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The Analysis Of The Influence Of Housing Accumulation Fund System To Household Housing Consumption

Posted on:2019-06-28Degree:MasterType:Thesis
Country:ChinaCandidate:X Q YuanFull Text:PDF
GTID:2429330545962882Subject:Social security
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The housing accumulation fund system is a kind of housing finance system with sociality,mutual and policy-based.Its operation mechanism is compulsively letting the employees and the employers pay some money according to a certain proportion of the employees' wages every month.This system can create a fund accumulation for employees' housing consumption and form a reciprocal financing mechanism between all the employees who are involved in the housing accumulation fund.This system can improve the ability for employees to purchase housing,and it has played an important role for the policy-based-housing-finance under the housing market system.In 1994,Taiyuan city formally established the housing accumulation fund system.After more than 20 years of development,housing accumulation system has helped to prompt the development of real estate industry,as well as increased people's housing purchasing power and the ability of changing living conditions.However,with a rapid development of the social economy and housing market,the housing accumulation fund system has gradually shown some lag problems.The main research object of this dissertation is the housing accumulation fund system in Taiyuan city.This dissertation summarized relevant regulations about the proportion,extraction,loans and value-added benefits of housing accumulation fund system in Taiyuan city.Relevant data from 2011-2016 is used to analyse the applications of this system in Taiyuan city.Based on two perspectives: the contribution degree of housing accumulation system and the influence degree toward housing purchasing power,several representative indicators were chosen to measure the influence that housing accumulation system has towards household housing consumption.The result is that the housing accumulation fund system can motivate the household housing consumption ability,albeit with some flaws.Specifically speaking,the housing accumulation fund system performs well in its contribution degree of housing accumulation fund loans and interest rate saving rate but unsatisfactory in repayment rate.Above all,the housing accumulation fund system can promote the housing affordability.The advantage of housing accumulation system which has been mentioned above can be tracked to two factors: the increase of housing accumulation fund loan amount and the decrease of its interest rate.The contribution of repayment is relatively low because the current system is relatively fixed and single,this leads people to pay a relative low amount into the fund,and eventually the fund amount cannot meet the actual loan demand.In order to solve these problems,this dissertation demonstrates that increasing the deposit base and deposit ratio of housing accumulation fund can increase the payment scale of housing fund.This method is developed from two concepts: to increase the payment of housing fund and the variation of loan portfolio.Using this method,the target that increasing the actual loan amount by rising the amount of housing fund accumulation.Meanwhile,to ease the housing accumulation fund loan term and increase the loan portfolios can assure that people in need of financial support can benefit from housing accumulation fund system,also households with different income level can enjoy the most appropriate loan policy.
Keywords/Search Tags:housing fund, housing consumption contribution, housing affordability index, household housing consumption
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