Picture: Why did the demise of the Taiping Heavenly Kingdom lead to the collapse of the Qing Dynasty property market?

After the demise of the Taiping Heavenly Kingdom, the main reason why the Qing Dynasty’s real estate market collapsed was because the prosperity of the real estate market at that time was actually just an illusion. After the complete demise of the Taiping Heavenly Kingdom, the Shanghai real estate market did not have such a large demand at all. , so many real estate companies went bankrupt at that time. In fact, the reason why so many people bought houses in some concessions in Shanghai at that time was mainly because Hong Xiuquan launched the Taiping Heavenly Kingdom. At this time, many refugees appeared. Basically, these refugees came to live in the concessions in Shanghai. Therefore, the concessions in Shanghai at that time were Houses are particularly popular.

At that time, not only some rich people from Shanghai would come to live in the concession, but even many rich people from Nanjing and Suzhou would come here. For a time, the supply of rental houses in Shanghai exceeded demand, so many foreign businessmen saw business opportunities and vigorously developed the real estate industry. But in fact, after the fall of the Taiping Heavenly Kingdom, many people have returned to their homes one after another. However, at this time, many businessmen have been dazzled by profits and have not recognized the reality at all. They think that the real estate industry in the Shanghai Concession It will definitely continue to prosper.

There are still many people building houses during this period, but after a while, no one comes to buy these houses at all. Later, about 6 of the 11 banks in the Shanghai Concession were on the verge of bankruptcy. Immediately afterwards, the world financial crisis also occurred, so many banks collapsed. At that time, the Qing Dynasty's economy also had big problems. .

In fact, whether in ancient times or now, housing prices will appear to be artificially high. As long as housing prices appear to be artificially high, there must be someone maliciously speculating on housing prices. There is no doubt about this. Including the current housing prices in many areas of our country are still relatively expensive. Of course, the government has also introduced many policies. Now the domestic housing prices will definitely not rise as outrageously as they did then.