经济学家温铁军曾一针见血地指出："买房的人，并不一定是住房子的人。" 这句话道出了中国房地产市场的一个关键现实，也解释了为何在房屋存量已经 严重过剩的情况下，开发商仍然热衷于大规模建设新房。 其次，地方政府鼓励开发商拿地建房，土地财政依赖是重要推手。 许多地方政府高度依赖土地财政收入。 若开发商停止拿地建房，土地出让金收入将大幅 减少，进而影响地方财政收入。 这将直接关系到公务员工资、基础设施建设等重要支出。 因此，各地政府通常会采取各种措施鼓励开发商积极拿地建房。 这不仅能够刺激当地GDP增长，还能解决大量就业问题。 在地方政府的推动下，即使存量房过剩，开发商也难以停下建设的脚步。 第三，投资需求旺盛，催生了炒房客群体。 近年来，银行存款利率持续走低，而生活成本却不断攀升。 在这种背景下，许多资金充裕的人将房产视为投资 增值的手段，他们买房并非为了自住或出租，而是将其作为一种投机筹码，等待房价上涨后再伺机出售。 这种投机行为使得房地产市场始终难以摆脱投资 属性。 要想让房地产市场回归居住属性，就必须通过征收房产税等手段，增加房屋持有成本，抑制投资需求。 征收房产税不仅能够缓解地方政府土地财政 收入减少的压力 ...

欢迎扫描下方二维码关注： 纳契税,不能退税重新缴纳享受优惠政策。例 如，《财政部 税务总局 住房城乡建设部关于促 进房地产市场平稳健康发展有关税收政策的公 告》（2024年第16号公告）自2024年12月1日 足执行，对于2024年12月1日前已缴纳契税 的，除特定情形外，原则上不予退税。但如果 符合法定的退税情形，则可以申请退税。 法定的契税可退税情形有哪些? 1.在依法办理土地、房屋权属登记前，权属 转移合同、权属转移合同性质凭证不生效、无 效、被撤销或者被解除的。例如，购房合同因 存在欺诈等原因被法院判定无效，此时已缴纳 的契税可申请退还。 2.因人民法院判决或者仲裁委员会裁决导致 土地、房屋权属转移行为无效、被撤销或者被 解除，且土地、房屋权属变更至原权利人的。 例如，法院判决房屋买卖合同无效，房屋权属 重新变更回原权利人，原权利人可申请退税。 3.在出让土地使用权交付时，因容积率调整 或实际交付面积小于合同约定面积需退还土地 出让价款的。 4.在新建商品房交付时，因实际交付面积小 于合同约定面积需返还房价款的。例如，合同 约定房屋面积为100平方米，实际交付面积为9 8平方米，开发商返还2平方米的房 ...

Did you buy a house but are now experiencing home buyer’s remorse? Or maybe you’re undergoing a major life change that’s making you consider selling your house sooner than you’d anticipated. While there are no federal laws requiring you to stay in a house for a certain amount of time, in rare cases, there may be local regulations that govern how soon you can sell after buying. Mortgage lenders also don’t have official rules about when you can sell, but you may face prepayment penalties or financial losses ...

Core Viewpoint - Country Garden Real Estate Group has recently faced a new equity freeze involving over 1.23 billion RMB, indicating ongoing financial challenges and legal issues [1][3]. Equity Freeze Details - The equity freeze pertains to Foshan Yuankang Real Estate Development Co., with a frozen amount of 1,232.45717 million RMB for a duration of three years, enforced by the Wuhu Intermediate People's Court in Anhui Province [1][3]. - Currently, Country Garden has a total of 127 equity freeze records, 62 records of being an executed party with a total amount of approximately 6.266 billion RMB, and historical records exceeding 8.684 billion RMB [7]. Company Background - Country Garden Real Estate was established in April 2015, with a registered capital of approximately 15.32 billion RMB, focusing on real estate development, sales, property leasing, and investment consulting [7]. - The company is co-owned by Foshan Shunde District Zhouhua Investment Consulting Co. and Shenzhen Country Garden Technology Development Co., with Yang Huiyan serving as the chairman [7]. Debt Restructuring Efforts - Recently, Country Garden's offshore debt restructuring plan was approved, aiming to reduce its debt scale by approximately 11.7 billion USD (around 84 billion RMB) and potentially recognize up to 70 billion RMB in restructuring gains [7]. - The company is also restructuring domestic bonds, with 8 bondholder meetings approving restructuring plans totaling approximately 13.41669 billion RMB [8]. Financial Performance - In the first half of the year, Country Garden reported revenues of approximately 72.57 billion RMB and a net loss of about 19.65 billion RMB, with total assets around 909.3 billion RMB, exceeding total liabilities [8]. - The company has delivered over 1.7 million homes in the past three years, with over 70,000 deliveries in the first half of this year, maintaining a leading position in third-party rankings [8].

Core Insights - The article discusses the favorable conditions in the real estate market, including relaxed purchase restrictions and historically low mortgage rates, prompting many first-time buyers to consider purchasing homes [1] Group 1: Preferred Floor Types - The first recommended floor type is the ground floor with a private garden, which offers convenience for families with elderly or children, lower prices, and an enhanced living experience due to outdoor space [3] - The second recommended type is the top floor with an attic, which provides additional usable space and better temperature regulation, mitigating common issues associated with top floors [4] - The third suggestion is the second-to-top floor, which combines the benefits of great views and ventilation while avoiding the potential issues of the top floor, offering a peaceful living environment [6] - The final recommendation is the middle floors, which are defined as being between one-third and two-thirds of the total building height, providing good views, reduced noise, and easier access in case of elevator failure [8]

Core Viewpoint - Lin Xiaoqing, born in 1996, has been re-elected as the Chairman of Chengdu Road and Bridge, marking her continued leadership in the company amid ongoing financial challenges [1][3]. Group 1: Company Leadership - The first meeting of the eighth board of directors of Chengdu Road and Bridge was held on November 3, where Lin Xiaoqing was elected as the chairman for a three-year term [3]. - Lin Xiaoqing was previously appointed as chairman in May 2024 after the resignation of former chairman Wang Peili due to personal reasons [3]. - Lin Xiaoqing holds various positions, including being a member of the Political Consultative Conference and vice president of the Shenzhen Entrepreneurs Association [3][4]. Group 2: Company Performance - Chengdu Road and Bridge has faced significant financial difficulties, with a revenue decline of 30.53% in 2024, totaling 810 million yuan, which is only 30% of its 2019 revenue [4]. - The company reported its first loss in 2024, with a net loss of 92.17 million yuan, compared to a profit of 4.49 million yuan in the previous year [4]. - As of the third quarter of 2025, the company reported a slight revenue increase of 0.88% year-on-year, totaling 541 million yuan, but the net loss expanded by 36.96% to 28.36 million yuan [4]. Group 3: Stock Performance - Chengdu Road and Bridge's stock price has experienced significant volatility during Lin Xiaoqing's tenure, dropping below 2 yuan at one point and reaching a high of 8.60 yuan [4]. - As of November 5, the stock price was 4.67 yuan, reflecting a 3.78% increase, with a total market capitalization of 3.536 billion yuan [5].

Core Insights - Buying a house is considered one of the best investments, but it comes with tax implications [1] - Homeowners can utilize specific tax exclusions and adjustments to minimize capital gains taxes when selling their property [2][3] Tax Implications of Real Estate Investment - Profits from selling investments like stocks or bonds are subject to taxation, with different rates applied based on the holding period [2] - Homeowners can exclude up to $250,000 in profits from taxes if single, or $500,000 if married filing jointly, provided the property was their principal residence for two of the last five years [3][4] Adjusting Cost Basis - The tax basis of a home can include the initial purchase price, improvements, and related costs, which can help reduce taxable gains [5] - For example, if $50,000 in improvements and $5,000 in selling costs are accounted for, the taxable gain can be reduced significantly [6] Offsetting Gains with Losses - Capital losses from other investments, such as stocks, can be used to offset gains from the sale of a home, adhering to the rules of matching long-term and short-term gains and losses [7]

Core Insights - The article emphasizes the importance of location in real estate purchases, particularly for first-time homebuyers, highlighting four types of undesirable locations to avoid [1] Group 1: Types of Undesirable Locations - Avoid areas near electromagnetic pollution sources, such as TV towers and signal transmission towers, maintaining at least a 300-meter distance to protect health [3] - Steer clear of locations associated with "psychological pollution," such as cemeteries, which can negatively impact property value and residents' mental well-being [5] - Refrain from purchasing homes near sources of "olfactory pollution," like gas stations and chemical factories, as these can harm respiratory health and overall living experience [7] - Consider the impact of noise pollution from nearby infrastructure like highways and factories, which can disrupt sleep quality and mental health [7] Group 2: Decision-Making in Home Buying - The article advises that home buying is a complex decision requiring careful consideration of various factors, urging buyers to avoid impulsive decisions and to analyze their needs and circumstances rationally [7]

Core Insights - The article discusses the paradox of high vacancy rates in China's real estate market, particularly in first-tier cities like Beijing, Shanghai, Guangzhou, and Shenzhen, which have vacancy rates as high as 20.5%, and even higher in second- and third-tier cities at 25.0%. This raises questions about the reasons behind homeowners choosing to leave properties vacant rather than renting or selling them [1]. Group 1: Reasons for High Vacancy Rates - The disparity between investment and return is a significant factor. Many homeowners possess either unrenovated properties or those with outdated decor, leading to high renovation costs that deter them from renting out their homes [3]. - Concerns about property damage during rental periods contribute to the decision to keep homes vacant. Landlords worry about potential damage from tenants, such as pets causing wear and tear on furniture and flooring [4]. - Property value preservation is another reason. Some homeowners prefer to keep their properties vacant to avoid wear from tenants, aiming to sell at a higher price in the future rather than focusing on immediate rental income [6]. Group 2: Additional Considerations - Potential risks associated with renting out properties also play a role. Homeowners fear that tenants may engage in illegal activities, which could lead to legal complications for the landlord [7]. - Personal circumstances also affect vacancy rates. Some homeowners may have purchased properties for personal use but later find themselves unable to occupy them due to job relocations or other reasons, leading to long-term vacancies [9].

Core Viewpoint - The debate over whether there is an oversupply of housing in China continues, with significant existing residential stock that could accommodate around 6 billion people if each unit housed ten individuals, while at least 14 million new homes are built annually, indicating a substantial supply [1][3] Group 1: Reasons for Continued Construction by Developers - Developers are trapped in a debt crisis, compelling them to continue acquiring land and building new projects to maintain access to bank loans, as halting construction would jeopardize their financial viability [5][7] - Local governments rely heavily on land finance, which drives developers to continue land acquisition and construction to sustain local fiscal health and support public spending [7][9] - The presence of speculative investors, or "house flippers," who purchase properties not for residence or rental but as investment assets, keeps the market active despite the oversupply of housing [9][10] Group 2: Market Dynamics and Policy Implications - The current real estate market is largely speculative, necessitating effective measures to guide it back to a rational state focused on housing needs, such as the introduction of property taxes to increase holding costs [10] - Despite the apparent oversupply of existing housing, the continuous influx of new properties into the market raises questions about the underlying motivations of buyers, as highlighted by the economist's assertion that "those buying homes are not necessarily the ones living in them" [10]