In the past two years, the real estate market has continued to be sluggish, not only for developers, but also for banks, local governments, and even more for the national leadership. There is also a group of people who are in a hurry, and that is economists. 
Recently, Mr. Ren Zeping, the former chief economist of Evergrande Group, once again issued an article and proposed three major rescue methods. According to Mr. Ren Zeping, these three measures, as long as they are implemented, can save the sluggish real estate market. Perhaps, like in 2016, it is not only prosperous, but also popular. Let's take a look now about what Mr. Ren Zeping's 3 big moves are. 
Trick 1: Establish a National Housing Bank. Ren Zeping pointed out that the current real estate market is facing various problems and needs to take extraordinary measures to solve them. And he thinks that the formation of a housing bank is a very good trick. Specifically, after the establishment of the housing bank, the housing bank will acquire the developer's land and commercial housing inventory, and then use it for rental housing and affordable housing. This practice can effectively prevent the developer from having a bad finish, and at the same time, it will not hold the buyer from the responsibility for the bad finish. In addition, developers can also obtain funds to ensure the delivery of the building in this way, which can be said to kill multiple birds with one stone. 
The second move: It is to completely remove the restrictions on the purchase of houses across the country. This is the perfect time to be in the midst of a downturn in the real estate market. Ren Zeping said that all developed countries in the world do not restrict the purchase of houses. (Ren Zeping may have forgotten that all developed countries in the world are capitalist countries and practice a market economy.) China also says that it is a market economy, but everyone knows that it is not like that at all. The real estate market in developed countries is adjusted by ** and taxes, which is in line with the laws of the market economy, rather than intervening through artificial administrative means. 
Therefore, Ren Zeping called for the purchase restrictions to be completely lifted. The lifting of purchase restrictions will inject new vitality into the market, stimulate the demand for housing purchases, and promote the recovery of the real estate market. At the same time, it will also give buyers more options and be more able to meet the market demand. Of course, the lifting of purchase restrictions also requires a series of policy supporting measures to guide the market and avoid violent fluctuations in the market. But there is no doubt that the lifting of purchase restrictions will be a big positive for the development of the market. 
The third move: greatly reduce the interest rate of the stock mortgage. In the field of real estate, the loan interest rate of stock housing has always attracted much attention. One expert believes that the current interest rate on existing housing loans is simply too high. With the increase in employment and income pressure, residents bear the burden of such high interest rates, and the pressure on life is too great, and life is becoming more and more difficult. At the same time, real estate companies can hardly afford such high-cost loan interest rates. Therefore, he suggested that the interest rate on existing housing loans should be significantly reduced, not only for the first home loan, but also for the second home loan. 
In the current downturn in the real estate market, Ren Zeping's suggestion may attract the attention and thinking of the industry. It has also sparked widespread controversy and discussion. Proponents believe that this approach can effectively break the current deadlock in the housing market and help protect the interests of home buyers. Opponents are concerned about whether such an approach would lead to more risks and problems. 
In my opinion, the establishment of the so-called housing bank not only does not conform to the laws of the market economy, but also runs counter to the market economy. Let me ask, which developed country in the world has ever set up a housing bank?Do you want the housing bank to buy the developer's land and the house that can't be sold?If this is the case, the developer will be living a nourishing life, but where will the housing bank get the money?Did it fall from the sky?Isn't this still using state funds to bail out developers?It's just a turnaround. It's simply a change of soup and not a change of medicine. 
As for reducing the interest rate of existing housing loans, it can stimulate the demand for housing and promote the activity of the real estate market, which may have a positive effect on destocking and promoting economic growth. However, there are also concerns that excessively lowering the interest rate on existing housing loans is likely to lead to overheating of the real estate market and even trigger financial risks, which needs to be carefully considered. However, in any case, the significant reduction of the interest rate of the existing housing loan has become one of the hot topics of discussion at present, and it is believed that the relevant departments will make more reasonable decisions based on the opinions of all parties. Let's wait and see what changes in the future. 
Consumers don't buy houses because housing prices are so high that they simply can't afford them. If this problem is not solved, all the rescue methods will fail if they are not good. Note: 1. The picture is as infringing and is deleted. 2. Plagiarism is prohibited. List of high-quality authors