房子不卖了，就算烂掉也不卖了！180万的房子，就值108万？凭什么

Core Insights - The article highlights the severe challenges faced by the real estate market, exemplified by the story of Meng Mei, who is forced to sell her home due to financial difficulties stemming from her husband's business failure and the broader market downturn [1][3][4]. Market Conditions - The current real estate market is characterized by an oversupply, with over 7.6 billion square meters of new housing stock expected by August 2025, an increase of over 10 million square meters from the previous year [4]. - There is a significant decline in property values, with Meng Mei's home dropping from an estimated value of 240 million to just 108 million, reflecting a more than 50% decrease [4][5]. Buyer-Seller Dynamics - The market is currently a buyer's market, where the number of sellers exceeds buyers, leading to downward pressure on prices [5]. - Homeowners like Meng Mei are often in a vulnerable position, having invested significant emotional and financial resources into their properties, only to face harsh market realities [4][5]. Government Response - Despite various government initiatives aimed at stimulating the housing market, the effectiveness of these measures has been limited, as buyer sentiment remains cautious and unresponsive to incentives [4].