Who would have thought it would drop to 500 thousand? Sellers don't want to fall, buyers don't want to fall, developers don't want to fall, banks don't want to fall, so many people don't want to fall, even if there is, they won't say that they will fall. Every city is a second-hand house, but few people take over, and everyone laughs at millions of properties. This is what is happening in China.
This is normal. Look at the stock market, it's the same. When the bull market rises, there are many bulls. No one is bearish and plunges into it until it is sold and rushed out. In the process of rising, bears will immediately give various reasons for bullish, and the cycle is very important.
If real estate can rise for another 50 years, it is right to be bullish. If it can only rise for three years, it is right to be bearish. The problem is that it is impossible to predict.