今明两年，持有“多套房”的家庭，将不得不面对“3大问题”

Core Insights - The article discusses the challenges faced by homeowners with multiple properties in the current real estate market, highlighting a significant shift in market dynamics and psychological expectations regarding property investment [2][4][9]. Group 1: Market Dynamics - The number of second-hand homes listed for sale has exceeded 7.3 million nationwide, with cities like Baicheng experiencing a year-on-year price drop of over 7% [2]. - The supply of second-hand homes has surged while demand has rapidly declined, with listings in Shanghai's outer ring increasing by 42% year-on-year and over 60% of discounted listings in Hangzhou's Qianjiang Century City area [4]. - The demographic shift in homebuyers, particularly the decline in the number of younger buyers (90s and 00s) compared to older generations, is contributing to the oversupply of properties [4]. Group 2: Financial Pressures - Homeowners are facing increasing holding costs, with property taxes and other expenses rising, leading to significant cash flow pressures [7]. - For example, the annual holding cost for a second property valued at 2 million yuan has increased from 3,000 yuan to 42,000 yuan due to new tax regulations and rising property management fees [7]. - Many families are experiencing reduced incomes and job losses, making it difficult to manage high mortgage payments alongside increasing living costs [7]. Group 3: Psychological Impact - The perception of real estate as a guaranteed investment has shifted, with many homeowners now viewing their properties as financial burdens rather than assets [9][10]. - The myth of real estate being a surefire way to accumulate wealth has been challenged, leading to increased anxiety among property owners as they face potential negative equity [10]. - Younger generations are increasingly prioritizing quality of life over property ownership, opting for renting instead of taking on long-term mortgage debt [10]. Group 4: Strategies for Homeowners - Homeowners are advised to adjust their mindset regarding property ownership, recognizing the risks associated with viewing real estate as a wealth symbol [12]. - It is recommended to retain high-quality properties in prime locations while considering selling off less desirable assets to mitigate losses [12]. - Exploring rental options to cover holding costs is suggested, particularly for properties in core urban areas, while offloading underperforming assets may be a more prudent choice [12]. Group 5: Broader Implications - Approximately 45% of urban households own two or more properties, reflecting a widespread struggle with the current market conditions [14]. - The real estate market is transitioning from a speculative environment to one requiring professional management, emphasizing the importance of understanding holding costs, liquidity, and potential for appreciation [14].