Research On Implementation Of Urban Housing Reverse Mortgage Model In China

Ageing is an important social problem in recent years, which arouse the concern ofcountries around the world. Compared to developed countries, China’s aging situation is evenmore severe: this, on one hand, because of the Long-standing family planning policy whichhave changing the process of population structure of our nation; the other hand, China’s currentsocial security system is still imperfect, the overall level of protection is unable to meet thegrowing needs of the elderly. Therefore, while accelerating the improvement of China’s socialsecurity system, how to effectively learn from advanced foreign pension mode and practicablyimprove the quality of life for China’s elderly population has its important significance.Housing reverse mortgages, as a kind of long-operated mature financial pension model indeveloped countries, its feasibility and implementation details is worthy of further study inChina.In this paper, I carried out a detailed introduction to the meaning, operating mechanismand types of reverse mortgages on housing, which in reference to the U.S. experience, and alsoa comparative study of the four housing reverse mortgage practices in our country. on the basisof the summarized experiences and lessons of the housing reverse mortgage, I gave a furtheranalysis of the conditions, hindering factors and risk areas for China’s implementation of thehousing reverse mortgages. And on this basis, I put forward my specific measures.