First, the down payment is basically to use "six wallets" or collect relatives and friends, and then borrow from the bank after the down payment is 30%. At present, the bank's mortgage policy is relatively loose, while the development loan is relatively tight, so basically young people can put down their mortgages as long as they have a stable income, but the mortgage interest rate is different.
Secondly, there are many China people. Their older generation died. They sold their houses, then sold their own houses, and then borrowed money from banks to buy houses. This is also the practice. Of course, some people want to improve their living environment, sell their only real estate, then post hundreds of thousands of dollars, and then borrow some money from the bank, or they can change to a bigger house.
Third, if you are a foreigner, you can only buy a house by salary without the help of your parents. Of course, buying a house is very difficult. But for local people, they are handing down some properties from their ancestors, or selling the original value-added property for a bigger house. In their eyes, house prices are not as expensive as they thought.
Also, I have two relatives. They bought the house more than ten years ago. A relative is an executive of a company. At that time, the unit offered to reward his performance, with 70% of the house price paid by the unit and 30% paid by himself. This kind of enterprise rewards executives, which is also a solution to the housing problem. Another elder, who retired in Shanghai Bank, had a provident fund of 400,000 when he retired. At that time, Shanghai was cheap, so she chose to buy a house. But in recent years, the hidden benefits of banks have disappeared, but enterprises often look at it by rewarding outstanding executives.
Fourth, housing prices in China are very high. Compared with high housing prices, the whole world can also rank ahead. If you only rely on wages, ordinary people may not be able to afford a house for decades, but locals have always accumulated a little, so it is not as difficult as buying a house in the city. If you buy a house entirely on salary, few people can afford it.