Why do people in China spend 70% of their money on houses?

I have put all my money into the house and feel unprecedented economic pressure. Houses have the dual attributes of assets and consumer goods, and should be treated as consumer goods, while 70% of ordinary people's assets in houses really should not be in these three aspects.

First, the house itself has the dual attributes of consumer goods and assets, which should be treated comprehensively. From its own attributes, the house itself has the dual attributes of consumer goods and assets, which should be treated comprehensively. Specifically, when we buy a house, the house itself is a consumer product. But when we buy it, the house will become part of our assets. Therefore, when we look at a house, we can't look at its attributes unilaterally.

Second, look at the house with the attitude of consumer goods every day. In our daily life, our attitude towards houses is the attitude towards consumer goods. Specifically, compared with all kinds of things we buy every day, there is no difference in essence except for function and price. Therefore, we should look at the house with the attitude of consumer goods. Only when we buy a house can we look at the house with the eyes of assets.

Third, the phenomenon that 70% of ordinary people's assets are in the house is really inappropriate. It is really inappropriate for ordinary people to put 70% of their assets on the house. The reason for this is that although the house itself is valuable, it cannot be replaced with other things we need in our daily life. Therefore, if 70% of a person's assets are in the house, it means that he doesn't have enough money to meet the needs of daily life, which is obviously not conducive to the stability and happiness of his life.

To sum up, 70% of ordinary people's assets should not be in the house, but this does not mean that the house is not an asset but only a consumer product, which is mainly a problem of economic development.