The place I live the entrance to the piece of land, empty for more than a year. Look is to cover of apartment buildings, but with the land after it stopped. My guess is that the valley the Lord, because the market is not so good, so developers decision delayed. In China, this is called the "land idle". I thought one problem. The United States, land in most cases are private. Since it is the private land,baseball hats land owners want to build a house, or land "idle", is the owner of freedom, the government or other people is not too much intervention. In fact, if want to built their house on their own land, or need government approved, but if you want to "idle" their land, who also no business. My question is, why in China developers the chariot, or let the land "idle", became a problem? Make the government and developers, a day to night doing cat and mouse game developers want to take a lot of-and then store; The government is chasing the developers, let them take the land shall build a house, not to cover withdraws. And in the United States, the idle land is a private decision, but didn't also heard who complain that developers "idle" land? Or how the U.S. housing market is not the real estate business to store up "indeed"? I want to several reasons (I exclude many I think not reasonable reason, but too lazy to write, to write directly I think possible reason) : 1. China's capital cost is too low. In this royal PinChu era, a penchant for developers to take billions of take a plot. A plot to take up so much money, developers still dare to the store, a direct explanation is capital cost is low. If the Chinese are now the real interest rate is 10%, the nominal interest rates is 13.5%, the holder of a 5 billion plots, every month of the interest cost is 55 million (even if is to use their own funds, the cost is the same), many developers estimates will consider whether you want to store the earth. But China's real interest rates are not 10%, but close to 0 (loan interest rate, the interest rates on deposits are slightly negative), and it is the cost of borrowing money is close to zero, so long as can get money, don't store white don't store. Someone will say, the United States now lower interest rate is. First of all, the United States real interest rates than China or high. Secondly, take an economic growth rate in 10% of the countries, and a haven't from recession than interest rates climb out of state, not bashful? 2. China's land supply lack of predictability. In China a lot of time, see a real estate business strength not abundant, not see money not to see the past developers, not see public praise, and is often look at the real estate business hand hold how much ground. Why rich is not really have the strength, and have to just calculate really have strength? Rich easy, have not easy. Why are there not easy? Because you may not take money to get. If you had money, can't get to do? Can get when they take, not development, also store. 3. Land prices shoot too low. B: yes, is too low, and not too high. Store things are and what the cheap to store and didn't heard, things you, people buy things store, unless will feel more expensive, which is now or cheap. Also can change a saying that the land appreciation potential is great, but the meaning is the same. As for why China's land appreciation potential big? You can give your own interpretation. Interest rates too low a statement,Discount sunglasses land supply is too tight a statement, money printing too much is a statement, urbanization, to steel, hype, choose your own it. Of course, house prices high, people can not accept is completely another topic. I think that China's things interesting, rich people to buy a house "empty", developers take "idle", then the government too busy to find the vacancy and idle house and land. Should think about, why vacancy and left unused, or I'm afraid always busy.

see more:Why did the Chinese lack of happiness?
"Strong and handsome pig" real "upstream" in where