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Thread: What will happen if the house price continues to rise in ten years?
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[quote=JIMMYB,236853]According to the statistics, the house price in Beijing and Shenzhen in May has increased 51.57% compared with the average price in last year. Compared with April, it increased 22.86%. Now let's do a mathematical problem. Suppose that the house price increases 22% every year and the house price per square meter is 14000 RMB( the present price of the house price in Shenzhen).Ten years later, it will reach 83800 RMB per square meter. If you want to buy a house about 120 square meters, you need to pay 10,056,000 RMB. How can you imagine this? If the house price continues to rise about 22% per year, there will be fewer people who can afford to buy a house. Those wihte-collars will be homeless just like those beggers on the street. Two ends are prepared for this. One is the bubble of real estate will collapse, the other is that serious social problems will appear. [/quote]
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