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Thread: Who is the mastermind behind the skyrocketing house price?

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[quote=LEONARDO,237502]The rising house price has become one of  the biggest concern of both average people and governments at all levels.

According to sources, the house price is increasing in the whole China. However, what are the factors that trigger the constant increase in house price?

The main cause is speculation. According to a survey on Shenzhen's real estate market,  speculation domoinates the marketplace. Many real estate developers and investors make a Faustian bargain.Some investors buy the houses at a low price, while  resell at a quite high price. In other words,  some developers maliciously manipulate the real estate market.In this way, the real estate developers and investors achieved a win-win situation, whereas, the grassroots have to fall victim to their bargain.

The banks should also be blamed for the violent rising price. The banks  lent  a large amount of money to real estate developers without careful and strict scrutiny. The large amounts of loans is improperly used in expanding real estate industry. There is quite a strange phenomenon that  where the house price increased at a more rapid rate, where the more money will pour in.  It seems that banks are bullying the weak and back the strong![/quote]

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