#长文创作激励计划#
In recent years, the state has made a big move, that is, to regulate the property market, and do not allow practitioners to continue to raise housing prices.
Real estate suddenly lost its glory, and then the epidemic came violently, causing real estate to worsen.
After the epidemic, everything returned to normal, but after the impact of the epidemic, the economic slowdown.
In order to save labor costs, many companies are constantly laying off employees, and many people are facing the risk of unemployment.
What's worse is that it is more difficult to make money now than before the epidemic, people have less and less savings in their hands, and they are afraid to buy houses easily, and the development of real estate is affected again.
In order to increase the sales of houses, real estate practitioners in some areas have been constantly reducing prices and selling them, and house prices are now decreasing year by year, and even real estate tycoons such as Li Ka-shing and Wang Jianlin are selling their properties at discounts.
Obviously, falling house prices have now become the norm, and this state of affairs is likely to continue for some time to come.
However, it is also dangerous for house prices to continue to plummet. Because if it falls any further, something will happen, and the middle class will also return to poverty, is this really the case?
First, housing prices in many areas are falling
Housing prices in the country have been rising like crazy for years. At that time, the state also allowed developers to inflate housing prices, after all, this was conducive to the rapid development of real estate.
Since houses are just needed by Chinese, no matter how expensive the price is, ordinary people must also rush to buy houses.
If you can't afford to buy a house in full, you choose to take out a loan to buy a house, as long as the house is in hand, and then slowly repay the mortgage.
At that time, it could be said that it was difficult to find a house, especially a good house, if you went late, you couldn't grab it.
Once upon a time, house prices suddenly stopped rising and started to drop in price. The main reason for this is that the state prohibits the continued increase in housing prices, and the phenomenon of speculation disappears instantly.
Now that the country has spoken, it means that the era of rising housing prices has become history, and housing prices will only be lower in the future.
During the pandemic, house prices were on a downward trend. After the epidemic, housing prices are still falling. Houses that once numbered millions have now dropped by hundreds of thousands.
Dear readers, the author's income is so meager that he had to include a short 5-second ad in the text, and you can read the full text for free by watching it. I know it might be a little intimidating, but it does help me increase my income and keep writing. Your understanding is my biggest motivation! I'll try to bring more quality content!
In recent years, Wang Jianlin has been seizing the time to deal with the house in his hand and try to make himself lose as little as possible.
In the past, Wang Jianlin once said categorically that Wanda Plaza is his most important asset, and he will not touch them no matter what.
Wanda Plaza can be called Wang Jianlin's heart, but as the environment becomes more and more severe, these heart's meat has now begun to be sold by Wang Jianlin.
Now the housing prices in many areas are getting lower and lower, and it stands to reason that the housing prices are getting lower and lower, and the people's enthusiasm for buying houses should be higher and higher, and the houses will be better and better to sell.
However, no, no matter how housing prices are reduced, many people seem to be indifferent.
If housing prices were so low before the epidemic, people would have been ecstatic, after all, everyone had a lot of savings at that time.
Nowadays, everyone's savings are not much, even if they want to buy a house, they are powerless, and the price reduction in those good locations is not obvious.
Second, if it falls again, something may happen?
The collapse of housing prices is a good thing for ordinary people. But if housing prices continue to fall, something big will happen, and the middle class will also be hit hard, why?
Middle-class families attached great importance to their own houses, and when real estate was booming, middle-class families with strong financial resources also took the initiative to jump into the army of buyers.
And these families may not just buy one house, but families who buy 2 or 3 or even more homes abound. This also shows that the house is a valuable asset for these middle-class families.
It is understood that at present, about 41.5% of families in the mainland have bought two or more houses.
When these families bought a house, the economic environment was very good, it was easy to make money, and they didn't have any pressure, even if they paid off the mortgage for multiple homes in a month.
Unexpectedly, the economy is in a downturn, it is very difficult to make money, and many people are even facing the risk of losing their jobs.
Against this backdrop, these middle-class families have also been affected, and their repayment pressure has increased significantly, after all, even they are now struggling to earn money and have fewer savings.
What makes them even more distressed is that the houses they once spent a lot of money on are now depreciating.
You must know that the reason why they buy these houses is to increase the value, and only when the price of the house keeps rising, they can see the right time to sell it.
These houses are a cash cow for middle-class families, who are counting on their houses to make a fortune.
If house prices continue to fall, middle-class households' assets will continue to shrink and become poorer, making them reluctant to spend and invest more.
You must know that the middle class is the main consumer force in modern society, and if their enthusiasm for consumption is reduced, it will affect the economic activities of the society, and the economic development of the country will of course also have an impact.
Third, continuing to fall will cause a chain reaction
A prolonged decline in house prices will also cause a ripple effect. In other words, it is not only the middle class that will be affected, but also many industries that will not have a good life and will be hit hard.
Needless to say, developers are of course the most affected.
After all, they invested in the construction of a house, hoping to sell it at a good price, but they didn't expect the price to fall again and again, and the loss was naturally great.
In order to further alleviate the pressure and reduce labor costs, developers can only reduce employee salaries or continue to lay off employees. In this way, many people will lose their jobs, or the unemployment rate will increase, and the impact on the whole society will not be small.
In addition, developers have had to choose to abandon some new construction projects.
Because many of the buildings that were originally built were smashed in their hands and could not be sold, of course, there was no more money to build new buildings.
Li Ka-shing can be called a leader in the mainland real estate industry and is known as "Li Superman". He used to make a fortune on real estate and quickly transformed into a wealthy man on the mainland.
However, in recent years, domestic real estate has been in a downturn, and even this Li Chaoren has long ceased to regard real estate as his main business, but has done a lot of industries.
After the state introduced relevant policies to save the property market, Li Ka-shing also sold Hong Kong real estate, which caused some sensation in the industry.
After entering July, Li Ka-shing continued to sell the company's houses at a reduced price, such as his sale of a property in Dongguan at a reduced price.
Li Ka-shing is a bellwether for real estate, and if even he keeps selling houses at lower prices, it means that the decline in house prices will continue for a long time.
If developers don't plan to build more new homes, construction workers won't be able to find jobs and they may be forced to change careers or make a living. Obviously, house prices have been falling, and the construction industry has also been greatly impacted.
Renovation companies will also be affected, as they themselves make money from renovating new houses, which is their source of income. If there is no business to do, they cannot make a profit, and there is a high possibility that they will eventually go out of business.
Against the backdrop of falling house prices, banks may also be in crisis as their mortgage business decreases.
In the past, when house sales were booming, many people couldn't buy a house in full, and if they wanted to buy a house of their own, they could only go to the bank for a loan to buy a house.
At that time, there was an endless stream of people who came to the bank to take out loans to buy houses, and the bank's loan business volume continued to increase.
Because of this, banks can also gain more benefits and grow better, after all, banks also need to be profitable to survive.
However, once the mortgage business is reduced, the bank's income will of course be greatly affected, and the number of people who will take out loans to buy houses will only become smaller and smaller.
Many people may not have expected that the continuous decline in housing prices can affect so many industries, which really responds to the sentence: "The fire at the city gate will affect the pond fish." ”
People generally simply think that the decline in housing prices is mainly affecting developers, but this is not the case.
Fourth, it is important for housing prices to remain stable
The state has banned property speculation, but some people still seem to have a glimmer of hope and wait for housing prices to rise, which is an unrealistic idea and should be looked forward.
Of course, housing prices can't keep falling, otherwise the harm will be great, in addition to buyers and developers, there are also many industries such as the middle class will also be affected to varying degrees, and the consequences are unimaginable.
As the saying goes, "the extreme of things must be reversed", when something reaches the limit, it will have a bad impact, and the housing price is getting lower and lower is going to an extreme.
Since prices continue to fall, which is not a good thing, what should be done? Of course, it is important to keep house prices stable, so that these crises can be avoided as much as possible.
The state must also be well aware of the dangers of falling housing prices, and when the time comes, it will do its best to stabilize housing prices.
In short, it is not good for housing prices to be too high or too low, and it is best to maintain stability. We are also looking forward to the day when house prices will stabilize.
epilogue
For a long time, domestic housing prices have been rising constantly, showing a situation of increasing year by year. In recent years, house prices have been declining year by year.
This is what buyers want to see, as they can spend less money on future purchases. However, it is a heavy blow for real estate practitioners. Their house sales are decreasing, and development is struggling.
In fact, housing prices can't fall anymore, because if they fall any longer, something big will happen, and the middle class will also return to poverty.
After all, the middle class has many houses in their hands, and these are also their assets. Housing prices are getting lower and lower, and these assets of theirs will shrink severely.
Housing prices have fallen, and in addition to the middle class, many industries such as construction and banking will also be affected. It is better for house prices to remain stable, neither falling nor rising, only in this way can a crisis be avoided.
What do you think about the dangers of falling house prices? Welcome to the comment area to discuss.
This is the end of the article, friends who like this article can forward, like and support us!
Resources:
Dr. Liu Finance 2024-01-22 "Why can't housing prices fall anymore, because if they fall again, something big will happen, and the middle class will also return to poverty"
Brother Xiao Ma Says Things 2024-06-11 "If housing prices continue to fall, 70% of families will have to face these three major risks"
Zhang Jiuyi 2024-07-02 "If the property market continues to decline, there may be 4 "evil consequences", everyone stay vigilant"