This year, the domestic real estate market staged a wonderful "script killing". First, major real estate companies "crying poor and crying for pain", and announced prices and discounts, and decided to lay off employees and reduce costs, which brought a significant impact to local finances. After all, the high degree of dependence on the real estate economy has become a common phenomenon, and the calls for waiting for water to save the market are getting higher and higher.
Zhengzhou's real estate market has opened the beginning of a "sudden decline in housing prices". With the disappearance of the rising momentum of housing prices around the city, many real estate developers can't stand it and began to lower prices and discounts to try to get out smoothly, causing a considerable chain reaction.
If my country's real estate market can also be called a "market", as long as there is a one who reduces the price, it will inevitably attract the attention of competitors. There are only so many home buyers who need it. The discount on your price reduction here means snatching away customers there. However, many cities in the domestic real estate market strictly prohibit large-scale price cuts, which means that in order to prevent vicious competition, housing prices cannot be controlled.
Faced with the shortage of cash flow , many companies have broken capital chains, and real estate developers have large stalls and many real estate projects have started construction, so their funds are even tighter. This time, banks released a large amount of credit funds, and local finances were significantly affluent. In order to save their own land, various places began to release large amounts of existing real estate.
Recently, 87 cities have successively implemented price cuts and interest rate cuts to promote houses to alleviate the economic pressure on developers. However, the assets of the houses that netizens held in their hands before were significantly reduced, which led to greater pressure on second-hand houses. If second-hand houses also start to reduce prices in large quantities, it will lead to the unsalable sales of new and existing houses again, which is a vicious cycle of competition.
Therefore, many developers and sales companies that stock up on a large number of real estate will take the opportunity to "escape". No matter what, cash is the king, the bottom line. The house has become a hot potato, and whoever is hit is most anxious. For home buyers who need to take over the market now, taking over now is like trapped at a high level, and the gain is not worth the loss.
As a financial product that is artificially manipulated, the real estate market is like stock speculation. Once too many people are bearish, it is extremely possible to reduce the price significantly in the future. What's more, nowadays, economic growth momentum is insufficient, and rash investment requires a lot of risks. Houses have always been bullish but not bearish before. Now netizens’ perception of housing prices is that once they fall, they will be considered to fall until they collapse into a bargain price.
This is what many financial institutions and real estate developers are most reluctant to see. The centralized run of financial institutions can impact the entire financial system, and this financial attribute of a house also has the characteristics of centralized selling. Therefore, banks often use a lot of cash to deal with the concentrated runs caused by market panic and rebuild credit. The current real estate industry is also caused by lack of credit. Since the day of the Evergrande burst, real estate has awakened many netizens.
Henan Jianye Group's layoffs further increased netizens' concerns about high housing prices. Now people's trust in houses continues to decline is the key to the problem. The lack of credibility of real estate developers is the main cause of this crisis.
Financial institutions directly entered the market to rescue the market, but still could not raise this decline. Stabilizing the real estate market has become a major escape from real estate capital. Major real estate companies are rushing to sell real estate and recover funds, but netizens do not feel too passionate about it. After all, there is still room for decline, and there will still be major chain reactions in the future that will continue to decline. #farmer# #working# #house price#
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