前北大教授姚洋和孟晓苏：为何房价还在下跌？凭什么不救三好生？

Core Viewpoint - The real estate market is currently in a critical adjustment phase, showing a positive long-term trend due to various supportive policies, but experiencing short-term declines [1] Group 1: Market Trends - In July, the average price of second-hand residential properties in 100 cities was 13,585 yuan per square meter, reflecting a month-on-month decrease of 0.77% and a year-on-year decrease of 7.32%, indicating an expanding downward trend [3] - Despite strong policy support, the market has shown signs of decline since June and July, raising questions about the effectiveness of these policies [3][5] Group 2: Expert Analysis - Experts like Yao Yang and Meng Xiaosu highlight that the real estate market's stabilization is challenging due to issues in policy execution, with many restrictive measures still in place [7] - Yao Yang emphasizes that the lack of consumer confidence stems from the struggles of even the best-performing real estate companies, which undermines public trust in purchasing homes [7] Group 3: Economic Factors - Meng Xiaosu points out that despite a high savings rate of 45% among Chinese residents, the perception of financial strain persists due to a significant loss in wealth from declining property values, estimated at 120 trillion yuan [9] - The disparity between savings and perceived financial security creates a psychological barrier for consumers, complicating the path to restoring confidence in the housing market [9]