Be sure not to buy a house: the fight against the economic bubble.
In the current economic climate, my advice is: never buy a house, never buy a house. It seems to subvert traditional concepts, but it is actually a deep understanding of economic reality. Buying a house is seen by many as a sound investment, but in reality, it has become a confrontation with the economic bubble.
You may hear a lot of voices about housing prices, such as what is the net inflow of population in a certain city and the number of enterprises developing, but these are only superficial data and cannot reflect the essence of the economy. Remember, you're fighting the whole economic bubble right now, and that's the core point.
So what is an economic bubble?To put it simply, an economic bubble is the part of an asset that exceeds its intrinsic value. The current real estate market is a prime example. In many places, housing prices have far exceeded their real value, and this is a bubble. And when this bubble bursts, many people will face huge losses.
Of course, that's not to say that all houses can't be bought. If you have enough money and an in-depth understanding of the real estate market, you can consider buying in core areas such as Wangfujing in Beijing, Lujiazui in Shanghai, and Qianjiang New Town in Hangzhou. Because of the scarcity of properties in these places, there is a high investment value.
However, for most people, I don't recommend buying a property. Because the current house price has deviated from the value of the commodity. Many agents who sell a house will use all kinds of data to persuade you to buy, but you have to understand that these data do not reflect the essence of the economy. They just want to sell more houses and earn more commissions.
If I don't buy a house, how should I invest it, you may askMy answer is: diversification. Instead of putting all your money into the real estate market, you should diversify your investments and reduce your risk. You can choose to invest in financial products such as ** and bonds, or you can choose to invest in your own education, skill upgrading, etc.
In general, by all means do not buy a house, and definitely do not buy a house. This is a proposal that seems to subvert conventional wisdom, but it is actually a deep understanding of economic reality. The real estate market has now turned into a confrontation with the economic bubble, and in this confrontation, ordinary people are often the most vulnerable. Therefore, we need to be more cautious about real estate investment and not be easily fooled by superficial data.