Research On The Transformation Of Semi-illegal Property Right Houses To Public Rental Housing

In recent years, real estate market in China is bubbling up obviously, and theprocess of urbanization is accelerating as well. Indeed the economy is benefit from it, itposes a threat to housing right of more families in the meantime. As a matter of fact, theChinese government has built housing guarantee system that includes low-rent housing,public rental housing and affordable housing, also an increasing number of such housesare provided, and the coverage of policy is extended. Nevertheless, the demand ofsecurity housing prevails over the supply, which makes many demanders cannot enjoysuch houses due to the housing guarantee policy shortcomings and huge capitalrequirements in essence. As a consequence, semi-illegal property rights house show anupward trend owing to their lower price compared to commercial residential property,which stimulates people to buy them. Since semi-illegal property rights houses areillegal, although the number of them is jumping, they lose the social function of housing,and they also have a detrimental influence upon social order. The motivation ofsemi-illegal property rights houses and public rental housing are totally different, but interms of social function and coverage, there are something in common. Therefore, ifthese two kinds of house could be connected or transformed in terms of system byproper approach, it would solve the problem of houses with semi-legal property rightsand public rental housing supply.This paper defines semi-illegal property rights house and public rental housing firstof all. Taking Land Property Rights Theory and Fairness and Efficiency Theory astheoretical basis, the paper researches the number and distribution of semi-illegalproperty rights houses in Taiyuan and public rental housing supply. Then, the writerconcludes the problem by comparing the data to residence demand. Using the problemas starting point, the writer come up with a method of transforming semi-illegalproperty rights houses into public rental housing, and then analyze its feasibility fromthree aspects. At first, the writer learns people’s opinion and support about this methodby questionnaires that cover five kinds of people in Taiyuan. Secondly, laws andregulations about semi-illegal property rights houses can also demonstrate the method’sfeasibility. Thirdly, from the aspect of capital, the writer use vacancy rate of semi-illegalproperty rights houses and the price and rent of second-hand houses that near to public rental housing, then the transformation cost can be calculated. Hence, by varioustheories and methods, this paper proves the feasibility of transforming semi-illegalproperty rights houses into public rental housing, which is beneficial to solving problemof semi-illegal property rights houses and easing financial pressure of building publicrental housing.