When the new crown epidemic broke out in 2020, I was asked "will house prices rise"?
The first reaction was no, on the grounds that the crisis would destroy wealth.
As a result, a slap in the face.
The so-called crisis is the danger of the poor, the opportunity of the rich.
Just to see some of the latest data, global house price growth in 2021 hit the highest level before the 2008 financial crisis.
In fact, in addition to China, house prices in Europe, the United States, Canada and Australia have all risen alarmingly.
For example, Australian house prices rose by more than 20% last year, the United States was close to 20% (of which the transaction volume of thousands of Marriott homes broke records), and Canada was as high as 26%.
In China, the housing prices of first-hand houses in the first-tier city of Guangzhou have fallen for 5 consecutive months, and the transaction price of second-hand houses in Shenzhen is lower than the guide price, and even some third- and fourth-tier areas have made guarantees in order to preserve house prices.
So, here's the problem:
1. Why is there such a big difference in the price trend between China and other regions in the past two years?
2. In the past 20 years, many Chinese people have bet on domestic real estate to achieve wealth freedom because they have seen the trend of foreign housing prices, so can this path continue to be effective?
3. Does the ability of first-tier cities to protect wealth through real estate continue to be stronger than that of third- and fourth-tier cities?
