It seems my understanding of the real estate situation this time was somewhat off the mark!
The state is determined to revive the real estate market. This time around, it was essentially a complete bottom-fishing in real estate, the true bottom. However, due to the lessons of the past year, and the path dependence on the Hong Kong stock market real estate bottom-fishing from the year before, the losses were too severe last year. As a result, I've been selling my real estate stocks gradually! Fangdd on U.S. stocks was the first one with a relatively large proportion and at a low position, but I sold it the night I saw it pull back. Sigh, the first time it got close to a 5-fold increase, I was still just a passer-by.
If the current policies fail to save the real estate market, there will be more policies introduced; just like how policies can suddenly make the stock market surge dramatically.
Think more about the recent events!
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