Housing prices have gone down, but why rents have risen

First, let's look at a set of data published by the People's Bank of China. In this set of data, we can see a change in M0, which can basically be said to be a continuous decline. Then, taking a long time scale, starting from 2016, the M0 group The data is basically not optimistic. From 2010 to 2015, the data of our M0 group has continued to rise in the past five years. From 2016 to 2018, although it has rebounded in 2016 and 2017, it is not A straight line rises, then by 2018, this group will start to go down, you can see a very obvious point, the decline in spending power is very obvious, the overall macro aspect changes, that is, our economy is not optimistic, this direct impact is leading to Most people choose between housing and renting, preferring the latter, thus accelerating the demand side.
 

Second, starting in 2017, we proposed leasing rights and encouraged developers to enter the rental market, but one problem here is that many developers are very optimistic about the future of the rental market, and some developers believe that the rental market is the next property market in China. Red Sea, but from the actual situation, the current leasing market is basically losing money for developers, but why are developers optimistic about the future of the rental market? Please note that for merchants, making money is the first place, and all other companies must stand by, but why do many developers, especially big names, have their own rental market? Here you can see two very obvious points. The active buying market is in need of loose monetary policy and increasing economic support. The former is macro, the latter is industrial, but the latter is very pessimistic. The former is expected in the future. We will maintain a high pressure for a period of time. In addition, our population migration is also a problem. From the perspective of institutional statistics, our population is constantly shifting to large cities, so the demand side is increasing.
 

Third, in the home purchase market, there is a very obvious point. The contradiction between supply and demand is relatively high. However, if there is no contradiction between the supply and demand of our house, why is this happening? Very simple, industry, this little series emphasizes countless times, people absolutely do not follow the house, not where your house is, where people are, people are following the industry, then here brings a very significant problem, traffic The problem, the problem of commuting time, the contradiction between supply and demand in the purchase market exists, not to mention the rental market, and as we improve the quality of renting, it seems to be very beneficial for buyers, but we do not have the supply side. Significantly keep up, from further intensifying the contradiction between supply and demand, then the contradiction between supply and demand will increase, the supply will be less than demand, and the result will inevitably lead to the rise of rent. In recent days, many media have reported on black media, grabbing houses, etc. The essence of the class is that the demand on the supply side is not enough. This is the essential problem. If we have enough supply, we still need to grab it? Any one thing depends on grabbing. He must be scarce, not scarce, no one grabs it. This principle is very simple. Whether it is man-made or other aspects, only scarce, there is a saying that it is robbed. This is the reason, but is it still used now? no need
 

In summary, it can be expected that under the relatively strong pressure of supply and demand, and the overall transformation and upgrading of our property market, during this period, our rents are facing a lot of upward pressure, especially with industrial support. As far as the city is concerned, this will be extremely obvious in the future, and the proportion of renting will continue to rise.