For the past 20 years, people have focused on high housing prices, but ignored the impact of mortgage levels. From a salaryman's point of view, the level of mortgages has a much greater impact on us than the level of house prices. If the house price is high, we can choose not to buy a house, but the mortgage is high, and if you can't pay it back, you will not only waste time, but also lose the down payment.
Recently, "Economy**" published an article about the rise in the overdue rate of personal housing loans, which has aroused widespread attention. The article points out that the overdue rate of personal housing loans has risen to the highest level in the past four years, and the risk of personal housing loan support** by banks has also deteriorated significantly. This can have an impact on the real estate market and put people buying property in a difficult situation.
The reasons for the increase in mortgage overdue rates can be interpreted in a number of ways. The ** of housing prices has further increased the pressure on mortgages. In some popular cities, house prices are even more affordable than many homebuyers can afford. Even if you buy a home with a loan, high housing prices lead to higher monthly payments, increasing the burden of repayment for home buyers. With high housing prices, many home buyers have to spend everything they have, or even borrow money to buy a house, putting their financial situation in a precarious situation.
The decline in income levels is also one of the reasons for the increase in mortgage delinquency rates. In recent years, the global economic downturn has hit many industries, with a large number of people being laid off, and revenues have been significantly reduced or completely lost**. When you lose your job or your income decreases, it becomes extremely difficult to repay a high mortgage.
Highly leveraged loans are also an important reason for the rise in mortgage delinquency rates. Because of the ease of borrowing, many homebuyers opt for highly leveraged loans, raising their capital occupancy to the limit. In the event of a decline in income or financial difficulties, it is inevitable that you will not be able to repay your high mortgage.
Behind the rise in mortgage delinquency rates is a reflection of the fact that many people have not really realized that in the transformation of the housing market, simply buying a house does not mean that the investment is successful, and that highly leveraged loans are an unwise choice. Before buying a home, we need to do a thorough assessment and planning of our finances. We should lower our budgets and avoid overestimating our income. A lot of people overestimate their income when buying a home, which is an unavoidable problem. We need to be rational about our financial situation and make sure that the mortgage pressure is within our tolerance.
To sum up, it is not surprising that the overdue rate of personal mortgages has risen to a peak in the past four years, because of high housing prices, high interest rates, and high pressure to repay loans, and in recent years, incomes have plummeted, and even the number of people without income has increased, and it is reasonable that they cannot repay their mortgages. In the face of this phenomenon, we need to find a stable solution and not rush to buy a property, especially if we have spent all our savings and cannot repay the loan. For ordinary people, high housing prices are not our fault, but we can't blindly pursue them, otherwise it will be our responsibility. What we need is rational thinking and decision-making, not blindly pursuing vanity. Only in this way can we find real comfort and satisfaction in the process of buying a home.
The above is only a reference copy, not real data and facts, please modify according to your own situation).
The level of mortgage is indeed a very important issue for wage earners. Although the price of housing will also affect the decision to buy a home, if we cannot afford the mortgage, then even if the price of housing is low, it will still not be an option for us.
A recent article pointed out that the overdue rate of personal housing loans has risen to the highest level in nearly four years, and the risk of personal housing loan support** by banks has also deteriorated significantly. This situation shows that not only housing prices are soaring, but also mortgage pressure is increasing. When we can't pay our mortgage, we not only waste time and energy, but we can also lose our down payment. A typical example is that someone bought a house with a total price of 2 million three years ago, took out a loan of 1.4 million, and repaid a total of 2550 thousand. Unable to continue repaying the loan due to unemployment, the homeowner had to choose to cut off the mortgage and auction off the house. The bank took the remaining 11450,000, the homeowner can only get 3550 thousand. In this example, the homeowner lost $500,000 and has not yet taken into account the credit history and the woes of future loans.
Behind the rise in mortgage delinquency rates is the reality that many people don't really realise that simply buying a property doesn't mean success when the real estate market is transitioning. Highly leveraged loan options are not wise. Therefore, I recommend budgeting wisely when buying a home to avoid overestimating your personal income. Many people tend to overestimate their income when buying a home, which is an unavoidable problem.
It is not surprising that the overdue rate of personal mortgages has risen to a four-year peak. Rising home prices, rising interest rates, and declining incomes are putting pressure on loan repayments. In particular, the increase in the number of unemployed people in recent years has made it reasonable to be unable to repay their mortgages. Therefore, we need to think rationally and develop solutions to not buy property impulsively, especially not to spend all our savings and not be able to repay the loan. As ordinary people, it is not our fault that housing prices are high, but if we blindly pursue vanity, then the responsibility lies with ourselves.
Here, I think what we need is stability rather than vanity. We should listen to the advice of professionals, budget wisely and buy a house according to our means. When we can truly afford the mortgage and guarantee stable repayment, we can truly enjoy the equity of the property and the return on investment. Rational home buying is the key to ensuring a stable life in the future.
I hope that everyone can take the mortgage issue seriously, not blindly chasing high housing prices, but rationally plan their financial situation and make wise home purchase decisions. Only in this way will we be able to protect our interests in the transformation of the real estate market and at the same time lay a solid foundation for the future of our families. As always, we welcome everyone to have a friendly discussion about this, and thank you for your likes, attention, and favorites!