今明两年，持有“两套房”的家庭，不得不将面对“3大”麻烦！

Core Viewpoint - The article discusses the challenges faced by families with multiple properties in the current real estate downturn, highlighting their transition from being perceived as wealthy to experiencing negative asset situations due to falling property values and rising financial burdens [1]. Group 1: Challenges Faced by Multi-Property Families - The liquidity of real estate has significantly decreased, turning once profitable properties into burdens. For instance, a property in Beijing that was initially listed for 6.2 million yuan has seen its price drop to 5 million yuan without any buyers after eight months [4]. - The number of second-hand homes listed for sale has surged to over 2.58 million, a 25% increase from the previous year, with the average transaction time extending from 45 days to 97 days [4]. - Rental markets are also struggling, with properties in prime locations experiencing long vacancy periods despite significant rent reductions. For example, a two-bedroom apartment in Shanghai that used to rent for 12,000 yuan per month is now listed at 8,500 yuan but remains vacant for three months [5]. Group 2: Financial Strain and Debt Issues - Families with multiple properties are facing severe financial strain, with an average debt ratio of 72%. About 37% of these families spend over 60% of their income on mortgage payments, leaving little for daily expenses [6]. - The risk of mortgage defaults is rising, with a 60.7% year-on-year increase in foreclosed properties nationwide. In Shenzhen, cases of mortgage defaults have surged by 230% [6]. Group 3: Wealth Depreciation and Psychological Impact - The depreciation of property values has led to a significant psychological impact on multi-property families, who now feel less affluent compared to those without mortgage burdens. For instance, in January 2025, 64 out of 70 major cities in China saw a decline in housing prices, with Beijing's second-hand home prices dropping by 7.32% [7]. - Families without mortgage obligations are finding themselves in a more comfortable financial position, as illustrated by a couple who invested their down payment into financial products, yielding an annual return of 80,000 yuan while renting a modest apartment [7]. Group 4: Recommendations for Multi-Property Families - Families are advised to assess their property holdings critically and consider selling underperforming assets, even at a loss, to avoid ongoing financial drain. It is recommended that mortgage payments should not exceed 40% of household income [8]. - Staying informed about local policies related to urban renewal and tax incentives can provide opportunities for financial relief. For example, some cities are converting commercial properties into affordable housing, allowing for quicker capital recovery [8]. - A shift in mindset towards prioritizing cash flow over property ownership is essential, as the era of relying on real estate for passive income has ended. Maintaining liquidity and low debt levels is now more crucial than owning multiple properties [8].