feasibility and may be encountered in the implementation, found that China already has carried out the housing endowment material conditions, but the corresponding laws and regulations are not perfect, and housing for the elderly want implemented in China, the main problem is the concept of the old men. In the establishment of a set of effective operation and supervision mechanism, through the increase of house-for-pension scheme of propaganda, developed city selection idea relatively open pilot after the gradual popularization.According to the characteristics of Shanghai city found itself and the existing old-age model status in Shanghai City, Shanghai City, is a relatively less population quantity of heavy industrial city, urban households owned housing rate exceeds nine, and housing prices stable, above all for Shanghai city to carry out housing the old business provides basic conditions. In this paper, the housing reverse mortgage loan and house selling pension mode in the feasibility of Shanghai city to do a survey found that the implementation of the key problem lies in the city of Shanghai in the inland areas, open degree of people’s ideology is not enough, so the need to explore a can meet the different needs of the old people house-for-pension scheme model. Change people’s idea is not a short duration of time can be completed, the government must have corresponding laws and regulations and strengthen the public advocacy, according to the requirements of people, the development of a variety of options. And the most should be started from the old people the most acceptable despite the housing endowment and rental real rental small real mode to start, gradually add other pattern for the elderly to choose.