With the development of society and economic progress, more and more young people have begun to pay attention to their quality of life and happiness.
In this process, buying a house has become a major problem in the minds of many people, and the high housing prices and heavy mortgage pressure have discouraged many young people.
So, what would happen if young people chose not to buy a house?
1.The impact of the real estate market.
First of all, if young people choose not to buy a house, the real estate market will be greatly impacted.
Over the past few decades, the real estate market has been one of the important pillars of China's economy. A large number of real estate developers, construction companies, intermediary companies, etc. are dependent on the prosperity of the real estate market. If young people don't buy houses, these businesses and industries will face tremendous pressure to survive, and may even lead to the collapse of the entire real estate industry.
In addition, the contraction of the real estate market will also have a knock-on effect on the relevant industrial chain. For example, industries such as steel, cement, furniture, etc. will be severely affected. This will have a serious negative impact on the national economy as a whole.
2.The impact of financial markets.
Secondly, if young people choose not to buy a house, the financial market will also be greatly affected.
Since home loans have become one of the main businesses of banks, if young people do not buy houses, the bank's mortgage business will be greatly reduced, resulting in a decline in the bank's profits.
At the same time, due to the shrinking real estate market, banks' non-performing loan ratios are likely to rise, further exacerbating banks' credit risks.
In addition, the contraction of the real estate market may also lead to the instability of financial markets such as the ** and bond markets. Because there is a close connection between the real estate market and the financial market, the volatility of the real estate market is often transmitted to the financial market, triggering panic in the market.
3.The impact of social stability.
Thirdly, if young people choose not to buy a house, social stability may also be affected.
In traditional Chinese beliefs, owning a house is considered a basic condition for starting a family. If young people don't buy a house, their marriage, family, children's education and other aspects may be affected.
In addition, the shrinkage of the real estate market may also lead to the loss of a large number of real estate workers, who may face difficulties in life and may even embark on the path of crime after losing their jobs. This will have a serious impact on public order.
4.The impact of economic restructuring.
Finally, if young people choose not to buy a house, economic restructuring will also be affected.
Over the past few decades, China's economic development has been largely dependent on investment and exports. However, this model of development has become unsustainable. In order to achieve sustainable economic development, China has put forward a strategy of economic restructuring. Among them, the real estate industry is considered to be an important adjustment object.
If young people don't buy houses, it will be more difficult for the real estate industry to adjust. This will have a serious hindrance effect on the readjustment of the economic structure. At the same time, due to the shrinking of the real estate market, the income from land transfer will also be greatly reduced. This will have a serious impact on the fiscal revenue of ** and further increase the financial pressure.
5.The impact of personal life.
For young people, not buying a home means they can have more money to spend on other things.
For example, they can choose to rent a house to live in, which reduces the stress of buying a home.
However, not buying a home also means that young people may face more difficulties when facing issues such as marriage, family, and children's education. In traditional Chinese beliefs, owning a house is considered a basic condition for starting a family.
If young people don't have a house, their marriage and family life can be greatly affected. In addition, the education of children is a major challenge for young people. In many cities, owning a house is a must for your child to get into a quality school. If young people don't have a home, their children may not have access to quality education.
6.The influence of social perceptions.
As the phenomenon of young people not buying houses becomes more and more common, social attitudes will also change to a certain extent.
In the past, owning a home was considered a sign of one's success, however, as it becomes more common for young people not to buy a home, this notion will gradually be broken.
Summary. In short, if young people choose not to buy a house, the real estate market, financial market, social stability, economic restructuring, policy adjustment and personal life will be affected to varying degrees. Therefore, we cannot simply think that it is necessarily a good thing for young people not to buy a house, on the contrary, we should think about this issue from multiple aspects, looking for a way that can meet the needs of young people and keep the real estate market stable.