Abstract: To standardize the wealth accumulation mechanisms is of great significance for China to promote common prosperity in stages and achieve high-quality economic development. By analyzing the typical facts that housing wealth difference affects family wealth inequality and based on the theoretical logic of rising house prices, appreciation of housing wealth and increasing wealth inequality, this paper makes a study with the data of China Household Finance Survey (CHFS) from 2011 to 2019. The findings show that housing price imbalance will aggravate the wealth inequality within the same type of families and between different types of families, which will seriously worsen the wealth distribution pattern in China.The dual difference between family wealth accumulation motivation and housing price level is the core factor that causes wealth inequality within the same type of family, and the dual difference between the wealth effect of the rising housing price and the housing price level is the key cause of wealth differentiation among different types of families. The numerical simulation shows that such measures as reducing the income gap and the urban-rural gap, alleviating the top concentration of wealth, effectively controlling housing investment behaviors, and effectively reducing the pressure of purchasing consumer housing have positive effects on standardizing the income distribution order and the wealth accumulation mechanism and improving the wealth distribution pattern in China.

Key words: unbalanced housing prices, wealth accumulation mechanism, wealth inequality, numerical simulation