In recent years, China's savings rate has begun to decline, while its debt ratio has been rising. According to the data, as of the first half of 2023, the total debt of Chinese residents has exceeded 200 trillion yuan, and the per capita debt has reached more than 14 trillion yuan. The main reason for this phenomenon is that China's rising housing prices have led to the vast majority of households needing to borrow from banks to buy a home. According to statistics, the scale of housing loans for residents in China has approached 39 trillion yuan. Therefore, it can be said that China has gradually transformed from a large saving country into a large debtor country.
In response to this issue, a wide range of discussions have been sparked on the Internet. Many people believe that people who own a house are more at ease than those who don't, because they have at least a stable place to live. In contrast, people who do not have a home face the dilemma of homelessness and naturally live a more uneasy life. However, there are also those who disagree, citing foreign property data to support their views. In foreign countries, 49% of households are renting and 51% are buying houses, and there is no significant difference. Therefore, they believe that there is not much difference in life between people who have a house and those who do not.
However, in reality, to answer this question, a comprehensive analysis from different perspectives is also required.
First of all, we need to take into account that house prices behave differently at different times, so the impact on those who own a house and those who don't have a home will also be different. If you bought a property at the beginning of the century, your finances will definitely improve a lot over the past 10 years. Because the market value of your property continues to increase, so does your wealth. Conversely, if you bought a property at an all-time high between 2018 and 2021, you may regret it now because the market value of home prices is shrinking. It can be seen that the situation of those who own a house and those who do not have a house are different in different periods of buying a house.
Secondly, people who buy a property feel more stressed when faced with the pressure of taking out a loan. Especially after experiencing the impact of the epidemic on the economy, many people have reduced their incomes or even lost their jobs, which makes the pressure to repay their mortgages even heavier. At the same time, you also have to pay the annual ** property fee, maintenance ** and other expenses, which brings an additional burden to life. In contrast, people who have not bought a house choose to rent a house, their life is less stressful, they have no debt burden, and they do not need to worry about the rise and fall of housing prices in the future, and they can live more comfortably.
Again, people who own a home have already made the choice of a home loan, and they have less choice. And those who do not own a house will have more options in the future. For those who buy a property at a high price, they will face the problem of constant house prices** and increased pressure to hold a home. However, those who do not own a house just need to stick to renting and wait patiently for housing prices to gradually return to "residential properties". When the housing bubble is depleted, they will have the opportunity to buy a property at a lower cost. Therefore, for those who are buying a home at a high price, the next 10 years may not be as good as those who do not have a home now.
To sum up, there are differences between people who have a house and those who do not have a house when it comes to facing life in the next 10 years. If people choose to buy a house at the beginning of the house price, they will have more peace of mind and comfort than those who do not have a house, because their wealth will increase with the price of the house. However, if it's someone who buys a property at a time when house prices are high, they tend to face significant financial pressure, so people who don't own a home may have an easier time. In addition, people who do not own a house also have more options to reduce the cost of buying a house when house prices fall.
In general, who will be more comfortable in the future depends on the individual's choice of time and location to buy a house. However, solving the housing problem remains an important issue for society as a whole. **Policies need to be introduced to stabilize housing prices and strengthen the construction of the housing rental market to meet the housing needs of different groups of people, so that more people can live a safe and comfortable life.