We have always said that investment is risky and you need to be cautious when entering the market.
We generally talk about entering the market is the stock market, and today I want to talk about the property market.
China's real estate has developed rapidly in recent years.
Investing in buying a house makes many people earn a lot of money, but some people are ruined.
This house, as a commodity, goes up and down like the stock market.
Houses and stocks are not the same, because houses sometimes need just need, self-occupation needs, and improvement needs.
In 17 years, Xiong'an New District was established, and there was a Yanjiao near Beijing, which naturally hitched a ride on the development of real estate.
At that time, the speed of house growth was amazing, from 10,000 to 20,000 but 30,000, and many homeowners bought houses in Yanjiao.
At that time, the situation was very good, and there were many houses.
Self-occupation or investment, improvement of housing is the same, anyway, the house rises, more people buy.
Then at this time, in order to curb the rapid rise of real estate, the state came out to regulate the policy, and Beijing was the first to introduce it.
This Yanjiao belongs to the third or fourth category of cities, because it is on the border with Beijing, and the regulation here is as strict as Beijing.
As soon as a variety of measures to combat house prices came out, no one would buy a house except for those that had already been bought.
The real estate in Yanjiao has entered a cold winter, the price limit is limited, and various measures to suppress house prices have appeared one after another.
There are no new buyers, the house price listing is not interested, and the real estate in Yanjiao is no longer liquid.
The fall in house prices is also reasonable.
We all know that stocks are risky, where they go up and where they fall.
So we will all say don't borrow money to speculate in stocks, don't raise funds to speculate in stocks.
But we never say don't take out a loan to buy a house.
We know that investing in buying a house is very risky, and we rarely know that the risk of buying a home will be so great.
We know that the price of a property is at risk of falling, but really few people will know that the price of a house can also have the risk of being cut off.
As far as I know, during the global financial crisis in 2008, many people with real estate in the United States became homeless.
The down payment ratio of American houses is very low, some 10%, some 0 down payment.
In 2008, the financial crisis broke out in full swing, and many Americans who bought houses were taken away by the bank because they could not repay the mortgage, becoming homeless and homeless.
At the time, I was still thinking, the United States really can't do it.
However, this time Yanjiao is no lighter than the United States.
There is a house that falls, but a house fall in half is really rare, it is rare. In 2017, the three-bedroom apartment in Yanjiao, the total price was 4.26 million, and the house price fell to 2.35 million after 4 years.
For most home buyers, buying a home with a mortgage is the normal procedure.
A buyer's big brother has a down payment of 30%1.28 million, a loan of 2.98 million yuan, and a monthly mortgage repayment of 16800 yuan.
In the past 4 years, I have repaid 800,000 bank loans, maybe I didn't feel when I borrowed, I repaid the 800,000 mortgage, the principal was repaid 160,000, and 640,000 all paid off the interest.
This also owes the bank 2.82 million.
But now that the house has fallen, the current price of the house is less than 2.4 million, what to do?
At the moment of the epidemic, income is blocked, there is no money to repay the mortgage, only supply can be cut off, can only be cut off.
The house can't be sold.
When we buy a house and choose a bank loan, there are two ways to repay.
One is the equal repayment method, and the other is the equal interest repayment method.
Many people actually do not understand the difference between these two repayment methods.
If you choose the equal repayment method, that is, your subsequent repayment amount is the same every month, so that the repayment method is indeed interest repayment at the beginning.
You see that after 4 years, 640,000 repaid the interest, and the principal was repaid 160,000.
This repayment method is best not to repay in advance.
Of course, the average buyer like this does not know.
When I bought a house in 2006, I borrowed 600,000 yuan from the bank, and I chose the repayment method.
In fact, the bank did not introduce the second repayment method at all.
In '09, after a loan of 2 and a half years, I had money in my hands.
I remember when I was still over 4,000 a month.
I have repaid more than 100,000 yuan.
But I repaid the loan in advance, only to learn that I had only repaid more than 40,000 principal.
At that time, I also had more than 550,000 yuan.
Most of the money that was repaid before has been repaid with interest.
Another repayment method for banks is the equal interest repayment method.
This interest repayment method is the same interest rate for each repayment of the bank.
This way your money to pay the bank back every month is decreasing.
That is, when the front time you repay the amount is high, the back is decreasing in turn.
This repayment method is that the principal of the money you repay in the front is more, so that if you repay the loan in advance, it is a cross, so that the money repaid in front is repaying the principal.
Yanjiao, the buyer, chose to cut off supply for what reasons, he really did it wrong.
Whether you have money or not, this choice is the most stupid thing to do.
House prices fall, become waist cut, this is the buyer himself to bear the consequences, as long as you owe the bank money, this is your debt, you must pay back, you can not afford the monthly payment, you yourself have to pay back the pain of selling the house.
Well, this buyer thought it was simple, it cost 4.28 million to buy a house, and now it is only worth 2.4 million, and he lies flat, whether the house is dead or alive.
Something went wrong and it was going to be solved.
The bank sued for seven months, and then the house entered the judicial auction procedure, and the owner of the auction house had no right to dispose of it.
The last house was auctioned for 2.4 million.
Sell ken yourself more than this number.
The homeowner borrowed 2.98 million yuan from the bank, repaid 800,000 yuan in the previous 4 years, and made a down payment of 1.28 million.
The repayment of 800,000 yuan repaid the bank principal of 160,000 yuan, so it still owes 2.82 million to the bank, and now auctions 2.4 million, and still owes 420,000 to the bank.
And that's not all.
The bank sued the homeowner, the homeowner lost, and the lawyer fee of 120,000 yuan needed to be borne by the homeowner.
This is not enough, the homeowner still has 50,000 overdue interest, but also has to bear the case acceptance fee of 15,000 yuan, and the preservation fee is 5,000 yuan.
This cost an extra 190,000 yuan because of the indictment.
Now let's calculate how much money the homeowner lost in this 4.26 million house?
The down payment is 1.28 million plus the repayment of 800,000, plus 420,000 owed to the bank, and the various expenses of 190,000 are 2.69 million.
2.69 million!
Is there still an end?
It's not over, it's far from over.
The head of the household has no money.
The homeowner had previously paid a down payment of 1.28 million and a repayment of 800,000, and this 2.08 million was indeed lost, and his own money had already been paid.
But the bank is still owed by the 190,000 homeowners who have sued! Here are 610,000.
At the moment of the epidemic, money is not so easy to earn.
The 610,000 is the homeowner's bank, which is a new arrears.
The bank is not a good stubble, the bank will not care about people's lives and deaths, before 7 months of 16800 per month of detention fees to collect the homeowner 50,000 yuan.
16,800 yuan per month, a total of 7 months, the principal is less than 120,000, the bank will charge 50,000 interest.
Well, the court ruled, that can't be said.
Now the fact is that our big brother Mr. Mou, who has worked hard all his life, earned 1.28 million yuan to buy a house in Yanjiao, repaid the mortgage for 4 years, and repaid 800,000 yuan, because the house price fell sharply, because it may not be able to pay off the mortgage, and may deliberately cut off the supply.
The end that falls now is that the house is gone.
The 2.08 million that was once paid is gone.
Now we still owe 610,000 to the bank.
This bank is a dime, this new 610,000 does not want interest, this big brother's mr. will live in the nightmare of eternal repayment in this life.
This is China, and I really didn't expect such a thing to happen in our China.
What happens in today's society.
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