Study On The Fluctuation Of Real Estate Price From The Perspective Of Fictitious Economy

The real estate market is the most important part of the virtual economic system,and the price "bubble" caused by the continuous strengthening of its speculative property is the typical market of the "major structural imbalance" of the two systems of the real economy and the virtual economy in our country.The phenomenon of house price movement caused by the strong stimulus of 2009 has greatly affected the relationship between the social funds in the real economy and the virtual economic market,which leads to the deviation of the social funds from the reality.This situation leads to the decrease of the total policy effect after 2012 and the money supply of high speed growth.China's economy has been boosted and economic growth has slowed.In 2016,the real estate market is a new round of price movement,and the whole economy of the structural adjustment period is further coupled to the contraction of the central city,and then the obvious phenomenon of "polarization,rise and fall differentiation" of the house prices in the main central cities and other small and medium-sized cities has been evolved.From the perspective of the research of virtual economy,this paper does not use the traditional theory of neo classical,rational expectation and other theories to study the fluctuation of real estate prices,which has a stronger explanatory power to the actual economic operation.First of all,this paper,based on Marx's land,land rent theory and David Harvey's urban land rent theory,follows the logical context of "the land is a financial asset-capitalized management of modern urban land-real estate virtual attributes and capitalization pricing",and finds the fundamental reason for the "dual property" of real estate.And establishes a theoretical model of real estate price fluctuation under the "double attribute" of real estate.Secondly,under the "double attribute" of real estate,this paper sorts out the basic characteristics of real estate and its relationship with macroeconomic operation.Thirdly,this paper makes a theoretical and empirical analysis of the multiple transmission mechanism of real estate investment and consumption in China.Finally,this paper puts forward a long-term mechanism to control the fluctuation of real estate prices based on "suppressing speculation".The purpose and significance of this article lies in,first,finding the fundamental reason for the virtual property of real estate,that is,capitalization of land.Second,under the dual property of real estate,the multiple transmission mechanism of real estate price fluctuation to China's consumption and investment has been put forward,and the basic framework of the double attribute of real estate to the operation of the national economy is basically established,which can be discussed in theory.Third,at the practical level,this paper puts forward a long-term mechanism to suppress the volatility of real estate prices,which is the core of "suppressing speculation",and puts forward some preliminary suggestions for the establishment of a multi-level housing rental market.