Five years later, will the house be "just picked" or "more unaffordable"? Li Ka-shing made it clear
Five years is not long, but for the problem of the house, five years is enough for many people's wallets to experience a "baptism". And the words of the former boss Li Ka-shing gave the majority of house slaves a reassurance. "Having a cash option is the most important thing," he said. "So the question is, will you pick a random house or will it be more unaffordable in five years?
Some people may say, "Of course it's just a pick!" After all, with the development of the economy and the improvement of people's living standards, people's demand and requirements for housing will also increase. Especially in first-tier cities, a house is not only a place to live, but also an investment product and a status symbol. However, is this really true?
Li Ka-shing's words tell us that cash is king. When the real estate market is booming, many people put their money into the real estate market, hoping to obtain more income through the appreciation of the property. But is this really the right thing to do?
First of all, we need to understand that a boom in the real estate market does not mean that everyone's earnings will increase. In fact, the property market is highly volatile, and investors can face huge losses if there is a change in the market. Second, just because the real estate market is booming doesn't mean everyone will be able to benefit from it. Especially in first-tier cities, housing prices are already ridiculously high, and ordinary people can hardly afford them. Even if you have enough money to buy a property, you need to consider whether there is enough living space for you.
Also, the cash option is the most important. This phrase is very important for home buyers. Whether it's when house prices are rising or falling, having enough cash can help you better manage risk when the market changes. If you put all your money into the property market, you will be exposed to huge risks if the market changes.
Of course, we can't deny the value of the real estate market. However, we need to be clear that the value of the property market is determined by market supply and demand, not by your demand for a home. If your demand is just a spur of the moment or a follow-the-trend purchase, then you may be exposed to more risks and uncertainties.
Is five years a good time to buy a home? The answer to this question depends on your specific situation and needs. If you have the money and time to deal with market changes, and you really need a stable living environment or investment opportunity, then buying a home may be a good option. However, if you don't have enough money and time to respond to market changes, or if you're just buying with the herd, then you may be exposed to more risk and uncertainty.
In short, in five years' time, whether to pick a house or be more unaffordable? We need to make decisions based on our own circumstances and needs. Li Ka-shing's words remind us not to put all our eggs in one basket and not to blindly follow the trend to buy property. On the contrary, we should be rational about the real estate market and do our own financial planning and management to deal with the risks and uncertainties brought about by market changes.
At the same time, we should also realize that the value of the real estate market is determined by market supply and demand, not by the individual's demand for home purchases. Therefore, before buying a house, we need to carefully consider our actual situation and needs, and do sufficient investigation and preparation to make an informed decision.
Finally, let's go back to the question at the beginning of the article: "Will you pick a house in five years or will it be more unaffordable?" The answer is not really important, what matters is whether you have enough money and time to deal with market changes, and whether you have enough cash to deal with possible losses. Only when you do your own financial planning and management will you be able to navigate the various risks and uncertainties of market changes.