The rise of #HOUSE is inextricably linked to the global economic context. In 2025, multiple countries around the world face a housing crisis: the price-to-income ratio in Toronto, Canada reaches 16:1, the homeownership rate among youth in Sydney, Australia falls to a 20-year low, and housing prices in first-tier cities in China, such as Shanghai, force young people to give up on their dreams of homeownership. The International Monetary Fund warns that the leverage ratio in the global real estate market (debt to asset ratio) has reached levels seen in 2008, increasing the risk of collapse. The narrative of HOUSE precisely hits this pain point; although its slogan 'the real estate market will collapse' is exaggerated, it resonates deeply with public anxiety. $House