In the era of real estate downturn, migrant workers are the first to be affected. In the previous high leverage and high growth background, many problems can be covered up. Now that houses cannot be sold and the capital chain is tight, migrant workers are affected first.
What ordinary people can do is to try to avoid contact with engineering projects. When buying a house, you must be optimistic about the real estate companies and try to choose high-quality real estate companies, such as Vanke. In this era, civil servants have their salaries cut, not to mention ordinary migrant workers.
In the context of economic downturn, it is difficult to get work, difficult to collect debts, and various problems of not keeping credit will become more prominent, and there will be more and more deadbeats. You must restrain your desire to consume, make more money, protect your credit, and live well.
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