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As an important industry supporting the mainland economy, the price trend of real estate has a direct impact on national wealth and social stability. In recent years, the real estate policy of the mainland has been frequently adjusted, and the market has fluctuated greatly.
Qiu Baoxing, former vice minister of the Ministry of Housing and Urban-Rural Development, once warned that if housing prices plummeted, many people would become "losers". The stability of housing prices is of great significance to the national economy and people's livelihood, and must be paid enough attention.
Analyze the likelihood of a collapse in house prices
At present, the real estate market in mainland China is generally in a stable state, but there is some downward pressure. The decline in housing prices in many parts of the world may have a negative impact on the mainland market; Buyer affordability is limited, market demand has peaked, and prices are difficult to rise.
However, the government has actively introduced policies to stabilize housing prices and promote the balance between supply and demand through regulation and control, so that the possibility of a sharp decline is unlikely. As long as the policies are in place, the real estate market can remain running smoothly.
Hazard analysis of house price crashes
Although it is unlikely, if there is a real collapse in house prices, the consequences will be very serious:
Homebuyers have been hit hard
Full-payment home buyers are facing huge asset shrinkage, and leveraged home buyers may fall into a state and have difficulty repaying their loans, and it is not ruled out that there will be a wave of mortgage defaults. This will hit homebuyer household finances hard.
Related industries have suffered
Real estate is highly tied to building materials, decoration, furniture and other related industries. The collapse in housing prices could lead to a wave of closures in these sectors, creating employment pressures.
The financial system has been hit
If there were a large-scale mortgage default, it would hit the financial system hard. In particular, the problem of supply interruption for groups in need is even more worrying and will threaten social stability.
Government credit is damaged
The government has been emphasizing that "housing is for living, not for speculation", saying that it will be able to control housing prices. If there is still a sharp fall, it will definitely hit the credibility of the government.
Countermeasures against the collapse of housing prices
To prevent extreme situations, the government should take the following countermeasures:
Strengthen monitoring to prevent risk accumulation: Strengthen the monitoring of the real estate market to avoid risks such as excess inventory and overheated investment demand. Resolutely curb speculation.
Improve housing purchase support policies: increase housing purchase subsidies for groups in need, and provide assistance to families with difficulties in repaying loans. This can increase real demand and stabilize market prices.
Introduce stabilization measures: When housing prices decline significantly, timely introduce policy tools to stabilize housing prices, such as tax cuts and low down payments. But avoid overstimulating demand.
Strengthen financial supervision: prevent banks from lending at high risks, deal with problems in a timely manner, and ensure the safety of the financial system. At the same time, it is necessary to protect the legitimate rights and interests of those who just need to buy a house.
Maintain social stability: If there is a supply interruption, it is necessary to guide the deferred payment of loans and staggered repayment to protect the interests of the rigid demand groups to the greatest extent and maintain social stability.
epilogue
Real estate has a significant impact on the national economy and people's livelihood. The government must attach great importance to possible risks and adopt prudent policies to guide the smooth operation of the market. At the same time, buyers should also look at real estate rationally, and should not over-invest in arbitrage, so as not to fall into a "negative" situation. We have the responsibility and ability to maintain the stability and prosperity of the real estate market.
Statement: This article has been opened for rights protection on the whole network, and plagiarism is not allowed, and offenders will be investigated. Thank you for your understanding and cooperation!