In the traditional concept of China, buying a house is more or less an obstacle to life! The reason is "Kan", most property buyers need to pay the savings of two generations or bear the road of repayment for decades. Obviously, our house is a hurdle that we need to cross in our life. In view of the current situation of high housing prices and residents' income in China, few families can pay off all the housing prices at one time. You can only rely on the down payment after the bank loan is purchased, and then slowly repay the loan. So, is it really worthwhile for us to spend half our lives paying off the mortgage?

I remember a buyer borrowed money to buy a house in the 1980s. He introduced the method of buying a house. Let's take his personal experience as an example. Is the final value worth it? In 1980s, he bought a house in Shanghai at a price of 2300 yuan/square meter. It is said that his salary is 89 yuan/month, and his repayment amount is about 60 yuan/month. 30 yuan was deducted from the family's living expenses. He didn't pay off the mortgage until 20 18. It can be said that these 30 years are half of his life.

Obviously, the quality of life of this buyer will be poor at first, but let's think about it from another angle. Buying a house is just another form of property. If you rent a house by the month, you have nothing but rent. What about buying a house with a loan? The end result is very different. The monthly mortgage is used as rent, and the house will be yours after a certain number of years. Plus the current currency is depreciating, what about the price? It's still rising slowly. According to the mortgage interest rate and currency depreciation rate, the income level of residents is also constantly improving, and the future mortgage repayment pressure will be greatly reduced.

To sum up, I think it will be more cost-effective to repay the mortgage on a monthly basis. The specific repayment period depends on your actual economic situation.