最新一轮房价飙升又引得舆论鼎沸,但挨骂的总是开发商,其实从长期来看,银行的低利率对造成房价居高不下有重大责任。无论从房产的投资和消费的机会成本看,还是从房市有效需求看,不仅房价水平,而且房价的变动,都和利率息息相关。利率水平决定房价水平,利率变动决定房价走势。房 The latest round of soaring housing prices has also led to public opinion, but always scolded the developers, in fact, in the long run, the bank’s low interest rates have caused a high price of housing has a major responsibility. In terms of the opportunity cost of investment and consumption of real estate, or from the effective demand of the housing market, not only the level of housing prices, but also the changes of housing prices are closely linked with the interest rates. The level of interest rates determine the price level, interest rate changes determine the price movements. room