To have and to hold, at least until real estate do us part

Updated 2017-06-22 14:23:21 China Daily
A man inspects a property model display in Rizhao, Shandong province, on Jun 14, 2014 .

A man inspects a property model display in Rizhao, Shandong province, on Jun 14, 2014 .

Data from the Beijing Civil Affairs Bureau show the number of divorces in the city reached 97,600 in 2016, 73 percent higher than the number in 2014. At the same time, the number of couples getting remarried reached 22,607, 131 percent higher than in 2014. comments:

This situation has much to do with the housing market. There is no exact data, but quite a lot of couples still live together after getting a divorce. The only difference is that after divorcing they are no longer couples registered by the law.

This phenomenon can be attributed to market policies. For instance, there are many reported cases of people divorcing in order to benefit from lower interest rates for new mortgage loans. And being two individuals rather than a couple means they can buy two properties rather than one.

The long-term effect of such a phenomenon on society remains to be seen, but too frequent divorces and resumed relations of divorced couples challenge the traditional value put on marriage. From a broader perspective, this may also have a negative influence on social order and stability.

If people can gain benefits from the housing policies by divorcing, and the policies encourage them to do so, then surely the policies need to be looked at and amended.

Worse, some realty agencies reportedly help customers take advantage of such policy loopholes. The negative effects of these real estate policy loopholes cannot be ignored.

Policymakers should take into consideration people's real needs when drawing up realty policies, so as to avoid shortsightedness because they failed to investigate the real situation in the market thoroughly enough.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58January 24 2018 04:10:13

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16January 24 2018 04:10:13

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18January 24 2018 04:10:13

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords