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- W936809743 abstract "Based on the data from 36 major cities in 2004 and 2005, this paper analyses the rationality of present housing price level, focusing on the high price-to-income ratio in the market. The results indicate that, current property prices in most cities are reasonable, and the problem occurs only in a few cities. Housing difficulties for urban dwellers are mainly twofold: low affordability of down payment by first-time homebuyers, and low affordability by low-income and medium low-income households. In order to achieve social harmony in the housing sector and provide a healthy environment for the housing market, the government should improve the public housing system and increase input to make public housing affordable." @default.
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- W936809743 date "2007-01-01" @default.
- W936809743 modified "2023-09-24" @default.
- W936809743 title "Is China’s Housing Overpriced?" @default.
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