In recent years, China's real estate market has become as hot as Japan's. Now the downturn in China's real estate is also very similar to that of Japan, even aging, young people do not want to have children, it is basically the same as when Japan was in the real estate crisis!
After the real estate problem in Japan that year, it fell into thirty years of economic loss and thirty years of recession! Most families in society have become unable to start a family, jobs cannot be found, suicide rates have exploded, and they are extremely gray!
However, do we realize that the bursting of Japan's real estate bubble once caused a huge shock and a long-term downturn to the Japanese economy, and now there is a similar danger in our real estate market?
First, let's review the experience of the bursting of Japan's real estate bubble. In the late 80s and early 90s of the 20th century, the Japanese real estate market experienced an unprecedented boom, with soaring house prices, skyrocketing land prices, and even some unimaginable phenomena, such as the price of a piece of land exceeding the total value of land in the entire United States. However, all this prosperity was built on false foundations, and as the economic cycle turned and the government policy mistaken, the bubble eventually burst, the real estate market fell into a long-term downturn, and the Japanese economy entered a lost period of three decades.
So why should we worry about a similar situation in China's real estate market? First of all, we need to see that there are many similarities between China's aging problem and Japan's situation. In recent years, China's aging speed has accelerated, and the working population has gradually decreased, which also means that the demand for housing will gradually decrease in the future. Moreover, with the increase of people's income level and the change of lifestyle, young people's willingness to marry and have children is gradually decreasing, which will also have an impact on the real estate market.
Second, the bubble in China's real estate market is already very obvious. In the past few years, China's housing prices have soared, especially in first-tier cities, which has become unaffordable for many people. Moreover, this prosperity is only built on false foundations, and many people do not hesitate to borrow usury in order to buy a house, and even invest all their family savings in the real estate market, which is a very dangerous practice. If there is a problem in the real estate market, these people will be exposed to huge risks.
In recent years, China's real estate has entered a downturn, basically no one buys a house, and house prices have fallen again and again! In the face of such a situation, many people applauded, eager to fall a little more sharply, it is best to become a cabbage price no one cares!
Previously, the government has taken a series of measures to curb the excessive rise in house prices! Now the government has also introduced many policies to avoid a sharp drop in house prices! At present, the real estate market seems to be stable, not as hot as it was then, but it is also very low.
We need to be alert to the risks of Japan's dark three decades, and we need to take a series of measures to prevent them. The government needs to strengthen regulation to avoid market imbalances and excessive amplification and reduction. It is necessary to accelerate the process of urbanization, increase the number of working people, and increase the demand for housing purchases. It is necessary to strengthen macro-control to avoid excessive impact on the economy from the bursting of the bubble. Only in this way can the sustained and healthy development of China's economy be guaranteed.