The real estate movement is profiteering-driven, overexploited, and insane. Whenever a crisis arises and housing prices are the highest, stimulus measures are always introduced and policy interventions are implemented. For more than 20 years, it has only risen but not fallen, leading China's industrial system into a dead end, and the crazy development of real estate, forming an irrational industrial system, employment system, and investment system, which is a stubborn miasma of economic development, which is equivalent to chronic poisoning. It has accumulated a lot of hard work and is terminally ill. All bailout measures have been exhausted, and only a large housing purchase subsidy is left.
The total number of residences has long exceeded two sets per household, and the waste of social resources has attracted worldwide attention. Sadly, we are still increasing financial support for developers, policy stimulus, RRR and interest rate cuts, and various rescue measures continue to be introduced, but housing prices are all the way. Including first-tier cities, housing prices have fallen by more than 30%, and many cities have collapsed. Many cities appear free of charge.
What is free room delivery? That is, the down payment that the owner has paid and the bank loan paid in the early stage, all of which are not needed. Whoever takes over the house, as long as he bears the bank loan in the later stage, the house is yours.
Among them, a property owner named Fang Qing in Sihui City, Guangdong, bought a house in 2019, in addition to the down payment, he began to repay the mortgage in July of that year, and has repaid the bank loan for five years. At present, the remaining loan is 460,000 yuan, and now if you want to get rid of this house, as long as you pay 460,000 yuan, you can buy this house.
Hangzhou Ms. Wang bought more than 100 square meters of three bedrooms and two bathrooms for more than 1.5 million yuan, and the developer decorated the house. Now you only need to pay off the mortgage debt of 1.16 million yuan, and you can get this house.
Recently, there has been a situation in many cities where they would rather lose the down payment and the mortgage repaid in the early stage, but also cut the meat out. On the one hand, it may be that it is difficult to repay the bank loan, and the loan will not only lead to the emptiness of the house and money, but also the loss of trust. But more reason, or everyone sees that the housing market has no prospects, and completely lost confidence in real estate.
There are too many houses built, and a family can't live in two sets. Oversupply, housing prices will inevitably be **, this is the law of commodities**. Don't believe the cost of building a house, there is no doubt that the price of the house will eventually fall below the down payment and then fall below the cost.
Don't even believe in policy bailouts. The means of regulation and control have long been exhausted, and the current policies of guaranteeing the delivery of buildings, public rental housing, and the transformation of urban villages are only to save the life of the industrial system and solve the problem of employment. In the end, not only will it not save real estate, but it will also increase inventory and exacerbate the real estate crisis.
Facts have proved that the over-development of real estate has caused an unprecedented waste of social resources in ancient and modern China and foreign countries. And this huge waste of resources will last for decades or even hundreds of years.
The crazy development of real estate and the formation of an irrational industrial system, employment system, and investment system are the stubborn miasma of economic development.
If the construction and its related industrial system are not transformed, the "pillars" are not overturned, and the stimulation of domestic demand is actually internal friction, and the so-called development is a tree without roots and water without a source.
If the policy continues to bail out the market, there is only one last resort, which is to issue a large amount of housing purchase subsidies. If you really give out a large amount of housing purchase subsidies, will you buy a house? Welcome to join the discussion.