Research On The Influence Of House Demolition On Family Asset Allocation

Family asset allocation is to achieve the purpose of risk diversification,asset preservation and appreciation through diversified investment choices,so that the family can obtain better security in life.With the rapid development of Chinese economy,the national income is increasing constantly.How to allocate assets has become the problem of family and society concern.It is not only about the family’s own wealth growth and risk resilience,but also about the stability and long-term development of financial markets.The report of the 20 th National Congress proposed to explore various channels to increase the factors of low-and middle-income people,and increase the property income of urban and rural residents through various channels.The effective allocation of family assets can not only promote the maintenance and appreciation of family wealth,but also adjust the gap between the rich and the poor,share the fruits of development,and achieve common prosperity.However,in real life,there are problems such as excessive proportion of real estate,too low proportion of financial assets and single asset structure.At the same time,in order to meet the needs of urban planning and residents’ safe living,house demolition has become a social boom,and many families have been compensated for resettlement,but there have also been incidents of families being impoverished due to demolition,and the family assets have been greatly reduced.Does the housing demolition activity effectively improve the level of family wealth,and what kind of asset selection behavior will residents make? Considering the fact that the ratio of average real estate is more than 60%,how to adjust the role of family housing asset ownership? This paper will explore the housing demolition as a special social phenomenon.Considering the high proportion of family real estate in China,from the perspective of family housing assets,we can better understand the investment decision-making behavior of Chinese families,and provide some reference suggestions for future housing relocation activities and financial market development.Based on the theoretical basis and literature review,present situation description,research design and empirical analysis framework,this paper systematically studies the influence of house demolition on the behavior of Chinese family asset allocation and the role of family housing assets in it.The results show that:(1)Experienced house demolition has a significant promoting effect on household participation in risky financial assets,especially increasing the scale and proportion of risky assets.Further heterogeneity analysis among different groups shows that the positive and promoting effects are more obvious in urban households and high-income households.(2)The moderating effect of owning housing assets on household asset allocation is also different,and the moderating effect of owning a house on the proportion of household risky assets is more significant.Figure [3] Table[11] Reference [67]...