Recently, Wu Jianbin, the former executive director of Country Garden, suggested that the state spend 20-30 trillion yuan every year to repurchase completed real estate projects.
In recent years, the real estate market has continued to cool, and the state has introduced a series of measures to save the real estate market, but with little effect.
Since the beginning of this year, the policy has been intensively released, but the property market has not fully recovered. The sales area of commercial housing in the country is constantly trending. Real estate companies have experienced debt crises of varying degrees.
So, is Wu Jianbin 's suggestion feasible?
Let's see the feasibility of his proposal this way:
First, it is consistent with the guiding ideology of the state to expand domestic demand.
At the beginning of the year, the state began a series of guidelines and policies to expand domestic demand.
Due to the three-year epidemic, foreign trade exports are less than expected, and the pull of investment on consumption is not obvious. The real estate market has undergone regulatory measures in recent years and has entered the stage of overheating to decline.
However, the real estate market, as a pillar industry of the country, plays an irreplaceable role in economic development. It is not only related to upstream and downstream industries, but also related to the banking financial system.
It cannot be denied that real estate is the bulk of residents' consumption, and its role in stimulating consumption is very obvious. It can be expected that the state will introduce further guidelines and policies to activate the real estate market to promote the steady development of the real estate market, which is to promote consumption.
Second, the progress of the ongoing delivery of the building. The progress is slow, and the residents' willingness to buy houses is not enthusiastic, and the effect is not obvious.
To a certain extent, the debt default of real estate companies will drag down the delivery of buildings, and will also bring huge bad debts to banks, which will jointly cause some banks to become insolvent and threaten to induce systemic financial risks.
Therefore, the state pays money to solve the debt crisis of real estate enterprises, which can also ensure the process of ensuring the delivery of real estate and resolve the risk of bad debts in the banking industry.