7年前，苏州廖旗花370万买了套湖景房。 那会儿多风光啊，身边朋友都夸他"很有魄力""是人生赢家"，说自己要是有这魄力就好了。 因为他每月要还9700块房贷，利率最高的时候，一个月得掏1万2。 "以前别人羡慕我有房，现在我倒羡慕那些没买房的。" 现在他常自嘲说，"没房贷的人，每个月比我多近万块可劲儿花，旅游，我呢？工资一到账先给银行打过去，剩下的钱只够买菜做饭，连件新衣服都舍不得 买。" 你还别说，现在这样的人真不少—— 以前大家挤破头想买房，现在不少背着房贷的人，反而觉得没买房的日子更舒坦。 房奴的日子：表面光鲜，内里全是苦 现在的房奴，看着有套房子撑场面，其实日子过得比谁都紧巴。 我小区有个张姐，前两年掏空家里6个钱包，又借了点钱，在市区买了套两居室。 为了还房贷，她白天在公司当会计，晚上去超市理货，周末还得去做钟点工，一天睡不了6个小时。 她老公更拼，跑货运经常半夜才回家，去年冬天还因为疲劳驾驶差点出车祸。 就这，每月1万2的房贷一扣，家里连给孩子报兴趣班的钱都得算着花。 张姐说："有时候看着孩子眼巴巴盯着别人学钢琴，我心里就发酸，要不是为了这套房，孩子也不用受这委屈。" 我们过去一直强调：房贷最好别超 ...

首先，让我们来细致地核算一笔账，审视房价从每平米两万五骤降至一万五，对购房者意味着什么。以 一处建筑面积一百平方米的住宅为例，原价两百五十万，现今市值仅剩一百五十万，凭空蒸发了一百 万。若购房者当初支付三成首付，即七十五万，贷款一百七十五万，那么此刻卖房，不仅首付付诸东 流，还须额外垫付二十五万才能结清贷款。 我的朋友小李便深陷其中。他于2020年在某三线城市购入一套一百一十平米的新房，首付垫了八十万。 如今，同小区同户型的房源，售价已从每平米两万三跌至一万四上下。他苦笑着自嘲："卖房的话，首 付没了不说，还得再掏出二十多万，这几乎是我两年的全部薪水啊。" 前日，受邀至友人王叔府上作客，席间，王叔突吐苦水，眉头紧锁，道出了心中的郁结："我那套2019 年斥资两百五十万购入的房产，如今挂牌价跌至一百五十万，却连个问津者也难寻，这跌幅之剧，实在 令人心惊。"王叔道，当初他首付七十万，如今即便脱手，不仅本金尽失，还需倒贴二十万才能解脱。 目睹他愁容满面，我不禁为那些身陷房市寒冬的普通购房者所承受的困境与重压而扼腕长叹。 近年来，楼市的持续调整已然成为社会热议的焦点。国家统计局的最新数据显示，截至2025年6月，全 ...

经济观察报 . 以下文章来源于经济观察报 ，作者蔡越坤 经济观察报是专注于财经新闻与经济分析的全国性综合财经类媒体，创办于2001年。聚焦商道、商技和 商机，以锐度、悦度、广度、深度的报道形成了权威的媒体公信力和影响力。 国庆节回乡，二手房和新盘的上涨依旧是饭桌上最热的谈资。哪套独栋别墅刚挂就已经被客户预定 了，哪个新盘客户已经开始排队摇号，关于房子的故事在这座小城轮番上演。 付倩倩的经历并非个例。当一、二线城市在调控与观望中跌跌不休时，定边却像驶入了另一条轨道。 付倩倩说，截至2025年10月，定边县新开盘商品房均价已普遍突破5000元/平米，而2022年同期尚不 足4000元/平米。三年间，县城新房价格累计上涨逾25%，涨幅明显。 与之形成鲜明对照的，是陕西省会西安房市的冰冷行情。贝壳研究院数据显示，2025年9月西安二手 房均价12234元/㎡，同比再跌10.1%，环比也下滑1.4%；自2022年二季度攀上约1.6万元/㎡的历史顶 峰后，便一路下坠，三年间跌去近四分之一，与全国多数一、二线城市的走势相似。 本文来自微信公众号： 经济观察报 （ID：eeo-com-cn） ，作者：蔡越坤，原文标题：《房价 ...

t 1882 1 t IT 1 1 1 t I 蔡越坤/摄 "证都没到手，倒先赚了近六万元。"付倩倩自己都觉得不可思议。 9月28日，付倩倩刚入了手一套定边县城核心地段的二手房。过户手续办完，房产证还没捂热，国庆长假就已到来。 谁料假期头一天，带看客户当场拍板：42.8万元，全款，不算增值税、中介费，以及所有税费——而她几天前拿下这套房时，总价还不到37万元。 房子不满两年，5.3%的增值税外加杂七杂八的税费合计超7%，买家却连眼都不眨，付倩倩颇为激动。 2024年开始，付倩倩便一头扎进定边县的房屋中介行当。短短一年，她亲眼见证这座陕北小城房价"一路狂飙"。 记者 蔡越坤 国庆节回乡，二手房和新盘的上涨依旧是饭桌上最热的谈资。哪套独栋别墅刚挂就已经被客户预定了，哪个新盘客户已经开始排队摇号，关于房子的故事在 这座小城轮番上演。 付倩倩的经历并非个例。当一、二线城市在调控与观望中跌跌不休时，定边却像驶入了另一条轨道。付倩倩说，截至2025年10月，定边县新开盘商品房均价 已普遍突破5000元/平米，而2022年同期尚不足4000元/平米。三年间，县城新房价格累计上涨逾25%，涨幅明显。 与之形成鲜明对照的，是陕 ...

从2022年开始，国内房价就步入到长期调整的趋势之中。而在进入到2025年之后，国内各地房价还是延续之前下跌的趋势。数据显示，全国百城二手住宅均 价，9月为13381元/平方米，同比下跌7.38%，前三季度累计跌幅达5.79%。全国百城二手房价格已连续41个月环比下跌。从当前情况看，国内房价调整的趋 势大局已定。 事实上，在当前房价长期下跌，楼市调整大局已定的情况下，对于那些只有一套房的家庭来说，影响并不是很大。他们买房就是为了自住，只要房子住得舒 服就可以了。但对于45%有多套房的家庭，影响就比较深远了，他们将要面临以下这"4个难题"。 另一个是，由于国内物价每年都会有不同程度的上涨。所以，持有多套房的家庭将面临物业费、取暖费、电梯费、维修基金等价格不断上涨的压力。实际 上，持有多套房子家庭的物业费用支出压力要远比只有一套房子的家庭大的多。 第四，"以租养贷"的梦想正在破灭 近些年，国内房价一直在下跌，这让拥有多套房了家庭损失惨重。2019年，上海居民杨斌购买了一套400万的房子。而在时隔6年之后，现在这套房子的市值 只有256万，房价跌幅超过30%。而未来各地的高房价仍有下跌空间，并逐步与当地居民收入挂钩 ...

Core Viewpoint - The real estate market in Dingbian County is experiencing a significant upward trend, contrasting sharply with the declining prices in major cities like Xi'an, driven by high demand and limited supply [4][5][21]. Group 1: Real Estate Trends - Dingbian County's new housing prices have increased by over 25% in three years, with average prices surpassing 5000 yuan per square meter as of October 2025, compared to less than 4000 yuan in 2022 [4][5]. - In contrast, Xi'an's second-hand housing prices have dropped by 10.1% year-on-year as of September 2025, reflecting a broader trend of declining prices in many first- and second-tier cities [5][20]. - The county's real estate market is characterized by a scarcity of new housing projects, which has contributed to the rapid price increases [18]. Group 2: Economic Factors - Dingbian County is recognized as the largest oil and gas production county in China, with proven oil reserves of 1.618 billion tons and natural gas reserves of 300 billion cubic meters, significantly bolstering its local economy [7][8]. - The local economy heavily relies on the oil industry, which has led to increased disposable income among residents, further fueling demand for housing [8][9]. Group 3: Buyer Demographics - The primary buyers in Dingbian's real estate market include those purchasing homes for marriage and families seeking to secure school placements for their children, indicating a strong demand for housing [9][10]. - The trend of rural population migration to urban areas has intensified, with many families moving to the county for educational opportunities, thereby increasing housing demand [12]. Group 4: Market Sentiment and Future Outlook - Despite the current upward trend in housing prices, there are concerns about sustainability, with some residents expressing doubts about the long-term viability of the price increases [15][17]. - The potential influx of new housing projects in the coming years may shift the supply-demand balance, leading to uncertainty about future price stability [19].

42岁的吴先生，2019年用100万大胆加杠杆从银行贷了500万，在广州和东莞的交汇处买了2套房。到2021年房价最高点时，两套房估值600万，算下来他账 面上赚了100万。 深圳一个朋友讲述了自己的买房经历，听着让人感慨： 这事让我想起李嘉诚以前说过的一句话，别人问他买房最重要的是什么，他连说了三遍："地段、地段，还是地段！" 可惜当年房价一路上涨的时候，很多人没把这话当回事，觉得哪怕是郊区的房子，拿一阵子也能赚一笔。 可如今，市场风向大变，那些手握多套房的家庭，怕是要面临不少棘手的难题了。 根据数据统计，全国城镇约有43%的家庭拥有2套甚至更多房产，表面看，这些有多套房的家庭都资产百万，实际上背后却藏着不少隐患。 过去六年，房价一路向下的趋势远超预期，比如上海闵行区有个曾经的热门小区，2020年时每平米能卖到9.6万，到2025年已经跌到6.8万。市中心一些老 房子的跌幅更大，有的甚至超过30%。 中指研究院数据印证了这一趋势，8月，100个城市二手住宅平均价格环比下跌0.76%，同比下跌7.34%。 不少地方的房价已经跌回2017年的水平，算下来普遍亏损超过40%。在这样的环境下，手里有两套房的家庭，主 ...

Group 1: Real Estate Market Trends - Since 2021, domestic housing prices have entered a long-term adjustment phase, with an average decline of over 30% nationwide as of 2023 [1][3] - Major cities like Shanghai and Shenzhen have joined the price adjustment trend, following declines in second and third-tier cities [1] - Some third and fourth-tier cities have seen prices drop to levels where homes can be purchased for tens of thousands or even hundreds of thousands [1] Group 2: Bank Deposit Rates and Economic Challenges - Starting in 2023, domestic deposit rates have entered a long-term adjustment phase, with one-year fixed deposit rates dropping from 2.25% to 1.35%, resulting in a decrease of 900 yuan in interest income for a 100,000 yuan deposit [3][6] - The decline in deposit rates poses significant challenges for elderly individuals and those relying on interest income, as their purchasing power diminishes [6] - The overall economic environment is characterized by slowing income growth and shrinking consumer demand, making it difficult for new entrepreneurs to succeed [8] Group 3: Investment Risks and Market Performance - Many individuals are turning to high-yield investment products like stocks and funds due to low deposit interest, but these come with high risks, with many funds experiencing losses of 20-30% in 2024 [10][12] - The majority of stock market participants are currently facing losses, with few managing to outperform inflation due to poor trading strategies [10] - There is a growing concern regarding the performance of bank wealth management products, particularly those rated R2 and below, which have also shown losses due to declining money market yields and rising bond market risks [12]

Core Insights - Goldman Sachs predicts that the current decline in China's real estate market, which began in 2021, has only completed 40% of its total expected drop, with an additional 60% decline anticipated before reaching the bottom by the end of 2027 [5][6][18] Market Analysis - The report evaluates the current state of the Chinese real estate market by comparing it to historical global real estate crashes, forecasting a potential further decline of 10% in property prices [6][9] - Since the peak in Q4 2021, Chinese property prices have already dropped by 20%, and the market is expected to follow a typical crash pattern, indicating a prolonged downturn [6][14] Supply and Demand Dynamics - The current oversupply in the housing market is significant, with a reported 750 million square meters of unsold residential properties, suggesting that it could take two to three years to digest the existing inventory [7][9] - The demographic shift indicates a decrease in the primary home-buying age group (25-39 years), with a projected reduction of 42 million individuals by 2027, leading to diminished demand [7][9] Financial Strain on Consumers - The household debt-to-GDP ratio has reached 63.5%, comparable to developed nations, with housing affordability becoming a critical issue, particularly in major cities like Beijing and Shanghai where the price-to-income ratio exceeds 12 times [7][9] Policy Response and Market Stability - Despite numerous government measures aimed at stabilizing the housing market, such as lowering down payment ratios and interest rates, the fundamental issues of population decline, high inventory, and elevated debt levels remain unresolved [9][11] - The government's approach has shifted from attempting to boost prices to merely preventing a rapid decline, indicating a more cautious stance in policy implementation [9][11] Regional Variations - Different cities are experiencing varying degrees of impact, with first-tier cities expected to stabilize by late 2025 after a cumulative drop of up to 20%, while second-tier cities may see declines of up to 25% [14][16] - In contrast, third and fourth-tier cities are facing severe challenges, with potential price drops of 40% or more, making recovery to 2021 peak prices unlikely [14][16] Future Outlook - The real estate sector is anticipated to see a more pronounced recovery by 2026, contingent upon successful debt restructuring and improved market confidence [6][9] - Investors are expected to reassess valuations post-debt resolution and inventory clearance, with a gradual normalization of credit conditions benefiting leading private developers [6][9]

Core Viewpoint - The narrative highlights the struggles of individuals from the 70s generation in China, particularly focusing on the challenges faced in the housing market and the emotional toll of being a "mortgage slave" amidst rising property prices and subsequent declines in value [1][10]. Group 1: Housing Market Experience - The protagonist, Mr. Zheng, reflects on the difficulties faced during his youth, including missing out on state job allocations and experiencing economic downturns, which shaped his perspective on financial stability [1]. - In 2015, motivated by the skyrocketing housing prices, Mr. Zheng and his wife decided to purchase a home for their child, despite the financial strain it would impose [3]. - The process of securing a home involved intense competition, with long hours spent waiting in line to participate in lotteries for purchasing opportunities [3]. Group 2: Financial Burden - After successfully obtaining a purchase opportunity, Mr. Zheng faced the daunting reality of high property prices, leading to significant financial stress with a mortgage exceeding one million yuan [5]. - Monthly mortgage payments of over 8,000 yuan severely impacted the family's quality of life, forcing them to cut back on expenses and forgo leisure activities [7]. - The emotional and physical toll of financial strain is evident, with Mr. Zheng experiencing health issues as a result of the stress associated with mortgage payments [7]. Group 3: Market Decline and Emotional Impact - Despite eventually receiving the keys to their new home in 2019, the family faced a declining housing market, resulting in a significant loss in property value [8]. - The realization that years of hard work and financial sacrifice had led to a devalued asset left Mr. Zheng and his family feeling despondent and regretful [8]. - The sentiment of being a "mortgage slave" resonates with many individuals from various generations who have faced similar housing market challenges [10][12].