手握两套住房，今明两年之间，将不得不面对3大麻烦！速看

Core Viewpoint - The real estate market is facing significant challenges due to a combination of declining property prices, employment pressures, and policy changes, leading to liquidity issues for families with multiple properties and increased holding costs [1] Group 1: Second-Hand Housing Market - The second-hand housing market is experiencing an oversupply, with transaction cycles extending beyond three months due to high inventory levels, such as 200,000 units in Suzhou [3] - Major cities like Beijing and Shanghai have seen a surge in second-hand listings, with some cities' total listings nearing the sum of the past five years, resulting in intense price competition among sellers [3] - Homeowners are facing psychological stress from price discrepancies, as illustrated by a case where a seller had to reduce the price by 300,000 yuan to sell a property after a year on the market [3] Group 2: New Housing Market Impact - The new housing market is further squeezing the second-hand market, as buyers prefer new homes due to better price and quality, leading to stagnant demand for older properties [5] - The expansion of property tax trials to 15 cities by the end of 2024 raises concerns for families with multiple properties, potentially increasing annual holding costs significantly [5] - Rising fixed costs such as property management fees are compounding the financial burden on homeowners, with average annual fees in major cities exceeding 5,000 yuan [5] Group 3: Rental Market Dynamics - Rental yields are insufficient to cover mortgage payments, with national rental returns dropping below 2%, which is lower than mortgage rates [7] - The rental market is shifting, with an increase in affordable housing and brand-name rental apartments capturing market share, leading to longer vacancy periods for individual landlords [9] - Regulatory measures are increasing landlords' responsibilities, further constraining their profit margins, as seen in cities like Beijing and Shanghai [9] Group 4: Asset Optimization Strategies - In response to liquidity crises, families are optimizing asset allocations by selling off underperforming properties and retaining those in prime locations [11] - Local governments are exploring solutions to reduce vacancy rates, such as property management services and expedited transaction processes [11] - There is a psychological shift among property owners, moving away from speculative buying to a focus on long-term rental stability and diversified investments [12]