Core Viewpoint - The real estate market is experiencing significant downward pressure, with many homeowners facing challenges due to declining property values and increased holding costs [3][11][21] Group 1: Market Conditions - Many cities have seen substantial declines in property values, with Wenzhou experiencing a peak-to-date drop of 63.14% and Shenzhen down 30.06% [1][2] - The oversupply of housing and high vacancy rates, particularly in lower-tier cities, have contributed to the current market downturn [5][9] - The purchasing power of consumers has been overstretched, with household leverage rising to over 60%, limiting their ability to take on more debt [7][11] Group 2: Challenges for Homeowners - Homeowners with multiple properties are facing three major challenges: decreased wealth, increased holding costs, and difficulties in renting out properties [11][13][17] - The liquidity of real estate has diminished, making it harder for homeowners to sell properties, leading to a perception of wealth loss [11][15] - Holding costs, including property management fees and potential future property taxes, are expected to rise, adding financial strain on homeowners [13][15][21] Group 3: Future Outlook - The trend of declining property values is likely to continue, with younger generations showing less interest in homeownership due to economic uncertainties [19][21] - The implementation of property taxes could further increase the financial burden on homeowners, particularly those with multiple properties [21]

Group 1 - The real estate market is experiencing significant price declines, with properties in various regions seeing drastic reductions in value, such as a drop from 220,000 to 110,000 in a school district in Beijing [1] - In Shenzhen, high-demand properties have seen prices fall from 120,000 to 70,000, with a substantial increase in unsold inventory, reaching over 150,000 listings [3] - In smaller cities, properties purchased for 5.8 million are now struggling to sell for 3 million, with a vacancy rate of around 70% due to high inventory levels [5] Group 2 - The decline in property prices is attributed to a lack of purchasing power among younger generations, with a significant decrease in the number of school-age children leading to reduced demand for school district properties [6] - The elderly population, many of whom own multiple properties, is also facing challenges in selling their homes, leading to further price reductions in the market [6] - The government has accumulated 6 million housing units, and major developers are facing financial difficulties, with 127 companies going bankrupt in the first half of the year [8] Group 3 - There is a clear distinction in the market, where properties in first-tier cities like Beijing and Shanghai still have some liquidity despite price drops, while third and fourth-tier cities are experiencing severe stagnation [10] - The market is becoming increasingly polarized, with younger buyers opting to rent rather than purchase, and older homeowners unable to sell their properties, leading to a growing trend of "price without market" [10] - Innovative developments, such as smart communities, are performing better in sales compared to older properties lacking modern amenities, indicating a shift in buyer preferences [8]

Core Insights - The article discusses the significant decline in real estate prices, with many homeowners sharing their experiences of losing substantial value in their properties, leading to a collective sense of despair and comparison among them [1][4]. Group 1: Market Trends - The real estate market is experiencing drastic price drops, with some properties losing up to 66% of their value, leading to emotional distress among homeowners [1][4]. - A specific example highlights a property purchased for 1.4 million in 2017 now valued at only 480,000, illustrating the severe depreciation in property values [4]. Group 2: Psychological Impact - Homeowners are engaging in a "misery index" where they compare their losses with others, finding solace in the fact that others are suffering more [5]. - The phenomenon of psychological balance is noted, where individuals feel better about their situation when they see others in worse circumstances, indicating a coping mechanism in response to market conditions [5]. Group 3: Anecdotal Evidence - A story shared by a user emphasizes the importance of timely selling, where a homeowner's decision to sell early resulted in avoiding a loss of over a million due to the market downturn [3]. - The discussion also includes humorous yet poignant observations about wealth disparities, such as an 8-year-old having a significant amount of money as a gift, which sparked conversations about economic inequality [5].

昨天的文章最后还是没了，所以支持不支持都一样，关键是这事就不是咱能讨论的。 我这两天生病了，昨晚就嗓子不舒服，发完夜报后开始发烧到38.5，昏昏睡睡了一晚，现在烧退了，开 始进入狂流鼻涕和咳嗽的阶段，各种症状看起来像是又阳了。 一线城市二手住宅销售价格环比下降0.9%，降幅比上月扩大0.4个百分点；二、三线城市二手住宅销售 价格环比分别下降1.0%和0.9%，降幅比上月分别扩大0.2个和0.1个百分点。 下跌不但没有减速，反而加速了。 最离谱的是厦门，环比下跌2.2%，同比下跌14.6%，这还是官方公布的数据。一个月跌房价的2.2%，厦 门本地人要上班几个月才能把这2.2%挣回来？ 另一个环比上2%的是惠州，广东的二线城市，之前一直炒作深圳溢出概念，现在深圳自顾不暇，环深 圳城市只会更糟。这就和炒股一样，一旦龙头股崩了，看似涨幅少、更便宜的龙二龙三龙四只会跌的更 多。 之前每次发这个表都会有人问为嘛没有苏州？没有不是挺好的，数据没公布就等于没跌，不然每个月看 也蛮闹心的。 这两年对于持币观望，或者打算小换大改善居住的人来说是心情愉悦的，每个月房价下跌的部分相当于 自己3-5个月的工资，躺平一年，白赚五年。 而 ...