LBX(SH:603883) Sou Hu Cai Jing·2025-10-11 16:55Core Viewpoint - The rapid development of the real estate market in Guangzhou during the early 1980s led to a significant increase in housing prices, adversely affecting low- and middle-income families who struggled to afford new homes [1][3][5] Group 1: Impact on Society - Many individuals became wealthy through real estate speculation, while others faced financial ruin, particularly affecting low- and middle-income families who remained in dilapidated housing [1] - The emotional toll on residents was evident, with many expressing despair over their inability to access new housing despite the city's growth [3] - The government's failure to address housing issues raised concerns about the overall purpose of urban development and the well-being of citizens [5] Group 2: Government Response - Guangzhou's mayor, Ye Xuanping, initiated investigations into the housing crisis, engaging with residents to understand their needs and concerns regarding housing affordability [3][5] - A consensus emerged among government officials that increasing the supply of affordable housing could help stabilize the market and lower prices for higher-end properties [5][7] - The government implemented measures to construct affordable housing and renovate old neighborhoods, leading to many citizens achieving their dream of homeownership [7][9] Group 3: Market Dynamics - The introduction of affordable housing policies garnered public support for Ye Xuanping, who was praised as a leader focused on the needs of the people [9][11] - However, these policies threatened the interests of real estate developers, leading to attempts to circumvent regulations and a slowdown in market activity [9] - The tension between economic growth and social welfare created challenges for the government, but Ye Xuanping remained committed to prioritizing housing for citizens [9][11] Group 4: Outcomes - The effective regulation of the housing market not only addressed the immediate housing crisis but also contributed to the long-term health of Guangzhou's real estate sector [11] - Ye Xuanping's leadership and policies earned him widespread acclaim from the public, reinforcing the importance of balancing development with social responsibility [11]