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Thread: Should the government intervene in fixing the house price?

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[quote=KEVIN0518,237473]House price in China has been rising rapidly in recent years. Confronted with this kind of situation, Nanjing municipality used some administrative measures to fix the house price, for example, they regulate that the increase of house price should not exceed 5% and limit the profit margin.

The move of the government has aroused people's attention and leated discussions. The developers, ordinary people and scholars all take part in discussing this issue.

Ordinary people applause for this move. They say that the government should have done earlier. At present, the house price has rising too quickly. Those ordinary people can not afford to buy a house.

The developpers object that the government should not intervene in fixing the house price. They say that today's economy is market-oriented not planned economy. The price should be determined by the market supply and demand.

The government has its reasons. If the market rule fails to adjust the price, then the administrative means is needed. House is very important to people. To adopt some administrative means can help pull the house price back to the normal track and ensure that the real estate can develop healthily.

The scolars say that other developed countries also had done so. The bubble of real estate in Japan and Hong Kong proves that the rapid increase of house price is harmful to economy development. The purpose is to ensure that those middle and low income families could have their houses.

What is your opinion, my friends? Should the government intervene in fixing the house price or not?[/quote]

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