Rebirth of Minister Qi

Chapter 941: Housing for Living, Not for Speculation

After listening to Qi Tongwei's explanation, Ye Biao couldn't help but recall his experiences over the past few years. After becoming the district party secretary, countless people came to him for cooperation in real estate. If it weren't for Qi Tongwei's reputation, he really wouldn't be able to resist these people.

"Then what should I do?"

Ye Biao knew that Qi Tongwei was an expert in the economic field and must have a complete set of plans. It would be better to use his plan directly and gain his trust. To get to this position, Gao Yuliang's influence was secondary, and Qi Tongwei's promotion was the most important. The priorities had to be clearly distinguished.

Qi Tongwei snapped his fingers in the direction of Xiao Liang behind him, and Xiao Liang immediately trotted up and took out the prepared folder from his bag.

“Go back and study it yourself, and modify the plan according to local conditions and the times. After all, this is based on my impressions of working in Jiangzhou a few years ago.

There will definitely be some shortcomings. Find a think tank team to improve it and submit it to the municipal party committee and government. They have already agreed. "

Qi Tongwei knew very well that without the cooperation of the heavyweights in the municipal party committee, these real estate speculators would not have been able to proceed so smoothly. Taking advantage of the fact that the leaders above were all in Jiangzhou, he forced the top leaders of Jiangzhou to make statements on the spot.

Only after setting the tone can Qi Tongwei's policies be implemented.

After the inspection, Ye Biao took the documents given by Qi Tongwei and called several of his trusted aides to formulate a strategy.

"My position may change in the future, and I will be transferred to work in the municipal government. The position of our district party secretary will most likely be taken over by the district mayor.

The new district mayor should be Lu Qiang, the district party secretary of Liuhe District.

I plan to transfer the two of you to the city government, and the rest of you will actively cooperate with the new district chief."

After hearing the news, several of Ye Biao's confidants in the district party committee looked at each other but did not speak. Recently, a large number of leaders came to inspect, including the big boss who once called the shots in Jiangzhou City. That big boss was the one who brought Secretary Ye up.

This result is not surprising.

"Well, let's study this strategy. It will be my first move after becoming the executive vice mayor."

There are several words written on it.

"How to effectively curb speculative housing speculation in Jiangzhou's real estate market."

Ye Biao continued to explain.

"We must combine actions from several dimensions to ensure that no loopholes are left for speculative housing speculation. I drafted the document myself. If you have any questions or need to improve it, please raise them directly.

First, strengthen financial supervision and cut off the capital chain for real estate speculation.

It is very important to control the source of funds. The flow of operating loans and consumer loans from major banks into the real estate market needs to be strictly controlled. The means is to conduct audits and tracing, conduct penetrating supervision on banks, and require tracking of post-loan fund flows. Once it is discovered that the funds have been misappropriated in the real estate market, the loan will be immediately recovered and the borrower will be placed on the credit blacklist.

This measure should be able to effectively curb the behavior of following the trend of real estate speculators to take out loans for real estate speculation. In the past, there were many examples of business loans being borrowed but not used for business operations, but instead used to pay down payments for buildings.

There are also some financial institutions, loan assistance platforms and micro-loan companies that will actively help real estate speculators to obtain financing for their own interests. We must also strengthen supervision in this regard. Once discovered, we will immediately impose heavy penalties and have our qualifications revoked.

In addition, the China Banking Regulatory Commission should also issue relevant regulations, requiring banks to strictly implement the upper limit on the proportion of mortgage loans and cooperate with our actions.

Second, upgrade transaction controls and increase speculation costs.

This is mainly our job. After I take office, I will quickly introduce measures to extend the sales and purchase restrictions.

The policy of giving priority to purchasing new homes will be extended to seven years, and the scope of sales restrictions will be expanded to cover second-hand homes in all hot areas of our city.

There are many ridiculous things happening on the Internet such as sons and daughters-in-law getting divorced, getting married, and even daughters-in-law getting married to fathers-in-law. The essence of the matter is to save the cost of real estate transactions.

Plugging this gap is also an important measure for us. By plugging the loophole of fake divorce, the home purchasing qualification cannot be changed within three years after divorce.

Then there is the adjustment of transaction taxes and fees. Lao Jiang, you are an expert on this, so please come and talk about it.”

The cadre whose name Ye Biao mentioned immediately began to speak. He was an expert in this field and had a strategy almost the moment he saw the document.

"Secretary Ye, leaders.

First of all, our main idea is to live in the house and not speculate on it.”

As soon as these words came out, Ye Biao felt that they touched his heart. He nodded with satisfaction and motioned him to continue. After the meeting, he asked the secretary to add the words "Houses are for living, not for speculation" to the title as the main idea.

“I suggest that the VAT exemption period be extended from five years to seven years, and that a 20% personal income tax be levied on non-ordinary residential transactions to further increase the cost of short-term arbitrage.

For households that own multiple homes, a progressive annual holding tax will be levied based on the assessed value.

The last sentence caused Ye Biao to think deeply. The reason was very simple: they had a vested interest. Qi Tongwei's family had a lot of houses under their name, and their life over the years had really been dependent on the wealth brought by the appreciation of the properties.

Ye Biao has known Qi Tongwei for more than 20 years, so he naturally benefited from this wave of dividends. The appreciation of his house gave him the confidence to not charge others money.

“Let’s put the issue of levying a progressive annual holding tax aside for later study. Let’s first discuss short-term arbitrage and real estate speculation.

Lao Wan, please tell me what the real estate center should do."

The cadre whose name was called took the microphone. Lao Jiang, who had just turned off the microphone, blamed himself for being too hasty. In fact, the issue of property tax was talked about as early as the 1990s, but it has not been implemented until now. There must be a reason for this.

The reason is very simple: there are interests involved. Even honest officials like Qi Tongwei and Ye Biao rely on the profits from the appreciation of real estate to maintain their integrity. There are countless officials, businessmen and even ordinary people from top to bottom who are stakeholders.

“I have a few suggestions.

The first is to increase supervision of developers and intermediary sales. Specifically:

It is mandatory to sell at a single price, and it is prohibited to bundle parking spaces, charge tea and water fees, transaction fees, etc. in disguised form to increase prices, charge extra fees, and conduct false lotteries. The penalties include suspending online signing of projects and reducing the qualification level of real estate developers.

The punishment must be so severe that they will feel the pain personally, so that they dare not resort to trickery.

A system for verifying property listings will be established. Many real estate agents commonly list fake properties, seriously disrupting market order. Real estate agents that speculate on school district properties, price increase expectations, and engage in false advertising on various platforms will have their registrations revoked.

Then our real estate registration system needs to be connected to the China Banking and Insurance Regulatory Commission and the tax department in real time to monitor the transaction dynamics of multiple property holders in real time and initiate inspections on abnormal concentrated housing purchases.

These are the measures our department can think of for now.”