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Bizarre Logic for High House Prices in China
The Epoch Times ^ | 09/14/09 | Luo Xi & Jin Xi

Posted on 09/25/2009 6:07:24 AM PDT by TigerLikesRooster

Bizarre Logic for High House Prices in China

Critics say claim that mothers-in-law are responsible masks political reality

By Luo Xi & Jin Xi

Epoch Times Staff Sep 14, 2009


One of the cartoons circulating online making light of Gu Yunchang's remarks. The man says "Mother-in-law, this clothing is most suitable for you to wear!" The writing on the clothing says "Rising houseprice scapegoat." (NTDTV)

Chinese officials have been putting forward bizarre explanations for China’s rising real estate prices recently, with Secretary-General of the China Academy of Real Estate, Gu Yunchang, blaming the ever rising housing prices on mothers-in-law.

Gu said a mother-in-law will tend to pressure her son-in-law, regardless of his financial situation, into buying apartments—so as to benefit her daughter.

He made the remarks at the China Real Estate & Finance Annual Forum on Sept. 3. They were picked up and ridiculed widely by bloggers and online media. They were skeptical of the claims, given that mothers-in-law have always been around, whereas housing prices soared only recently.

Peculiar statements from real estate authorities didn’t end there, however.

Real Estate developer Feng Lun said that unmarried young women were the cause of the recent rise in housing prices. He then suggested limiting buyers to age 35 and above.

Professor Dong Fan from Beijing Normal University thinks that couples, living together out of wedlock, have stimulated apartment buying.

However, the actual causes of housing price inflation in China are embedded in the political system and are widely known, according to the Sing Tao Global Network.

(Excerpt) Read more at theepochtimes.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: china; housing; motherinlaw; price

1 posted on 09/25/2009 6:07:25 AM PDT by TigerLikesRooster
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To: TigerLikesRooster; maui_hawaii; Jeff Head; Tainan; hedgetrimmer; Unam Sanctam; taxesareforever; ...

Ping!


2 posted on 09/25/2009 6:08:13 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster

According to many FReepers, high cost of housing is a good thing.


3 posted on 09/25/2009 6:14:24 AM PDT by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: TigerLikesRooster

Heck, they’re communists. Lying is part of the game. Hmmmm, the Obamaloon lies, and his lies are rather mundane and stupid also.

Could it be that.......


4 posted on 09/25/2009 6:16:08 AM PDT by Da Coyote
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To: TigerLikesRooster

Isn’t the guy on the left a racist stereotype?


5 posted on 09/25/2009 6:42:36 AM PDT by SoCal Pubbie
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To: SoCal Pubbie
Such a complicated question I cannot answer.:-)
6 posted on 09/25/2009 6:46:29 AM PDT by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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