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Yiwu falling house prices is only a legend

Source: Yiwu sourcing agent    Author: Gary      Date: 2010-07-14

Moderator: The discussion around Yiwu price, I would like to first give guests a real-life model of the self-occupied house buyers story:

    Dong Xian Liu (not his real name) is a country in Quzhou City, 2005, his first love to his girlfriend the same city with the development, carrying bags, came to Yiwu. Initially, he defined a road in the marketing planning company. And most of the workers who come to Yiwu, he low-income, rental housing is old.

    However, Dong Xian Liu and good at learning, the mind active, after a few quit, has become the company's vice president of a marketing plan. In the process, he also opened a store selling doors, business was good. While continuously to improve, but the origin of rural, family property is not thick Dong Xian Liu has not buy a house. For this reason, there ups and downs of his love life, and love his girlfriend parted.

    Two years ago, his latest, a girlfriend, the two get along very good. Although there is no place had the wedding banquet, registered at, but both sides have the intention to life together. Chinese New Year Eve, they went to the home of Dong Xian Liu. Dong Xian Liu's parents home to see his son with a girlfriend, very happy. We sit around eating, but chatted about the embarrassment of a lover to this topic --- buy a house.

    Parents had hoped that his son and future daughter-in-law a good point, we must allow They bought a house in Yiwu. My father said, not enough money, he can stick a little. Dong Xian Liu mind can understand the prices and the country immeasurably Yiwu, motionless square meter is 10,000 yuan, that money even if the parents are sent to him, and he could only afford the down payment, loan repayment for a long time.

    However, looking around the attention of his girlfriend and family concerns, Dong Xian Liu decided to first go to see availability. "Find the house of a total 800,000 yuan, 300,000 yuan or so down payment, loans, loan-to-one for 30 years, should not be a problem." He though.

    Back to Yiwu, he began around critically. Bauhinia Apartments, 10000 Washington, he wanted to be considered commercial, but considering the location issue, and ultimately no reservations. Later, he visit a lot of intermediaries, and found a 66 square meters of small apartment houses with a total of about 800,000 yuan.

    When he determined to buy a house when he was reminded that the May Fair in Yiwu market to live, to focus on the time availability is estimated that there will be more cost effective house. Thus, Dong Xian Liu chose to wait. Who knows, even before May, the state began to control the real estate market with heavy blows.

    I believe house prices could fall as he chose to wait. However, one more to the present, found that Dong Xian Liu, Yiwu how prices have not dropped, but also some residential housing prices up. How to do, is shot now or continue to wait?

    Dong Xian Liu chose to continue and so, when a senior's property market "wait and see family." He also established a set of mind to wait for the "economics": economics, said, referring to the rigid requirements of supply and demand in commodity prices less affected by the demand. Well, most of them from rural to urban workers who do not belong to rigid demand, on the one hand they are influenced by the prices, on the other hand, they have a house --- in rural areas. A room means a home, home and heart have to rely on. So these people are elastic demand. Since it is elastic demand, so why not continue to wait and see?



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