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Recently, a certain news said that a large real estate is not working, this news made me not sleep well for two nights, a kind of depression and palpitations haunted my heart, so that my mood is difficult to stabilize, I remembered that I was educated by a buddy in the Northeast six years ago.
It was still at the Wu Palace Hotel in Suzhou to participate in local business activities in Suzhou, I can't remember what the specific content was, during which the Northeast buddies said amazingly: "Ten years later, China's housing prices will fall by more than half, and our country's finance is going to have a big deal." Then a local person replied: "If there is ZF, what are you afraid of?" The government will not let house prices fall. Then the buddy asked rhetorically: "We have rescued the market with four trillion yuan in the Great Northeast, have housing prices fallen?" Everything has a way, like a dream bubble. ZF itself isn't the biggest Pandora, good! Wonderful! "Everyone is awakened! Only then did I realize that this is an eternal and unchanging logic! There is no solution, and it is scary not to say it. As a result, the cousin of the big man who is a loan shark in the north opened his mouth: "Housing prices in the Northeast have indeed fallen, and they have fallen a lot, but you let the family spit out the down payment?" Dream on! ”
Now, the words of this Northeast buddy seem to be being fulfilled step by step, but the time is ahead of schedule, and it is more violent than expected. Maybe everyone doesn't realize that the danger is really coming, but many people are unaware of it, thinking that it is a good thing that they can buy more houses if they are far away and have nothing to do with themselves.
However, if housing prices really plummet, 70% of China's people will be wiped out in an instant, don't you believe it? Let's break it down.
1. 70% of the wealth of the Chinese people is in real estate
According to the "2019 China Family Wealth Index Report" released by the China Household Finance Survey and Research Center of Southwestern University of Finance and Economics, the net value of real estate accounts for 77% of the family's per capita wealth, that is, more than three-quarters, even if cash and deposits are added together, it only accounts for a quarter. According to the data released by the People's Bank of China, the scale of housing loans in the country is close to 30 trillion, what is this concept? Let's put it this way, if you add enterprises and local financing platforms, China's debt scale is close to 100 trillion yuan, of which the debt of the residential sector is close to 60 trillion yuan, of which the 60 trillion yuan, the housing loan is close to 30 trillion yuan, that is, the housing loan accounts for 50% of the debt of the residential sector, once the housing price falls, many people will go bankrupt instantly, there is no doubt about it.
Second, 70% of the Chinese people's investment is in real estate
There are two aspects of investment here, on the one hand, there are many speculative real estate groups, in the early years, because of urban demolition caused by the example of getting rich, the state investigated the Jiang Ren case, Wen Qiang case and other corrupt officials found that tens of millions of dollars in cash is not a new thing, many people's money is obtained by reselling old houses, now these people own a large number of houses, once the house price falls, these people will go bankrupt instantly. On the other hand, many people buy houses through loans, rent out their houses, take out loans for rent, take the house as an investment, sell it when the house price rises, rent it out when the house price falls, and rely on rent to support the mortgage.
3. 70% of the leverage of the Chinese people is in real estate
Many families buy a house with six wallets, that is, the whole family works together, empties the family funds, borrows from relatives and friends, takes out loans, and finally scrapes together enough for a down payment to buy a house, and then, after taking out loans for decades, they are burdened with huge debts, relying on salary income to support the mortgage, and live a frugal life, which is the current situation of many families. Once the house price falls, many people will face the risk of cutting off the supply, once the supply is broken, the bank will take away the house for auction, however, many people are powerless, because the down payment plus decoration plus various taxes and fees have spent their life savings, and then carry decades of debt, many people will go bankrupt in an instant.
Fourth, 70% of the credit of Chinese people is in real estate
Nowadays, many people are taking out loans to buy houses, once the mortgage is cut off, the bank will take away your house for auction, however, many people are powerless, because the down payment plus decoration plus various taxes and fees have spent their life savings, and then carry decades of debt, many people will go bankrupt in an instant. However, the bank's loan will not be written off because the house is auctioned, on the contrary, many people will also owe a lot of debts to the bank, at this time, this person will enter the bank's blacklist, this person's credit system in China will enter the blacklist, and this person will never turn over in the future. In China, credit represents a person, and a person without credit is a "wasted person", just like China's "landlords" in the last century, who have become the enemy of the whole society. For the boss, the loss of employees will lose the foundation of survival, and for employees, the loss of the boss will lose the reliance on survival, and both parties will go bankrupt in an instant.
Fifth, 70% of the hope of the Chinese people is in real estate
For many families, the house is everything, the house is the hope, the house is the future, the house is the dream, many people are taking out loans to buy houses, taking the house as an investment, once the house price falls, many people will face the risk of cutting off the supply, once the supply is broken, the bank will take your house away for auction, however, many people are powerless to return to the sky, because the down payment plus decoration plus various taxes and fees have spent their life savings, and then carry decades of debt, many people will go bankrupt instantly. At this time, many people will lose hope, dreams, and future, just like a deflated ball, which will be deflated in an instant, and can no longer be puffed up. For many families, once they lose their house, they lose their hopes, their futures, and their dreams, and many people will lose the meaning of life and choose to end their lives, which becomes a family tragedy.
Therefore, once housing prices plummet, many families will be wiped out in an instant, which is the current situation of many families in China, and it is also the status quo of many cities in China. This status quo will make many people lose hope in an instant, lose their future, lose their dreams, choose to end their lives, and become a family tragedy. This is the current situation faced by many families in China, and it is also the current situation faced by many cities in China. We should be soberly aware of this reality, look at housing prices rationally, don't be kidnapped by housing prices, don't be bound by houses, don't be confused by houses, keep a clear mind, make the right choice, and avoid family tragedies.
A lot of people think that falling house prices are a good thing and that they can buy more houses, however, they don't take into account the consequences, they don't take into account the risk, they don't take into account the cost. Once housing prices fall, many people will go bankrupt in an instant, and many people will lose hope, lose their future, lose their dreams, and choose to end their lives, becoming a family tragedy. This is a very serious consequence and a very cruel reality.
Therefore, we should keep a clear head, look at housing prices rationally, and don't be kidnapped by housing prices, don't be bound by houses, and don't be confused by houses. For the government, it should strengthen regulation and control, stabilize housing prices, protect the housing needs of the people, avoid the sharp rise and fall of housing prices, and protect the interests of the people. For developers, they should strengthen self-discipline, operate in good faith, do not speculate on houses, do not hoard, protect the housing needs of the people, avoid the sharp rise and fall of housing prices, and protect the interests of the people. For ordinary people, they should look at housing prices rationally, don't be kidnapped by housing prices, don't be bound by houses, don't be confused by houses, keep a clear mind, make the right choice, and avoid family tragedies.
In short, the collapse of housing prices is a very big risk for many families, and it is also a very cruel reality. We should keep a clear head, look at housing prices rationally, don't be kidnapped by housing prices, don't be bound by houses, don't be confused by houses, make the right choices, and avoid family tragedies. This is a very serious topic, and it is also a very urgent topic, which we should attach great importance to, strengthen supervision, protect the interests of the people, and avoid the occurrence of family tragedies.