Abstract:
An interpretation of attributive reasons for the recent soar of housing price in our country in terms of theory of public choice reveals not a single but multiple elements involved in the soaring price in estate market. These involve both dysfunction of government in political market and deliberate drive of special interest groups. As a rule, a proper regulation and control of the high housing price should depend on reforming the system of finance and economy, speeding up the construction of guarantee housing and reestablishing the assessing targets of local official achievements. Moreover, an effective monetary policy should be worked out and with the help of starting collecting property tax, the supervision and management of interest groups of estate should be strengthened. Considering a series of current problems to be dealt with in collecting property tax in our country, this tax should be selectively collected step by step.
