The decline in income is a big reason for the current decline in housing prices.
Especially for the new middle class.
The income has dropped so much in the past two years.
If you ask these people with declining income to buy houses with high leverage, they are unwilling to do so.
Because, when their income drops, for example, they earn 500,000 yuan this year, and their mortgage is reduced to 250,000 yuan. Then, by next year, their 500,000 yuan income may drop to 300,000 yuan, but at this time, the mortgage is still 250,000 yuan a year.
Their income will drop, but the mortgage will not drop.
When income drops but debt does not change, people are under great pressure.
These new middle class people are generally highly educated people. They are more sensitive to their current income. It is still difficult for them to buy houses with debt. #CPI数据 #新币挖矿 #Meme #sui #SHIB
