In the middle of it, many historical nodes seem to be inconspicuous, but throughout the past and the present, it is these nodes that run through the history of today.

Editor’s note: This article is from WeChat public account Current observation (ID: xiaoershuyouhui) , the author Yang is now.

Looking at China’s housing history in the 70 years since the founding of the People’s Republic of China, we have seen four magnificent chapters. With a population of 9.6 million square kilometers and a population of 1.4 billion, it solves the housing problem perfectly without the systemic risk under the extremely fast urban tide.

As a domestic industry, the industry with the deepest development, the most complete industrial chain and the largest volume, China’s real estate market is a miracle, a myth.

. You will see this article.

1. A brief history of housing in 70 years

2. Chinese housing myths

3. The way forward

A brief history of 70 years of housing

The 70-year history of housing in New China can be roughly divided into several stages:

Phase 1

1949-1978

These 30 years are the period of construction and formation of the public housing system under the leadership of the state.

The core feature is the full disintegration of the private housing system.

In the early days of the founding of the People’s Republic of China, more than 50% of the housing ownership rate fell to less than 10% before the reform and opening up in 1978. The state publicized private properties in stages through takeover, joint venture, confiscation, and transformation.

At the same time, almost all incremental housing investment is led by the state and the unit.

Because the private market is stagnant, the country is under-invested, the urban population is growing at an unprecedented rate, and the housing shortage is worsening. The per capita housing area of ​​the city has dropped from 4.5 square meters in 1949 to 3.9 square meters in 1978.

At that time, the serious “house shortage” invaded almost all cities. In a basic situation, the bigger the city, the more serious the housing problem.

In Beijing, Shanghai, Tianjin and other cities, housings with a per capita living area of ​​less than 2 square meters are “extraordinary households”. The phenomenon of three generations and four generations of the same family and parents and children living in bed are commonplace.

Severe shortages will inevitably lead to more serious problems of unfair distribution. In the case of complete failure of the price standard, the standard of distribution will eventually become the administrative reference, the length of service, and the number of family members as the main reference. And social tribute