Recently, a property owner in Dongguan, Guangdong Province posted on the Internet for help, his house plummeted, and now the supply has been cut off, I don't know what to do, and I asked netizens to give a solution.
Here's how it happened, in November 2020, this netizen bought a 96-square-meter house from a developer in Songshan Lake, Dongguan, with a house price of 5.726 million yuan and an average price of 59,600 yuan per square meter. If you count various taxes and fees, the total price of the house is more than 6 million, and the unit price has exceeded 60,000 yuan per square meter. The down payment alone is as high as 1.76 million yuan (30% down payment ratio), and the loan is close to 4 million yuan, with additional taxes and fees.
Please note that this is Dongguan, not Shenzhen. Although Songshan Lake is relatively close to Shenzhen (only 20 kilometers away), and Huawei has invested heavily in building a campus there, it is Dongguan after all, and it is still not comparable to Shenzhen.
If this house is in Shenzhen, then 60,000 yuan/square meter is not expensive, because there are many houses in Shenzhen that exceed 60,000 yuan/square meter.
However, these 20 kilometers are the insurmountable gap in Dongguan's housing prices. Today, even the average price of a house in Guangming District, Shenzhen (20 kilometers away from Songshan Lake) is only about 45,000 yuan per square meter.
How much has the house price fallen? This netizen said that the current market price is about 2.7 million yuan. I have no savings at home to repay the mortgage, and the payment has been cut off for half a year, and the bank has issued an ultimatum that if I can't repay the loan in time, it will be auctioned. Even if the house will be successfully sold at a price of 2.7 million yuan, then he still owes the bank 1.2 million yuan. Since I still have a house in my name, this house may also be taken away by the bank, and I don't know what to do!
If this house is really sold at a price of 2.7 million yuan, then how much money did this netizen lose because of this house? The answer seems to be easy to calculate, that is, 6 million - 2.7 million yuan = 3.3 million yuan. Again, this is the case without interest, and if interest is added, the loss will be even higher. Such a large amount of loss is really a bit miserable. I'm afraid that even the people who buy a house in Yanjiao will be ashamed of themselves.
For this netizen's request for help, other netizens seemed indifferent, because many people thought that he was a speculator who originally wanted to earn the difference in the appreciation of the house, but now he is trapped, and he can only be described by the word "deserved".
What I want to say is that flipping tenants is hateful, but we don't have to be so mean, what if people aren't flipping tenants? Maybe it's just that business isn't going well. A real speculator may have 3 or more houses, right?
You must know that a person who dares to borrow nearly 4 million to buy a house has a relatively low probability of working as a worker, and he is likely to be in business, because the 4 million mortgage, according to the 30-year equal principal and interest, the interest rate is 5.45% (Dongguan's first home loan interest rate in November 2020), he needs to repay the loan of 22,586 yuan every month, and the monthly income is at least 30,000 yuan. In fact, few people with an average monthly income of 30,000 yuan dare to put so much pressure on themselves, especially those who work part-time, in case they are laid off, are you sure that they can seamlessly enter the next company? For the sake of insurance, people who dare to buy this kind of house have a monthly family income of at least 50,000 yuan. Even in Shenzhen, there are not many people who can earn 50,000 yuan a month.
After the implementation of LPR, the interest rate of 4 million loans may be reduced to 4.2%, and the monthly payment has also dropped to 19,560 yuan, although it is less than 3,000 yuan per month, but for a person who is nearly 20,000 yuan a month, it is still not too much.
What's more, this netizen still has a house, and that house may also have a loan, if that house also needs to repay about 20,000 yuan every month, the pressure is really too great.
Regarding the fact that the bank took away the house auction and owed the bank 1.2 million yuan, some netizens said that they don't have so much ability, why should they buy such an expensive house?
Some netizens also said that this behavior of the bank is unreasonable, because people buy houses and only mortgage their own houses to get loans, if you don't recognize the value of the house at the time, you shouldn't take out so much loans. Now that housing prices have fallen, and the borrowers can't afford to pay them back, the banks just take away the collateral from the debtors, so why should they make up the money? This is a very unreasonable behavior.
I support the transaction model without repayment. Because some people really managed to take out all the money in their 6 wallets to buy a house, but the work was not going well and the income was not enough to pay off the mortgage, so they chose to break the loan. It is already very cruel for the buyer to take the house directly from the bank, and as a result, they will owe the bank a lot of money, doesn't this give them no chance to turn over?
I suggest that the bank can imitate the margin model of futures trading, when the house price falls, the bank can let the buyer make up the deposit, if the buyer can not make up the payment, then go through the formal auction procedure, which can not only reduce the bank's loss risk, but also allow some buyers to stop the loss in time.
This is the best of times, but also the worst of times, with disruptive innovation and new business models integrated, the whole world is your stage!
In the world of new business, there are no eliminated industries, only enterprises that have been subverted, and now all business competition will focus on "subversion and reconstruction".
A company or a boss is doomed to fail early if it lacks the ability to subvert and restructure.
Remember: without innovation, how can there be imagination, without imagination, how can there be competitiveness, if you want to break through, you must subvert the original business model, reconstruct a new business model!