The number of vacant houses is confirmed! This year, insiders recommend making 2 preparations
Although the real estate industry in China has developed rapidly in recent decades, as of June 2023, data from the Latitude Housing Institute shows that the number of vacant houses in the country has reached a new high. Leaving aside unsold homes, 2.5 million properties have been defaulted on their mortgages.
This data shows that many homeowners can't afford to pay high mortgage installments and prefer to give up their mortgages to alleviate stress.
First, why is the number of properties delinquent on their mortgages increasing?
Behind the increase in the number of vacant homes is the fact that homeowners are unable to continue paying their mortgages and are choosing to reduce their mortgages.
They risk being penalized by the bank, their personal credit being damaged, their homes being auctioned off or their personal property being confiscated to reduce their mortgage payments, which is a sign that they have lost the ability to repay their mortgage loans.
With the increase in the number of properties across the country and the increase in the number of homeowners who are out of supply, housing prices** have become an inevitable trend. House prices have been at a rate that is visible to the naked eye for years**.
This is back to the problem of people who bought houses a few years ago, and now the house prices are up**, and they are uncomfortable. Some people say that no matter when you buy a house, you buy it at the highest point.
For homeowners who buy a house, a small increase in house prices can mean a loss of tens or even hundreds of thousands.
Over the years, as the economy has declined, many people have lost their jobs and their ability to pay their mortgages has plummeted. Therefore, the only option is to cut off the supply. But in fact, too many homeowners are out of supply and can lead to house prices**. It's an endless loop.
Secondly, the actions of **TV stations have had a direct impact on home purchases.
At the end of December 2023, the bank released some blockbuster news, and although these news are not directly related to the real estate industry, however, for those who are planning to buy a house or are about to buy a house, this information is undoubtedly crucial, as it will directly affect your pocket.
The message released by the central bank was brief, and the specific content was:"The central bank has put 800 billion yuan into the market through MLF"。Many people wonder about the specific content of this message, what exactly does it mean?
To put it bluntly, this is one of the usual means and tools used by the central bank to regulate and control money. People don't need to understand what the term of this MLF is, they just need to know that this behavior of the central bank will make the big banks more and more money. The more money the bank has, the easier it will be for the customer to lend to the bank.
Many people take advantage of the house price ** to go to the bank to apply for a loan in the past few days, thinking that it is the best time to buy a house. However, due to the number of vacant homes and the initiatives of **TV stations, people who want to buy a home should be prepared in two ways.
Third, in 2024, you need to do both to buy a house.
1. Don't accept low down payments and large loans easily.
In the case of Beijing, the principle of buying a house was previously 35% down payment for an ordinary house, but now it has been reduced to 30%. The down payment for a second home used to be 60%, but now it's 40% for a second home.
In this case, many people go to the bank for a loan to buy a house and can't wait to start acting. This may seem cheap, but for people with unstable incomes, it's one"Buying a house trap"。Because they don't have any savings on hand, if they suddenly can't pay a month's salary, they will be forced to cut off their payments.
To buy a house, you need to have some savings in addition to a down payment. These savings will at least allow you to pay off your mortgage if you suddenly lose your job.
2. Don't buy property for investment purposes.
The current housing price control is still unstable, and no one can say whether the housing price will rise or fall in the future. If you don't just need to buy a house, buying a house for investment purposes will end up facing huge risks.
The bonus period for property investment is long gone, otherwise there wouldn't be so many vacant houses. The sudden price of the house will indeed make the previous buyer earn hundreds of thousands. But today's real estate market no longer has the conditions to suddenly**. There are too many vacant houses, too many houses that real estate developers can't sell, too many houses that homeowners haven't paid off their mortgages, and it's impossible for housing prices not to rise in the short term.
There has never been a better time to invest in property. When you're not sure if you're under mortgage pressure after a down payment and you're not thinking about buying a home for investment purposes. You should not be carried away by the information released by the central bank, and as an ordinary citizen, you should not easily become a house slave.
Conclusion. Buying a house is not child's play, let alone an investment method for ordinary people. If you're planning to grow in a city for a long time, and the city will grow in the future, then development isn't a bad thing. It is recommended that you find a house in a community within your ability to pay, whether it is a new house or a second-hand house, as long as it is cost-effective, you will not suffer a loss if you buy it. After all, buying a home is always a necessity for people with long-term development plans.