Today's property market is in a downturn, and many people are beginning to question whether they should buy a home. If you don't buy a house, will you regret it in the future?To answer this question, we can start from the phenomenon of the property market and find the answer. This article will explain the three phenomena of the property market to illustrate that if we don't buy a house this year and next, we are likely not to regret it in five years and may become a big winner in life.
In our country, the rate of home ownership is very high, almost every family owns a property, and a considerable number of families even own more than two properties. This leads to less and less demand for housing in the future, and it also means that the property will be greater than the market demand, resulting in a gradual increase in the pressure on house prices. Although this also includes housing for rural residents and resettlement housing, the surplus of real estate has become a fact. Therefore, after five years of not buying a house, it is possible that we will not regret it.
Expansion: In recent years, the phenomenon of overabundance of houses has become more and more apparent. According to the Ministry of Housing and Urban-Rural Development, China already has 600 million houses, and if each house lives five people, then 3 billion people can be resettled. This number is already far more than the total population of our country. Even taking into account the inclusion of special real estate such as rural residents' houses and small property rights, it can be seen that the situation of real estate surplus can no longer be ignored. In addition, according to statistics, 96% of households own more than one property, of which 41 households own two or more properties5%。This also confirms the phenomenon of oversupply of real estate, in which case it is inevitable that there will be a ** house price.
In the past, during the downturn in the property market, as long as favorable policies were introduced, the property market could often recover quickly, and even housing prices may appear. Today, however, the situation is different. No matter how to introduce favorable policies to stimulate the property market, its effect is very limited. This is mainly because the property market has entered a downward cycle and the macroeconomic trend has changed. Ma Guangyuan, a financial expert, pointed out that real estate is no longer the best investment in China, and housing prices will gradually return to residential properties in the future. Therefore, the favorable policies of the property market can only temporarily postpone the adjustment process of the real estate market, but cannot change the general trend. Future housing prices will be linked to the income of local residents.
Expansion: Although there are many favorable policies for the property market, the effect is not obvious. According to statistics, more than 500 favorable policies have been introduced since the beginning of this year, including the cancellation of purchase restrictions, the reduction of the down payment ratio, the reduction of mortgage interest rates, and the increase of provident fund loans. However, these policies have little stimulating effect on the property market. The main reason is that the previous downturn in the real estate market was after the first cycle, so a little favorable policy stimulus can have a big reversal. Now that the property market has entered a downward cycle, changes in the real estate market have become a general trend. Therefore, favorable policies can only delay the adjustment process of the real estate market, but cannot reverse this general trend.
In the past, new homes sold out quickly as soon as they opened, but that has changed. At present, the area of commercial housing for sale has reached 6400 million square meters, developers have more than 7.2 million units of commercial housing in their hands to be destocked. In the future, developers can only achieve the goal of destocking and recoup funds by significantly reducing prices**. At the same time, the sales of second-hand homes are not optimistic. The number of second-hand housing listings in most major cities has exceeded 100,000 units, and even the number of listings in first-tier cities is even more amazing, with more than 150,000 units in Beijing and more than 180,000 units in Shanghai. This not only shows that second-hand landlords are cautious about the future market, but also means that the downward pressure on second-hand housing will increase. Therefore, not buying a house at the moment, we may not regret it in five years.
Expansion: The current property market, whether it is a new house or a second-hand house, is difficult to sell. In the past, new homes were sold out quickly as soon as they opened, but now the sales of new homes are becoming less and less optimistic. The area of commercial housing for sale has reached 6400 million square meters, developers have more than 7.2 million units of commercial housing in their hands to be destocked. In order to achieve the goal of destocking, developers can only withdraw funds by significantly reducing prices. At the same time, a similar situation has emerged in the second-hand housing market. The number of second-hand housing listings in many important cities has exceeded 100,000 units, and the number in first-tier cities has exceeded a staggering number. More than 150,000 second-hand houses were listed in Beijing and more than 180,000 in Shanghai. This not only means that landlords are not optimistic about the future of the housing market, but also indicates that the downward pressure on second-hand housing will be increasing.
Considering the above three phenomena, today's property market is already facing serious problems. With the surplus of real estate, the effect of favorable policies in the property market is not obvious, and the difficulties in the sale of new and second-hand houses, the pressure on housing prices is gradually increasing. Therefore, if we don't buy a property this year and next, we may not regret it in five years, and we may also be a big winner in life. At that time, housing prices will return to residential attributes, linked to the income of local residents. However, whether or not to buy a home is still different for each person, taking into account their own financial situation, family needs and personal long-term planning.