Abstract：According to empirical analysis to Chinese real estate market， this paper finds that the market has fractal feature and exists a kind of linear relation between house prices and rent. Under the premise of it， we use the real option theory to estimate investing earnings， then build the renting-selling conversion model and solve model by the stopping time and numerical simulation method， get the prices feasible sector of investors making renting-selling conversion decision. By analysing qualitatively the influence of Hurst exponent， growth rate of house prices， volatility， investment horizon and risk-free interest rate to feasible section of house prices， we draw a conclusion. In the end， this paper utilizes the conclusion to make periodic research to the market of second-hand residential real estate in Beijing and dissects a series of macro-control policy that the government made for the real estate market reversely .
吴 迪,郭思培,何 穗. 基于个人投资视角反观房地产市场的宏观调控[J]. 华中师范大学学报(自然科学版), 2017, 51(6): 736-746.
WU Di,GUO Sipei,HE Sui. Review macro-control of the real estate market based on the view of personal investment. journal1, 2017, 51(6): 736-746.
2017, Vol. 51 
