Since the reform of the housing system in 1998, housing prices seem to have been on a rocket, soaring. According to official data, in 1998, the average house price in the country was less than 2,000 square meters, and now, housing prices of more than 10,000 cities abound, and the housing prices of first-tier cities such as Beijing and Shanghai have crossed the 50,000 mark early. At the same time, real estate-related industries and commodities** are also on the rise. In this context, people can't help but ask: is it really appropriate to buy a house now?
For a long time, many people have believed that property is an investment that preserves and increases in value. People who can afford to buy a house often don't put their money in the bank, and some even want to buy a house even if they don't hesitate to borrow. In their opinion, not only does the property not depreciate in value, but also brings good returns.
However, everything in the world has a cycle, and investing is no exception. Just like the property market, by 2021, housing prices in 163 large and medium-sized cities have shown a downward trend. The average amount of residential mortgages in the top 100 cities also decreased. Despite this, many people still believe that house prices will** and did not expect a sudden reversal in the market.
Entering 2022, the downturn in the real estate market has not improved. According to the CRIC Real Estate Institute, the top 100 real estate companies saw a significant year-on-year decline in sales and a decline in profit margins. Originally, I thought that the ** in 2021 was only a temporary phenomenon, but in 2022, the market still shows no signs of recovery. The explosion of large real estate companies is even more alarming: the preservation and appreciation of real estate is not eternal.
In the fourth quarter of 2022, significant discounts were generally applied to the real estate market across the country**. Developers have tried their best, such as sending parking spaces, property fees, home appliances, decoration, and even cars, **, etc., but the transaction volume is still sluggish. The psychology of "buying up, not buying down" makes the market more cautious. The developer's price reduction strategy is actually a helpless move under the "three red lines" policy and debt pressure.
Until 2023, in order to stabilize the property market and the economy, the country has introduced a series of new policies with unprecedented intensity. These measures have made some industry insiders see the hope of the "appreciation tide" of the property market. However, the words of an ordinary staff member of a real estate agency revealed the truth of the market: the house cannot be sold, which means that ** has reached its peak.
The staff member's words caused a lot of discussion on the Internet, and many people agreed. The opinions of ordinary people tend to be closer to reality, while the opinions of some professionals may be out of touch with reality. We need to learn to discern.
Finally, about the real estate market, I would like to say that the decision to buy a home should be based on individual needs and abilities, not blindly following trends. The essence of a house is to provide living space, not to be the whole of life. Adapt to market changes and buy houses rationally, which is a wise choice.
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