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Loans for the Dream Feverish Property Market Possessing a house is everyone’s dream. For most home buyers, they not only have the actual house buying to deal with, but they also have the mortgage process to encounter. A great demand for houses causes considerable sum of loans from banks. Economists have cautioned the central government of growing risks posed by the real estate bubbles, which if bursts, might trigger the American-style mortgage crisis, dealing a blow to the country’s banking system. Words property market = real estate market skyrocket vi. 陡升，猛涨 eg.Prices skyrocketed. 物价飞涨。 foam v. 起泡沫 mortgage loan n. 抵押贷款 Questions What is return rate? Script Script Thank you. * * What is the average price of a secondhand apartment in Beijing? The return rate is the number of annual apartment rentals divided by property price. (When the rate is above 5.5 percent, housing prices have room to increase. But if it is below 4.5 percent, local housing prices have existing bubbles.) The average price of a secondhand apartment in Beijing reached 19,200 yuan per square meter. After a series of administrative policies regarding the property market, housing prices in Beijing have continued to skyrocket. Here is a second-home seller in the capitals central business district. His apartment is 155 square meters. Now Im selling my apartment for 6.2 million yuan, not 5.9 million, and I wont bargain. The Ministry of Land and Resources says the real estate market is foaming. For the first time, the government introduced the concept of a return rate in its 2009 land price report. The return rate is the number of annual apartment rentals divided by property price. When the rate is above 5.5 percent, housing prices have room to increase. But if it is below 4.5 percent, local housing prices have existing bubbles. Take the return rate of apartments in Beijings central business district for instance. It is only 0.7 percent, indicating a huge price bubble.