In addition to Huzhou, other provinces and cities have introduced a new provident fund policy. For example, Xiangyang, Hubei Province has opened a personal housing provident fund, which can be paid flexibly. In 2022, no matter how much the deposit balance is, you can borrow 600,000 yuan. This series of operations aims to further loosen the property market. Nowadays, the real estate market has indeed ushered in a cold winter. Both the state and the government want to stabilize the property market in this regard. The collapse of the property market is tantamount to bringing China's economy into a trough. Therefore, in order to stabilize the overall economic trend, the property market cannot be shaken too much.
Therefore, the provident fund policy has begun to further stimulate the real estate market. When we are considering economic funds and provident fund loans, I can. It is true that the loan interest rate is very low, but now people are facing not only the problem of reducing the loan interest, but also the down payment ratio supported by buying real estate, the loan pressure in the next few decades, and the real estate fraud that may be encountered when buying real estate.
Many new buildings collapsed and many families lost their money. Buying a house in China is tantamount to making a difficult choice with the help of the whole family, but if you accidentally buy a community that can't be handed over smoothly, it will be even worse for the whole family. Before that, there have been countless precedents to tell us. The advantages and disadvantages of buying real estate, so most young people now take stable work and timely enjoyment as their main consideration, and no longer take investment in buying a house as their primary task. Therefore, our current provident fund policy only encourages everyone to buy a house and let the real estate market return to normal.