Compared with today, the real estate price before 10 was only about one tenth of today's. This is an unprecedented phenomenon in China's real estate industry. In China, only the price of the stock market and the growth rate of the number of stocks can compare with this. In fact, the nature of real estate and stocks in China today is almost the same. In other words, they can openly and legally resell, buy and speculate. Local governments at all levels are equivalent to local stock exchanges and securities companies, real estate companies are equivalent to the recruitment and distribution of wholesalers in the primary market of securities companies and brokerage fund companies, and homeowners are equivalent to investors, retail investors, middle-income households and large households trading in stock exchanges. Economists or entrepreneurs who often comment on the real estate economy and price trends are equivalent to "stock critics" in the stock market. The stock price can go up continuously, and it is common for the price to be multiplied several times. The price of real estate in some cities in China is equivalent to the price of some bull stocks, which is soaring and bullish. For example, Beijing, Shenzhen, Guangzhou, Shanghai, Hangzhou and Qingdao. . . Real estate in cities such as China is a bull stock. Therefore, speculators who get rich first and have deep pockets in stock trading and futures have a new place to use. They buy and sell first-tier real estate stocks in first-tier cities, and then buy and sell real estate in second-tier cities and third-tier cities. . . Because this is the result of the direct participation of local governments in the transaction. The local government is a first-class land wholesaler. Local governments levy high construction surcharge and operating income profit tax, which is also the only beneficiary of real estate transaction tax. If the real estate price falls and the market transactions are deserted, the income of local governments will be unimaginable, and the wages, bonuses and benefits of local governments and civil servants will be unsustainable. Therefore, local governments do everything possible to maintain the upward trend of real estate prices and markets. Internationally, the situation of the real estate industry is different from that of China, with prices rising and falling and overall stability. Why? The reason is simple: because most governments levy property taxes. 1776, the United States government began to levy property tax the day after its establishment, because it is the main source of government tax revenue. In foreign countries, the government does not restrict real estate prices, nor does it restrict real estate speculation. As long as you have money, suit yourself. However, the government should levy property tax on owners who own more real estate according to law, and the tax collected can almost support government civil servants. In recent years, many garden villas in the United States cost only one dollar per square meter, but they can't be sold in China because their people can afford houses and can't afford property taxes. Just like ordinary people in China can afford cars now, but they can't afford tolls, parking fees and gasoline. There is no choice but to go to China, Beijing, Shanghai and other big cities to promote it, and at the same time, it also provides some rich people in China with new opportunities to invest in immigration and give play to their speculative talents. . . Nowadays, in the cities of China, most of the people holding houses are government civil servants and middle-class industrial and commercial owners. Most of the newly-married white-collar house slaves who live in a large area are "neets". And most of the city's cash-strapped low-income classes can only wait for the so-called "affordable housing" indicators to be implemented on their own heads before they dare to buy "affordable housing" from bank mortgage loans. In fact, the real owners of most commercial houses in China are the major commercial banks in China. Because most of the commercial houses that have been sold and those under construction are paid by banks. The main source of money for commercial banks is that most people in China deposit in banks. Who manages the banks in China? Obviously, it is not something that ordinary people can do. . .