Current government regulations stipulate that individuals with houses or apartments bought from or with their work units must wait five years before they can sell them. As for concerns about the ethics of making quick and substantial profits in the secondary market, Li said that people deserve to make a little cash after years of low wages. There is little low rent housing for individuals with low incomes . The Urban subway or commuting transportation system is underdeveloped . If people could commute from the suburbs to urban jobs, the suburban real estate market would expand.
Property taxes are too high .
Some areas have already addressed this problem. Homebuyers need entrepreneurial attitudes . Some young people in Shanghai have discovered they can finance their real estate purchases through mortgages and renting out the housing units to pay back the loans. After a few years, they have full ownership of the units without having spent anything. Residency restrictions must be dismantled .