楼市的“逆火效应”：越救市越逆行

Group 1 - The core issue is the paradox of the real estate market where interventions intended to stabilize the market are leading to further declines, indicating a complex situation that experts struggle to clarify [2][4] - The government’s actions appear to prioritize local fiscal stability over genuine market recovery, as evidenced by rising land prices despite declining real estate metrics [3][6] - The reliance of local governments on land transfer fees creates a scenario where the real estate market cannot be allowed to fail, leading to continuous interventions that disrupt market signals [6][7] Group 2 - The measures taken to "rescue" the market are primarily aimed at sustaining local government revenues rather than addressing the needs of homebuyers or developers [7] - The phenomenon of "reverse fire effect" is highlighted, where attempts to stabilize the market result in further complications, as local governments cannot afford a downturn in real estate [6][7] - The ongoing land auctions and new construction projects contradict the need for market correction, suggesting a misalignment between policy objectives and market realities [3][6]