Those who want to buy a house in China can wait another 2-3 years!
Recently, a well-known domestic law firm issued a warning for the bedside industry:
There are currently about 130,000 venture capital projects in China, which have absorbed a total of 8.6 trillion yuan in funds. Due to the blockage of various channels such as listing, most of the funds cannot be withdrawn normally.
Therefore, some venture capital institutions sued the companies and founders they invested in, and the founders became deadbeats.
The bosses and employees of these startups are the vast grassroots consumers in China and the main group of home buyers.
If these people become deadbeats or lose their jobs, who will buy the houses?
In the 2007 subprime mortgage crisis in the United States, it took 6 years for housing prices to bottom out, a drop of 36%;
In 1990, the Japanese housing bubble burst, and it fell for 30 years, a drop of 41%.
At present, except for Shenzhen, the general decline is about 32%, and the decline in first-tier cities such as Beijing, Shanghai and Guangzhou is less than 30%; so the downward trend of domestic housing prices will continue for at least 2-3 years.
