Is it wise or foolish to sell a house now?
1. If your house has appreciated a lot, but you don't lack a house to live in now, it is wisest to sell it and cash it out. Because you have cash, you can do other things, no matter how the house price rises, there will be a downward link. What should I do if I encounter it?
2. If you lack a house to live in, there is no doubt that you should not sell it, because it will never be more cost-effective than it is now. Qiqiang's bank loan interest rate will make you pay hundreds of thousands more!
3. Housing loan is the commercial loan with the lowest interest rate so far. If you have a house, you can sell it or not.
4. Method If your house has doubled in value, there is only one house. If it is me, I can sell it and buy another one. The cash raised by leverage can buy a higher and stronger house, or buy a set and keep some cash in my hand!
Why is the house getting worse now?
First of all, the macroeconomic situation has changed. COVID-19 has caused the world economy to decline, and China's gdp growth rate will also slow down, and every decline in GDP growth rate means that tens of millions of new jobs will fade. For a very large proportion of family environment, the decline of reliability at work and the decrease of family annual income will of course be reflected in social consumption, and so will the house as a larger daily necessities.
Secondly, financial institutions and real estate developers have been set the bottom line. In the past, they could collude with each other and try their best to push up housing prices. Nowadays, with the golden hoop, financial institutions have less weapons and ammunition for real estate speculators, and developers can get fewer applications. Of course, the market will greatly cool down and the predictions of real estate speculators will also change. It can be said that the period of making money by investing in real estate is over.
Families who can finally afford a house are not short of houses, and most families who lack houses have no money to buy a house. With the announcement of the guide price of second-hand houses all over the country, the liquidity of houses is getting worse and worse, and there will be more and more cases of real estate speculators selling houses, and there will be more and more cases of abandoned houses and broken supply. For a new home buyer, hesitation will increase, as long as it is not particularly anxious, or there is no shortage in mind, it will not take over at this stage. It is a good thing that the house is not easy to sell. People have to pay back all their lives, as well as the money they borrowed. In this link, the principle of moderation is the basic requirement. We should be diligent in increasing deposits and reducing unnecessary transactions to make reserves for the rapid development in the future.