Boosting housing prices is equal to robbery, says guangzhou mayor. Housing prices are against the law of economy.
There is much space for lowering the prices for houses, the mayor adds.
High housing prices will sicken the economy in a place, says nanjing mayor during a city summit in yangtse delta. There is much to be desired for the lowering of the prices in housing. The present high prices will harm economy greatly. It will inflence the potentials for developing economy, hurt people's confidence, damage middle-income group's economical structure and enlarge the gap between the rich and the poor. Overall, it will weaken the competitiveness of a region, esp. A city. Healthy economy should reduce gini index and boost the purchasing power of the ordinary people for the rich have already purchased what they want and will not buy more in the near future
I have to say, officials never care of the living condition of residents. They just care of political achievement and their gray incoming as well. Obviously, high housing price fit their both demand.