Ren Zhiqiang: Buy a House Now or Wait Another 30 Years

China's Real Estate Cheerleader is back.

任志强催购房者赶紧买房 2014不买房就需再等30年 (Ren Zhiqiang Urges People to Hurriedly Buy a House; If You Don't Buy in 2014 You Will Wait Another 30 Years)

At the time of Mao Daqing speaking event triggered the discussion of the collapse of the property market, Ren refuted the property market pessimism: China has no real estate bubble.

"U.S. house prices to household income ratio of only 4.3, is this a bubble? But why would the bubble burst? Tax policy favored housing, this caused high prices; this is the opposite in China. In the U.S., low income families were given cheaper loans and lower credit standards; this is precisely the opposite in China. Third is education; fourth is housing is not included in the CPI; fifth is limited supply. It is impossible to find evidence for a Chinese housing bubble.

This is perhaps the China is just the opposite two lower lending to low-income families with a standard loan;, which is also contrary with China Education and Third, Fourth, prices are not included in CPI, five are unable to find arguments to limit the supply China bubble more. "May 6, Ren published microblogging said so.

Prior to this, Ren had a similar view, in his opinion, the growth rate of real estate sales decline this year, but not terrible, in the context of advancing urbanization, the real estate market does not change the overall situation. Other media reported that at a recent seminar, any artillery also issued a shocking remark that if people don't buy in 2014., they will need to wait 30 years to buy.