The Chinese Ministry of Housing and Urban-Rural Development recently announced that it will accelerate the construction of three systems: routine inspection of houses, house insurance, and house pension, sparking discussions.
On the afternoon of August 2, at the policy briefing held in the new office of the Communist Party of China, Wang Shengjun, the spokesperson for the Ministry of Housing and Urban-Rural Development, Director of the Housing Reform and Development Department, stated that houses, like people, age and can get sick. Therefore, there is a need to establish a regular house inspection system. The inspection frequency will be determined based on the age and type of house construction to promptly identify and address any issues. Additionally, they will establish a house insurance system and a house pension system to provide financial support for house inspections, maintenance, and insurance, and accelerate the construction of these three systems.
This news immediately sparked discussions on the internet.
Netizens commented, “First, solve the issue of obtaining qualified inspection certificates! It’s likely that almost all houses with problems have been issued certificates. How did you inspect them?” “If the inspection fails, who is responsible? The homeowner? The contractor? The developer?” “Homeowners pay; not paying should lead to breach of trust.”
“It will definitely be the responsibility of the homeowners! Just like car owners paying vehicle taxes, insurance annually, and then failing emission tests for yellow or green labels. The government, manufacturers, and businesses make money first, and then the government collects annually!” “It inevitably makes people think of vehicle inspections, just finding an excuse to charge fees; it’s clever calculation! Vehicle inspections are already chaotic, now they want to meddle with houses.”
“We’ve already paid for the maintenance fund; now insurance and pension?” “What is the major repair fund that homeowners contribute for? What is the scale of the major repair fund? Is it already in the tens of billions? Where did the money go?”
“Here comes another round of money collection.” “They are blatantly robbing the common people; not even willing to disguise their intentions.” “As long as you own a house, they will find a way to milk you.” “Continuing this, it will surely destroy the real estate market!” “The scythe is ready.” “Plucking the last shred of the leek.” “Thinking of ways to collect money, then thinking of ways to be corrupt.” “A hundred ways have been tried, but it’s still a mess.”
Overall, the announcement by the Chinese Ministry of Housing and Urban-Rural Development to accelerate the establishment of these three systems has stirred up mixed reactions and debates among netizens regarding its implications and potential consequences for homeowners and the real estate market.