In the past two years, China's property market has become more and more sluggish, and with it, there are more and more remarks about the property market crash. Now it seems that no matter how much the country stimulates the property market, and no matter how the developers cut prices, buyers are unwilling to buy it, which seems to mean that the property market crash is approaching!Not to mention, whether the property market will collapse, but once my country's property market collapses, I am afraid that many people will be injured!Here, I want to say, tragedy!Once China's property market crashes, the following 5 types of people will be the most injured, and none of them will be able to escape!
1.People who are engaged in the construction industry
The impact of the property market crash on the construction industry can be significant. There are fewer construction projects, fewer employment opportunities for construction workers, and some projects may be postponed or canceled, resulting in less income for construction workers. In addition, the property market crash will also lead to a decrease in the number of orders from construction workers and material manufacturers, putting economic pressure on them. In short, once the property market crashes, 36 industries closely related to real estate will be greatly impacted, and the number of unemployed will also soar!
2.House slaves
For buyers who are burdened with mortgages, buying a house but encountering a shrinkage of assets is a lot of pressure. In the past two years, the general environment has been bad, most people have been affected, and they have to pay their mortgages on time every month, which is really breathless. There have been many house slaves who have chosen to abandon the house and cut off the supply, once the property market in my country collapses, then the number of house slaves who abandon the house and cut off the supply will skyrocket!
3.Commercial Banks
The commercial bank has lent all the money to the real estate developer, but the house cannot be sold, the developer has no money to repay the loan, and the money in the bank is the assets of our depositors, which is a liability for the bank. At the same time, the number of people who abandon their houses and cut off their mortgages is also increasing significantly, which will undoubtedly lead to a rapid increase in bad debts of banks and eventually bankruptcy
* Plays an important role in the real estate market, regulating and guiding the development of the real estate market through the formulation and implementation of various policies. However, ** also relies on the real estate market to increase fiscal revenue by collecting various taxes and fees. Once China's property market collapses, ** will face the dual pressure of financial difficulties and social unrest.
5.Developer
With the development of the real estate market, many people are devoting themselves to real estate and taking out loans to develop real estate. Once China's property market collapses, developers can't sell their houses, and they are faced with the problem of bank loans expiration. What a dilemma they have. Look at how many real estate companies are thundering now, and you will know how miserable the developers are!
On the whole, there are many disadvantages of the property market crash, which is why the state wants to intervene in the property market. Otherwise, once the property market crashes, everyone's life will be difficult!Do you think it's good for the property market crash?