How serious is the housing bubble in China, Zhihu?

If the degree of real estate bubble is 0%- 100%, then the real estate bubble in China has basically reached 80%-90%.

The real estate bubble mainly refers to "relatively high housing prices and relatively high vacancy rate". Housing prices are too high to be supported by the market and individuals, and vacant houses are not supported by the economy and society. In fact, it is not that the house price is relatively high, but it is too high, far exceeding its value and the purchasing power of ordinary people. Characteristics of real estate bubble:

1, the real estate bubble is a form of real estate price fluctuation.

2. The real estate bubble refers to the fluctuation of real estate prices, which is very large.

3. The fluctuation of real estate price is not continuous, and there is no stable cycle and frequency.

4. The real estate bubble is mainly speculation, which is caused by the sharp increase of money supply in the short and medium term of the real estate economic system.

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