Financalization of Housing Needs Governmental Regulation
竞选村长
Abstract: With the fast development of world economy, the overall living standards have been greatly improved. For majority residents in the world, housing has become no problem at all, and to be in posssion of more suites of hous and invest in housing industry encouraged by the officials has become a trend. Though it is the truth that financial market does play an important role in the distribution of sources of hou, it do not mean that everyone has equal access to hous. After studying relevant financial knowledge in the cour of financial market by Robert shiller, and the report of Leilani Farha during the Interactive Dialogue at the Human Rights Council with some ideas about the financialization of housing, some doubts come into my mind. With the help of some basic principles and knowledge of financial market, this essay aims to have an analysis of the role of financial market in curing the basic rights for housing and to examine whether the participant of financial market will cure the equal access for the public.
Keywords: financial market; equal rights; functioning of financial market; economic cris
学习型社会
In recent year, the demand for hou has been an uprising trend in many countries, especially in the developing nations like China and India that are characterized with overwhelming amount of population and higher need for basic living products. In the economic development, financial market has been a major role in determining the allocation of the market resources like capital ans physical materials and the transfer of the financial cris. However, the incorporation of housing industry as the tool of finance indeed brings negative impacts on the society. To some extent, the free market is of vitality and can bring economic development, when 十个口打一字
As Bernardo(2002) stated, Financial market refers to the market where both fund suppliers and fund demanders conduct transactions through credit instruments to finance funds. Generally speaking, it is the market where money lending and financing are realized and various bills and curities trading activities are handled. Then how does financial market run and function? When the need of funds from individuals or business is perceived by the market, the funds can be provided and in this process money is collected, which is called . When a surplus of capital comes into the market, it can be u
年会表演节目推荐d to invest for other purpos, which is called investment. In financial market, the free flow of the capital among business or individual, market for financing and investment, and financing institutes is the basic functioning of financial market (Wang & Yu, 1999). There are veral functions that financial market has: capital accruement, resource allocation and economic regulation. It can be quite clear that the free flow of capital can be fully ud to create more value and profits. In the past, hou was a life necessity that didn’t need to spend large amount of money to buy and was parated from the market. Now real estate begin to turn to the financial market, to be specific, the real estate market of housing is also the capital operation and circulation where stock and bond are coming into the market as a way to realize the gain of profits. The real estate can reap profits through financial means like land and construction. Definitely national departments of finance and investors can be beneficial of the intervention of financial market. While for the massive amount of the ordinary people who can not share the cake by the resource allocation, housing ems to be a luxury.
In the statement by the Special Rapporteur on the right to adequate housing, during the I着急反义词
nteractive Dialogue at the Human Rights Council, Leilani propod veral negative effects of the financialization of housing of the collap of democratic governance and community accountability, the aggravation of social injustice and disjunction and the disconnection with the communities. Well to some extent the ideas may sound plausible. In recent years, in China, the housing prices are upsurging with the financial investment in the ctor. More and more young people are far behind the line of owning a hou. It is becau they are short of money as well as the annual increa in the housing price. In the global market, why does housing ctor unanimously become a tool of finance for governments to adjust the national economy?
值得一看的小说
Back in the day when the financial crisis broke out, the entire financial market was impacted. Seemingly it was the sub-prime Mortgage Crisis, but it was actually caud by the disorder of the financial regulations and the economic development. However, the Chine economy were barely influenced due to the strong leadership of the CPC with more controlling regulations on financial market. Now let’s come to the basic economic problems. There are three basic problems:what to produce and how much, how to produc
女性的声音e and for who to produce. This is about the question of for whom the market rves. Seen from the Crisis, the absolute freedom of the market was what disordered the capital circulation. Consortium actually mastered the national economy and the random hype of the excessive hous in the housing market led to the economic meltdown. While in the Chine market, the financial market is always aimed to rve the physical economy in the cas of banking, macro financial policies and the registration and market access. And for the economic balance, the application of the economic leverage by regulations and control when any negative economic signs appear.
If we take a look at the Hong Kong, we can be ware of the repercussions of the free functioning of the financial market. As one of the most advanced and the most denly populated cities in the world, there is a big social gap of the stratum. With the per GDP surpassing Switzerland, the per living space is less than 15 square meters. Even for some high class rich people who are living in heaven, the majority of the ordinary people buying a hou is a far-reaching dream. As is reported by the newspapers, living in a tiny cage is like a prisoner with no dignity as a human being. As a place where rent for land is
ridiculously high, real estate is the source of governmental revenue,The more the housing price is, the more the governmental income is. There exists no regulation of government force, which results in the monopoly of real estate, and the bubble economy. Even now in big cities in China like Beijing and Shenzhen, hou price is high enough for young people to stay away. But the government tries to take measures to keep the tempo of the rising space and policies to encourage young people to buy hou while still with a decent life as a human being and does make some progress. Therefore, the proper governmental force is esntial in the functioning of the financial market.
