What does falling house prices mean for ordinary people? There's a highly upvoted reply online that goes like this.

Hardworking people would never imagine in their lifetime that they could be the biggest "prodigal sons".

Just ask, which of these—eating, drinking, whoring, or gambling—can make you squander 2 million in 3 years? But buying a house in Shenzhen can, 6 million can drop to 3 million.

Therefore, after 30 years of hard work, plus half a lifetime of savings from your parents, you're back to square one in a single day, all just a pipe dream.