为何死扛房价不降？曹德旺一语道破，4大麻烦，一个比一个棘手

Group 1 - The domestic real estate market is experiencing significant adjustments, with average housing prices dropping from a peak of 11,000 yuan per square meter to 9,560 yuan by June, a decline of over 15% [1] - In the first half of this year, real estate companies saw a substantial year-on-year sales drop of 47%, indicating a challenging market environment [1] - Despite the overall decline, average housing prices in 60 key cities reached 17,593 yuan per square meter in August, with first-tier cities like Beijing, Shanghai, and Shenzhen exceeding 65,000 yuan per square meter, showing persistent high prices [3] Group 2 - Key stakeholders resisting price declines include existing homeowners, local governments, and banks, each fearing negative repercussions from falling prices [5][6] - Local governments often implement policies like "price stabilization orders" to maintain housing market stability due to the potential negative impact on the local economy [5] - Banks are concerned that falling prices could lead to a significant reduction in mortgage business and potential defaults, resulting in a backlog of unsold properties [5] Group 3 - High housing prices severely weaken consumer purchasing power, with many families allocating over 40% of their income to mortgage repayments, limiting their ability to spend [7] - The high cost of housing contributes to a declining birth rate, as young people struggle to afford housing and family planning, with studies indicating a 1.5% drop in birth rates for every 10% increase in housing prices [7] - The real estate market's profitability attracts capital away from the real economy, risking its hollowing out and leading to increased rental costs for commercial properties, which diminishes business profitability [7] Group 4 - High housing prices hinder urbanization efforts and exacerbate the wealth gap between urban and rural populations, as many rural residents are deterred from moving to cities due to high costs [8] - The urbanization rate in China stands at 64%, but high housing prices prevent rural populations from relocating, while urban residents see their wealth grow, widening the disparity [8]