明年开始，持有2套房产的人需做三个准备，很多人还没察觉到

Core Insights - The Chinese real estate market is experiencing a significant downturn, with a 13.1% year-on-year decline in sales for the top 100 real estate companies, totaling 52,977 billion yuan in the first ten months of the year [1] - The proportion of real estate in Chinese households' total assets is remarkably high at 77%, indicating a heavy reliance on property as a means of wealth preservation and appreciation [1] Group 1: Long-term Price Decline - Since the second half of 2021, the Chinese real estate market has entered an adjustment period due to slowing national income growth and ongoing regulatory policies, leading to price declines spreading from lower-tier cities to major cities like Beijing and Shanghai [6] - The myth that housing prices in first-tier cities would not decline has been broken, with future price trends likely to stabilize with a downward bias [6] Group 2: Increased Difficulty in Property Liquidation - There has been a significant increase in the number of second-hand homes listed for sale, with 1.99 million units in 13 key cities by June, a 25% increase since the beginning of the year [7] - This surge in listings reflects a pessimistic market outlook among speculators, indicating that substantial price reductions of 30% to 50% may be necessary to facilitate transactions [7] Group 3: Rising Holding Costs - Households with multiple properties face significantly higher monthly mortgage payments compared to those with a single property, exacerbated by income reductions and job losses post-pandemic [8] - Additional costs such as property management and heating fees are also increasing, adding to the financial burden on these households [8]