Some people say that this is largely related to the change of Korean concept. Many Koreans believe that now that the housing is saturated and the real estate bubble is gradually bursting, there is no need to borrow money to be a house slave and reduce their quality of life, so they are more willing to use the money originally used to buy a house to make their lives more colorful. However, everything must look at the essence through the phenomenon. The fundamental reason for the cooling of South Korea's real estate fever lies in the restrictive policies formulated by the government to control the real estate fever.
First of all, South Korea did not rely entirely on the "invisible hand" of the market to adjust, but made clear the role and responsibility of the "visible hand" of the government in controlling the real estate fever. After the responsibility was clear, the Korean government intervened in the market, introduced policies to regulate housing and actively participated in housing construction. Especially for the housing problem of the huge low-income class, the Korean government has adopted the policy of direct investment in construction, which has largely guaranteed the solution of the problem.
Secondly, the Korean government also pays attention to the role of the law and ensures that the real estate fever is effectively controlled by improving the law. Through unremitting efforts, a legal system of housing security in Korea, with the Housing Construction Promotion Law as the core, including the Law on Stabilizing Laborers' Houses and Raising Housing Funds, the Local Tax Law, the Korea Housing Bank Law, and the Korea Housing Company Law, was finally formed, which provided a legal basis for the establishment of the housing security system in Korea and achieved remarkable results.
In fact, the most basic measure to alleviate the Korean real estate fever is "public rental housing". "Public rental housing" is partly funded by the government and partly supported by the National Housing Fund. It has not only non-profit housing specially designed and built for urban poor residents, but also low-profit housing for low-and middle-income people. A large number of public rental housing has effectively alleviated the contradiction between housing supply and demand, guaranteed the housing demand of residents to the greatest extent, and curbed the real estate fever.
Thus, learning from the Korean experience, it is undoubtedly a top priority to change consumers' ideas in order to cool down the inflated real estate fever when various constructions are in full swing in China. (Yang Fei)