Group 1 - The core viewpoint of the article highlights that the real estate market in China has entered a long-term adjustment phase, with prices declining significantly since 2022, aligning with Jack Ma's earlier prediction that housing prices would become very affordable [3][4][8] - As of September, the average price of second-hand residential properties in 100 cities was 13,381 yuan per square meter, reflecting a year-on-year decrease of 7.38%, marking 41 consecutive months of month-on-month price declines [3] - In many third and fourth-tier cities, housing prices have dropped to levels where a home can be purchased for tens of thousands to over a hundred thousand yuan, indicating a shift towards affordability [3][4] Group 2 - The article discusses the rising risks in the investment landscape, particularly as bank deposit rates have fallen from 3.05% to 1.55%, prompting individuals to withdraw savings for investment and entrepreneurship [4][6] - Despite various government policies aimed at stabilizing the real estate market, such as lowering mortgage rates and taxes, the article suggests that these measures may only temporarily slow down the price decline rather than reverse the overall downward trend [6][8] - The article warns that the probability of success in entrepreneurship is currently low due to factors such as intense competition, rising operational costs, and a shrinking consumer demand, which has led to a cautious approach to spending among consumers [10]

Group 1: Real Estate Market Trends - The prediction made by Jack Ma in 2017 about future housing prices being as low as "scallions" has come true, with average national housing prices now down over 30% [1][3] - Cities like Zhengzhou, Tianjin, and Shijiazhuang have seen significant price declines, followed by major cities like Shanghai and Shenzhen [3] - Prices in lower-tier cities have dropped to levels around 3,000 to 4,000 yuan per square meter, aligning with Ma's prediction [3] Group 2: Investment Risks - Investment risks are rising across various sectors, including real estate, stocks, funds, and bank products, as bank deposit rates hit historical lows [4][8] - The average loss for stock investors in 2024 is projected to be around 140,000 yuan, with public funds experiencing average losses of 20-30% [8] - The risk associated with bank wealth management products is increasing due to declining money market yields and rising bond market risks [8] Group 3: Entrepreneurship Challenges - Many individuals are withdrawing savings to invest in entrepreneurship, but the success rate is extremely low, described as "nine deaths and one life" [10] - Consumer behavior has shifted towards more rational spending post-pandemic, leading to a long-term oversupply in the market [12] - High rental costs for commercial spaces and intense competition from established companies further diminish the chances of entrepreneurial success [14]