越来越多的人，难以忍受房价下跌了！

Core Viewpoint - The decline in housing prices in China, which has dropped by 30%-40%, has not resulted in improved living conditions for ordinary people, nor has it led to advancements in high-tech industries or increased birth rates [1][2]. Group 1: Impact on Different Social Classes - The poor are not interested in buying homes in first and second-tier cities and are primarily focused on securing basic jobs to afford necessities. The decline in housing prices has led to reduced local government revenues, resulting in increased costs for basic utilities, negatively impacting the poor [2]. - The middle class has suffered significantly due to asset depreciation from falling housing prices while still being burdened with mortgage repayments. Their income is decreasing, leading to a focus on saving, which has contributed to a massive savings pool of 162 trillion yuan in China [2]. - Wealthy individuals are engaging in global asset allocation, setting up trusts in places like Hong Kong and Singapore. With domestic asset values declining, they are leveraging low-interest rates to borrow from banks, benefiting from high-yield assets abroad, thus potentially profiting from the current crisis [2]. Group 2: Overall Economic Implications - The narrative suggests that rising housing prices historically benefited the middle and lower classes, while falling prices seem to favor the wealthy. The past three years have illustrated this dynamic, indicating that the best scenario for the majority is a moderate increase in housing prices rather than drastic fluctuations [3]. - The real estate market has stabilized after a year of decline, prompting discussions about future price trends and public sentiment regarding potential further declines [3].