After reading this sentence of experts, I feel that experts are experts, and there is really no lower limit for blood transfusion to pillar industries. Buy a house at 50 and pay off the loan at 80! Retire to the market at the age of 65 to buy a wedding room, and then repay the loan at the age of 95! All my life, I have contributed my greatest surplus value to the capitalists! What a wonderful idea!
If we relax the age of "house slaves" to 80, do we want the pension to pay the monthly payment, or force people aged 70 or 80 to go out to work? In 2022, the average life expectancy announced by China is only 77.93 years, which is two years lower than the repayment period of 80 years! Obviously, for most people, this is a direct way to "expect non-performing loans". But in implementation, it is actually a relay loan for children, so that the loan can be passed down from generation to generation! I just want to say: real estate can be an engine, but it can't be a perpetual motion machine! This situation is reminiscent of a line in the movie "Let the Bullets Fly": "The tax in Goose City has been paid for 90 years".
In order to survive the current crisis, do we have to exhaust all the future of geese?
The logic behind absurdity!
The logic behind this policy is said to be like this. It is also a real purchase discount. The principle is to give buyers new purchase concessions while maintaining the original purchase restriction policy on the surface. In the past, when young people bought a house, they all emptied six wallets, and their parents made a down payment, so that young people could buy a house with higher leverage. Therefore, the scene of buying a house for the first time in China's big cities is 27 years old on average. In other words, older buyers are blocked by the purchase restriction policy, and children are set a longer repayment period and a more favorable interest rate by the policy, so parents pay for their children to buy a house.
Young people have bought a house with preferential interest rates for the first suite. In this case, if they choose to let go of the purchase restriction, let them buy two or even a third set and give their parents another place to buy a house. Parents will take their children to support the elderly, and of course, there must be a demand for the purchase of improved old-age housing. My parents haven't bought a house yet. If young people have confidence in the real estate market, let them use their parents' quota instead of buying a house, and then give their parents a longer loan period until they are 95 years old. Parents died unexpectedly, and young people inherited the house and continued to repay the loan. Isn't this actually releasing the purchase restriction for young people and giving them enough interest rate concessions and higher leverage to buy a house?
The overall design of this move is very clever, which is worse than directly releasing the purchase restriction. Release the purchase restriction. You can't tell young people that the third suite has interest rate concessions. Or 30% down payment? However, giving parents a quota, then greatly extending their repayment time and binding them to repay the loan, didn't it give them higher leverage and more favorable interest rates?
If you think the interest rate is too high and want to repay the loan in advance, the bank will not agree, which will set many obstacles for you to continue to repay the loan. Now I have given you a new place to buy a house and a low interest rate, so that you can buy another one before those rich people fool the real estate speculators again. Leek lives forever. Always leeks!