房价走向已定调！四大关键信号显现，别再自欺欺人说“稳了”！

Core Viewpoint - The real estate market in China is undergoing a significant downturn, with a shift from a previous belief in guaranteed profits to a reality of oversupply and declining demand, leading to a potential "clearing" phase in the market [1][2][4][6] Group 1: Market Conditions - As of now, there are approximately 600 million housing units in China, with an annual addition of over 14 million units, indicating a severe oversupply situation [2] - The vacancy rate in third and fourth-tier cities exceeds 20%, while first-tier cities are witnessing a lack of interest in older properties despite new developments continuing [2][4] - The disparity between housing prices and income has reached alarming levels, with the price-to-income ratio in first-tier cities often exceeding 20 times, compared to a reasonable international standard of 3-6 times [4][6] Group 2: Demographic Trends - The declining marriage and birth rates are contributing to reduced housing demand, as younger generations show less interest in purchasing homes due to changing life priorities [4][6] - The traditional support system for home purchases, relying on multiple family incomes, is weakening as these financial resources become less available [4][6] Group 3: Market Sentiment - The previous expectation of rising housing prices has shifted to a fear of depreciation, causing both investors and first-time buyers to retreat from the market [6][8] - The current market is characterized by a lack of confidence, with many potential buyers fearing significant losses upon purchase [6] Group 4: Investment Strategies - The market is now viewed as a long-term consumption good rather than a wealth-generating asset, prompting a reevaluation of investment strategies [9] - Investors are encouraged to diversify their portfolios away from real estate into more flexible and stable assets, such as funds, bonds, and personal development [9]