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1、HowChina'shousepricebubbleiscreatingagenerationofmenwithoutwives不断扩大的单身人群BEIJING—WhenXiaoboZhanggotmarriedintheearly1990s,heandhisbride,likemillionsofothercouplesacrossChina,weregivenasmallroomtoliveinbyhisdanwei,orworkunit.AtthetimealectureratNankaiUniversityinTianjin,Zhang'
2、sroomwasutilitarianandunremarkable,virtuallyindistinguishablefromtheonesinhabitedbyhiscolleagues.Inaword:average.20世纪90年代早期张晓波(音)结婚的时候,和其他数百万夫妇一样,他和妻子一起搬进了单位分给他的一间小房子里。当时他是天津南开大学的一名老师,分到的房子实用而普通几乎和同事们住的房子没什么区别。就一个词:普通。IntheChinaofthe1990s,whichwascharacterizedbyapubescentlimb
3、obetweentheeconomicreformsofthe1980sandthelastdecade'sexplosivegrowth,Zhangrecallsthatmostlyeveryonewasaverage.Peoplewereneatlypackedintoworkunits,generallylaboringunderthesameconditions,eatinginthesamecanteens,andsleepinginthesameblocksofindustrial-lookinghousingprovidedbyth
4、eiremployers.Therewaslittledisparityinsalaries,andfewcarsandluxuryhandbagstospendthosesalarieson.由于80年代的经济改革及过去10年里经济的迅猛发展,20世纪90年代的中国正处于茫然的青春期。张回忆说,几乎每个人都很普通,大家都穿着整齐的工作服,在同样的环境下工作,在同样的食堂吃饭,在同样的单位发放的工装房里睡觉。每个人的工资也没太大差别,就算有钱也没地方去买车或者奢侈的手提包。Duringthesetimes,Zhangexplained,occup
5、antspaidminimalrentfortheirwork-unithousing--whichwasissuedbasedonseniority,familysize,andrank--andcouldessentiallystayinitforever.TherewasnolegalmarketforbuyingandsellingpropertyinChina,eveninruralareaswithoutemployer-providedhousing,wherefamiliesbuilttheirownhomes.Then,in19
6、98,theChineserealestatemarketwasborn.ItbeganwithadecisionbytheChineseStateCounciltomonetizehousinginanattempttodevelopacommercialprivatemarketforrealestate.Inotherwords,insteadofjustprovidingapartmentsforlifetimeoccupancy,companies,nonprofitorganizations,andgovernmentagencies
7、begantogivetheiremployeestheoptiontopurchasethehousingtheylivedin.Fourteenyearsandaserioushousingconstructionboomlater,China'spropertymarkethasallowedforoneoftheworld'slargestaccumulationsofrealestatewealthinhistory,valuedat$17trillioninmid-2010byHSBCGlobalResearchandworthsom
8、e3.27timesChina'sGDP.(Tobetterunderstandthescopeoftheconstructionboo