The real estate market entering 2023 has entered an adjustment cycle, and the data shows that the sales volume and sales of commercial housing have declined sharply, and the real estate market is facing huge challenges. In 2018, Li Ka-shing came to today's situation, reminding people to invest cautiously and predicting the trend of housing prices. However, with many families now owning two properties, they will face issues such as house prices**, difficulty in monetizing and increased pressure to hold a home. This article will ** these questions and provide some food for thought and suggestions.
In the current adjustment of the real estate market, it has become a phenomenon that housing prices continue to improve. Whether it is a large city or a small or medium-sized city, the bigger the housing bubble, the greater the risk of being burst. Families with two homes will face the pain of constant house prices** and shrinking assets. In Shanghai, for example, housing prices have fallen from more than 100,000 square meters in 2018 to 60,000-70,000 square meters. This situation reveals the existence of a housing bubble and hints at the possibility that families with two homes may suffer from the constant impact.
However, house prices** also present a great opportunity for home buyers. In the context of the gradual rationalization of housing prices, buyers can buy their favorite properties with a more reasonable **. In addition, ** will also increase the regulation of the real estate market, which is undoubtedly good news for stabilizing the market and protecting the rights and interests of home buyers. For families with two properties in hand, they can consider a property at the right time to reduce potential risks.
With the price of the house**, families with two homes in hand may face the problem of difficult to cash in the house. Many homeowners choose to sell their properties in the face of home prices** to stop losses as soon as possible. However, the current surge in the number of second-hand listings in various places has made the competition more intense. Especially after the implementation of the policy of "recognising houses but not loans" in first-tier cities, the number of second-hand housing listings has increased significantly. Today, the number of second-hand housing listings in Beijing has exceeded 150,000 units, and in Shanghai it has reached more than 180,000 units. At the same time, due to the impact of the epidemic, many people's incomes have decreased, and the demand for home ownership has been suppressed. This has led to an oversupply of the second-hand housing market, making it more difficult to monetize the house.
In order to cope with this dilemma, families should comprehensively consider their own economic situation and market environment, reasonably evaluate the value of the property, and formulate a reasonable strategy. In addition, by working with intermediaries and adopting effective marketing methods, the monetization of the property can also be improved. More importantly, families should have a strong sense of risk and flexibly adjust their real estate investment strategy according to the actual situation to reduce potential risks.
Households with two or more properties are at greater risk of losing their income or losing their jobs after experiencing the impact of the pandemic. This puts them under more pressure to repay their loans. In addition, households with multiple properties also spend more per month than those with only one home. For example, utility fees, heating bills, maintenance**, etc. are all additional costs that increase every year. As a result, families with two homes are not only under pressure to repay their loans due to reduced income, but also have to bear more expenses. This home-owning pressure can last for years.
However, in the face of this pressure, there are steps families can take to ease the financial burden. First, families can consider renting out their excess properties for an extra steady income. Second, you can evaluate your own spending and look for opportunities to save money, such as reducing unnecessary consumption and planning your family budget reasonably. In addition, families can also negotiate with financial institutions to seek flexible repayment options to ease the burden and protect their credit.
Families with two homes are faced with problems such as housing prices**, difficulty in monetizing their homes, and increased pressure to hold their homes. Through the analysis of these problems, this paper puts forward some thoughts and suggestions. However, it should be noted that every family's situation is different, and there is no one solution that works for everyone. Therefore, families should consider a variety of factors based on their own actual situation, and formulate corresponding coping strategies. At the same time, the first department should also strengthen the supervision and regulation of the real estate market to protect the rights and interests of home buyers and maintain the stability of the market. The adjustment of the real estate market is the general trend, and families should remain rational and make informed decisions to cope with the challenges ahead.