Li Ka-shing's prediction is accurate!China's "multi-suite" family may face 3 results!
Li Ka-shing's prophecy is quietly coming true. Over the past year, China's real estate market has changed dramatically: house prices have plummeted** and property sales have decreased, which has created serious challenges for families with multiple properties. These families used to use property as a means of investment, but now they face three dire consequences.
First of all, housing prices continue to lead to a decrease in assets. Due to factors such as the aging population, the end of the urbanization process, and the surplus of real estate, the trend of housing prices in the future will continue. This means that the market value of property for multi-family homes will continue to decline. The data shows that real estate accounts for 77% of residents' total assets, which indicates that residents are highly dependent on real estate. Therefore, we recommend that families consider cashing out their properties as soon as possible to avoid further asset shrinkage.
Second, families with multiple homes will face the embarrassing situation of having difficulty selling their homes. In the current second-hand housing market, supply exceeds demand, and the number of second-hand housing listings in major cities is increasing. This means that more and more homeowners are not optimistic about the market prospects, and their homes are becoming more and more difficult to sell. Future house prices will make the situation even worse because many people would rather wait for house prices before moving than buy. In addition, countries around the world** have relaxed restrictions on developers to sell at lower prices, and new homes** are likely to be significantly reduced. As a result, demand for new homes will dominate the market, while the sale of second-hand homes will become more difficult.
Finally, declining incomes will increase mortgage pressure for households with multiple homes. As the pandemic spreads, incomes across all walks of life have declined, putting both business owners and wage earners under pressure. For multi-unit households, the repayment pressure is several times greater than that of single-parent households. When income drops significantly, the pressure of monthly loan repayments becomes overwhelming. In addition, they have to bear more expenses such as utility fees, heating bills, and maintenance**. As a result, households with multiple homes face greater financial pressure when their incomes fall.
In short, Li Ka-shing's prediction has once again been proven correct. Households with more than one unit will face fewer assets, difficulties in selling their homes, and declining incomes. For these families, the days ahead are not easy. However, we must learn from the challenges we face. The volatility and speculation of the real estate market tell us that real estate investment is not a long-term solution, and diversification is the key to stable assets. In addition, it is also necessary to strengthen the supervision of the real estate market to prevent the recurrence of the real estate bubble and protect the stability of the market and the interests of consumers.
From a personal point of view, we should also re-examine our investment philosophy, rationally plan asset allocation, and avoid over-concentration in the real estate sector. When choosing investments, you should focus on diversifying your risk and investing your money in diversified areas. In addition, we should also strengthen the learning of financial knowledge, improve financial literacy, and better achieve wealth preservation and appreciation.
In the face of future challenges, multi-family families must assess the situation and adjust their investment strategies and asset allocation in a timely manner. Only by constantly adapting to the changing market environment can we better protect and increase our assets. Despite the uncertainties ahead, we believe that with the right mindset and good planning, all families can weather the storm and move towards a better future.