王石再次预测房价走势！前几次都很准，这一次大概率又是对的

Core Viewpoint - The real estate market is undergoing a significant adjustment, with predictions of a prolonged downturn lasting 3-5 years, as indicated by industry experts like Wang Shi and Li Ka-shing [4][8][12]. Group 1: Market Trends - The real estate market has been in decline since the end of 2021, with over three years of continuous adjustment observed [4]. - Wang Shi predicts that housing prices are unlikely to rebound quickly to previous highs, with expectations of "steady decline" until 2025 as the market digests excess [12]. - The market is expected to experience increased differentiation, with first-tier cities maintaining stable or slightly rising prices, while third and fourth-tier cities may continue to see downward pressure due to population decline and high inventory [15]. Group 2: Company Dynamics - Companies with high debt levels may face mergers, restructuring, or bankruptcy, while financially stable firms are more likely to survive the current market challenges [6]. - The real estate sector is heavily influenced by government policies, which are expected to provide support to stabilize the market, such as easing purchase restrictions and lowering mortgage rates [17]. Group 3: Investment Strategies - For individuals looking to buy homes for personal use, it is advised to proceed with purchases in core areas of first-tier cities, as these properties are expected to retain value better [20]. - Investors are encouraged to avoid excessive leverage and ensure that monthly mortgage payments do not exceed 30-40% of their income, while also maintaining sufficient liquidity to cover at least two years of payments [20]. - Those holding multiple properties should reassess their asset allocation, considering selling off lower-quality assets while retaining prime properties for rental income [22].