Mortgage or lottery ticket!

Thus, about 38% of all households are tenants of the housing market, which in the “best case” should be paid the same number of mortgages annually.

However, according to periodic surveys in the housing sector, at least 40% of tenants are usually classified as “poor or low-income tenants”, so it is necessary to design and support any rental protection policy with “coverage of at least 40% of the tenant population”. Execute to have minimal impact power. That is, it was necessary for at least 3.8 million tenants in the country to have mortgage facilities this year. These facilities were to be paid in the amount of 70 million Tomans in Tehran, 40 million in the big cities and 25 million in other areas. A comparison of “rent payment statistics” with “population of tenants who are actually subject to rent” now indicates that one in 20 tenants succeeds in obtaining a mortgage. On the other hand, the amount that banks pay to tenants for “mortgage facilities” is, on average, equal to half the “full mortgage of a residential unit”. These two major shortcomings in tenant protection policy are due to the wrong policy rail.

First, in order to “non-pay rental housing facilities,” banks require all kinds of guarantees and office papers from tenants who are mostly service occupants and are unable to provide a “government guarantor.”

Second, the “credit required to pay the rental facilities to the minimum population covered by this loan” is needed, it is estimated at about 188 trillion tomans for the current year, which is approximately equal to half of the resources allocated for “government housing” this year. More importantly, if the policymaker agrees to implement the “tested global pathway to regulate the housing market” in the country, that astronomical credibility is intended for a policy that is not known to be effective or not, but is likely to be ineffective at this point. It can be fully spent on “effectively supporting low-income tenants in the face of unprecedented rent inflation.”

The global path to regulating the housing market is the path that China has finally taken recently – yesterday’s “World Economy” report in the newspaper’s headline “Chinese out of the norm?” – states that “without spending money, governments can, by paying annual taxes, on the one hand prevent inflationary activities in the property market and, on the other hand, provide credit support to tenants and the poor who apply for housing with the tax revenue generated.” .

Source: the world of economy