Core Viewpoint - Recent claims about Li Ka-shing predicting outcomes for families owning more than two properties are deemed false, as he has not made such predictions [1] Group 1: Market Trends - Since 2022, domestic housing prices have entered a long-term adjustment phase, with an average decline exceeding 30% nationwide [5] - The primary reasons for the decline include an oversupply of housing, economic downturn affecting residents' incomes, and significant housing price bubbles in various cities [5][6] Group 2: Potential Outcomes for Property Owners - Outcome 1: Continuous decline in housing prices leading to asset depreciation for families with multiple properties [3][5] - Outcome 2: Increased difficulty in selling properties, with a projected surge in second-hand listings reaching over 7.3 million by November 2025 [9] - Outcome 3: Rising holding costs due to increased property-related expenses and the impending introduction of property taxes in more cities [11] - Outcome 4: Challenges in renting out properties, making the "rent to pay mortgage" strategy increasingly unviable due to oversupply in rental markets [13][14]

Group 1 - The domestic real estate market has been on a downward trend, with average housing prices dropping by 30% from their historical peak, affecting both new and second-hand homes [1] - The number of families owning two or more properties has increased from 41.5% to 45%, indicating a growing challenge for these households as they face asset depreciation [2][4] - The decline in housing prices is attributed to several factors, including high prices relative to local income levels, economic downturns leading to reduced incomes, and an oversupply of both new and second-hand homes [4][6] Group 2 - Households with multiple properties are experiencing increased financial pressure due to stagnant incomes and rising monthly mortgage payments, alongside escalating costs for property maintenance and management [6] - The volume of second-hand homes for sale has surged, with cities like Beijing, Guangzhou, and Shanghai seeing listings reach 16.1 million, 20 million, and 37 million respectively, indicating a lack of confidence in future price recovery [8] - Rental markets are becoming increasingly challenging, with both first-tier and third-tier cities facing difficulties in leasing properties, exacerbated by high living costs and an influx of affordable housing options [10]