@Life is blogging: China's home prices are too high. Americans can buy a 50-meter apartment after working for 8-10 years, whereas the Chinese can barely afford a flat in the same area with 30 years' worth of savings. (Sina Weibo)

@Liu Daxion Niuge: Today's housing prices have many bubbles, rising far beyond those of their cost prices. Only when the bubbles are pricked and the home prices fall down to a reasonable level will buyers be willing to make the purchase. (Xinhua Weibo)

@Qilianshan-Lansong: In my point of view, average people who are compelled to buy a home at the cost of giving up their dreams can only make this type of purchase two ways. Their parents finance the purchase and their future will be essentially in the hand of their parents just as the saying goes- "Financial dependence brings dependent dreams." Or they are forced to sacrifice any future opportunities for development and cling to a stable job in order to afford the mortgage. (Sina Weibo)

@Zhenshihua: An average person's total income over a period of ten years can hardly offset the increase of housing prices over that same period of time. In other words, we work to still run into debts during that decade. (Sina Weibo)

@Ren Zhiqiang: If the current policy remains unchanged, housing prices are set to rise by March of next year. But for me, the property market is far from profiteering. The national economic census data of the year 2004 showed that the whole industry had made a total profit of only 200 billion yuan (US$32 billion) over the course of that year, with an average profit rate of merely 6.4%. (Sina Weibo)

@Binggan Hezi zhutyler21: As far as Beijing is concerned, the property industry is indeed non- profiteering. If the home prices are not high at the current level, property developers will suffer losses and people from within the industry will have to seek jobs in different industries. Therefore, it is improper to blame property developers for the skyrocketing housing prices instead of those truly making large profits from the industry chain. (Sina Weibo)

@Yunnan Daben: Mr Zhao lives in the Old Town of Dali City, Yunnan Province. His son has been in love with a girl for many years now. The young lovers had planned on buying a home together before getting married. However, surging house prices have forced them to postpone their wedding date. Zhao said that the prices of homes outside the Old Town have risen to 7,000-8,000yuan/㎡ (US$1,121-1,281 per㎡) and the homes within the Old Town are even more expensive. (Sina Weibo)

@--Sanyuefeng--: Nobody knows if the house prices surge in future. But it is for sure that they will not drop, because many local governments are still in need of land deal gains for their own financial support, otherwise, they may get in trouble themselves. (Sina Weibo)

@Xinhua456:

In today's China, skyrocketing home prices have become the country's biggest social problem. The home complex erodes city dwellers' souls like spells. (Xinhua Weibo)

 

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