手持100万现金，该买房还是放银行？专家给出两点建议是否可行？

Core Insights - The Chinese real estate market is undergoing a significant "volume and price decline" adjustment, with 50 out of 70 major cities experiencing month-on-month price drops as of August, an increase from 40 cities in July [1] - The sales volume of new residential properties in 100 cities has plummeted by 44% year-on-year, totaling only 8.5 billion square meters in the first eight months of 2022 [3] - Local governments have implemented over 700 measures to stimulate the housing market, a significant increase of 280 measures compared to the previous year, but the effectiveness of these policies has been limited [3] Market Conditions - The sales area in first and second-tier cities has decreased by 37%, while third and fourth-tier cities have seen a 25% decline [3] - Major state-owned banks have collectively lowered deposit rates, with the three-year fixed deposit rate dropping by 15 basis points to a low of 2.6% [3] Expert Recommendations - Experts suggest that families with 1 million in cash should consider investing in core urban properties in first and second-tier cities for long-term appreciation potential [4] - For those with existing mortgage loans, experts recommend using cash to pay off loans to alleviate monthly repayment pressure [4] Critique of Expert Advice - The suggestion to purchase core urban properties is impractical given current market conditions, as 1 million may not even cover the down payment [6] - Many families with 1 million in cash likely already have low-interest mortgages, making the advice to pay off loans less relevant [6] Financial Strategy - Despite declining bank deposit rates, a conservative three-year fixed deposit can yield 26,000 annually at a 2.6% return, which is more stable compared to the risks of investing in real estate [8] - Maintaining cash reserves provides a safety net against uncertainties such as unemployment and health crises, allowing for more strategic investment decisions when the market stabilizes [8]