房价一旦全面下跌，或将带来这4大问题，普通人根本承受不起

Core Viewpoint - The article discusses the complexities and potential negative impacts of a nationwide decline in housing prices, despite the initial perception that lower prices may benefit homebuyers [1][6]. Economic Impact - A significant decrease in housing prices could lead to a reduction in construction activity, with orders for building materials down nearly 30% compared to the previous year [2]. - Local governments heavily rely on land transfer fees, which constitute a substantial portion of their budgets. A drop in housing prices would decrease land values, thereby reducing local fiscal revenues and impacting public services [2]. - The overall economic impact of falling housing prices could be more severe than anticipated, affecting various sectors tied to real estate [4]. Market Confidence - A decline in housing prices may erode market confidence, leading to a self-reinforcing cycle where expectations of further declines deter potential buyers, exacerbating the situation [2][6]. - Consumer confidence is crucial, as fluctuations in housing prices directly affect household wealth perception, influencing overall consumer spending [2]. Banking Sector - Banks may tighten lending policies in response to falling housing prices, raising the barriers for potential homebuyers due to increased risk associated with lower collateral values [3][7]. - Stricter loan approval processes could make it more challenging for individuals to secure mortgages, further complicating the home-buying landscape [7]. Social Stability - A significant drop in housing prices could lead to many homeowners facing negative equity, where their mortgage debt exceeds the value of their homes, creating psychological and financial distress [6]. - The potential for increased defaults on mortgages could pose a substantial risk to the banking system and affect individuals' credit histories [6]. Developer Challenges - Developers may experience reduced profit margins due to falling prices, leading to a decrease in new project investments and a subsequent reduction in available housing supply [9]. - The decline in housing prices could also negatively impact the second-hand housing market, as current homeowners may choose to hold onto their properties in hopes of price recovery, reducing market liquidity [9]. Conclusion - The article emphasizes the need for stable housing prices that align with economic growth and income levels to ensure a healthy real estate market, avoiding extremes of both rapid price increases and significant declines [9].