Sunday, October 10, 2010

Last month, I just said

 Do not chase, , cooling is the next swing. Recently, real estate stocks continued to fall, bad come, Nanjing, is no exception, just need to have more Do not worry,UGGs, the less safe not manic.

contrarian property market boom confusing, about asset price bubbles before the endless arguments, this is blowing bubbles in the world. skyrocketing property market is due to the enthusiasm of investors, not by the true value and fundamentals-driven; emotional chase sell, buy a house irrational gave birth to the herd behavior of speculative bubbles, eventually the state of the property market into a false prosperity.

financial crisis or whether it is price earnings ratio than the rent prices are more than a rational level, while income, Consumer satisfaction will and prices are in historically low, but buyers will have continued to rise. Despite the price exceeds the capacity of people, but overtaken by emotion, driven by more people poured into the property market have accelerated, so that the property market into irrational exuberance.

03 years since the property market bubble is about to collapse on the remarks to another, but ignoring the price has soared, paused in 2008, 2009 into the sky again, and many have more housing units jumped from the poor people who upgraded to the rich, these are very touching story of the rise of the family. Whether home buyers, speculators, developers and local governments have become obsessed with the rise of the plot, the periphery of the housing bubble warnings are not enough to cause any fracture.

In fact, the property market but there had been failures rise, have been forgotten. I have experienced a false prosperity of Hainan. 88 became the youngest of the largest in Hainan Special Economic Zone , more than 650 million population, but the island actually had more than twenty thousand ,91-93 years of real estate companies rose more than 4 times the price, with the strong property market pull, Haikou and Sanya, 92 years growth rates of up to amazing 83% and 73.6%. this wave of madness in 1993 finally came to an end when the central control, leaving more than 600 buildings billion. until 2003 with the national property market to recover only gradually heat.

in the real estate sector, SOHO Pan Shiyi, Feng Lun Wantong real estate, Vanke Wang have gone through this gold rush years, participated in this out tragicomedy. This is the Huayuan Group Ren do not have experience. they are always cautious remarks on the property market and Ren who, more managers and operators of local government. The two main property market consequences of the irrational behavior of worrying, more worrying is that no mention of the Central seems to even mention.

suddenly, in just the central continuous reference to the property market within a week, for the first time publicly pledged to However, there are nowhere near the country suspected of four. because not long ago to chase the higher the more hope to those households and industrial and mining areas of the shed housing the people, rising house prices have already put them outside the door tightly closed, and now push housing prices The main customer is the real estate investment, and for the dual purpose of improving the living and buy a house, affordable housing and the transformation of squatter settlements and can not benefit them, and naturally can not curb their urge to buy a house.

soaring prices The fundamental reason is awash with liquidity. overflow outlet should be a place of liquidity, since the real economy, lack of demand, it can only bubble assets when the flood zone. the current city's housing prices have already far exceeded the value of the house price and value is a huge space between the flow of flood waters. who does not mention the well-known flood of liquidity surge main reason put forward to justify it to stabilize the market price expectations, that the developers, pursuing high and real estate speculators are like the people that listen to fart. can be more than a decade the development process of the property market, and the Central Economic Work Conference to expand domestic demand, a comprehensive reference to urbanization, are boosting the people's expectations of future prices.

water is too great, low interest rates are the highest in 20 years. Of course,cheap UGG boots, house prices rise strongly, deviation from the production of goods and services, income level determined by the intrinsic value of the real economy, into a speculative investment, with investment growth, prosperity and the emergence of real estate show a clear upward trend, so buy a house with good earnings prospects,UGG boots cheap, in particular, especially for the post of speculation. This attractive prospects to attract more capital investment, a strong expectation house prices rose rapidly, and indeed confirmed by the market expected, so I expected the formation of house prices rise further, to promote the continuous injection of capital and raise prices, this is the bubble, that is, the price of virtual water, that is a false prosperity.

This time, when the sales tax when the New Deal, second-hand housing responsive Nanjing rapidly in the first gush, volume suddenly amplified, there has been strange inhibition of housing prices buyer's market sell-off in trouble, and finds the best time now is thrown out. The prices have been deeply disturbed, so no longer expect the property market next year, so crazy as this year has been realistic. price gains will be hard hit if the new requirements have not been excited, do not rule out the sell into the situation. the current policy of attack by prices have become a spent force, to around the Spring Festival, the price will go into a deadlock on punishment of a child, other children need to cry, you understand?

wait started to gather in the wait control rules. policy first Fist, the five ministries to fight to developers hoarding land speculation. get to the down payment of not less than 50%. Now most of the 20% -30%, and somewhat spoiled developers, is suddenly a stick to hit rip a? not. the source of the high prices: First, collusion, one speculation. From this perspective, local government real estate speculation phase with the tangled social capital, is under the umbrella of deep gray interests of the chain. Why speculation? speculation to get to the money gone? speculation and speculation is not the use of the proceeds of the reasonable and legitimate? alienation of real estate properties, worsened the distribution of wealth and hinder the restructuring, induce the property market fluctuations. but market demand will continue to worsen next year; the popularity of the car to the outskirts of the city housing and parity; just to be gentlemen fall, House to eat.

recall the policy schedule, 2005, In the fly from the heart of the sidelines. The road ahead is long, can be assured that policy will not shift, but dangerous section of local experience, pumping, weight bloated and severely overloaded, carrying a huge potential, he could not step on the brake, let alone stop, backwards.

2009.12.16

shells and flowers of spring





wooden pole fruit bud

flat handle and head of ramie

cocoon grass Scutellaria



Yufeng spent

Dipsacus

gentian

Daqing

Androsace

Papilionaceae pea flowers alone are



Portland Rhododendron

Eurya columns, Theaceae

Fulang Eurya spent

Raspberry Red Dog

Kim Chang tail grass, bones Labiatae genus < br>
Potentilla fruticosa

snapdragon

red flowers of the Eurya, Theaceae Eurya

Gesneriaceae

root rough Su

latifolia mountain laurel

Pyrola

Man Pedicularis



hair grass stems Yingzi Gerbera,UGG shoes, Gerbera hair Asteraceae

the genus Delphinium Ranunculaceae Nim



plum hair grass

Litsea, Lauraceae Litsea is

Caryophyllaceae

Symplocos genus of white grass Yingzi

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