This flawed approach allowed China’s housing prices to continue to rise steadily, fueling major housing bubbles, especially in first-tier cities. The average Beijing resident would have to save all of his or her income for 34 years before to be able to purchase an apartment outright.
这一存在缺陷的方针让中国房价继续稳步上升，催生了巨大的住房泡沫，特别是在一线城市。普通北京居民需要将收入不吃不喝存34年才能全款购买一套公寓。上海和广州则分别为29年和27年——远远高于其他国际大城市。