We can check the housing prices of many resource-exhausted cities. Compared with other big cities, their per capita consumption and housing prices are far below the national level. Because it started with resources, it declined with the exhaustion of resources, and there was no other funds to promote the local economic development in the ups and downs, so a new generation of young people gradually sought development opportunities in big cities, which made the originally declining cities worse.
Take my hometown as an example. Some people get rich by relying on the advantages of natural resources and prospering cities by smelting iron and coal, but the resources will be hollowed out one day. In the past 20 years, the local underground has been hollowed out, and the city has been seeking transformation, but it has not found its own way. Therefore, as the top resource-exhausted cities, our local housing prices are also the lowest in the province, even worse than some counties.
The second aspect is about the house he bought. As I said before, Gejiu is also a city that prospers the city with resources. But in recent decades, these cities are going downhill. Many local houses in Gejiu are actually old, and they can't sell at high prices in terms of decoration or years, so the prices of houses will definitely be lower.
Finally, the four seasons in Yunnan are actually relatively livable. Now that the house price is so high and there are such cheap places, many people with great pressure to buy a house have the idea of buying a house in a small town.