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Thread: Seven sins for skyrocketing house price in Beijing

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[quote=KEVIN0518,238072]No.4 Those house buyers can be divided into two groups: People who buy a house for living and people who buy a house for investment. The latter buy a house and wait the house price rising and rising. Finally, they will sell the house to make money.

Those developers find that the population of the first kind people is increasing. Thus, they raise the house price. Those people who want to buy a house for living have on other way except buying the house. Actually, they have paid too much.

No.5 In recent days, China's stock market is not stable, sometime rising crazily and sometimes dropping sharply. When the shares drop sharply, those investors give up investing in the stock market and begin investing in real estate. Compared with shares, investing in real estate is safer and never become devaluated. Thus people choose to invest in real estate instead of stock market.

No.6 The land price is another factor. At present, there are less and less land. Therefore, the land price is increasing. An offical in Beijing said that the land price increased 9.8% in the first quarter compared with laste year.  However, the house price just increased 5.6%. If there is no land, how can those developers build houses?

No.7 The  price is decided by the supply. More and ,more people want to buy a house. B
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