On May 17, Yang Ma added various nutrients to the property market, and made a series of big moves.
The minimum down payment for the first home loan has been reduced to 15%, and the second home has also been reduced to 25%; Cancel the lower limit of the national personal mortgage interest rate for the first and second homes; The interest rate on personal housing provident fund loans will be lowered by 0.25 percentage points, and a 300 billion yuan re-loan for affordable housing will be set up to support local state-owned enterprises in acquiring existing commercial housing.
Affected by this, the stock market also rose sharply, and the A-share real estate sector rose by more than 7% on the same day, and 20 stocks rose by the limit. Hong Kong stocks and Chinese real estate stocks also rose collectively, with Sunac China and Agile Group rising more than 24%, and Vanke closing up more than 19%. The new deal for the property market is also known as the most relaxed stimulus policy in 40 years.
To be honest, I don't care much about how the policy changes, and I don't care too much about the strength of the policy, I just look at whether housing prices will rise after the policy is introduced.
In the current environment, as long as the housing price does not rise, it is a good policy; As long as the policy does not increase the burden on the people, it is a good policy. If after the introduction of the new policy, the property market is "resurrected" and housing prices are also "resurrected", then the role of the policy must be re-evaluated.
The reality that must be faced is that Chinese developers are not a very socially responsible group, otherwise the real estate market would not be what it is today. On the other hand, after decades of tempering, the majority of residents have become more and more mature, especially the post-90s and post-00s, who will no longer be like their parents and brothers, who will make themselves miserable for a suite, and they will use their consciousness to tell the developer, don't want to bully me anymore. Therefore, the property market policy can be relaxed and stimulated, but we must hold the "bull's nose" of housing prices and don't let housing prices hurt the hearts of the majority of residents. Otherwise, the sword of housing prices will not only kill the "enemy", but also hurt oneself.