Study On Housing Affordability Of Urban Residents In China

Recent years, hous ing price rapidly keeps ris ing, greatly weakening themiddle and low income class’s housing affordability. As a consequence, series ofeconomy and society problems come into being. Therefore, to construct moreoptima l urban hous ing s upply s ystem a nd solve ho using difficulty demand forfurther study on urban residents’ housing affordability.This paper researches on China’s urban residents’ housing affordability. Theanalysis structure consists of three main parts: housing affordability’smeasure ment, analysis of housing affordability’s affecting factors and analysis ofhousing affordability’s enhancing policy methods.First, this paper defines the concept of housing affordability, and makes acomprehensive analysis of housing affordability’s measurement tools, and then,this paper makes an emp irical research on China’s urban residents’ housingaffordability from three aspects, that is, historica l change, regio nal differenceand income difference.Second, this paper utilizes31provinces’ pool data and constructs quantitativeanalysis model to do research on China’s urban residents’ housingaffordability’s affecting factors from six aspects as follows: housing cost,economy situatio n, state’s credit policy, family wealth accumulation, state’shous ing security policy and family’s consumption structure.Third, this paper utilizes comparative ana lys is method to disc uss developedcountry and region(Germany, Hong Kong, Singapore, Japan and U.S.) hous ingaffordability’s enhancing policy. Then, this paper summarizes the developedcountry and regio n’s hous ing policy’s advanced experience.Last, based on the outcome of empirica l research, this paper points out thatthe non-matching urban housing supply and demand is one of the mostsignificant restrict factor to China’s urban residents’ housing affordability’senhance ment. And then, this paper makes such policy advice as five-le velsChina’s urban residents’ classification, five-levels urban housing’s supply. Then,this paper po ints out that five-le vel urban residents and five-leve l urban hous ing supply s hould be dyna mically matched, and urban housing’s filtering mechanismis supposed to be further optimized.