Judging the rising and falling trend of China's real estate prices from Zhang Henshui's "paper drunk"

Zhang Henshui is one of my favorite writers in the Republic of China, including Lao She, Qian Zhongshu and Shen Congwen Their works have the personality charm and spirit of just intellectuals As we all know, Zhang Henshui is famous for writing romance novels and is a good storyteller But "paper intoxicated with gold" is an exception It is a relatively serious literary work It tells about the life of Chongqing, the rear area during the Anti Japanese War, which involves a lot of financial knowledge In "the paper drunk and the gold fan", one of the things that runs through the whole story is the "gold coupon", which is a financial product issued by the official finance It can be used to exchange physical gold when it expires Due to the rapid devaluation of the currency in the rear area including Chongqing at that time, gold bonds quickly became people's investment preservation products Driven by official media and gossip, the market value of gold bonds has risen substantially, and always gives people the expectation of rising in the future So, up to the rich, down to the ordinary staff and lower servants, they all buy gold coupons in various ways There is a way to buy directly from the government, but the number is limited, and others can only get the ticket with the added price by changing hands Like today's real estate, you can make money or even get rich by reselling this coupon without working At that time, the whole Chongqing people were obsessed with this On the streets, people often talked about gold coupons Speaking of this, do you see that the gold coupon is similar to the real estate today? Under the control of the national government, the issue volume and price of gold bonds quickly recovered the idle funds in the market, which greatly eased the inflationary pressure But like anything, there's nothing that goes up or down With the end of the Anti Japanese War, the fate of gold bonds also turned In the end, those who dream of getting rich overnight, especially those who buy gold bonds through high leverage loans, lose the most China's real estate market has developed to this day, so as to complete the mission of helping the government to put in money and stimulate economic development It's time to return to its residential nature Compared with the Western pure market economy, China still has a gap, so it is doomed not to adopt the way of repairing the overheated economy through hyperinflation For the sake of social stability, the only possibility is deflation Although it is not easy for everyone, it can always make ordinary people eat Looking back on history, we will always find that many things are surprisingly similar, because we are ultimately human and have human characteristics Even if the material civilization is highly developed, the animal nature of human beings will not change.