On this day 37 years ago, on January 15, 1988 (November 26, 1987 lunar calendar), the first national housing system reform work conference determined the idea of housing reform. On January 15, 1988, the first national housing system reform work conference was held in Beijing and ended on the 18th. Secretary-General of the State Council Chen Junsheng announced: Starting from this year, housing system reform will be officially included in the central and local reform plans and will be carried out in stages and batches across the country. The reform method of housing system is to realize the commercialization of housing. The basic idea is to raise rents, increase wages, and encourage employees to buy houses.