“以房养老”的运作模式及风险分析

The Operation Mode and Risk Analysis of Reverse Mortgage

随着中国老龄化规模的增长、速度的加快,社会的养老压力有所增加,由此诞生了一系列新型的养老模式,"以房养老"便是其一。虽然我国大力推广,但是"以房养老"的大众接受度却不容乐观,截止到2015年8月,全国仅仅签下12单。除了政策的调整与完善,关注市场规律和资本的逐利性是寻求突破口的关键。因此本文结合理论发展、风险来源与风险流向进行分析,提出先整体后局部的解决方法,认为必须先从整体分析入手,寻求以房养老的突破口,才能对不同运作模式所面对的具体风险各个击破。

With the uninterrupted increasing of the size and speed of ageing in China,it’s hard for the society to hold all the pension pressure by itself. Reverse mortgage is one of the solutions. Although Chinese government has vigorously promoted it,the result was not so good. By August 2015,only 12 agreements had been signed. The policy needs some adjustment,besides,we cannot ignore the laws of the market and the nature of profit driven capital,which may be the real point where we can make a breakthrough. Therefore,this paper focused on the development of reverse mortgage,as well as the sources and the flow of risk. And then we proposed that the overall analysis was the real breakthrough. The acid test can’t be solved until the time when all kinds of risk are viewed comprehensively during the reverse- mortgage- process.