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Housing prices plummeted by 80%? Don't be naïve, the reality is far more complicated than that!

author:Huang said

Housing prices fell by 80%? When various industries saw this statement, they couldn't help but laugh, which was simply a dream thing. In recent years, the public's attention to real estate has also been increasing, and it is well known that houses in first- and second-tier cities in the past are unattainable dreams for ordinary people.

Even in some small counties, it is very difficult for ordinary people to buy housing prices. With the huge transformation of the real estate industry in 2023, housing prices have also dropped significantly, so many people say that they don't have to worry about buying a house anymore.

Housing prices plummeted by 80%? Don't be naïve, the reality is far more complicated than that!

If house prices do drop by 80 percent, it's a matter of crying and laughing, think of the workers who move bricks on the construction site under the scorching sun. Think about those home improvement workers who run business everywhere, as well as plumbers, carpenters, etc., isn't this going to directly smash their jobs?

Housing prices plummeted by 80%? Don't be naïve, the reality is far more complicated than that!

For people who now want to buy a school district house for their children and prepare a marriage house for their children, if the house can fall, it is indeed a thing worth celebrating.

1. Cities with declining housing prices

The price of houses has indeed fallen in recent years, but it is not the first- and second-tier cities that we know, and the prices of good locations in these cities are still unattainable.

Housing prices plummeted by 80%? Don't be naïve, the reality is far more complicated than that!

The real cities that fell were some counties located around the first-tier cities. For example, the housing prices in Langfang and Xianghe County have declined significantly, and many people who used to drift north chose these cities as their settlements. Most Beipiao want to buy a house in Beijing's Fifth and Sixth Ring Roads, and the price will be millions.

Therefore, in order to reduce the pressure, many people choose to buy a house in Langfang Dachang, Xianghe and other places. But in those years, the price was not low when I bought it, after all, these cities surrounded the first-tier cities, and they also attracted a lot of people by virtue of the fame of the first-tier cities, and the housing prices in these places have dropped very significantly in the past two years.

Housing prices plummeted by 80%? Don't be naïve, the reality is far more complicated than that!

Second, the impact of the decline in housing prices

Although it is surrounded by first-tier cities, there are also some shortcomings, and I thought that relying on big cities could obtain good resources and employment opportunities. However, they did not taste these sweetness, and even lacked perfect industrial facilities and conditions to attract people.

Nowadays, the real estate industry in these places is also in a bottleneck situation, which is bound to have a huge impact on the development of these cities. In fact, there are some unfinished real estate in many cities, mainly because there are many real estate projects that cannot be sold, which directly affects the capital supply chain, which leads to more and more unfinished real estate.

Housing prices plummeted by 80%? Don't be naïve, the reality is far more complicated than that!

The price of second-hand housing is falling more and more seriously, and now the pressure on real estate is also very large, if the price falls repeatedly, then it is not only the real estate that will be affected, but also the economy in many aspects will be affected, and it will definitely have a huge impact on the development of society, so the idea that real estate can fall to 80% is not realistic.

3. Treat the demand for buying a house correctly

For the next real estate industry to go where to go, I believe that corresponding adjustments will be made, if this situation continues to develop is very unfavorable. In fact, whether the price of real estate is rising or falling, we all have to buy according to our personal economic situation or actual needs.

Housing prices plummeted by 80%? Don't be naïve, the reality is far more complicated than that!

If it is some families with relatively low incomes, they can solve the living pressure caused by buying a house through the affordable housing provided by various localities. The current real estate industry is not very stable, if there are people who want to invest in real estate, they should still consider rationally.

Regarding the future development of real estate, this is a long way to go, and further planning is needed. No matter how the real estate industry adjusts, for some low-income families, we must start from the actual situation. Don't let a house make life a huge pressure, then in this case it will lose the meaning of buying a house, I believe that the country will also start from the actual situation to bring a better life to residents.