Why is the real estate industry not a pillar industry in developed countries?

An industry that hardly exists abroad is regarded as a pillar industry of the national economy in China. Cheng Siwei, the former chief mate, revealed in a forum that real estate has been officially listed as one of the major revitalization industries in the State Council 10. Developers and local government leaders will be very happy to hear this news. If this news is true, it means that real estate will get greater policy support from the state, and the pace of falling house prices will be effectively delayed. Many people like to say that real estate is a pillar industry. The more money you earn, the greater your contribution to society. But in my opinion, the more money developers earn, the more serious the plunder to society and the greater the harm to society. Perhaps for the real estate industry itself, the profitability is unparalleled, but the external influence of the industry is enormous. Problems such as house slaves, the elderly and insufficient domestic demand cannot be ignored. Developers in China have been flaunting their outstanding contributions to China's economy. One of the most important reasons is that real estate has created a huge GNP in fixed assets investment. But in fact, real estate developers are engaged in an indirect investment activity, and everything they do is "asset management". That is to say, developers use their own wisdom and strategies to effectively "combine" land, bank funds and buildings, but they have not created national wealth in essence. Real estate does not create wealth, and some people will definitely question my point of view. If developers have done almost nothing, but the real estate they operate and control has achieved the maximum value-added, why? The key is the material production labor engaged by architectural design enterprises, which are the actual creators of material wealth in the real estate field, which is also the real reason why there are only construction industry indicators in GDP statistics. China real estate is actually a deformed industry, a machine that plunders public wealth. What is a reasonable industry? A reasonable industry must provide consumers with cheaper and better quality products or services than those made by consumers themselves. As a "pillar industry", real estate is not even a reasonable industry. This is an industry that mainly sells land, capital and construction production technology, and it is by far the largest leather bag dealer or profiteer. In developed countries such as Europe and America, I have never heard of that country taking real estate as a pillar industry. Real estate in Europe and America is composed of builders and service providers. Builders are builders, and their real estate developers are actually builders, and more are engineering contractors. Because the land in countries like the United States is privatized, no one can buy a large area of land at will, and many landowners entrust the development as owners. The real estate industry in the United States is actually an industry that serves the construction industry and consumers, including construction management, trust and investment, housing agency and leasing business. Is a pure service industry, relying entirely on the quality of service to profit. Without service, it can't make any money. On the other hand, our own development model, our construction industry is purely contracted, that is, contractor. Local governments holding land alone and developers with project development rights are the real owners. In other words, in foreign countries, the development link is meager profit or even unprofitable, but the profit we get in the development link is as high as 90% or more. As for the post-service, the developer assumes the role of shopkeeper, which is undertaken by the property company and the security company. As for the quality of service, it has nothing to do with the developer. If the developer is compared to a mobile communication company, there is no initial installation fee for foreign communication companies to install telephones for customers, and the communication companies do not charge a penny if customers do not call; In China, if you want to install a telephone, you have to pay an initial installation fee of 1 1,000 yuan. Therefore, no matter how poor the service quality of China Mobile Company is, it will still be profitable. This is why developers in China never pay attention to the quality of housing development and the later property management. The mystery is that they have made enough profits in the development process. Domestic developers are divided into two levels: first, land reserve centers at all levels, commonly known as first-class land developers; Secondary developers are real estate development companies with project development rights in the usual sense. Under the linkage of "high efficiency and tacit understanding" at the first and second levels, everyone tacitly plunders the few wealth of ordinary people and makes huge profits, which is the root of the skyrocketing housing prices in China in recent years. Because the local government owns 1.000% of the land control and monopoly rights, coupled with the high concentration of project approval authority and the unique living concept of China people, it is easy for members of real estate interest groups to make house prices rise rapidly in a short period of time, because high house prices mean that a few people can obtain huge wealth effects and local fiscal revenue increases rapidly, so real estate has become the "leader" of local economic development. This is also the most important reason why so many social elites shout that real estate must be the pillar industry of the national economy.