Today is April 10, a news rushed to the hot search, "Lin Junjie bought virtual real estate floating loss of 91%", it seems to be an obvious "house speculation" huge loss of the stock market, what is going on?
1. Virtual real estate
What is "virtual real estate", this has to start with the meta-universe, this once popular global emerging thing, now quietly ebbed.
At the same time as the rise of the meta-universe, the "virtual real estate" in this new universe has also flourished, attracting many investors to pursue it wildly, and the so-called "house speculation group entering the meta-universe" is this meme. At that time, many stars also joined in, in November 2022, Lin Junjie spent 123,000 US dollars to buy 3 virtual real estate in Decentraland, which was equivalent to about 700,000 yuan according to the exchange rate at that time, but after the scenery, the median transaction price of Decentraland has now fallen from $45 in 2022 to $5, and the current value of the "virtual real estate" purchased by Lin Junjie is only about $10,000, a floating loss of 91%.
Now it seems that the rise of the meta-universe, although it is a brand new technology, was more of a concept hype at that time, the tide came and went, and when the tide receded, there was still who was swimming naked. Earlier this year, a new wave of technology emerged, called chatGPT, or chatbots, but with more powerful artificial intelligence. So a new round of speculation has begun, just like the meta-universe of the year, many listed companies have doubled their market value, but as the Economic Daily commented, the development and maturity of ChatGPT requires the attention of capital and effective pricing in the market, rather than excessive hype.
Second, realistic house speculation
The ebb of "virtual real estate" is low, and stars cannot escape the result of losses. This can't help but remind people of the real "house speculation" in previous years, and it is not a chicken feather after the ebb tide.
Remember the "golden decade" of real estate? It was the most glorious era of real estate, the industry developed rapidly, house prices rose all the way, and house prices in many cities doubled, or even multiplied several times. The first people who bought a house made money and continued to participate in it, and later participants saw that the people around them bought a house and made money, and also blindly followed the trend to participate, so a wave of "national house speculation" rose, at that time, the first sentence of people meeting was no longer "did you eat", but "did you buy a house", in such a round of "drumming and passing flowers" game, house prices rose higher and higher.
With the high rise in house prices, the real estate bubble is getting bigger and bigger, to the point of bursting, like the real estate crisis before the United States and Japan in history, so the top management shot, "housing is not speculation" proposed, house prices changed overnight, ending the momentum of skyrocketing, from the second half of 2018, house price growth gradually narrowed, becoming more and more stable. House prices do not rise or fall, this is the common view in the industry, so those who bought at the high point of house prices in those years, or changed hands at a loss, or continued to stand guard at the heights, and the speculators were even more bloodless. Similar stories are not unfamiliar, such as blockchain and metaverse, from overnight explosion to falling down the "altar", it is vividly remembered.
Third, housing is not speculation
Whether it is the blockchain of that year, the metaverse, or this year's chatGPT, these high-tech technologies seem to be far away from our people, but the house is a very close thing.
As one of the necessities of the people's "clothing, food, housing and transportation", the house is a link that cannot be bypassed, and the originally good haven has been criticized by ordinary people because of the existence of high housing prices. Although since the "housing is not speculation" proposed, the increase in house prices has slowed down, and even last year and this year house prices continued to fall, many city house prices have returned to a year ago, but the house prices that have risen high, even if they continue to fall for a year, are still "stable high", and first-tier city house prices seem to have begun to rise slightly.
Today's real estate market, from the overall perspective of the country, has been "oversupply", coupled with the in-depth regulation of "housing and living without speculation", it is normal for house prices to rise, and it is also a good thing, at least for our ordinary people. Although under the influence of the once "house speculation" atmosphere, the mentality of ordinary people buying houses "buying up but not buying down" is still there, it is understandable, after all, whose money is not blown by the wind. In the future real estate market, "housing without speculation" will continue and adhere to it for a long time, and the hype atmosphere is not good in any industry, and the necessities of "clothing, food, housing and transportation" are even more so.
To sum up, "Lin Junjie bought virtual real estate floating loss of 91%" on the hot search, it seems that whether it is reality or the meta-universe, speculation can not please. In the field of housing, "housing is not speculation" is the main keynote, the house will eventually return to the residential value, and the house price will also achieve a "soft landing".