再过5年，180万的房产大概值多少钱？孙宏斌与王健林说法一致

Core Viewpoint - The real estate market in China is experiencing a significant downturn, with property values declining and the previous perception of real estate as a guaranteed investment fading away [1][3][4]. Market Trends - Over the past two years, property prices have consistently dropped, leading to concerns about whether prices have reached their lowest point [1][3]. - The once booming real estate market, which was seen as a wealth generator, is now viewed as a burden for many families due to significant asset depreciation [3][4]. Supply and Demand Dynamics - There is a stark contrast in supply and demand, with over 110 million vacant homes in China and urban households averaging 1.5 homes each, indicating an oversupply situation [10][12]. - The previous anxiety of being pushed out of cities due to lack of housing is diminishing, as the population growth is slowing, with only 500,000 net new residents in 2021 [12][23]. Developer Challenges - Developers are facing a challenging environment with high debt levels and tight cash flow, forcing them to sell properties at discounted prices, which could lead to industry collapse if prices drop too significantly [14][23]. - The competitive landscape is shifting from quantity to quality, as developers must focus on delivering high-quality properties to attract buyers [14][16]. Changing Consumer Attitudes - Younger generations are increasingly rejecting the traditional view of homeownership as a necessity, preferring flexibility and personal growth over long-term financial commitments [19][25]. - The perception of real estate as a status symbol is eroding, with many now questioning the value of investing in property given the current market conditions [21][25]. Future Outlook - Industry leaders predict that the real estate market cannot sustain its previous growth patterns indefinitely, with calls for a return to the fundamental purpose of housing as a living space rather than an investment vehicle [23][25]. - The introduction of property taxes by 2030 is anticipated to further alter the cost dynamics for multiple property owners, impacting market behavior [8][12].