Abstract: High price of house has become the bottleneck in China’s urbanization,which not only influences the healthy economic development,but also intensifies social conflicts and even threatens social stability.However,due to the strong resistance of interest groups,systematic reform is hard to start,making price regulation of real estate a deadlock.Only with gradual systematic reform,starting with the acknowledgement of houses with limited property right,can we break the deadlock of price regulation of real estate.Further,we can gradually lower house price in a stable society,break the bottleneck in China’s urbanization and pave the way for the sustainable development of China’s modernization.

Key words: high price of house, urbanization, bottleneck, house with limited property right, breakthrough