显然,今天城市的住房市场已经是一个投资品市场。在商品市场里,供需关系与价格是相互决定的,价格上涨,需求就会减少,价格下跌,需求就会增加;而在投资品市场里,收益和风险是定价的根本,在有收益的预期里,价格就会上涨,只有当风险到来时,价格才会下跌。进一步分析,我们真正难以区分的是,购房者究竟是投资者还是投机者。 Obviously, the housing market in the city today is already an investment goods market. In the commodity market, the relationship between supply and demand and the price are mutually determined. When the price goes up, the demand will be reduced and the price will fall, so the demand will increase. In the investment goods market, the return and the risk are the basis for pricing. In the expectation of profit The price will go up and the price will fall only when the risk comes. Further analysis, we really can not distinguish is whether buyers are investors or speculators.