Analysis On Rational Bubble And Irrational Bubble In Real Estate

Current real estate industry is in a stage of rapid development, with significant growth in the national economy and improving people's living conditions, a variety of real estate problems have gradually emerged, mainly real estate prices rose too fast, thus triggering the real estate bubble debate. As the real estate industry association with a stronger degree, affect the broad, covering all sectors of the national economy, about people's immediate interests and financial security, can affect the operation of the whole economic system. If the real estate bubble, which may affect the healthy development of the national economy, the degree is too large bubble bubble to trigger an economic crisis. Therefore, the real estate market bubble theories, both from theory and from a practical point of view, has far-reaching significance.This paper summarizes the theory of international real estate bubble, real estate market situation in our country, choose the expectations, speculation, irrational behavior and other factors, whether the real estate market bubble and mechanism analysis, and then through the empirical analysis to explain the causes of the real estate bubble. In this study, based on the real estate bubble caused by various factors and summarized, explained the real estate market bubble and the rational model of irrational bubbles, rational bubbles Analysis of the real estate bubble and non-rational meaning. Finally, how the real estate bubble the government effective control, given the specific strategies and measures.