People in China attach great importance to the concept of family, so people in China are more eager to own a house of their own than people in any other country. So young people in China grow up, or people in China will be willing to buy a house when they have a certain economic ability.
As a result, market demand will rise and house prices will naturally rise. As soon as house prices rise, it is easy to drive all housing-related industries to work together. Such as building-related materials, such as cement, sand, stones and so on. Moreover, the house is inseparable from decoration, so the decoration materials and design industry, including tables and chairs, sofa coffee tables, electrical equipment, etc., are changing with each passing day.
In addition, construction and decoration are inseparable from the workers, so the wages of workers have also increased accordingly. A large number of people have driven the catering industry and consumer shopping malls in disguise. Therefore, various factors accumulate, and the price of house prices will rise all the way and cannot stop.
In addition, the rise in housing prices is also related to economic development. In fact, in any developed country, house prices will become an insurmountable threshold in economic development. The difference is that we treat and guide them correctly. Before China, there was an economic crisis triggered by the avalanche of house prices in Japan and the United States.
There is also a hidden team that has also raised housing prices in disguise, that is, real estate speculators. These real estate speculators snapped up all the houses they just needed and then waited for an opportunity to sell them at a high price. They are more or less responsible for high housing prices.