Lang Xianping once again criticized the property tax at the special Xiyuan Channel of Finance and Economics
On August 18, economist Professor Lang Xianping once again attacked China's property tax at the Xiyuantai lecture venue. He claimed: "China's property tax is not legal at all. Unless tax revenue is reduced, China's real estate will never be, and the so-called spring of real estate will never come." Since the home venue is Xiyuantai, Professor Lang's remarks did not harshly target real estate developers and housing prices, but analyzed the main reasons for my country's high housing prices from another aspect.
In the world of finance and economics, Professor Lang has always been a civilian economist who is responsible and dares to speak out. Therefore, no matter who Professor Lang gives guest lectures to, the seats are always packed. This time, Professor Lang, the host of Xiyuan Taiwan, talked about the eight major crises in China's economy, namely: resource crisis, overcapacity crisis, comprehensive debt crisis, inflation crisis, private enterprise crisis, banking crisis, real estate crisis, and consumption crisis. These "Eight Articles of the Nation" have analyzed China's existing economy from major to minor. Especially regarding the banking crisis and real estate crisis, Professor Lang gave detailed explanations in 30 minutes and 27 minutes respectively.
Regarding the crisis in China's manufacturing industry, Professor Lang Xianping said this: "China's manufacturing industry is heading towards extinction at an alarming rate, but the international status of China's manufacturing industry will be inherited by Americans who would never have dreamed of it in the Chinese people's dreams."
When talking about China's real estate crisis, Professor Lang also made a cold statement: "Everyone here is looking forward to a drop in housing prices, right, but let me tell you, it will only be a colorful dream. Unless China's real estate tax is cancelled, then tomorrow the overall housing prices in Beijing will drop by 70% on average, and the real estate stock market will collapse instantly." Although Professor Lang said this with his typical sense of humor, the prospective owners of Xiyuan Terrace all knew how high the "truth" index of this sentence was. Professor Lang Cong said: "It has been more than a year since the regulation. In addition to restricting purchase qualifications, the housing prices in Beijing's real estate market have not dropped substantially. Especially in Xiyuantai type urban areas, housing prices continue to rise due to the location. If we insist on using data to explain it, If housing prices in Beijing have declined, the media will use Tongzhou as a scapegoat, because only Tongzhou and Fangshan District counties in Beijing’s property market have experienced declines, and the price decline index is only about 3%-5%, so the decline index in Beijing districts and counties is meaningless to the public.”
Since the home court of Xiyuan Terrace is Xiyuan Terrace this time, Professor Lang also said something like this: "If you want to preserve the value of assets, the stock market cannot do it, only the property market." Regarding this sentence and the home court of Xiyuan Terrace, we can only superficially understand that Xiyuan Terrace still has a certain value preservation effect.
[Related] Xie Yifeng: It is ridiculous and outrageous to advocate that property tax can reduce housing prices.
Chairman of the Daoke Real Estate Consulting Agency and Policy Research Director of the Asia-Pacific Urban Development Research Association said on his Weibo on August 22 that it is ridiculous and outrageous to advocate that property taxes can reduce housing prices.
Xie Yifeng said that the "property reduction theory" for the purpose of levying property tax is simply ridiculous. It is ridiculous and outrageous to advocate that property tax can reduce housing prices. It is an unpatriotic act to deceive the world.
"According to the Ministry of Finance's explanation of the purpose of property tax reform at the end of last year, the purpose of restoring property tax on personal housing has four aspects: first, to regulate residents' income and wealth distribution; second, to improve the local tax system; third, to promote economic structural adjustment and intensive land use; fourth, to guide individuals to rational housing consumption." Xie Yifeng said.
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