未来十年，没有流动性的房子千万不要碰
<section class="_editor"><p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;text-align: center;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<img class="rich_pages " data-croporisrc="https://mmbiz.qlogo.cn/mmbiz_jpg/enhWdvibLplKTaXw6iaG3Oibqnic44vJKLjUxCrBVQmSx6rkuTicsJfbBYib7HeWO7ic12Tpuic8Gez5jnWibUUicIm1a79A/0?wx_fmt=jpeg" data-cropx1="0" data-cropx2="1280" data-cropy1="264.7482014388489" data-cropy2="877.1223021582733" src="http://newcdn.96weixin.com/mmbiz.qlogo.cn/mmbiz_jpg/enhWdvibLplJKB8gZgcryVveYMd35r1YMNibHzSZvXbGLIVjAIgj9kCbdr5phjVhrEuPZOOmghib4fOWF3aKBBJCQ/640?wx_fmt=jpeg" style="box-sizing: border-box ;word-wrap: break-word ;width: 556px ;visibility: visible ;"/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;">文|凯风</span></strong></span><br style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">没有流动性，就没有价值。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;text-align: center;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 24px;box-sizing: border-box ;word-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;">01</span></strong></span>
</p>
<p style="max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;text-align: center;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<br/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">黑龙江鹤岗</span></strong></span><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">，以“收缩型城市”著称。这里的房子均价不足3000元，一套房子总价最低仅为几万元，不及北上深一个卫生间。即便房价已经白菜到如此地步，竟然还是卖不出去。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">2011年前后的温州</span></strong><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">，房价一度赶超北上广，然而一场民间借贷危机迅速将这个城市打回原形。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<br/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">当时的温州，是炒房团最大的发源地之一。当民间借贷危机爆发，资金链断裂，所有资产价格都不足以维持，变卖房产就成为唯一的拯救之策。越是急于变卖，价格越是向下滑落，温州房价从最高点一度腰斩。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;text-align: center;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<img class="rich_pages " src="http://newcdn.96weixin.com/mmbiz.qlogo.cn/mmbiz_png/enhWdvibLplJKB8gZgcryVveYMd35r1YMwp8mSIy69ibKnA4sEV3eMF6iauyX26xcx45ia37DmrlBH3jXGITWPVJsA/640?wx_fmt=png" style="box-sizing: border-box ;word-wrap: break-word ;width: 677px ;visibility: visible ;"/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">泰禾地产</span></strong><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">，2017年中国楼市最大的“地王收割机”之一，土地储备相当亮眼，然而2019年的今天，却面临着抛售资产、断臂自救的困局。</span><br style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<br/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">当年辛辛苦苦拿到的地王，现在只能低价抛售以回笼资金。究其根本，负债高企，回款缓慢，现金流无法清偿负债，同样是流动性出了问题。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">这三个案例，都指向了一个再简单不过的现实：</span><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;">任何资产，一旦失去了流动性，它的价值就会迅速退化。任何资产，无论当初的价格吹的有多高，只要无法兑现，最终都是废纸一张。</strong></span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">无论对于开发商，还是炒房团，抑或普通购房者，这个规律都适用。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;text-align: center;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 24px;box-sizing: border-box ;word-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 24px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;">02</span></strong></span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;text-align: center;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<br/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">什么是流动性？简而言之，变现能力，兑付能力，持续撬动杠杆的能力，将资产变现为现金的能力。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">房子失去了流动性，指的是</span></strong></span><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">有价无市</span></strong><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">，没有交易，任何价格、任何浮盈都只是空中楼阁；指的是</span><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">无人接盘</span></strong><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">，无论是对城市前景还是资产前景产生疑问，只要没有人再来接盘，那么原有的价格就难以为继。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">黑龙江鹤岗是资源枯竭型城市，经济下行，收入增长缓慢，出生率下滑，人口持续外流，即便有棚改货币化的刺激，但当地的楼市仍然激不起一点涟漪。当人们对一个城市的前景产生疑问时，自然会对这个城市的所有资产都打上问号，房地产必然首当其冲。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">本土刚需群体支撑不了，外来的接盘侠不看好，这里的房子就失去了的流动性。</span></strong></span><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">即便当初房价曾经攀上5000元的高峰，最终也会被抛回地面。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">鹤岗并非极端案例，在全国，有N个如鹤岗一样的收缩型城市。经济收缩、人口外流而住房供应过剩，即便目前楼市看起来依旧火热，即便新盘的开盘热度一日甚于一日，但只要未来没人接盘，所有的价格都只是空中楼阁。</span>
</p>
<p style="max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;text-align: center;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<br style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"><img src="http://newcdn.96weixin.com/mmbiz.qlogo.cn/mmbiz_jpg/FkEbUSAvsva9dq3Mey9pm2PwXNmUuFm7HibNf6eVKdVnjN6OAm612WgmCjgdkJcSYPyqsrNBia9ppkoQQRIPmafA/640?wx_fmt=jpeg" style="box-sizing: border-box ;word-wrap: break-word ;width: 677px ;visibility: visible ;"/>每一次次大宽松，全国各地房价都会随之上涨。普涨行情之下，无论是中心城区还是偏远郊区，无论是大城市还是中小城市，房价都会上涨，几乎所有人都能</span><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;">在账面上</strong></span><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">赚得盆满钵满。</span><br style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">不过，</span><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;">这些上涨，只是股市里的浮盈，只是博彩里的筹码，能不能拿出来才是关键。</strong></span><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">拿不出来，没有流动性的，浮盈从头到尾就是浮盈，没有多大意义。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">极端一点，如果遭遇温州式的厄运，出现踩踏事件并非不可能。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;text-align: center;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 24px;box-sizing: border-box ;word-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 24px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;">03</span></strong></span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;text-align: center;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<br style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">哪些房子未来将失去流动性？</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">第一类是没有二手市场的区域。</span></strong></span><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">没有二手市场，就没有交易套现的可能。二手市场过于羸弱，新房想要进行变现，就会存在极大困难。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">符合这一特征的，<strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;">一是绝大多数的县城。</strong>县城新房供应井喷，未来棚改拆建带来的新增库存又会蜂拥入市，这种地方很难产生二手房市场，有的话，也只会集中于个别区域。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">二是二三线城市的远郊区。</span></strong><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">这些远郊区，既无地铁线路流经，又无政府部门迁移，更无强势产业导入，教育、医疗配套同样一塌糊涂，更无法用于出租来回笼资金，这种地方也不会有二手房市场。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">第二类是非商品住宅及小众需求的房产。</span></strong></span><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">这包括商住公寓、小产权房、军产房、车库、非热点城市的旅居地产、缺乏更新及改造可能的老旧小区，以及部分发展中国家的海外房产。这类房产，凯风君在《<a href="http://mp.weixin.qq.com/s?__biz=MzIzODIwODkyMA==&mid=2650298108&idx=1&sn=5f7fe537b289161e5cf2f5835d1ad26f&chksm=f130240bc647ad1d34abdc766dd51cd2f708ca0731373e9b2f2f2136b025417af47a50c2abc0&scene=21#wechat_redirect" target="_blank" data-itemshowtype="0" data-linktype="2" style="-webkit-tap-highlight-color: rgba(0, 0, 0, 0);max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;">再说一次，这几类房子千万不要碰</a>》一文中有详细论述。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">这些房子的流动性本身就不如商品住宅。在楼市上行期，这些产品还会有人追逐，如果楼市进入横盘乃至下行周期，商品住宅尚且难以维持原来的价格，遑论这些政策风险与市场风险并存的另类资产？</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">第三类是政策锁死的流动性。</span></strong></span><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">这一轮楼市调控，不再只是用限购限贷来控制供给需求，而且引入限售来控制流动性。限售从2年3年到5年不等，限售越久，房子的流动性就越弱。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;text-align: center;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<img class="rich_pages " src="http://newcdn.96weixin.com/mmbiz.qlogo.cn/mmbiz_png/enhWdvibLplK8G2Nicaw342f5ibkkIXg1J5gytHarnpdfuy3ecsvLDrtKVPibdkPKII2B0bU5PNcB2FqOFBibuegCSg/640?wx_fmt=png" style="box-sizing: border-box ;word-wrap: break-word ;width: 677px ;visibility: visible ;"/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">值得注意的是，限售一般是从拿到不动产证开始算起，由于预售制度的存在，从购房到交房拿到不动产证往往需要一到两年时间，这些时间与限售周期叠加，导致房子被锁定的期限长达4-7年。</span><br style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">在楼市上行周期，所有人都还能耐心等待。但楼市一旦出现变故，想要套现却无法套现，想要退场却被强行按在其中，这必然会加剧资产持有的时间成本和风险成本。</span><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;">如果现金流难以为继，整个资产配置都会出现危机。</strong></span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">显然，限售周期过长的城市，一定不要轻易炒房，现金流必须要跟上。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;text-align: center;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 24px;box-sizing: border-box ;word-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 24px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;">04</span></strong></span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">所以，相比于房价，我们更应该关注的是房子的流动性。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">如何判断一个城市的房子是否有流动性？这里有三个指标：</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">一是空置率及出租情况。</span></strong></span><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">空置率可通过亮灯率来观察，而出租情况则可通过租赁市场来判断。租金回报率过低的区域，甚至租都租不出去的地方，流动性必然成问题。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">二是看市场真实供求规模。</span></strong><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">小产权房存在法律风险，商住公寓变现成本过高，军产房涉及的纠纷更加复杂，这些房子都相对小众，难以经受楼市周期的折腾，抗风险能力太弱，市场一旦转差，问题就会接踵而至。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">三是看二手房成交情况。</span></strong><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">对于一二线城市来说，随着土地资源开发殆尽，二手房市场未来将会取代一手房市场，有天量新盘供应但无对应二手房市场的区域要谨慎。对于三四线城市来说，既有一手房市场又有相当规模二手房交易的区域是首选。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<br/>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;text-align: center;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 24px;box-sizing: border-box ;word-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"><span style="max-width: 100%;font-size: 24px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;">05</span></strong></span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">请记住，房子是不动产，且是动辄涉及数百万乃至上千万资金的不动产，甚至是许多家庭靠六个钱包才能支撑起来的不动产，丝毫都疏忽不得。</span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"> </span>
</p>
<p style="margin-right: 8px;margin-left: 8px;max-width: 100%;min-height: 1em;font-variant-ligatures: normal;letter-spacing: 0.544px;orphans: 2;white-space: normal;widows: 2;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">还是那句话：</span><span style="max-width: 100%;font-size: 15px;letter-spacing: 1px;color: #7b0c00;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;"><strong style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;">未来十年，比房价和升值空间更重要的，是安全性和流动性。</strong></span>
</p>
<p>
<br/>
</p>
<p style="white-space: normal;">
<strong style="color: #3e3e3e;font-family: 微软雅黑;widows: 1;line-height: 25.6px;font-size: 18px;max-width: 100%;box-sizing: border-box ;">来源：国民经略</strong><br/>
</p>
<p style="white-space: normal;">
<strong style="color: #3e3e3e;font-family: 微软雅黑;widows: 1;line-height: 25.6px;font-size: 18px;max-width: 100%;box-sizing: border-box ;"><br/></strong>
</p>
<p style="max-width: 100%;min-height: 1em;letter-spacing: 0.543999969959259px;line-height: 30.2222232818604px;white-space: normal;box-sizing: border-box ;word-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;color: #d92142;font-family: 微软雅黑;font-size: 15px;font-weight: 700;letter-spacing: 0.544px;text-indent: 32px;white-space: pre-wrap;box-sizing: border-box ;word-wrap: break-word ;">文章观点仅代表作者观点，不代表本公众号立场；文中投资建议仅供参考</span>
</p>
<section style="max-width: 100%;box-sizing: border-box;letter-spacing: 0.544px;white-space: normal;font-size: 16px;word-wrap: break-word ;overflow-wrap: break-word ;background-color: #ffffff;">
<section powered-by="xiumi.us" style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">
<section style="max-width: 100%;letter-spacing: 0.544px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">
<br style="max-width: 100%;box-sizing: border-box ;word-wrap: break-word ;"/>
</section>
</section>
</section>
<p style="max-width: 100%;min-height: 1em;letter-spacing: 0.544px;white-space: normal;font-size: 16px;color: #3e3e3e;line-height: 25.6px;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;background-color: #ffffff;">
<span style="max-width: 100%;font-size: 15px;letter-spacing: 0.544px;color: #888888;box-sizing: border-box ;word-wrap: break-word ;overflow-wrap: break-word ;">版权说明：感谢每一位作者的辛苦付出与创作，《财汇》备注了原标题和来源。如转载涉及版权等问题，请发送消息至公号后台与我们联系，我们将在第一时间处理，非常感谢。</span>
</p>
</section>
页:
[1]