This article discusses how the pressure on the RMB’s exchange rate appreciation will be a long-term problem alongside the predicted long-term sustained growth of China’s GDP.We use empirical studies show that two factors，China’s housing prices and the exchange rate of the RMB.These two factors interact with each other.Meanwhile，the rapid growth of GDP and the exchange rate of the RMB appear to have significant effect on the housing bubbles in the Chinese markets.We aim to establish that resorting to governmental or administrative means to deal with housing-price bubbles are likely to be ineffectual efforts.Instead，the Chinese government should aim to help lower-income people with home-ownership，thereby ensuring a roof over their heads.As an illustration of successful and planned encouragement of low-income home-ownership，China should consider the past hundred years of the U.S.experience in dealing with housing markets，and identify both the strengths and weaknesses involved in increasing home-ownership for all classes.