At present, the continuous rise in house prices has become a norm, in this case, mortgage owners are still afraid to stop repayment even if they face property quality problems, so experts call for studying the impact of falling house prices on the economy, and gradually rolling out the real estate market to find other alternative industries to promote economic growth.
As house prices continue to climb, mortgage buying has become a common way to buy a home. However, once house prices fall sharply, it is difficult for mortgage owners to stop making payments and buy again.
In the case of falling house prices, even if there is a problem with the quality of the property, the owners are usually afraid to cut off the supply and will continue to repay the loan.
This phenomenon has led experts to think that they should study how to deal with the economic impact of falling house prices, rather than just find reasons to keep prices high.
The fall in house prices has the most significant impact on ordinary people and homebuyers. However, once house prices fall, supply cuts and housing disturbances are not common.
Landlords lack the courage to take action to cut off supplies, fearing that their credit history will be affected and that it will cause additional financial pressure. Therefore, even if house prices fall, owners choose to continue to repay their loans rather than risk stopping repayments.
The real estate industry has always been one of the pillars of the economy and has made an important contribution to economic growth.
However, there are also risks associated with over-reliance on the real estate market.
The cyclical fluctuations of the real estate market make economic development unstable. Therefore, experts call for the gradual introduction of the real estate market and the search for alternative industries to boost economic growth.
This can not only reduce the vulnerability of the economy, but also promote the upgrading and transformation of the industrial structure. When looking for alternative industries, governments need to actively guide and support the development of innovative industries.
For example, there is great potential for development in the fields of science and technology, culture, education and other fields, and the government can increase investment and support in these fields to promote sustained economic growth.
In addition, by strengthening international exchanges and cooperation, attracting external investment and technology introduction, and improving their competitiveness and innovation capabilities.
Summary: Falling home prices have important implications for mortgage owners and the broader economy. However, due to the concerns and fears of the owners, they are often afraid to take action to cut off the supply and choose to continue to repay the loan.
Experts call for studying the impact of falling house prices on the economy, gradually rolling out the real estate market, and finding other alternative industries to boost economic growth. The government can increase support and guidance for innovative industries, and promote sustained and healthy economic development through the development of science and technology, culture, education and other fields.