I observed that among the middle class around me, over 80% have fallen back into poverty in recent years.
The reasons vary, with half of them due to property depreciation. Anyone who bought property after 2018 has basically seen their assets shrink by more than half.
Early on, when people had money, they liked to invest in commercial properties and real estate. A friend had a commercial property worth over 2 million, now it can't be sold even for 500,000. Even with price cuts, it can't be rented out. The entire commercial district has been abandoned.
Apart from real estate, there are various o
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