Around the Mid-Autumn Festival, the flow of "live on" from Vanke venue makes people feel the chill of the real estate market. The information that Vanke's house prices in Xiamen and other leading cities are 60% off, or even half price clearance, confirms the dilemma of the market.Any speculative market has such characteristics. In the highest range of price, the last group of buyers who can't resist the impulse will pour all their positions into the market, the desire to buy will be satisfied, the bidding will disappear, and only the sellers will be left in the market, which will lead to the "Jessel paradox". Every crisis of real estate market enriches and perfects the "Jessel paradox".The history of economic crisis in the past century has repeatedly warned us that the bubble of real estate is the most dangerous bubble. Sooner or later, it will burst and eventually trigger the credit crisis. China's real estate market has gone through a golden age of 20 years. Small cyclical adjustment is the norm. There has been no systemic crisis similar to that in Japan, South Korea and the United States, but no big problem does not mean no problem.In the history of financial crisis in the past 100 years, most of the people have tripped over the real estate. We must be modest and cautious, respect the law and be careful in order to achieve a safe soft landing.
