Have housing prices hit rock bottom? Has the government started to roll out favorable policies? I listed my house for sale in the summer, And in just six months, the price has dropped by hundreds of thousands. Even so, it still hasn't sold. My friend is worse off; he bought a house for 2.6 million, Then renovated it beautifully, in a top school district. But now, even at 1.35 million, no one wants it. The agent says there are people looking at the house, but almost no one is placing orders. In just six months, the drop has reached over 20%. When will this end? The value-added tax announced today has been reduced from 5.3% to 3%, But I don't see it as a positive sign. Falling housing prices are like trapped tokens, Selling at a low price out of fear of further increases, But holding onto them, fearing that there’s no bottom, only lower prices. It seems like people are always facing this awkward choice.