Core Viewpoint - The article discusses five types of properties that may become undesirable in the real estate market starting next year, highlighting the changing dynamics and risks associated with these properties [1]. Group 1: Types of Properties - Old and dilapidated school district houses are losing their appeal due to policy changes like multi-school zoning and teacher rotation, leading to a significant drop in value [1]. - Small property rights houses are problematic as they lack legal ownership certificates, making them vulnerable to disputes and government actions, which could result in financial losses for buyers [3]. - Large suburban houses are becoming less attractive due to long commuting times and inadequate local amenities, leading to difficulties in selling even at reduced prices [3]. - Commercial-residential mixed-use properties have short ownership periods and higher living costs, along with complex living environments that deter potential buyers [4]. - Properties with ownership disputes present significant risks, as unclear ownership can lead to legal troubles for buyers, making them hard to sell [6].

Core Viewpoint - The article discusses the assets that are expected to depreciate the fastest over the next five years, highlighting the challenges faced by individuals in a struggling economy and the declining value of traditionally stable assets [1]. Group 1: Depreciating Assets - Educational degrees are becoming less valuable due to the oversupply of graduates, with 12.22 million expected in 2025, leading to a devaluation of degrees [6]. - Mid-range and high-end car prices are projected to drop significantly, with mid-range cars expected to decrease by 20,000 to 30,000 yuan and high-end cars by over 100,000 yuan due to reduced consumer demand and market saturation [8]. - Commercial properties are losing value, as evidenced by a shop purchased for 2.4 million yuan now valued at only 1.4 million yuan, driven by decreased consumer spending and a shift to online shopping [10]. Group 2: Real Estate and Luxury Goods - The value of old and dilapidated school district houses is declining as educational reforms randomize school admissions, undermining the previous demand for such properties [12]. - The luxury goods market is experiencing a downturn, with demand decreasing due to reduced disposable income among middle-class families and the rise of counterfeit products that appeal to lower-income consumers [15]. - The collectibles market is facing a bubble burst, with significant drops in value for items like badges, which have seen prices fall from 2,000 yuan to 300 yuan, indicating a risk for investors in this sector [17].