** China Visit Network
Author Yihang Studio
The Chinese New Year is coming soon, but Xiao Wang, who works in a first-tier city, is a little difficult, working for a year with empty pockets, no car and no house, and I don't know how to face my parents and fellow villagers. At this time, he suddenly swiped a post on the Internet that a landlord in Sihui City, Zhaoqing City, Guangdong Province wanted to give away his house, and said that he would not accept a penny and was willing to notarize the contract.
Xiao Wang's heart was moved, but he was a little scared, would pie really fall from the sky?
Sought-after pies, and such a good thing?
When he heard the news that the house was given away for free, Xiao Wang's first reaction was disbelief, but this was indeed the truth. The search found that not only in Sihui City, Guangdong, but throughout 2023, in Hefei, Wuhan, Qingdao, Nanjing, Kunming and other places, owners have posted information such as "free delivery" on social platforms.
Can you really want this house? The answer is no. There is a good saying, all the gifts given by fate have long been secretly marked **. Of course, pies will not fall from the sky, and no stranger will give someone a house, which is all caused by buying a house at a high level and reducing the price of the house.
Most of the free house delivery posts show that the house is indeed a free gift and no money, but the house itself has debts.
Take the landlord's house in Sihui City, Guangdong Province, for example, her house was purchased in 2019 at an average price of 8,090 yuan per square meter, and there is currently a loan of 460,000 yuan left. Up to now, the average price of new houses in the community is about 6,000 yuan square meters, and now the new houses of the same type are about 500,000-550,000 yuan. The remaining loans are not considered "leaks" compared with the ** housing prices sold in the community.
That is to say, free delivery of housing is not really "free", it is equivalent to selling you with the ** of the "total remaining mortgage loan" of the house, and free delivery of housing is about the same as free delivery of mortgage.
If you don't have to make a down payment, does it mean that you are cheap?
Why did the phenomenon of "free delivery" suddenly appear across the country? This is related to the cyclical adjustment of real estate in recent years. The post shows that these homeowners who give away houses for free are all users who followed the trend in the last round of house price increases fiercely and at a high level, and entered the real estate where speculators are piled up. Those who win are rich, and those who lose are bankrupt.
What no one expected was that the most profitable real estate market would also explode, with the expectation of housing prices, encountering endless ups and downs, housing prices plummeted, and compared with the highest point, they were cut in half.
These people who do charity and give away houses for free are all unlucky people who enter the market at a high level, and they have added leverage. Those who can bear it, grit their teeth and continue to pay for their ambitions, and those who can't bear it are basically in a state where selling the house is not enough to repay the bank loan. "Giving away" the house is equivalent to throwing away the hot potato.
On January 17, the National Bureau of Statistics announced the changes in 70 urban housing ** in December 2023 and the basic situation of the national real estate market in 2023.
In December 2023, among the 70 large and medium-sized cities, only 7 cities have new homes** month-on-month and year-on-year **; The second-hand houses in 70 cities were down month-on-month, and only 05%。Even second-hand residential sales** in first-tier cities fell by 1% month-on-month1%。Among them, Beijing, Shanghai, Guangzhou and Shenzhen fell respectively5% and 11%。The pressure on high-ranking buyers is only going to get stronger.
However, Xiao Wang still has a fluke mentality, even if he has a mortgage, but this is not a down payment, and he can still save a lot of money. So does not having to make a down payment mean you are getting a bargain?
There is a saying: free is often the most expensive. Free housing existed in an era where not only high housing prices, but also high mortgage interest rates. If you accept a home without a down payment, you'll have to pay for the remaining high mortgage interest rates.
Since the beginning of this year, many places have continued to reduce the interest rate of the first home loan. As of mid-January, the interest rate on the first home loan in Dongguan, Foshan, Hohhot and other places has dropped to 38%, about 60 of the 100 cities in the first home loan interest rate has entered the "3 era". In addition, many places have successively lowered or even eliminated the lower limit of the first home loan interest rate. Even if you don't have to make a down payment, the subsequent loan is enough to buy a new house. The cost of buying a new house now is much more cost-effective than taking over this kind of house.
At the same time, industry insiders said that this kind of trading seems to be lower than the normal market**, and in fact the risk will increase a lot. For example, this kind of free landlord is generally short of funds, may involve debt problems, and may even be sued or enforced. If it involves the transfer of ownership with a mortgage, it should be noted that the process of transferring the ownership with a mortgage itself is complicated and there are certain risks, so it is necessary to communicate with the relevant local departments and banks in advance about each process and details.