Li Ka-shing's prediction is accurate, and families with two homes may face three endings
The pain of the decline of the house**.
According to the data, the domestic property market has entered the stage of regulation and control, and is showing a downward trend. This creates a lot of trouble and burden for families with second homes. In the past, it was generally thought that the ** in the first and second tier cities would remain unchanged in the case of ** decline. But the reality is that even in first- and second-tier cities, the ** in their core areas will inevitably fall. For example, Shanghai's ** has dropped from more than 100,000 per square meter to 6-70,000 per square meter. This shows that the higher the degree of housing bubble in large cities and small and medium-sized cities, the higher the risk of its bursting. For those who own two homes, they have to face the dilemma of a continuous decline in the value of their homes and property.
In this context, the residents of the second home will not be able to meet their original investment expectations, so that their holdings will not be able to achieve their purpose of preserving and appreciating their value. They have to face up to the fact that the real estate market is weak and their assets are decreasing. This news made their hearts half cold.
Worries about the depreciation of the house.
Due to the declining number of homes**, many people who own a second home will sell their home in a short period of time to reduce their losses. However, now the entire country is experiencing a spike in the number of home listings. Especially after the implementation of the new rule of "only looking at houses, not loans" in first- and second-tier cities, the transaction volume of second-hand houses has surged. Today, there are more than 150,000 second-hand homes in Beijing** and more than 180,000 in Shanghai.
In addition, due to the impact of the epidemic, the salary level of many people has fallen, and the need to buy a house has also decreased, so the number of people who have bought a house has also declined. This leaves those with two homes facing the pain that their homes are difficult to cash in. They will face problems such as not being able to sell their homes, having difficulty recovering their investment, and incurring greater financial losses.
There is increasing pressure to hold a property.
As a result of the financial crisis, residents who own two or more homes will not only lose their jobs due to financial difficulties, but will also experience greater pressure to repay their loans. At the same time, they also have to pay additional expenses such as strata fees, heating bills, maintenance** and so on every month. And, because the house is idle, the rent will not decrease and will increase year by year.
In this way, the tenant of the second home will not only have to bear the burden of repayment due to the financial decline, but also the various expenses of the property. The stress of homeownership will continue for many more years and can be a huge burden for those who own a home.
Summary section. Families with second homes will inevitably face house prices**, difficulties in monetizing their homes, and increasing asset holdings in the future. This trend has already arrived at Li Ka-shing in 2018. However, due to the boom in the property market at that time, Li Ka-shing's ** did not receive much attention.
However, at present, China's property market has entered a period of regulation and control, many property speculators are mired in the quagmire, and many developers are also mired in debts and project stagnation due to blind expansion. The situation is even more serious with second homes.
Therefore, in the current economic environment, second-home residents may need to rethink their financial and investment strategies. It may be necessary to consider other ways of allocating assets to reduce dependence on the property market. At the same time, it is necessary to closely monitor the development of the real estate industry, and deal with the problems in a timely manner, so as to minimize the losses caused.
In short, Mr. Li Ka-shing is correct in saying the difficulties that a man with two houses will face. Housing prices**, difficulties in appreciating the value of a home, and the tremendous pressure to own a home all require them to make rational decisions and make the right plans. Only in this way can we seek a better development path in our country's real estate industry.