未来5年，我们贬值最快的不是现金，而是这4样东西

Core Viewpoint - Concerns about cash devaluation are prevalent, but the fastest depreciating assets in the next five years may not be cash, but rather real estate, automobiles, luxury goods, and university degrees [1][3]. Group 1: Real Estate - Since 2022, the Chinese real estate market has entered a deep adjustment period, with average national housing prices down approximately 30% from historical highs, and some third and fourth-tier cities experiencing declines exceeding 60% [8]. - Future housing price trends will show divergence, with second and third-tier cities likely to see a slowdown in declines, while first-tier cities like Shanghai and Shenzhen may face further downward pressure to align prices with local income levels [9]. Group 2: Automobiles - By 2025, the automotive market is expected to see intensified price wars, with domestic mid-range cars dropping by 20,000 to 30,000 yuan and imported luxury brands decreasing by nearly 100,000 yuan [11]. - The second-hand car market is also affected, with significant depreciation observed; for instance, a car purchased for 260,000 yuan last year may only be worth 160,000 yuan now, indicating a 100,000 yuan drop in value [11]. Group 3: Luxury Goods - The global luxury goods consumer base has shrunk by 50 million over the past two years, with 65.9% of consumers actively reducing luxury purchases due to perceived low value for money [12]. - Economic downturns have led to a shift in consumer attitudes, with many middle-class individuals prioritizing practicality and cost-effectiveness over brand prestige, prompting brands like Gucci and Burberry to implement significant price reductions [12]. Group 4: University Degrees - The value of university degrees has rapidly depreciated due to the proliferation of higher education, with over 10 million graduates entering the job market annually, diminishing the degree's status as a key to high-income employment [12].