#精品长文创作季#
As early as a few years ago, there was news in the market that Chinese houses will be trade-in in the future, but until 2023, such good news is still not available.
However, in 2024, the government will take action and officially launch a new policy of exchanging second-hand houses for new ones, which has been implemented in many regions, and the people will also usher in new opportunities.
In the past period, the mainland real estate industry has become less dynamic because it has gradually become saturated.
More and more people have an old house in their hands and want to replace it with a new one, but they have no opportunity or extra funds.
What kind of development will the state bring about now that it is directly intervening?
1. China's real estate industry continues to be cold
Many years ago, flipping houses was a business that many Chinese middle-class people liked to do, but now the saturation of houses is very high.
Then there are two phenomena, one is that people's houses may have been lived in for many years, whether it is lighting or the quality of the house is not as good as before, and they want to replace it, but they have no money to buy a new house.
The other is that because there are already a lot of houses in the country, it is already difficult to open up a new real estate, and it must be audited.
As a result, existing houses cannot be sold, and old houses cannot be "sold", and people seem to be living in a vicious circle.
Those who used to hold multiple properties because of property speculation are also worried, and China's real estate industry has continued to cool in the past year or two.
To address this issue, a number of experts have offered ideas that they hope will drive the recovery of the real estate sector.
Because this is an important factor in maintaining the mainland's economy, some experts have suggested that the old can be exchanged for the new.
The so-called trade-in is actually to let the property go directly to the agent, and then let the agent sell it at a lower price.
In this way, the property owner can use the money from the sale of his old house to get a new one.
But generally speaking, the money in hand must not be much, after all, this is not really a trade-in, but to sell the house and buy a new house with some money by yourself.
After doing the math, many people feel that it is not cost-effective, and they have to add money to the left and right, and it is better to live in their old house.
So after the proposal lasted for a while, it was found that it did not work well, and it did not prevail.
As we all know, the real estate sector is related to China's economic growth, and in 2019, the added value of China's real estate industry accounted for 13.3% of China's GDP.
Not only that, but real estate also has a crucial impact on local finances.
Therefore, maintaining the stability of the real estate industry is of vital significance to ensure fiscal revenue and government revenue.
The government's revenue is generally used for social security and infrastructure, which is an important reason why the state is committed to improving the current situation of real estate.
In addition, many people used to invest in real estate when they had spare money, and if the real estate bubble is really completely shattered, it will lead to problems in people's livelihood.
There will be social unrest, unemployment will skyrocket, and the real economy may collapse.
In terms of economy, the mainland has always adhered to the policy of taking the market as the main body and the government controlling the general direction, but in recent years, the mainland government's intervention in the real estate industry has indeed become more frequent, and almost has played most of the leading role.
Previously, some people thought that the price of houses was a good thing, because only when the price of houses was reduced could we ensure that everyone who could not afford to buy a house would have a house to live in, which would be good for social stability.
But in fact, it can be seen from the government's continuous introduction of new policies to support the real estate industry that price reductions are not a good thing.
Because, with the ensuing fact that developers no longer buy land, the people's properties depreciate and are in a hurry to sell, and buyers think that there is still an opportunity to reduce the price again, so they will not start.
It can be seen that it is necessary to find a way to save the real estate industry beyond simply lowering interest rates.
Second, the trade-in policy brings new opportunities
In fact, as early as some time ago, some people proposed a policy of reducing mortgage interest rates so that people can have a lower down payment when buying a house.
But I found that the effect was not very good, because what everyone lacked was not the loan of tens of thousands of yuan at all, but the overall price of the house was indeed very high, which was comparable to European and American countries.
In this case, if you want to change the property market, you can only promote new policies.
Recently, the commercial housing in Hai'an City, Jiangsu Province has officially launched the policy of exchanging the old for the new, which is currently being implemented, and 15 owners have successfully realized the exchange of old houses for new houses.
The proposed policy is not to let homeowners put their houses up for others to buy as in the past, but to exchange them directly with the government.
In addition to Jiangsu, parts of Henan and parts of Shandong have begun to implement this policy.
It is understood that the policy is implemented in the urban area, and the first 100 sets of trade-in are currently intended, and now the number of applicants has skyrocketed.
It can be seen that the people who need to trade in the old for the new are indeed very wide, but everyone was unwilling to post another amount of money to live in a new house.
Now everyone has the courage to sign up because the government's new policy clearly stipulates that the price of the new house must not be lower than the price of the old house when the residents take out the old house and replace it, which is a good thing for the people.
After all, you don't have to spend a lot of money anymore, and you can still live in a new house.
Compared with the previous sale of the house to the agent, the current trade-in policy is beneficial to the residents.
Because after the house is reclaimed, the government will set up a relevant department to operate it.
The old houses will be used for sale, rental, or as a financing tool, and the government may also use these second-hand properties for rent and sale to migrant workers, or as apartments for talents.
It may even be included in the guaranteed rental system in the later stage, which will also help the mainland to realize a market where housing and rental are both rented and lived in in the future.
In this way, people who can't afford to buy a house can also live in a building, which can be described as a good thing to kill two birds with one stone.
The introduction of the trade-in policy will bring three major opportunities, first of all, it will be possible to revitalize the real estate industry and stimulate the recovery and growth of the real estate market.
In the past, people were dominated by buying houses, but now everyone is leading by improvement.
Because everyone wants to improve the place where they live, rather than blindly wanting to treat the house as a rigid need.
Therefore, there will be a large number of users who want to sell their houses and buy a new one, so the overall market size is large.
In the future, there will be a situation where everyone will change their houses to live in, so that there will be buying and selling, and the economy will gradually recover.
Secondly, the people's money can be flowed, and the extra real estate does not have to be planted in their hands.
The epidemic in the past three years has made many people see the dilemma of leaving their houses in their hands and unable to sell and rent.
Now that the government is in charge, everyone no longer has to worry about buying and selling, and they can live in a new house.
If you have more properties in your name, you can directly replace a brand new house and sell it at a higher price, which can be regarded as increasing your income.
Finally, this will also be a good thing for the government, the property market will gradually recover, the government land will be able to be rented and sold normally, and the economy will gradually improve.
3. Unknown risks may be borne by the government
It is worth mentioning that all new policies contain unknown risks before the implementation is completed.
In particular, the trade-in policy led by some regions this time is mainly for the government's asset management department to take away the old house and then pay the user.
As for whether the second-hand houses bought by the government can be rented out or sold, and at what price, it is unknown.
There is still a certain amount of uncertainty, which needs to be defined according to the reaction of the market, so the final risk is still relatively large.
However, compared to making ordinary people bear such risks, the government is the direct object of taking risks.
Whatever the outcome, it can be seen that the local government is now very sincere in driving the economy, after all, the government is facing the uncertainty of subsequent sales and leases.
More importantly, if the price assessment is not accurate enough, there is a risk of continuous decline in the subsequent sale and pricing of housing prices, resulting in the continued loss of state-owned assets.
This policy can be described as a risky move, if the later effect is better, then it will usher in a good situation.
It is a major achievement of China to save its own economy when the overall world economy is in decline, and it can also be widely applied to various cities.
But if the results are not good and the situation is out of control, and the house cannot be sold, then the government may pay for it, but in any case, it is a very good attempt.
As ordinary people, we don't have to worry about whether the government will spread all these risks on the people after losing money.
Because various local governments are currently doing pilot experiments, the number of houses recycled is still relatively limited, mainly with 100~200 sets as the recycling standard.
If there is a good effect, it will be open for implementation, and relatively speaking, there is still a certain guarantee.
epilogue
In any case, the trade-in of the house is epic good news for the people.
For buyers, this is a good benefit, which can protect their rights and interests from infringement, and they do not have to work hard to sell.
For buyers, they will also be able to buy houses at a more favorable price, and for renters, renting second-hand houses may be cheaper, which can be described as a multi-party benefit.
However, when the new policy is introduced, it is also accompanied by certain requirements, and the requirements and replacement policies in different regions are different.
For example, in some areas, only fixed real estate can participate in the exchange, and second-hand houses also need to be evaluated by professionals when defining the price, and the overall process is not simple, but overall it is still very worth looking forward to.
Resources:
The government has taken action! The second-hand housing trade-in policy has been implemented, and the people have ushered in new opportunities
https://www.toutiao.com/article/7355119576260149800/?is_new_connect=0&is_new_user=0&log_from=00eec1482951f_1713002564714
The government has taken action! The second-hand housing trade-in policy has been implemented, and the people have ushered in new opportunities
https://www.toutiao.com/article/7355777054337581577/?channel=&source=search_tab