The influence of digital currency on house price
for example, if RMB with a face value of 500 is issued, will it affect house price?
Digital money drives economic consumption. People have no concept of money, only material needs. At the same time, digitization facilitates people's communication
In 2020, RMB will depreciate faster than the US dollar, especially in recent days. The depreciation of RMB will certainly have an impact on people's life and house prices. What are the specific impacts
US dollar RMB middle price
according to the trend chart of US dollar RMB middle price, since entering 2020, RMB has indeed continued to depreciate, and the specific trend is as follows
However, if domestic hot money also joins the ranks of house cash out, a large number of houses will be released, and the relationship between supply and demand of real estate will be changed, which will only catalyze the speed of domestic house price rectiontherefore, the depreciation of RMB actually has little impact on house prices. What has a great impact is that it can change the relationship between supply and demand of houses. Only when the relationship between supply and demand changes can it directly affect house prices. As for the depreciation of the RMB will lead to rising or falling house prices is not absolute, according to the supply and demand of the house to decide
summary and analysis
with the devaluation of RMB, the price rises, the cost of overseas investment increases, various costs increase, and the pressure of life increases. At the same time, it will change the relationship between supply and demand of real estate, thus affecting the house price
in short, the depreciation of RMB will cause a lot of effects, which can only be said to have different effects on different things
first, liquidity effect
the devaluation of RMB will rece the profit margin of speculative capital, promote the outflow of capital, cause the shortage of domestic funds flowing to the real estate instry, and then change the current relationship between supply and demand of real estate. Under the condition that the total supply of real estate remains unchanged, e to the lack of funds and demand support, the impulse of real estate price rise will be restrained< Second, reverse wealth effect
the devaluation of RMB will cause the price of imported goods to rise, which will lead to the decrease of imports, the rise of domestic commodity prices, the lack of social purchasing power, the sluggish consumption demand of real estate, and finally the downward pressure on house prices< Thirdly, substitution effect
under the devaluation of RMB, the government will intervene in the market to maintain the stability of the exchange rate, for example, by purchasing RMB and releasing US dollars to boost the exchange rate of RMB, which will lead to insufficient liquidity and restrain the rise of real estate prices
so through the above analysis, we can find that the depreciation of the RMB and the fall of the RMB exchange rate will strengthen the callback of the real estate price in the oversupply stage of the real estate market, which will help to break the market expectations of the unilateral rise of the real estate market and avoid further accumulation of the real estate bubble, which is beneficial to the healthy development of the real estate instry's release of risks.
① fixed rigid joint. A rigid arm is added to the joint o to control the rotation, and the fixed end bending moment proced by the load and the constraint moment of the joint are calculated respectively
2. Relax the rigid joint. Cancel the non-existent rigid arm, let the node rotate, and calculate the distribution moment of each bar according to the distribution coefficient of constraint moment, that is, the distribution coefficient X constraint moment (inverse sign) = distribution moment
③ transfer moment. According to the distribution torque and the transfer coefficient of each rod, the transfer torque is transferred to the far end of each rod. That is distribution bending moment x transfer coefficient = transfer bending moment. According to this rule, the distribution, transmission and repeated calculation are carried out until the value of rod end torque with sufficient accuracy is obtained. Finally, the end torque is equal to the sum of fixed end torque, distributed torque and transmitted torque
for rigid frames with lateral displacement, the method developed from moment distribution method can also be applied, such as single span rigid frame without shear force distribution method, moment distribution method with additional shear force balance equation, etc., but its application scope is limited or inconvenient, so iterative method is often used for general rigid frames with lateral displacement
for multi node moment distribution method (calculation of continuous beam and rigid frame without displacement measurement), all rigid nodes are fixed first, then the nodes are relaxed one by one, and the moment distribution of single node is carried out in turn.