1. Economic structural root: economic model dominated by real estate 2. Social and cultural psychology: identity recognition and class anxiety 3. Institutional incentives: policy design and market distortion 4. Alienation of the real estate market under global capital flow 5. Generational value conflict and structural dilemma 6. Psychological perspective: security needs and herd effect 7. Future challenges and possibilities 1. Economic structural root: economic model dominated by real estate 1....