Talk about the depression of housing sales.

In June, I expressed my views on the real estate market and some personal estimates. The main aspect of the estimation is the sale of houses. I already said in May that the sales of houses dropped a lot in April, and I also said in early June that the sales in May would be even worse. Not long ago, the housing sales data in May was finally released. Let's take a look first:

It can be seen from the decline in residential sales area that houses are still as difficult to sell in May as before, and the trend is that they are difficult to sell month by month, difficult to sell in May than in April, and difficult to sell in April than in March, and so on.

Seeing this, someone will definitely ask their own questions. China has a population of 654.38+04 billion, and a house is where everyone needs to live. But why can't the real estate market even get a population of 654.38+04 billion now? So what caused this?

The early expansion was too fast, especially in the past five years, developers took more and more land. In this context, many developers have many houses in their hands, and they also bear a lot of debts. On the one hand, there are too many houses, and it is enough to live in them, especially in those remote places, where almost no one lives.

In this case of rapid expansion, many developers are in debt crisis. Under this background, houses are prone to unfinished business, and even developers run away. Everyone is afraid to buy a house, and the house becomes more difficult to sell.

In such a bad economic environment, many people have no money, and it is difficult to maintain their lives, let alone buy a house worth millions or even tens of millions. People who have some money will have this sense of vigilance, and they will bring their money with them, so that the quality of life can be guaranteed.

In short, due to the over-exploitation of real estate, the supply far exceeds the demand, and its development is leveraged and speculative. Because there are more houses, the demand is less, and the purchasing power can't keep up. Without market expectations, who dares to add leverage to real estate speculation? Discarding quantity and insuring price is like a dammed lake. The cash flow is gone, but the debt can't be less. After a long time, it will gush out until it decomposes.