房地产

Small house property" is a serious imbalance between housing supply and demand situation that comes from the small property "exist common features: the banner name of building new countryside, engage in real estate development and land use rights was not denatured, both collective land use rights , same sales methods, payment methods have limitations, mostly concentrated in the urban fringe "Small house property" the formation of factors: market demand, China's dual system of land tenure systems, inadequate government supervision, the problems posed informal property rights: legal risk, policy risk, transaction risk.

小产权房&是房地产供求关系严重失衡情况下自生出来的，小产权&存在的共性特征：打着新农村建设的旗号、搞房地产开发土地使用权没有变性，均为集体土地使用权、销售方式如出一辙、付款方式有局限、多集中在城乡结合部&小产权房&形成的原因有：市场需求、我国二元制的土地所有权制度、政府监管力度不力，小产权房带来的问题：法律风险、政策风险、交易风险。

On the basis of analyzing the traditional real estate investment benefit appraisement method, this paper introduces the risk variation coefficient and systematic risk degree in investment, and revises the calculation formulae of base earnings ratio and net present value, then, brings forward real estate inves.

本文在对传统的房地产投资效益评价方法分析的基础上，引入了风险变异系数和投资的系统风险度，修正了基准收益率及净现值的计算公式，提出了考虑风险因素的房地产投资效益评价方法。

Under the IMF over the past 30-40 years in 21 industrialized countries of the housing market and the stock market boom and decline study, housing price bubble burst more than the damage caused by the stock market bubble, to a large double, because the real estate industry funds to banks have serious dependence, both the real estate bubble burst would result in tremendous blow to the consumer, but also easily lead to the collapse of the banking system capital chain and trigger a serious financial crisis.

根据国际货币基金组织在过去30-40年的21个工业化国家的住房市场和股市研究的繁荣和衰退，房屋价格泡沫破灭超过所造成的损害股市泡沫，在很大程度上增加一倍，因为房地产行业的资金都严重依赖银行，无论是房地产泡沫破灭将造成巨大打击消费者，而且还容易导致崩溃的银行系统的资本链，并引发严重的财政危机。

Said: First of all, real estate "bubble of overheating" problems, mainly for the market demand, housing prices rose rapidly, resulting in a bubble, the more wind the greater the hands of vacant Housing developers increasingly less, while the speculators in the hands of more and more room space clearance, and ultimately may be due to the purchasing power of society can not support high prices, and the emergence of parabolic floor, the real estate market right away from the supply to exceed demand, leading to bubble burst and collapse.

顾云昌说：首先，房地产&泡沫经济过热&的问题，主要是市场需求，住房价格上涨迅速，导致了泡沫，更风更大手中的空置房屋开发商越来越多少，而投机者的手中，越来越多的房间空间清除，并最终可能是由于社会购买力无法支持较高的价格，并出现抛楼，房地产市场马上从供应超过需求，导致泡沫破裂和崩溃。

Financing at different stages of financial institutions must ensure the safety of their investments to recover, it is necessary to keep the lower reaches of the refinancing; developers to ensure that the project development, construction and pre-sales of capital adequacy, it must maintain its credibility, then is necessary to guarantee the high quality of the project itself; the public real estate funds and bonds to buy, they must ensure that their investment is not devalued, it will strengthen the developer community supervision, and select the item truly trustworthy, finally, to left behind are the essence of the benefit the consumer; At the same time, real estate financing, construction, sales of the various sectors of society as a whole will also be placed under the line of sight, an increase of transparency and credibility.

在不同阶段融资的金融机构必须确保安全的投资收回，有必要保持下游的再融资；开发，以确保该项目的开发，建设和预售的资本充足率，它必须保持其信誉，则是必要的，以保证高质量的项目本身；公共房地产基金和债券的购买，但他们必须确保他们的投资不贬值，这将加强发展社区监督，并选择了这个项目真正值得信赖的，最后，留下的是精华，造福消费者；与此同时，房地产融资，建设，销售的各个部门的社会作为一个整体也将置于视线，增加了透明度和信誉。

"Caine rock incident" occurred, the Beijing real estate intermediary industry associations had requested Member unit discipline and accept community supervision, and inspection. 2004 winter, and their Secretariat to prepare a "real estate intermediary Beijing self-discipline rules," hoping to increase the credibility of intermediary industry, promote the healthy development of the industry.

&坚石事件&发生后，北京市房地产中介行业协会曾要求会员单位自律并接受社会的监督、检查。2004年冬天，他们的秘书处起草了一份《北京市房地产中介行业自律规则》，希望能借此提高中介行业的公信力，促进行业健康发展。

But real estate, building materials, electricity is still one day before the continuation of the rising trend, in which the real estate section or 3 percent, building materials rose 4 percent plate.

但是，房地产，建材，电力仍然是前上升趋势，其中房地产节或3个百分点，建筑材料上涨百分之四板延续一天。

Even so, even though the "real estate corporation" of such an act is legal, market conditions can be assumed, then also need to ask that they come from speculation in real estate funds, are entirely their own, or from bank loan?

即使如此，即使&房地产公司&的这种行为是合法的，市场条件可以假设，然后还需要问，他们来自投机房地产的资金，完全是他们自己，或从银行贷款？

This year, Shanghai's housing prices will enter a range of reasonable growth, the municipal government introduced a number of policies to curb overheated property market.

今年，上海的房地产价格将进入一个合理的增长范围内，市政府推出了一系列政策，以抑制过热的房地产市场。

This can supply the source of funds from consumers to curb the overheated real estate market, and does not cause contraction of the overall market.

这样既可以从消费者的资金供给源头上抑制房地产市场的过热，又不至于造成房地产市场的全面收缩。

According to the clear water experiment, aeration performance of the new equipment is good with high total oxygen transfer coefficient and oxygen utilization ratio.

曝气设备的动力效率在叶轮转速为120rpm～150rpm时取得最大值，此时氧利用率和充氧能力也具有较高值。

The environmental stability of that world - including its crushing pressures and icy darkness - means that some of its most famous inhabitants have survived for eons as evolutionary throwbacks, their bodies undergoing little change.

稳定的海底环境─包括能把人压扁的压力和冰冷的黑暗─意谓海底某些最知名的栖居生物已以演化返祖的样态活了万世，形体几无变化。