房价下跌的“隐患”已经逐渐呈现，“万物升”的时代悄悄来临

Group 1 - The article discusses the concept of "whale fall" as a metaphor for the decline of the real estate market in China, contrasting it with the idea of rebirth and renewal in nature [1] - Over the past two decades, China's public service prices have been significantly lower than the international average, with electricity prices at less than 60% of the global average and water prices among the lowest in the world [1] - The decline in real estate sales is leading to reduced land auction revenues, which are a primary source of local government income, resulting in increased public service costs [1][3] Group 2 - The article highlights a significant drop in land sale revenues from 8.7 trillion yuan in 2021 to an expected 3 trillion yuan in 2024, indicating a loss of nearly 6 trillion yuan [3] - The transition from a subsidized public service model to a more market-driven approach is underway, suggesting that prices will become more transparent but also more expensive [4] - The expectation for a rebound in housing prices is unrealistic; instead, the focus is on achieving a "soft landing" for the real estate sector [4] Group 3 - The article emphasizes the need for individuals to rationally adjust their household budgets in response to rising costs in education, energy, and transportation [6] - It advises abandoning the belief that all properties will appreciate in value, as the increase in public service costs is expected to be a widespread trend [7] - The importance of monitoring the fiscal health of cities is highlighted, as only those with strong industries and stable tax revenues will be able to maintain quality public services [8]