This project is about housing disaster in China.
Is property prices in China so high? And how high is it? What problems are caused the high property prices? What new problems show up as China's property prices falling? If we don't take any effective measures and policies to solve this problem, the real Housing Disaster will coming soon. So, what should we do to change this situation?
Problem:
1. When the chinese property prices are higher and higher, most of the people can't afford to buy a house. That's the reason why so many new residential buildings idle and wait
for selling out.
2. At the same time, estate developers continue to purchase agricultural land and build new residential building, resulting many landless and jobless peasants.
3. When the property prices being lower, those mortgage slaves don't want to see house prices falling, because they had already paid a lot before getting their house. Not only the
low-income but also the majority of the residents in China can't afford to buy a house. They are waiting and watching the situation. Though a lot of residential buildings are
still idle and wait to sale.
4. Economists have estimated that about 45% of China's GDP are relied on the real estate industry, also the real estate market directly impacts to other sectors like construction, steel production, cement production, electricity and household appliances and so on. If the real estate bubble burst, these people who work on it would facing the unemployment.
So if China's economy of real estate is a serious slump, at that time, many people will still unable to afford to buy a house.
Solution & Answer:
1. If still so many residential buildings are idle and wait to sale. Maybe we could rent these residential buildings which are stayed more than 6 months out. At the same time, it's cutting down the stress of the real estate market. That we should rent it to alleviate the pressure of real estate developers and property market. Keep the high price and substantial price cuts are not a wise move.
2. We should't be blind to the construction of more residential buildings. Because of the crazy expansion of real estate developers that made many landless and jobless peasants in China. So, the real estate developers shouldn't continue to purchase the agricultural land and build more new residential buildings any more.
