Academic Master

Human Resource And Management

China’s Housing Market Is Like A Casino Article Analysis

Dear Editor,

I am writing to you after reading the article on China’s Housing Market is like a Casino published on January 22, 2018. I would like to share my opinion on what I think with you and all my other readers.

I agree with you that China’s Housing Market is like a Casino. It has been noted that there has been a rapid growth in housing prices all over China. The major reason for this high rise in prices is the lack of property tax. To reduce this high rate increase in house prices, serious measures have to be put in place to curb this situation. The Chinese government needs to impose a property tax to regulate the prices of houses. This will reduce the urge of many investors who snap up homes, hoping that the prices will rise but end up not occupied because speculators are building houses that nobody wants to buy.

By doing this, it will lead to an increase in the Chinese economy and stabilise it. Other industries, such as furniture making, which are related to property, form part of the country and are a vast and important contribution to the economy. I also support you that housing as it forms the country’s biggest booms, and more local investors have dived into it.

Another factor that has led to high prices of houses is the accessibility of local government services and other social amenities such as education centres.

Also, teenagers, more so men, are required to have their apartment before they get married. This creates demand for the houses, leading to high prices.

In conclusion, I agree with you that the existence of high house prices is due to a lack of property tax, people trying to access certain local government services and cultural factors such as marriages.

Yours Sincerely,

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