• In the viewpoint of free economic theory, the housing market itself has an invisible hand to realize the check and balance of its demand and supply in major cities. The government will only make things worse if it tries to interfere with the market’s natural mechanism. China has long been issuing various policies on its housing market in an effort to curb the skyrocketing housing price over the last decade, only to be met with increasing frustration, making more people not able to afford their permanent residences in big cities.
• For the demanders of urban housing, they should understand what the fierce competition in every major city would result in—the winners take the lion’s share in every possible way. Rich people are not worried about the housing shortage. Instead, they often have more than one property and make the most of them by buying in and selling out. Those who do not have money to burn may consider another way out and look somewhere else beyond the metropolis. In this way the government can stop acting as the babysitter and let its children make their own choices.…