+Follow
HHYFHHSF
No personal profile
17
Follow
1
Followers
0
Topic
0
Badge
Posts
Hot
HHYFHHSF
2021-04-17
Good
Buy a house or buy stocks? That's what American residents see right now
HHYFHHSF
2021-07-07
OK
Sorry, the original content has been removed
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3574844095863997","uuid":"3574844095863997","gmtCreate":1611750072430,"gmtModify":1614133898544,"name":"HHYFHHSF","pinyin":"hhyfhhsf","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/792480317c9c350a1fb4676d7885126d","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1,"headSize":17,"tweetSize":15,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.03.08","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.64%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.32%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":140364044,"gmtCreate":1625630782588,"gmtModify":1703745294333,"author":{"id":"3574844095863997","authorId":"3574844095863997","name":"HHYFHHSF","avatar":"https://static.tigerbbs.com/792480317c9c350a1fb4676d7885126d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574844095863997","authorIdStr":"3574844095863997"},"themes":[],"title":"","htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140364044","repostId":"2149360103","repostType":4,"repost":{"id":"2149360103","kind":"news","pubTimestamp":1625629456,"share":"https://ttm.financial/m/news/2149360103?lang=en_US&edition=fundamental","pubTime":"2021-07-07 11:44","market":"us","language":"zh","title":"FTSE Russell: Will still be included in Didi on July 8 as planned","url":"https://stock-news.laohu8.com/highlight/detail?id=2149360103","media":"新浪财经","summary":"富时罗素表示，仍将按计划于7月8日将滴滴纳入其全球指数，除非这家中国打车软件公司的股票周三在美国市场暂停交易。\n富时罗素在其网站上的一份声明中表示：“如果滴滴全球的ADS在周三美国市场交易时段暂停交易","content":"<p><img src=\"https://static.tigerbbs.com/e10cd7b688e3d7f9f31deec226950e1e\" tg-width=\"550\" tg-height=\"355\" referrerpolicy=\"no-referrer\"></p><p>FTSE Russell said it would still be on schedule on July 8 to<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Included in its global index unless the Chinese ride-hailing software company's shares were suspended from trading in the U.S. market on Wednesday.</p><p>In a statement on its website, FTSE Russell said: \"If Didi Global's ADS is suspended during Wednesday's trading session in the US market, FTSE Russell will not conduct rapid inclusion and monitoring in accordance with its index policy of suspension of trading and market closure.\"</p><p>FTSE Russell announced last Thursday that Didi will be included in its Global equity indices, including the FTSE All-World Index, the FTSE Global Large Cap Index and the FTSE Emerging Markets Index, on July 8.</p>","source":"sina_symbol","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FTSE Russell: Will still be included in Didi on July 8 as planned</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFTSE Russell: Will still be included in Didi on July 8 as planned\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-07-07 11:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/e10cd7b688e3d7f9f31deec226950e1e\" tg-width=\"550\" tg-height=\"355\" referrerpolicy=\"no-referrer\"></p><p>FTSE Russell said it would still be on schedule on July 8 to<a href=\"https://laohu8.com/S/DIDI\">Didi</a>Included in its global index unless the Chinese ride-hailing software company's shares were suspended from trading in the U.S. market on Wednesday.</p><p>In a statement on its website, FTSE Russell said: \"If Didi Global's ADS is suspended during Wednesday's trading session in the US market, FTSE Russell will not conduct rapid inclusion and monitoring in accordance with its index policy of suspension of trading and market closure.\"</p><p>FTSE Russell announced last Thursday that Didi will be included in its Global equity indices, including the FTSE All-World Index, the FTSE Global Large Cap Index and the FTSE Emerging Markets Index, on July 8.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-07-07/doc-ikqcfnca5426011.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e10cd7b688e3d7f9f31deec226950e1e","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-07-07/doc-ikqcfnca5426011.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149360103","content_text":"富时罗素表示，仍将按计划于7月8日将滴滴纳入其全球指数，除非这家中国打车软件公司的股票周三在美国市场暂停交易。\n富时罗素在其网站上的一份声明中表示：“如果滴滴全球的ADS在周三美国市场交易时段暂停交易，富时罗素将根据暂停交易和关闭市场的指数政策，不进行快速纳入和监控。”\n富时罗素上周四宣布，滴滴将于7月8日被纳入其全球股票指数，包括富时世界指数（FTSE All-World Index），富时全球大盘指数（FTSE Global Large Cap Index）和富时新兴市场指数（FTSE Emerging Index）。","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":2653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379077441,"gmtCreate":1618646583383,"gmtModify":1704713797931,"author":{"id":"3574844095863997","authorId":"3574844095863997","name":"HHYFHHSF","avatar":"https://static.tigerbbs.com/792480317c9c350a1fb4676d7885126d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574844095863997","authorIdStr":"3574844095863997"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/379077441","repostId":"2128537854","repostType":4,"repost":{"id":"2128537854","kind":"highlight","pubTimestamp":1618639841,"share":"https://ttm.financial/m/news/2128537854?lang=en_US&edition=fundamental","pubTime":"2021-04-17 14:10","market":"us","language":"zh","title":"Buy a house or buy stocks? That's what American residents see right now","url":"https://stock-news.laohu8.com/highlight/detail?id=2128537854","media":"格隆汇","summary":"2021年，美国家庭更加青睐房地产。","content":"<p>The sharp increase in residents' savings under the shock of the pandemic is almost a common problem faced by the world. In addition to consumption, how to make reasonable investment layout? This report from the New York Fed may give me some clues. Some of the numbers for U.S. real estate slowed in the first quarter of the year, but from a micro level, we might as well be optimistic.</p><p><b>text</b></p><p><b>Housing is the largest asset owned by most families and is the primary means of wealth accumulation, especially for the middle class</b>。 However, there is limited understanding of how households view and compare real estate investments to financial investments, in part because they differ beyond common risk and benefit standards. On the one hand, housing is an important source of household leverage, and it is also a reliable tool to preserve the value of savings. Owner-occupied homes can also provide stability and an effective hedge against rising housing costs. Housing, on the other hand, is far less liquid than financial assets and requires more time to manage.</p><p>In this article, we use data from the just-released SCE Housing Survey to answer several related questions about how households view real estate: Do households view housing as a good investment option compared to financial assets, such as stocks? Are there differences in preferences for housing investment among different populations? What factors do families consider when choosing the housing market or the stock market?</p><p><h3><b>Design of survey data</b></h3>A new survey was recently launched in the SCE Housing Survey, which targets households' preferences for real estate and the stock market and the reasons behind them. In the survey, respondents will imagine themselves giving financial advice to a couple in their 30s in the area: buying a house or buying stocks, who just got a gift that can cover the full advance payment for a home. The problem has two scenarios: one is to ask the young couple whether to buy an owner-occupied home or to invest in the stock market, and the other is to assume that the couple already owns a home, whether they should invest in rental property or stocks.</p><p>Each respondent answered one of the above questions at random. After giving a recommendation, respondents also need to choose the reasons for making the recommendation from a series of factors, including higher stock returns, less volatile real estate returns, whether it is a reliable savings preservation tool, etc., or they can also provide their own reasons. This survey was conducted in February 2020 (primarily prior to the COVID-19 outbreak in the United States), October 2020, and February 2021, and the results are reported below:</p><p><h3><b>Housing is a good investment</b></h3>The following table lists the distribution of results of financial advice in the housing market and stock market at different stages. In general,<b>Households generally agree that housing is a good investment compared to the stock market</b>。 When asked whether to invest in rental real estate or the stock market, more than 50% of households surveyed recommended housing. In the selection scenario of first home and stock, more than 90% of the respondents choose housing, and their preference for housing is stronger.</p><p>One interesting discovery is,<b>Preferences for real estate declined in October 2020 and returned to pre-pandemic levels by February 2021</b>。 Examining the rationale for these choices, we find that in October 2020, this shift away from real estate preferences was not driven by lower home price expectations, but reflected other reasons. For example, investors are more concerned about the risks of vacant rental homes. For purchasing owner-occupied homes, post-pandemic respondents were less concerned about the stability offered by owner-occupied homes, likely due to concerns that inability to make mortgage payments would result in a shorter period of living in the current home.</p><p><img src=\"https://static.tigerbbs.com/7446f0bfef91d753b549564a8bb711bb\" tg-width=\"1080\" tg-height=\"832\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/847eb2c2296ba22d4e737a7120244700\" tg-width=\"1080\" tg-height=\"681\" referrerpolicy=\"no-referrer\"></p><p><h3><b>How do different groups of people view real estate investing differently?</b></h3>Next, we looked at the differences in the perception of real estate investment by different groups of people.<b>Two important factors influencing the questionnaire response were gender and education</b>。 In this analysis, we focus on how rental housing compares to stocks. The next chart shows,<b>Women and non-college graduates prefer housing over others</b>。</p><p>For gender differences, part of the explanation is that in our sample, men are more willing to take risks than women and are more willing to invest in the stock market, where returns are more volatile. With regard to the education gap, college graduates tend to think that the stock market is more rewarding than the housing market and cite \"managing rental properties is time consuming\" as one of the reasons to choose the stock market.</p><p>We also note that in the October 2020 survey, these gender and educational gaps narrowed significantly due to temporarily reduced real estate preferences among women and non-college graduates. In future research, we intend to examine the factors behind the gender and education gaps and why they temporarily reduced their preference for the housing market during the pandemic.</p><p><img src=\"https://static.tigerbbs.com/6f2d9bb4a87ab766c9b9efd11c4e9187\" tg-width=\"500\" tg-height=\"435\" referrerpolicy=\"no-referrer\"></p><p><h3><b>Reasons for choosing housing</b></h3>When it comes to reasons for choosing a home, the chart below shows the percentage of various reasons respondents recommend choosing to buy a first home rather than investing in the stock market. Respondents can choose multiple reasons. It can be seen that the proportion of choices for each reason is very reasonable. \"Ideal and stable living environment\" and \"less volatility in house prices\" are the most common reasons. Compared to the 2020 answer,<b>More respondents opted for higher housing returns and less volatility in 2021</b>While fewer survey respondents chose other reasons, including, for example, rent savings, stability, locking in housing costs, effective means of saving, etc.</p><p><img src=\"https://static.tigerbbs.com/7b5e4a78e93e5b919a8ccf14824ba5c6\" tg-width=\"500\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p><p><h3><b>conclusion</b></h3>Real estate is an important asset class for middle-class families. Surveys conducted before and during the pandemic have shown that investors see housing, including rental properties and owner-occupied homes, as a good investment relative to the stock market. There are important differences in housing preferences among different populations, with women and non-college graduates preferring housing. More households are citing higher returns and lower volatility as reasons to enter the housing market now than before the pandemic.</p><p><i>This article is translated from the New York Fed's recent \"</i><b><i>Do People View Housing as a Good Investment and Why?</i></b><i>》, Andrew Haughwout, Haoyang Liu, Dean Parker, and Xiaohan Zhang</i></p>","source":"gelonghui_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy a house or buy stocks? That's what American residents see right now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy a house or buy stocks? That's what American residents see right now\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-04-17 14:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The sharp increase in residents' savings under the shock of the pandemic is almost a common problem faced by the world. In addition to consumption, how to make reasonable investment layout? This report from the New York Fed may give me some clues. Some of the numbers for U.S. real estate slowed in the first quarter of the year, but from a micro level, we might as well be optimistic.</p><p><b>text</b></p><p><b>Housing is the largest asset owned by most families and is the primary means of wealth accumulation, especially for the middle class</b>。 However, there is limited understanding of how households view and compare real estate investments to financial investments, in part because they differ beyond common risk and benefit standards. On the one hand, housing is an important source of household leverage, and it is also a reliable tool to preserve the value of savings. Owner-occupied homes can also provide stability and an effective hedge against rising housing costs. Housing, on the other hand, is far less liquid than financial assets and requires more time to manage.</p><p>In this article, we use data from the just-released SCE Housing Survey to answer several related questions about how households view real estate: Do households view housing as a good investment option compared to financial assets, such as stocks? Are there differences in preferences for housing investment among different populations? What factors do families consider when choosing the housing market or the stock market?</p><p><h3><b>Design of survey data</b></h3>A new survey was recently launched in the SCE Housing Survey, which targets households' preferences for real estate and the stock market and the reasons behind them. In the survey, respondents will imagine themselves giving financial advice to a couple in their 30s in the area: buying a house or buying stocks, who just got a gift that can cover the full advance payment for a home. The problem has two scenarios: one is to ask the young couple whether to buy an owner-occupied home or to invest in the stock market, and the other is to assume that the couple already owns a home, whether they should invest in rental property or stocks.</p><p>Each respondent answered one of the above questions at random. After giving a recommendation, respondents also need to choose the reasons for making the recommendation from a series of factors, including higher stock returns, less volatile real estate returns, whether it is a reliable savings preservation tool, etc., or they can also provide their own reasons. This survey was conducted in February 2020 (primarily prior to the COVID-19 outbreak in the United States), October 2020, and February 2021, and the results are reported below:</p><p><h3><b>Housing is a good investment</b></h3>The following table lists the distribution of results of financial advice in the housing market and stock market at different stages. In general,<b>Households generally agree that housing is a good investment compared to the stock market</b>。 When asked whether to invest in rental real estate or the stock market, more than 50% of households surveyed recommended housing. In the selection scenario of first home and stock, more than 90% of the respondents choose housing, and their preference for housing is stronger.</p><p>One interesting discovery is,<b>Preferences for real estate declined in October 2020 and returned to pre-pandemic levels by February 2021</b>。 Examining the rationale for these choices, we find that in October 2020, this shift away from real estate preferences was not driven by lower home price expectations, but reflected other reasons. For example, investors are more concerned about the risks of vacant rental homes. For purchasing owner-occupied homes, post-pandemic respondents were less concerned about the stability offered by owner-occupied homes, likely due to concerns that inability to make mortgage payments would result in a shorter period of living in the current home.</p><p><img src=\"https://static.tigerbbs.com/7446f0bfef91d753b549564a8bb711bb\" tg-width=\"1080\" tg-height=\"832\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/847eb2c2296ba22d4e737a7120244700\" tg-width=\"1080\" tg-height=\"681\" referrerpolicy=\"no-referrer\"></p><p><h3><b>How do different groups of people view real estate investing differently?</b></h3>Next, we looked at the differences in the perception of real estate investment by different groups of people.<b>Two important factors influencing the questionnaire response were gender and education</b>。 In this analysis, we focus on how rental housing compares to stocks. The next chart shows,<b>Women and non-college graduates prefer housing over others</b>。</p><p>For gender differences, part of the explanation is that in our sample, men are more willing to take risks than women and are more willing to invest in the stock market, where returns are more volatile. With regard to the education gap, college graduates tend to think that the stock market is more rewarding than the housing market and cite \"managing rental properties is time consuming\" as one of the reasons to choose the stock market.</p><p>We also note that in the October 2020 survey, these gender and educational gaps narrowed significantly due to temporarily reduced real estate preferences among women and non-college graduates. In future research, we intend to examine the factors behind the gender and education gaps and why they temporarily reduced their preference for the housing market during the pandemic.</p><p><img src=\"https://static.tigerbbs.com/6f2d9bb4a87ab766c9b9efd11c4e9187\" tg-width=\"500\" tg-height=\"435\" referrerpolicy=\"no-referrer\"></p><p><h3><b>Reasons for choosing housing</b></h3>When it comes to reasons for choosing a home, the chart below shows the percentage of various reasons respondents recommend choosing to buy a first home rather than investing in the stock market. Respondents can choose multiple reasons. It can be seen that the proportion of choices for each reason is very reasonable. \"Ideal and stable living environment\" and \"less volatility in house prices\" are the most common reasons. Compared to the 2020 answer,<b>More respondents opted for higher housing returns and less volatility in 2021</b>While fewer survey respondents chose other reasons, including, for example, rent savings, stability, locking in housing costs, effective means of saving, etc.</p><p><img src=\"https://static.tigerbbs.com/7b5e4a78e93e5b919a8ccf14824ba5c6\" tg-width=\"500\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p><p><h3><b>conclusion</b></h3>Real estate is an important asset class for middle-class families. Surveys conducted before and during the pandemic have shown that investors see housing, including rental properties and owner-occupied homes, as a good investment relative to the stock market. There are important differences in housing preferences among different populations, with women and non-college graduates preferring housing. More households are citing higher returns and lower volatility as reasons to enter the housing market now than before the pandemic.</p><p><i>This article is translated from the New York Fed's recent \"</i><b><i>Do People View Housing as a Good Investment and Why?</i></b><i>》, Andrew Haughwout, Haoyang Liu, Dean Parker, and Xiaohan Zhang</i></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.gelonghui.com/p/460858\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b88e2fdae8e5bd88881023c7c82026ea","relate_stocks":{"09979":"绿城管理控股"},"source_url":"http://www.gelonghui.com/p/460858","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2128537854","content_text":"疫情冲击下居民储蓄大幅增加几乎是全球面临的共同问题。除了消费外，如何合理进行投资布局？纽约联储的这篇报告可能给我一些线索。美国房地产的部分数据在今年第一季度有所放缓，但从微观层面来看，我们不妨乐观一点。\n正文\n住房是大多数家庭拥有的最大额资产，并且是财富积累的主要手段，对于中产阶级尤其如此。然而，对于家庭如何看待和比较房地产投资和金融投资我们了解很有限，这部分是因为它们的差异超出了常见的风险和收益标准。一方面，住房是家庭加杠杆的重要来源，同时也是可靠的储蓄保值工具。自住住宅还可以为住房成本上涨提供稳定性和有效对冲。另一方面，住房的流动性远低于金融资产，并且需要更多的时间来管理。\n在这篇文章中，我们使用来自刚刚发布的SCE住房调查的数据来回答有关家庭如何看待房地产的几个相关问题：与金融资产（例如股票）相比，家庭是否将住房视为一种良好的投资选择？不同人群是否对住房投资的偏好存在差异？家庭选择房市还是股市时会考虑哪些因素？\n调查数据的设计\nSCE住房调查中最近推出一项新调查，针对性调研住户对房地产和股市的偏好及背后的原因。在调查中，受访者将在假想自己为本地区一对30多岁的夫妇提供理财建议：买房子还是买股票，这对夫妇正好刚获得一笔可以足额支付购房预付款的馈赠资金。问题有两种场景：一种是问这对年轻夫妇是购买自住住宅还是投资于股票市场，另一种是假设这对夫妇已经拥有住房，他们是该投资租赁地产还是股票。\n每个受访者随机回答上述某一问题。在给出建议后，受访者还需从一系列因素中选择作出该项建议的理由，这些因素包括股票收益更高，房地产收益波动更小，是不是可靠的储蓄保值工具等，或者也可以提供自己的理由。这一调查分别在2020年2月（主要是在美国COVID-19爆发之前），2020年10月和2021年2月进行，结果报告如下：\n住房是一种很好的投资\n下表列出了不同阶段房市股市理财建议的结果分布情况。一般而言，与股市相比，家庭普遍认为住房是一种好的投资。当被问及是投资租赁房地产还是投资股市时，超过50%的调查家庭都推荐了住房。在首套住宅与股票的选择场景中，超过90%的受访者选择住房，对住房的偏好更为强烈。\n一个有趣的发现是，人们对房地产的偏好在2020年10月有所下降，到2021年2月又回到了疫情前的水平。通过考察这些选择的理由，我们发现2020年10月，这种从房地产偏好的转变并不是由较低的房价预期推动，而是反映了其他原因。例如，投资者更担心空置出租房屋的风险。对于购买自住住宅，疫情爆发后调查对象更少在意自住住宅提供的稳定性，这可能是因为担心无法支付抵押贷款导致在当前房屋中居住的期限会缩短。\n\n\n不同人群看待房地产投资有什么差异？\n接下来我们研究了不同人群对房地产投资的看法差异。影响问卷回答的两个重要因素是性别和教育。在这一分析中，我们将重点放在租赁住房与股票的比较上。下一张图表显示，女性和非大学毕业生比其他人更青睐住房。\n对于性别差异，部分解释是在我们的样本中，男性比女性更愿意承担风险，更愿意投资股市，因为股市的回报率波动性更大。对于教育差距，大学毕业生倾向于认为股市的回报高于住房市场，并将“管理租赁房产耗时”作为选择股市的理由之一。\n我们还注意到，在2020年10月的调查中，由于女性和非大学毕业生暂时降低对房地产的偏好，这些性别和教育方面的差距大大缩小。在未来的研究中，我们打算研究性别和教育差距背后的因素，以及为什么他们在疫情爆发期间暂时降低对房市的青睐。\n\n选择住房的原因\n谈到选择住房的原因，下图显示了受访者推荐选择购买首套住宅而不是投资股市的各个原因的比例。受访者可以选择多个原因。可以看到每个理由的选择比例都很合理。\"理想稳定的生活环境 \"和 \"房价波动较小 \"是最常见的原因。与2020年的回答相比，2021年有更多的调查对象选择了更高的住房回报、波动性较小这两个原因，而选择其他原因的调查对象则较少，包括例如节省租金、稳定、锁定住房成本、有效的储蓄手段等。\n\n结论\n房地产是中产阶级家庭的重要资产类别。疫情爆发前和期间进行的调查表明，相对于股票市场而言，投资者认为住房（包括租赁房产和自住住宅）是一项良好的投资。不同人群对住房的偏好存在重要差异，女性和非大学毕业生更偏好住房。与疫情爆发前相比，现在有更多的家庭将较高的回报和较低的波动性作为进入房市的理由。\n本文译自纽约联储近日发表的《Do People View Housing as a Good Investment and Why?》，Andrew Haughwout, Haoyang Liu, Dean Parker, and Xiaohan Zhang","news_type":1,"symbols_score_info":{"09979":0.9}},"isVote":1,"tweetType":1,"viewCount":4048,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":379077441,"gmtCreate":1618646583383,"gmtModify":1704713797931,"author":{"id":"3574844095863997","authorId":"3574844095863997","name":"HHYFHHSF","avatar":"https://static.tigerbbs.com/792480317c9c350a1fb4676d7885126d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574844095863997","idStr":"3574844095863997"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/379077441","repostId":"2128537854","repostType":4,"repost":{"id":"2128537854","kind":"highlight","pubTimestamp":1618639841,"share":"https://ttm.financial/m/news/2128537854?lang=en_US&edition=fundamental","pubTime":"2021-04-17 14:10","market":"us","language":"zh","title":"Buy a house or buy stocks? That's what American residents see right now","url":"https://stock-news.laohu8.com/highlight/detail?id=2128537854","media":"格隆汇","summary":"2021年，美国家庭更加青睐房地产。","content":"<p>The sharp increase in residents' savings under the shock of the pandemic is almost a common problem faced by the world. In addition to consumption, how to make reasonable investment layout? This report from the New York Fed may give me some clues. Some of the numbers for U.S. real estate slowed in the first quarter of the year, but from a micro level, we might as well be optimistic.</p><p><b>text</b></p><p><b>Housing is the largest asset owned by most families and is the primary means of wealth accumulation, especially for the middle class</b>。 However, there is limited understanding of how households view and compare real estate investments to financial investments, in part because they differ beyond common risk and benefit standards. On the one hand, housing is an important source of household leverage, and it is also a reliable tool to preserve the value of savings. Owner-occupied homes can also provide stability and an effective hedge against rising housing costs. Housing, on the other hand, is far less liquid than financial assets and requires more time to manage.</p><p>In this article, we use data from the just-released SCE Housing Survey to answer several related questions about how households view real estate: Do households view housing as a good investment option compared to financial assets, such as stocks? Are there differences in preferences for housing investment among different populations? What factors do families consider when choosing the housing market or the stock market?</p><p><h3><b>Design of survey data</b></h3>A new survey was recently launched in the SCE Housing Survey, which targets households' preferences for real estate and the stock market and the reasons behind them. In the survey, respondents will imagine themselves giving financial advice to a couple in their 30s in the area: buying a house or buying stocks, who just got a gift that can cover the full advance payment for a home. The problem has two scenarios: one is to ask the young couple whether to buy an owner-occupied home or to invest in the stock market, and the other is to assume that the couple already owns a home, whether they should invest in rental property or stocks.</p><p>Each respondent answered one of the above questions at random. After giving a recommendation, respondents also need to choose the reasons for making the recommendation from a series of factors, including higher stock returns, less volatile real estate returns, whether it is a reliable savings preservation tool, etc., or they can also provide their own reasons. This survey was conducted in February 2020 (primarily prior to the COVID-19 outbreak in the United States), October 2020, and February 2021, and the results are reported below:</p><p><h3><b>Housing is a good investment</b></h3>The following table lists the distribution of results of financial advice in the housing market and stock market at different stages. In general,<b>Households generally agree that housing is a good investment compared to the stock market</b>。 When asked whether to invest in rental real estate or the stock market, more than 50% of households surveyed recommended housing. In the selection scenario of first home and stock, more than 90% of the respondents choose housing, and their preference for housing is stronger.</p><p>One interesting discovery is,<b>Preferences for real estate declined in October 2020 and returned to pre-pandemic levels by February 2021</b>。 Examining the rationale for these choices, we find that in October 2020, this shift away from real estate preferences was not driven by lower home price expectations, but reflected other reasons. For example, investors are more concerned about the risks of vacant rental homes. For purchasing owner-occupied homes, post-pandemic respondents were less concerned about the stability offered by owner-occupied homes, likely due to concerns that inability to make mortgage payments would result in a shorter period of living in the current home.</p><p><img src=\"https://static.tigerbbs.com/7446f0bfef91d753b549564a8bb711bb\" tg-width=\"1080\" tg-height=\"832\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/847eb2c2296ba22d4e737a7120244700\" tg-width=\"1080\" tg-height=\"681\" referrerpolicy=\"no-referrer\"></p><p><h3><b>How do different groups of people view real estate investing differently?</b></h3>Next, we looked at the differences in the perception of real estate investment by different groups of people.<b>Two important factors influencing the questionnaire response were gender and education</b>。 In this analysis, we focus on how rental housing compares to stocks. The next chart shows,<b>Women and non-college graduates prefer housing over others</b>。</p><p>For gender differences, part of the explanation is that in our sample, men are more willing to take risks than women and are more willing to invest in the stock market, where returns are more volatile. With regard to the education gap, college graduates tend to think that the stock market is more rewarding than the housing market and cite \"managing rental properties is time consuming\" as one of the reasons to choose the stock market.</p><p>We also note that in the October 2020 survey, these gender and educational gaps narrowed significantly due to temporarily reduced real estate preferences among women and non-college graduates. In future research, we intend to examine the factors behind the gender and education gaps and why they temporarily reduced their preference for the housing market during the pandemic.</p><p><img src=\"https://static.tigerbbs.com/6f2d9bb4a87ab766c9b9efd11c4e9187\" tg-width=\"500\" tg-height=\"435\" referrerpolicy=\"no-referrer\"></p><p><h3><b>Reasons for choosing housing</b></h3>When it comes to reasons for choosing a home, the chart below shows the percentage of various reasons respondents recommend choosing to buy a first home rather than investing in the stock market. Respondents can choose multiple reasons. It can be seen that the proportion of choices for each reason is very reasonable. \"Ideal and stable living environment\" and \"less volatility in house prices\" are the most common reasons. Compared to the 2020 answer,<b>More respondents opted for higher housing returns and less volatility in 2021</b>While fewer survey respondents chose other reasons, including, for example, rent savings, stability, locking in housing costs, effective means of saving, etc.</p><p><img src=\"https://static.tigerbbs.com/7b5e4a78e93e5b919a8ccf14824ba5c6\" tg-width=\"500\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p><p><h3><b>conclusion</b></h3>Real estate is an important asset class for middle-class families. Surveys conducted before and during the pandemic have shown that investors see housing, including rental properties and owner-occupied homes, as a good investment relative to the stock market. There are important differences in housing preferences among different populations, with women and non-college graduates preferring housing. More households are citing higher returns and lower volatility as reasons to enter the housing market now than before the pandemic.</p><p><i>This article is translated from the New York Fed's recent \"</i><b><i>Do People View Housing as a Good Investment and Why?</i></b><i>》, Andrew Haughwout, Haoyang Liu, Dean Parker, and Xiaohan Zhang</i></p>","source":"gelonghui_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buy a house or buy stocks? That's what American residents see right now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuy a house or buy stocks? That's what American residents see right now\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-04-17 14:10</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The sharp increase in residents' savings under the shock of the pandemic is almost a common problem faced by the world. In addition to consumption, how to make reasonable investment layout? This report from the New York Fed may give me some clues. Some of the numbers for U.S. real estate slowed in the first quarter of the year, but from a micro level, we might as well be optimistic.</p><p><b>text</b></p><p><b>Housing is the largest asset owned by most families and is the primary means of wealth accumulation, especially for the middle class</b>。 However, there is limited understanding of how households view and compare real estate investments to financial investments, in part because they differ beyond common risk and benefit standards. On the one hand, housing is an important source of household leverage, and it is also a reliable tool to preserve the value of savings. Owner-occupied homes can also provide stability and an effective hedge against rising housing costs. Housing, on the other hand, is far less liquid than financial assets and requires more time to manage.</p><p>In this article, we use data from the just-released SCE Housing Survey to answer several related questions about how households view real estate: Do households view housing as a good investment option compared to financial assets, such as stocks? Are there differences in preferences for housing investment among different populations? What factors do families consider when choosing the housing market or the stock market?</p><p><h3><b>Design of survey data</b></h3>A new survey was recently launched in the SCE Housing Survey, which targets households' preferences for real estate and the stock market and the reasons behind them. In the survey, respondents will imagine themselves giving financial advice to a couple in their 30s in the area: buying a house or buying stocks, who just got a gift that can cover the full advance payment for a home. The problem has two scenarios: one is to ask the young couple whether to buy an owner-occupied home or to invest in the stock market, and the other is to assume that the couple already owns a home, whether they should invest in rental property or stocks.</p><p>Each respondent answered one of the above questions at random. After giving a recommendation, respondents also need to choose the reasons for making the recommendation from a series of factors, including higher stock returns, less volatile real estate returns, whether it is a reliable savings preservation tool, etc., or they can also provide their own reasons. This survey was conducted in February 2020 (primarily prior to the COVID-19 outbreak in the United States), October 2020, and February 2021, and the results are reported below:</p><p><h3><b>Housing is a good investment</b></h3>The following table lists the distribution of results of financial advice in the housing market and stock market at different stages. In general,<b>Households generally agree that housing is a good investment compared to the stock market</b>。 When asked whether to invest in rental real estate or the stock market, more than 50% of households surveyed recommended housing. In the selection scenario of first home and stock, more than 90% of the respondents choose housing, and their preference for housing is stronger.</p><p>One interesting discovery is,<b>Preferences for real estate declined in October 2020 and returned to pre-pandemic levels by February 2021</b>。 Examining the rationale for these choices, we find that in October 2020, this shift away from real estate preferences was not driven by lower home price expectations, but reflected other reasons. For example, investors are more concerned about the risks of vacant rental homes. For purchasing owner-occupied homes, post-pandemic respondents were less concerned about the stability offered by owner-occupied homes, likely due to concerns that inability to make mortgage payments would result in a shorter period of living in the current home.</p><p><img src=\"https://static.tigerbbs.com/7446f0bfef91d753b549564a8bb711bb\" tg-width=\"1080\" tg-height=\"832\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/847eb2c2296ba22d4e737a7120244700\" tg-width=\"1080\" tg-height=\"681\" referrerpolicy=\"no-referrer\"></p><p><h3><b>How do different groups of people view real estate investing differently?</b></h3>Next, we looked at the differences in the perception of real estate investment by different groups of people.<b>Two important factors influencing the questionnaire response were gender and education</b>。 In this analysis, we focus on how rental housing compares to stocks. The next chart shows,<b>Women and non-college graduates prefer housing over others</b>。</p><p>For gender differences, part of the explanation is that in our sample, men are more willing to take risks than women and are more willing to invest in the stock market, where returns are more volatile. With regard to the education gap, college graduates tend to think that the stock market is more rewarding than the housing market and cite \"managing rental properties is time consuming\" as one of the reasons to choose the stock market.</p><p>We also note that in the October 2020 survey, these gender and educational gaps narrowed significantly due to temporarily reduced real estate preferences among women and non-college graduates. In future research, we intend to examine the factors behind the gender and education gaps and why they temporarily reduced their preference for the housing market during the pandemic.</p><p><img src=\"https://static.tigerbbs.com/6f2d9bb4a87ab766c9b9efd11c4e9187\" tg-width=\"500\" tg-height=\"435\" referrerpolicy=\"no-referrer\"></p><p><h3><b>Reasons for choosing housing</b></h3>When it comes to reasons for choosing a home, the chart below shows the percentage of various reasons respondents recommend choosing to buy a first home rather than investing in the stock market. Respondents can choose multiple reasons. It can be seen that the proportion of choices for each reason is very reasonable. \"Ideal and stable living environment\" and \"less volatility in house prices\" are the most common reasons. Compared to the 2020 answer,<b>More respondents opted for higher housing returns and less volatility in 2021</b>While fewer survey respondents chose other reasons, including, for example, rent savings, stability, locking in housing costs, effective means of saving, etc.</p><p><img src=\"https://static.tigerbbs.com/7b5e4a78e93e5b919a8ccf14824ba5c6\" tg-width=\"500\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p><p><h3><b>conclusion</b></h3>Real estate is an important asset class for middle-class families. Surveys conducted before and during the pandemic have shown that investors see housing, including rental properties and owner-occupied homes, as a good investment relative to the stock market. There are important differences in housing preferences among different populations, with women and non-college graduates preferring housing. More households are citing higher returns and lower volatility as reasons to enter the housing market now than before the pandemic.</p><p><i>This article is translated from the New York Fed's recent \"</i><b><i>Do People View Housing as a Good Investment and Why?</i></b><i>》, Andrew Haughwout, Haoyang Liu, Dean Parker, and Xiaohan Zhang</i></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.gelonghui.com/p/460858\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b88e2fdae8e5bd88881023c7c82026ea","relate_stocks":{"09979":"绿城管理控股"},"source_url":"http://www.gelonghui.com/p/460858","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2128537854","content_text":"疫情冲击下居民储蓄大幅增加几乎是全球面临的共同问题。除了消费外，如何合理进行投资布局？纽约联储的这篇报告可能给我一些线索。美国房地产的部分数据在今年第一季度有所放缓，但从微观层面来看，我们不妨乐观一点。\n正文\n住房是大多数家庭拥有的最大额资产，并且是财富积累的主要手段，对于中产阶级尤其如此。然而，对于家庭如何看待和比较房地产投资和金融投资我们了解很有限，这部分是因为它们的差异超出了常见的风险和收益标准。一方面，住房是家庭加杠杆的重要来源，同时也是可靠的储蓄保值工具。自住住宅还可以为住房成本上涨提供稳定性和有效对冲。另一方面，住房的流动性远低于金融资产，并且需要更多的时间来管理。\n在这篇文章中，我们使用来自刚刚发布的SCE住房调查的数据来回答有关家庭如何看待房地产的几个相关问题：与金融资产（例如股票）相比，家庭是否将住房视为一种良好的投资选择？不同人群是否对住房投资的偏好存在差异？家庭选择房市还是股市时会考虑哪些因素？\n调查数据的设计\nSCE住房调查中最近推出一项新调查，针对性调研住户对房地产和股市的偏好及背后的原因。在调查中，受访者将在假想自己为本地区一对30多岁的夫妇提供理财建议：买房子还是买股票，这对夫妇正好刚获得一笔可以足额支付购房预付款的馈赠资金。问题有两种场景：一种是问这对年轻夫妇是购买自住住宅还是投资于股票市场，另一种是假设这对夫妇已经拥有住房，他们是该投资租赁地产还是股票。\n每个受访者随机回答上述某一问题。在给出建议后，受访者还需从一系列因素中选择作出该项建议的理由，这些因素包括股票收益更高，房地产收益波动更小，是不是可靠的储蓄保值工具等，或者也可以提供自己的理由。这一调查分别在2020年2月（主要是在美国COVID-19爆发之前），2020年10月和2021年2月进行，结果报告如下：\n住房是一种很好的投资\n下表列出了不同阶段房市股市理财建议的结果分布情况。一般而言，与股市相比，家庭普遍认为住房是一种好的投资。当被问及是投资租赁房地产还是投资股市时，超过50%的调查家庭都推荐了住房。在首套住宅与股票的选择场景中，超过90%的受访者选择住房，对住房的偏好更为强烈。\n一个有趣的发现是，人们对房地产的偏好在2020年10月有所下降，到2021年2月又回到了疫情前的水平。通过考察这些选择的理由，我们发现2020年10月，这种从房地产偏好的转变并不是由较低的房价预期推动，而是反映了其他原因。例如，投资者更担心空置出租房屋的风险。对于购买自住住宅，疫情爆发后调查对象更少在意自住住宅提供的稳定性，这可能是因为担心无法支付抵押贷款导致在当前房屋中居住的期限会缩短。\n\n\n不同人群看待房地产投资有什么差异？\n接下来我们研究了不同人群对房地产投资的看法差异。影响问卷回答的两个重要因素是性别和教育。在这一分析中，我们将重点放在租赁住房与股票的比较上。下一张图表显示，女性和非大学毕业生比其他人更青睐住房。\n对于性别差异，部分解释是在我们的样本中，男性比女性更愿意承担风险，更愿意投资股市，因为股市的回报率波动性更大。对于教育差距，大学毕业生倾向于认为股市的回报高于住房市场，并将“管理租赁房产耗时”作为选择股市的理由之一。\n我们还注意到，在2020年10月的调查中，由于女性和非大学毕业生暂时降低对房地产的偏好，这些性别和教育方面的差距大大缩小。在未来的研究中，我们打算研究性别和教育差距背后的因素，以及为什么他们在疫情爆发期间暂时降低对房市的青睐。\n\n选择住房的原因\n谈到选择住房的原因，下图显示了受访者推荐选择购买首套住宅而不是投资股市的各个原因的比例。受访者可以选择多个原因。可以看到每个理由的选择比例都很合理。\"理想稳定的生活环境 \"和 \"房价波动较小 \"是最常见的原因。与2020年的回答相比，2021年有更多的调查对象选择了更高的住房回报、波动性较小这两个原因，而选择其他原因的调查对象则较少，包括例如节省租金、稳定、锁定住房成本、有效的储蓄手段等。\n\n结论\n房地产是中产阶级家庭的重要资产类别。疫情爆发前和期间进行的调查表明，相对于股票市场而言，投资者认为住房（包括租赁房产和自住住宅）是一项良好的投资。不同人群对住房的偏好存在重要差异，女性和非大学毕业生更偏好住房。与疫情爆发前相比，现在有更多的家庭将较高的回报和较低的波动性作为进入房市的理由。\n本文译自纽约联储近日发表的《Do People View Housing as a Good Investment and Why?》，Andrew Haughwout, Haoyang Liu, Dean Parker, and Xiaohan Zhang","news_type":1,"symbols_score_info":{"09979":0.9}},"isVote":1,"tweetType":1,"viewCount":4048,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140364044,"gmtCreate":1625630782588,"gmtModify":1703745294333,"author":{"id":"3574844095863997","authorId":"3574844095863997","name":"HHYFHHSF","avatar":"https://static.tigerbbs.com/792480317c9c350a1fb4676d7885126d","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574844095863997","idStr":"3574844095863997"},"themes":[],"title":"","htmlText":"OK","listText":"OK","text":"OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140364044","repostId":"2149360103","repostType":4,"isVote":1,"tweetType":1,"viewCount":2653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
