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【Journal Name】 China Law【Title】 Analysis on Mission of Basic Housing Security Law
【Author】 Shen Weixing【Area of Law】 Real Right
【Year】 In 2011【Issue】 1
【ESummary】 89
【Full text】 2013/3/2 17:22:51
【Remark】 1510103500
【Reference】   
(Extract translation)

The basic housing security law has attracted wide concerns from various circles in the society since the word of its legislation came out and in particular, its drafting has been given extremely great mission under the current circumstances with high housing price. Whether its enactment can bring everyone affordable housing? The public have high expectations for it. However, it deserves law-makers' thinking about how can the basic housing security law shoulder such a heavy mission.

As housing mercerization is going deeper, the drafting of housing security law is of vital significance as it serves as a corrective mechanism in the market economy. With equal completion as the core value and efficiency as the value orientation, market economy is based upon the assumption that everyone is rational and let law of value play the fundamental role in resource allocation. However, as it develops deeper, we will discover that just like any other market mechanisms, it has two sides. In market economy, not everyone has the same competitiveness and when the housing marketization goes to extreme, the disadvantaged will live a harder life without the ability to enter the housing market. Nevertheless, it is the government's duty to guarantee that people's basic demand satisfied. As an important social policy, housing security system aims to correct the mechanism in housing marketization and capitalize government's role in the housing supply system so as to change the flaw of single housing supply channel. In this way, the demand of housing will be satisfied according to different group and their demand would be further separate reasonably. Otherwise, if the single supply channel remains with no separation to people's housing demand, all the people will rush into the housing market then despite government’s effort in control the market, the price will only be higher than before. The decision-makers should be fully aware of this issue which is also the original intension and starting-point of housing security legislation.

 
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