China's housing market is collapsing! 6 million Chinese families face the risk of their homes being

"We pay 5,000 yuan every month for our mortgage. But our monthly income is barely 4,000. We still have a child to raise.
When I tried to sell the house, I broke down halfway through the process. My sister said softly, “It’s okay, everyone’s like this now.” But I couldn’t even answer. I just cried.
I bought that house for over two million yuan. Now, I’m selling it for 1.3 million — and still, no one wants it. I owe over a million in loans and pay more than 5,000 yuan every month just to keep the bank from taking it.
In 2019, I bought another home in Guangdong for 1.8 million yuan. Today, it’s worth only 700,000. Houses that once cost 10,000 yuan per square meter are now back to 1,000. If someone had told me that years ago, I would’ve laughed. But now, it’s reality.


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