I saw a post on the Internet a few days ago, and it was quite sad.
A netizen in Nanjing, born in the countryside, relied on his hard work for more than ten years to finally buy a house in the city. However, he hasn't been happy for too long, and in order to treat his mother's illness, this netizen can only sell his real estate in pain. In the end, an account was calculated, and the property was held for 4 years, with a loss of 1.7 million, and ten years of hard work returned to zero overnight.
At the end, the netizen sighed: "I feel that the world of adults is too difficult." In the future, I just want to live and live, and live one day at a time, lying flat. It feels like all the effort is meaningless. When people reach middle age, they return to poverty overnight. I just want to love myself well in the future. ”
A young man from a rural area, who has been in the cold for ten years and has worked hard for another decade, can buy a house in Nanjing, which proves how motivated and excellent he is. But in the end, he sighed, he just wanted to live and just want to lie down, which was sad.
Housing prices are rising, some people are complaining, housing prices are falling, and some people are crying out for injustice. So what is the best housing price?
In fact, for people who have not bought a house, it is natural that they want house prices to continue to fall, because only in this way can they get a more cost-effective property at the lowest price.
For many, however, a sustained decline in house prices could trigger a ripple effect that could affect the wealth security and quality of life of the middle class. Even if it falls any further, the middle class may return to poverty.
.01
The impact of falling house prices on middle-class wealth
Imagine working hard to save money to buy a house, only to have housing prices fall all the way, and this feeling is like the fruits of your hard work evaporating in front of your eyes. For middle-class families, the house is not only a shelter from the elements, but also a symbol of their savings over the years.
When housing prices fall, this wealth seems to be quietly erased by an invisible hand, and their sense of economic security and pride is damaged.
For many middle-class families, property is a big step up the social ladder. But when house prices fall, it's like the dream is ruthlessly torn apart.
What's more, falling house prices could also lead to a decline in consumer confidence. After all, when people see their biggest assets shrinking, how can they spend and invest with peace of mind?
For example, after the decline in housing prices in the past two years, many families have reduced their consumption at the same time, and some enterprises have also fallen into a sharp decline in orders or even closed down, and workers are facing unemployment.
These people have no income, cannot afford the mortgage, and the market supply is unbalanced, and can not sell the property in a short period of time to relieve the pressure, they will fall into the risk of supply interruption, and finally they will face the experience: the loss of money and housing, the middle class back to poverty!
More importantly, once price declines become a pervasive, the economic activity of the entire society may be affected as a result. At that point, the fall in house prices will affect not just one person, but the entire economy.
.02
The chain effect of the real estate market
When it comes to house prices, many people may only think of buyers and sellers, but in fact, the real estate market is like a huge net that affects the whole body. Housing prices are falling, and every node on this web will feel the shock.
Not only developers, intermediaries, but also building materials companies, furniture manufacturers, decoration design companies, and even banks and financial institutions will be affected.
Let's sort it out: when house prices fall, developers shrink profits, reduce investment when they run out of money, cut salaries or even lay off employees, and the entire real estate sector will fall into a cold winter as a result.
This was followed by the loss of construction workers, the decline in orders from home furnishing companies, and the setback of the bank's mortgage business...... Small and micro business owners, who have always relied on mortgage loans, have difficulty obtaining loans and have fallen into bankruptcy......
To put it bluntly, real estate is not implicated in one or two enterprises, but may lead to a slowdown in the entire economic growth, touching all corners of the social economy, because once the practitioners of any industry fall into unemployment, it will not only affect the personal life, but also affect the family behind it.
According to the Communiqué of the Fourth National Economic Census of the National Bureau of Statistics (No. 3 and No. 4), at the end of 2018, there were 12.635 million employees in real estate enterprises and 1.218 million construction enterprises with 58.089 million employees. There are 7-80 million employees alone, and there are other related industries, enterprises, and employees, and the impact is unimaginable.
Epilogue:
The fluctuation of housing prices affects not only the market itself, but also the life of every family and individual. We have seen that when housing prices fall, it not only has an economic impact, but once the negative chain reaction opens, many middle classes will fall back into poverty as a result, and even pose a potential threat to social stability.
Therefore, at present, finding a balance between housing price stability and social and economic development is an important task facing us.
Wan Ziwen said: Every word of the article was typed out by me, and I clicked "watching" to let me know that you are also "doing your best" for life.
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