The future of real estate will be very cruel:
I spent a long time looking at the data last night. The per capita housing area is no longer 40 square meters. The latest statistics show that our per capita housing area is 50 square meters, which is leading in the world.
The houses in stock in the hands of real estate developers, as well as the houses they have built on the land they have bought, cannot be sold out in the ten years under construction.
Real estate developers are all bankrupt, and you still want to make money by speculating in houses, then you are awesome.
The latest house price-to-income ratio in Japan is about 12, and Tokyo may be slightly higher. Can our young people afford to buy a house after working for 50 years?
The rent-to-income ratio of overseas houses is above 5%, and Hong Kong is above 4%. Let's see how much it is, basically more than 1%. It means that your house will take 100 years to recover the cost of renting it out. Isn't this funny?
Combined with the population trend, the housing market will be very tragic.
Of course, my personal opinion may be wrong, please forgive me. .