Aug 01, 2022
In Welcome to the Forum
Taiwan's economy has been kidnapped by real estate. I think the decline in Taiwan's population and real estate is definitely the main reason. The low birthrate and the inability to buy a house are mutually causal. Young people can't afford to raise children if they buy a house, and they can't afford a house if they have children. Both of these things seem to be difficult to solve now, so the low birthrate is an irreversible phenomenon. To solve the rising job email list housing prices, the first step is to deal with the unbelievably low tax base in Taiwan. If the tax base is too different from the actual transaction, it will be meaningless. The second is to increase the supply of state houses, so that the disadvantaged can have a place to live, and also allow the disadvantaged to be financially able to do other consumption. The third is that the government sets up another agency company to compete with private agency companies. Nowadays, there are many consortiums behind the intermediary companies. Xinyi Housing is backed by Cathay Pacific Group and Xinyi Group, and CITIC Housing is backed by CITIC Group. These intermediaries backed by consortia will only act for their own interests. The government can set up a state-run agency company to break the intermediary monopoly of real estate, and at the same time, it can grasp first-hand housing transaction information, and no longer need to rely on the agency supported by the consortium for information.