What is the gap between renting a house and buying a house in America?

Property tax in the United States is generally between 0.8% and 3%. This means that a $200,000 house has to pay a property tax of $2,000-$6,000 a year. Therefore, on the one hand, this will increase the investment cost, make the second-hand housing revitalization rate high, and reduce the number of rentable sources. On the other hand, how much property tax will be passed on from the owner to the tenant. In the case of less market supply, the proportion of renting houses in the United States is extremely high. Because Americans don&;t have to have a house of their own, unlike when they relocate. The culture of the American nation is a kind of migration culture. Therefore, many Americans rent a house to live. In addition, the reason for the high proportion of Americans renting houses is also the property tax. Property tax is a tax on the holding link, so there is a cost to holding the property. The property tax will be evaluated every year. For example, a house initially bought 200,000 yuan, and after five years it rose to 600,000 yuan. A 1% tax rate means that the property tax paid has increased from 2,000 yuan to 6,000 yuan. If the tax rate is 3%, it means that after 33 years, you will pay twice the price for this house. Therefore, the rental market has been in short supply. The rent is naturally high. As mentioned above, the reason for low housing prices is that property tax will revitalize the second-hand housing market and increase market supply. The housing market has always been oversupply, so natural housing prices will not go up. In contrast, the high housing prices, on the one hand, are uneven regional development. Real estate itself has a strong regional character. Average price of new residential buildings in cities (RMB/m2) 1 Shanghai 270342 Sanya 247723 Shenzhen 245254 Beijing 245185 Wenzhou 17376 Hangzhou 165677 Xiamen 147298 Guangzhou 143409 Fuzhou 1337510 Ningbo 12776 As can be seen from the above table, the average price of Shenzhen in the fourth place is nearly 7,000 yuan higher than that of Wenzhou in the fifth place. Wenzhou and Hangzhou also have factors controlled by real estate speculators. By the end of 2009, the permanent population of Beijing who lived for more than half a year was 17.55 million, and it is still increasing at the rate of nearly 600,000 per year. The official population of Zhuhai is just over 1.5 million, which means that the population absorbed by Beijing every three years is equivalent to the population of Zhuhai as a whole. In this case, the rigid demand of these big cities is unimaginable. Cities like Sanya, Zhuhai and Xiamen, which are small in themselves but have superior resources (seascape), often attract a large number of foreign customers to buy them. Many houses like Zhuhai seaside have reached 31,000 square meters. However, the housing prices in second-tier cities such as Chengdu, Chongqing, Changsha, Wuhan and Suzhou are significantly lower than those in major first-tier cities. For example, Wuhan, Chongqing and Chengdu are all over 7,000, while Changsha is only over 6,000. In addition, big cities such as Beijing, Guangzhou and Shenzhen are themselves a pie-spreading urban planning model, and the resource transition is concentrated in the city center. At the end of 2008, the population density of Beijing Urban Development Zone was only 648 people/km2, and the population densities of the functional core area of the capital and the urban expansion area were 28,494 people/km2 and 56.44 people/km2. This shows how unbalanced the population distribution is. So this makes the housing prices in the downtown areas of these areas ridiculously high. Like Guangzhou, although the average price is only 14,340, in fact, Tianhe, Yuexiu, Haizhu and other districts in the central area all exceed 30,000. In contrast, urban development in the United States is relatively balanced, and urban planning is mostly polycentric, which has an equal effect on housing prices. More importantly, it is in the stage of rapid urbanization. The annual investment in infrastructure is staggering. Where did the money come from? A: Land finance. The proportion of land finance revenue in most cities should reach more than 70%. Without land finance, urban infrastructure construction is impossible. And the cost of these constructions is ultimately paid by consumers. In addition to high-priced land, it also obtains a large amount of tax revenue from the sale of commercial housing. The business tax is 5.5%, and the land value-added tax of 30%-60%, corporate income tax of 25% and personal income tax of 20% shall not be deducted. In the end, take away about 75% of the income from housing sales. All these heavy taxes are finally paid by the people. The urban construction in the United States has basically taken shape. It&;s not like that. In addition, the property tax in the United States is a very important tax. There is no need to buy a lot of land to subsidize finance. In addition, some demolition teams have turned into professional nail houses such as nail houses and relatives of officials. These professional nail households have the background support, so they can ask for the price all over the sky, and some ask for the compensation of demolition as high as 60 million yuan. Also, it is the factor of real estate speculators. There is no tax on the holding link, and the real estate speculators can of course buy the whole building unscrupulously. There are other factors. Real estate is a capital-intensive industry. Therefore, developers try their best to raise funds. I have to borrow it when I have to. Therefore, house prices are like snowballing, and they are getting higher and higher, and developers, real estate speculators and engineering teams jointly divide the cake. And consumers are exploited to be lean. Above.


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