International Real Estate Review | Zendy

Anthony Yanxiang Gu | Zendy; Joseph W. Trefzger | Zendy

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International Real Estate Review

Author(s) -

Anthony Yanxiang Gu,

Joseph W. Trefzger

Publication year - 2003

Publication title -

journal of the asian real estate society

Language(s) - English

Resource type - Journals

ISSN - 1029-6131

DOI - 10.53383/100049

Subject(s) - business , government (linguistics) , real estate , payment , finance , balance (ability) , language change , affordable housing , china , balance of payments , economics , economic growth , monetary economics , medicine , art , philosophy , linguistics , literature , political science , law , physical medicine and rehabilitation

We propose a program that would further promote housing privatization in China. In addition to operating its current Housing Savings Fund program, the government could guarantee loans, with payments capped at affordable levels or spread out over workable payment periods. Such a program would balance efficiency with fairness by encouraging market forces, while addressing practical necessities (lenders?rights, corruption, labor mobility) so that privatization could relieve the burden on government and taxpayers. Net benefits would arise through the private market’s greater efficiency in managing housing resources.

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