Why is the housing price in Aksu City, Xinjiang still very high now? Even if you can’t afford every apartment, the government doesn’t care about this matter.

The government continues to increase residents' income, saying that it will increase people's income by 15% per year in the next five years (if I remember correctly). The government work report of this year's two sessions proposed "doubling the income of urban and rural residents."

House prices are directly proportional to residents’ purchasing power. When residents’ incomes continue to rise, it is inevitable that house prices will rise. The government's current regulation is nothing more than concentrating on dozens of first- and second-tier cities. In other places, the area is generally 3,000 to 5,000, or even 6,700 or 7,000 per square meter. In fact, it is not considered high. According to the information disclosed by the National Meeting of Directors of the Office of Migrant Workers Work and Domestic Service Industry Work (see Sichuan News Network on February 29, 2012), the total number of migrant workers nationwide in 2011 was 252.78 million, and the average monthly income of migrant workers exceeded 2,000 yuan. Off, reaching 2049 yuan. Based on this calculation, the annual income of a migrant worker couple is 49,176 yuan. According to the internationally accepted calculation method and the "prime house price" recently popularized by netizens, the house price-to-income ratio is within 6 times. The total annual income is 295,056 yuan, which is enough to buy a two-bedroom, 75-square-meter small apartment with a unit price of less than 4,000 yuan, which can be purchased in most places across the country.

From the perspective of economics and economic laws, the future direction of the property market is definitely related to purchasing power. Although property prices seem to be out of touch with purchasing power at present, the economic law is the same, that is, investment depends on prospects. If purchasing power is expected to grow rapidly in the future, it may not take two or three years for purchasing power to catch up with property prices. adapt. Just like in the stock market, high-growth companies deserve high price-to-earnings ratios and high stock prices. Back to your question, it depends on whether you believe that purchasing power (resident income) will grow rapidly in the future. If you believe that residents’ income will grow rapidly in the future, and if most people also hold this view, then Isn’t it clear what the price will be like?

When people’s income doubles in the next five years, housing prices will definitely be higher than they are today.