In Yanjiao, house prices have been falling continuously, and the fresh homeowners and investors from all over the country are even carrying “negative assets”. After all, there are only a few people who have cut their losses, and more people have to carry them. Some people say, “The next step in Life planning is completely disrupted, so we can only drag it backwards and wait. “
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The “news” is flowing in Yanjiao’s large and small WeChat groups, and Xu Tian, a homeowner in his early 30s, also saw it, first in Tianyang City, a Home buyer because of mortgage pressure and “getting lost”, wanted to “give away” the 40 square meter apartment he bought in 2016 “give away”, as long as the other party continues to pay off the remaining 700,000-plus loan.
It didn’t take long for another homeowner from Sweet City Boulevard in Seoul to appear in the video, wearing a black baseball cap and saying to the camera, “I’m so stressed from repayments that my house wants to give it away for free, just so long as you pay off the last payment for me. “That 123 square meters three-bedroom house, the final payment is still more than 2.3 million.
These messages were forwarded around on social media with the headline “Yanjiao owners give away their houses for free”. The group complained together: “This is just a hype, what free gift, a sale in disguise. The two sets were bought at a high point in the market.
The two sets of houses bought at the high point of the market were as high as 20,000 to 30,000 yuan per square meter, and now they are less than 20,000 yuan after four or five years of continuous decline in Yanjiao’s housing prices. This means that the total amount of the remaining loan and the market price of the whole set of houses is not similar, the so-called “free house”, in fact, is just another form of sale.
However, complaints are complaints, Xu Tian quite empathetic: “free” is a gimmick, but the pressure is real. Like the two owners in the “news”, Xu Tian bought his house at a high point.
If you use the wave line to depict the rise and fall of Yanjiao’s housing prices, the first upturn was in 2015, recalled Wang Cheng, a real estate salesman, when the media reported that the Beijing government was moving to the east, coupled with loose bank loans and macro policies such as de-inventory and shanty reform.
The peak of the wave appeared in late 2016 and early 2017, when prices rose again from 20,000 to 35,000 or 36,000, and “the highest broke 41,000,” Wang Cheng said The high point of the stage, 30,000 houses can not be found. Looking back today, those three years like an abrupt wave tip on the surface, marked the town experienced the madness.
Xu Tian’s house was stuck near the top of the wave line, starting in November 2016, 2.53 million, 87 square feet.
Originally, he looked at another set of the same house type, 2.51 million, 20,000 yuan cheaper, or hardcover. When putting together that nearly 800,000 down payment, his Parents didn’t quite agree and kept chanting, “You just graduated, this is a bit of a big step, right? “
Xu Tian was a bit hesitant, and went back to consider a week, but still could not decide. When he went to Yanjiao on the weekend, he learned that the suite had already been sold. In the crisis of not being able to buy, he regretted “delayed”, while rushing to buy another house of the same type – even if it is 20,000 more expensive. -Even though it is 20,000 more expensive, and also the rough house – “grab house “The atmosphere, Xu Tian’s determination to buy a house became firm.
As a property salesman, Wang Cheng witnessed the madness of that period. Usually it was the sales who went around looking for customers, but at that Time, it was almost all customers coming to the sales. Highway intersections, bus stops, sales offices, roadside …… “There are sales where there are people, and where there are people there are customers. “It’s not uncommon to close four or five orders a day. The salesmen’s income once doubled several times or even a dozen times: low-grade monthly income of 20,000 to 30,000, mid-range of 70,000 to 150,000, high-grade can reach 150,000 to 200,000.
In such an atmosphere, it is difficult for anyone to cover their pockets, Xu Tian is the same.
By early 2017, Xu Tian saw from his cell phone, his 2.53 million to buy the house, the valuation has reached 3.2 million, an average of nearly 37,000 per square meter. although not yet sold to replace the house into the capital, but see the asset is appreciating, “certainly happy, comfortable The company is also grateful that it bought early, and then later, it could not afford to buy.
At that time, and Xu Tian like in the boom busy “on board” people did not expect, the upward wave line suddenly turned back, and fell all the way down.
Since March 2017, the regulation has been continuously increased, and non-resident families who can provide proof of local social insurance payment or tax payment for 3 years or more are limited to purchase 1 set of housing. Since then, the Yanjiao housing market has gradually cooled down.
Now, four years later, the average price of Xu Tian’s house on the sales website is more than 18,000 per square meter, which is a loss of about 800,000 to 900,000.
In Yanjiao, the number of “Xu Tians” is not small. After a few years of continuous decline, the number of owners and investors who came from all over the country to buy their own homes, even with “negative equity”, has increased. –In addition to the down payment, the market price of the house is already lower than the money of the loan.
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Yanjiao, a small town located in Sanhe, Hebei Province, adjacent to Beijing, has long been regarded as a transit point for many young people drifting northward. The smell of “Northern Drift” is like the smoke on the steamer, once the lid is uncovered, it is steaming hot. Some even summed it up: everyone who comes to Yanjiao is there to leave Yanjiao.
Many of Wang Cheng’s clients have completed this step, and he concluded that most of them have the obsession to buy a house and “can endure the long commute, but not the lack of their own home “Therefore, when they do not have enough money or are not yet eligible to buy a home in Beijing, they come to Yanjiao first to buy a house for the transition. After a few years, the house, along with the rising house prices, is remitted into their savings and becomes the down payment for a home in Beijing.
This was the case when Xu Tian bought his house. The neighborhood was ready for occupancy in 2011, but the house was still rough until he purchased it in 2016. When Xu Tian asked, the owner was really for investment, and the 2.53 million Xu Tian handed over would become part of the landlord’s capital to replace it in Beijing.
That year, Xu Tian graduated from graduate school, before opening a new phase of life, and his girlfriend discussed the future planning: he chose to take the work of the account; she chose a job with good treatment. The two of them worked hard together to get a firm foothold in Beijing, have a home of their own, and then live the rest of their lives in peace and happiness.
I didn’t expect that the plan would be disrupted soon. After joining the company, according to the rules of the unit, Xu Tian didn’t get a hukou quota and lost the opportunity to “become a Beijinger”. Lost, can not figure out, but finally have to face the reality: twenty-six or seven years old, should have a house of their own, and then enter the Family and Marriage; housing prices “one day at a time “The more poor people want to live a good life, they have to seize the opportunity. “
Because there is no qualification to buy a house in Beijing, Xu Tian and his girlfriend have gone to Zhuozhou, Gu’an and other areas around Beijing to look at houses, and finally chose Yanjiao – the closest to Beijing and the most convenient traffic, where you can see everywhere the developers playing the slogan. “30 minutes to Guomao” “There is always a light waiting for you to go home “”What Beijing can’t give you, Yanjiao can”.
At that time, standing in the rough room, Xu Tian looked at the sunlight coming in from the south and the big window in the master bedroom, and was happy to imagine that it would be a good nest to accompany him through the transition period: when the house price went up in the future and he was qualified to buy a house in Beijing, he would, like the owner, replace it and realize his dream of putting down roots in Beijing.
Now, he feels that this suite in Yanjiao is likely to be trapped, and “it will be a blood loss if I sell it”, so it won’t be too helpful to buy a house in Beijing. It is better to give it to your parents for their retirement in the future. Longer-term planning is still to settle in Beijing, perhaps in Tongzhou, but at the moment, carrying “negative equity”, this dream can only be prolonged.
The company’s first home was purchased in 2014, and the household registration was moved to Yanjiao, where he settled temporarily. 2018, the price of housing experienced a high point and fell back, and under the purchase restriction policy, Zhang realized that others could not buy, but he could buy, so he hurried to have another set. “This time feels like the psychology of stock speculation. After waiting for the release of purchase restrictions must go up, do not think about earning more, as a financial product. “
I did not expect, let go of the purchase restrictions have not waited, housing prices began to fall up again towards, “thought (2018) bottomed out, the result you can never explore its bottom”, to Now, 1.85 million to buy the house, in the sales site, 1.6 million can not be sold.
Originally, Zhang planned to work in Beijing for a few years and then replace it in his hometown in the provincial capital, or go south to Suzhou and Hangzhou, but now, with two suites trapped in Yanjiao, he can only continue to delay the planning date.
The new house as an investment is still in rough condition, and Zhang calculated that if he decorated it, the lowest grade would cost him 50,000 to 60,000, and if he could successfully rent it out, the monthly rent would be just over 1,000, and after a few years, he would have to redecorate it, which would cost him tens of thousands of dollars, so he thought it would be better to forget it.
Step back, it is used to live on their own, and the surrounding facilities have not yet kept up, the community stands alone, except for a supermarket, there is nothing nearby. Last year, his wife was pregnant with their second child, and Zhang planned to replace the bunk bed in his eldest daughter’s bedroom after the birth of his youngest daughter, and put aside his plans to move to another city.
In Yanjiao, there are similar experiences all over the place. Some people want to return to their hometowns, but now they find it hard to realize their properties in Yanjiao; some people want to struggle for a few years to save some money, then sell their houses in Yanjiao and move to the south, but now they find that “they can’t afford to change their houses overnight. Some people were forced by their families to sell their houses, and if they didn’t sell, they would get divorced. Some people were forced by their families to sell their houses, and if they didn’t, they would get divorced. In the words of Wang Cheng: “The next step in life planning is completely disrupted, so we can only drag it backwards and wait. “
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These years, Wang Cheng’s feelings are very obvious: the year thirty thousand five hundred and sixty open house, later 18,000 no one to buy; call about people, about not; full of streets “for nothing” Customers disappeared, walking around to expand customers, it is almost difficult to succeed. Once a monthly income of more than 100,000 scenery is no longer, work hard sales, can make more than 100,000 a year is already considered good, ordinary, or 70,000 to 80,000. Wang Cheng performance is still good, customer resources are also more, stay; many colleagues can not stay, some go to do small business, and some change to delivery.
Recently, someone live in social media cut off the mortgage (more than their financial strength of the home buyers, because they can not afford the monthly payments and default, the property will be repossessed by the bank and auction, the buyer becomes a person in default): “called the bank, said can not afford to pay, come to pick up the house. “Several netizens came out to comfort, “breaking the mortgage is the next best thing “”This house bought ……” “There should be a way to do it” “To not use in a hurry. Stick to five years more good”.
The owners claiming to cut off the mortgage said, once 28,000 to buy into the house, now 15,000 hanging two years can not be sold, even if sold is not enough to pay off the loan, the pit is too big, simply do not fill it.
Wang Cheng said, the real choice to cut off the homeowners are very few, either just need to meet the urgent need for money for the big event, or investment customers have a problem with liquidity, “but where a little way will not choose to cut off the mortgage. “
Those “tales of woe” in the same sick people spread around. A real estate agent said his colleague chose to cut off the mortgage, the other party had bought a house of more than 2 million at the high point of prices, the monthly payment of 12,000. When the property market is booming, the agent’s income is also high, but now, the property market is cold, his income also all the way down, the monthly payment that was once nothing now becomes a difficult amount to pay, he and “free house He, like the owner in the “free house” news, resold the house without down payment. Immediately afterwards, the receiver paid back more than a year, feeling that he had lost money and did not return it, and soon the agent became a person out of credit.
“If it is not the end of the mountain, emptying out the family money, who went to break the mortgage ah. “Sun Xue said the Yan suburban homeowners she knows have not cut off their mortgage payments,” can not be sold, sold also The only way is to carry them. To face the reality of asset depreciation, may also face the ability to repay the loan decline: “I am surrounded by people whose income is basically not rising, especially those over 35 years old. No way, first carry. “
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After living in Yanjiao for several years, many owners have various WeChat groups in their phones. Many of them have become “grievance groups” or “catharsis groups”, where people form a community and complain about a reality that may not change for a while.
At noon on a working day, the “urban white-collar workers” turn back into “Yan suburban homeowners” and take advantage of the fact that they are not going to change. Yan suburban homeowners”, chatting in the group at their leisure.
“The second-hand houses are upside down, unique. Someone once again complained about the difference between the purchase restriction policy for second-hand houses and first-hand houses, and then someone else joined in and added, “It gives me a headache to think about houses in Yanjiao. The first time I saw the company, I had to go to the group to spit and spit to buck the pressure. This sentence has a lot of resonance, a homeowner to say: “and others to say how hard, useless, no one empathy, said people back to scold you deserve. “
And many times in the past small talk, spitting, complaining, sympathy for each other, and finally, someone helpless: “consume it, can not see hope. “Others said:” persevere again, wait for the 2025 subway, can be rented and sold, circulation is certainly much stronger than now. “Comfort others, but also like self-consolation.
Wang Cheng is also passively receiving customers’ emotions. 2015, when he first joined the industry, just in time for the good times of Yanjiao real estate, at that time, the feedback from customers was all thanks: “Xiao Wang I thank you so much, listen to your words I bought a house, earned. “But after 2017, almost every week to receive customers confide in the phone, those do not need to persuade the “swish ” people who bought a house and he complained: “I lost too much money. “He has also seen some owners go to the developer to make trouble.
People often talk about the time when the housing price in Tongzhou was similar to that in Yanjiao, some people drove to Yanjiao to look at houses, and when they passed by Tongzhou, they felt that there was wasteland on both sides of the highway and it was a “big rural area”. Who would have thought that it would become a sub-center now; Yizhuang was not expensive in the early years, a few thousand yuan a flat, and some people felt that it was a “shithole” when they bought houses. “Now, it has become an economic and technological development zone.
At that time, Yanjiao not only had the advantage of location and policy, but also had “new and beautiful houses” compared to Tongzhou and Yizhuang at that time, and was already “the look of the town”, but a few years later, like a net, the young people who bought houses at high points were covered underneath.
Wrapped up in the wave of the times, they lamented, “Buying a house is really a matter of timing, location and people. “Depend on timing, policy, environment, choice, and sometimes, it seems to depend on a little bit of luck.
But no matter what, life must go on. After all, there are only a few people who have cut their losses, and more people, like Xu Tian, are trapped in Yanjiao. More people, like Xu Tian, are trapped in Yanjiao and “simmering”.
The initial plan to leave Yanjiao for Beijing is now being extended indefinitely, with Xu Tian and his loved ones commuting between Beijing and Yanjiao every day to earn money to support their families and pay off the monthly mortgage payments of nearly 10,000 yuan.
Since 2016, the slogan “30 minutes to China World Trade Center” has been difficult to achieve as more and more people are flocking to Yanjiao, and when they encounter checkpoints, they are blocked for an hour or two. It’s not uncommon for people to be stuck at a checkpoint for an hour or two.
In 2020, when the Epidemic broke out, proof of work, proof of residence plus nucleic acid reports were often checked one by one like a pass. Some media reports, the most congested time, some people spend 5 hours to get to the company.
In previous years, Xu Tian carpooled to and from work, but because of traffic jams and because the time was not free, he bought an electric bike the summer before last. The entrance to the checkpoint reserved a lane of about 1.5 meters for bicycles, electric bikes and pedestrians, so there was no need to line up with motor vehicles, which saved Xu Tian a lot of time during the epidemic.
Xu Tian’s unit works at 8:30 a.m. Every morning the alarm clock goes off at 6:20 a.m. He gets up, washes up and goes out 20 minutes later. It takes 17 minutes to go from home to Lucheng subway station, which is 9 kilometers in total, and then he gets into the subway, which takes 1 hour and 5 minutes for line 6 to line 14. Usually, Xu Tian can sit at his work station before 8:20.
In the recent year, the time on the subway was basically used by Xu Tian to brush up on his plans to take the civil service exam, although he still does not know when he can buy a house in Beijing, it is always safe to settle the matter of hukou first.
But it’s always hard for him to concentrate, so as he was brushing up, he switched the App to Weibo and typed in “Yanjiao” to see if there were any latest developments. I was most concerned about whether Yanjiao had any good policies and whether they had actually been implemented. In fact, some of us are not sure if we will become Beijingers or not, but we really hope that the place where we live will develop well and become closer to Beijing. develop well and be closer to Beijing. “
Sometimes, the more Xu Tian thinks about it, the harder he feels: why did he graduate in 2016, even if it was a year earlier or later? “negative equity”.
It was once reported in the media that the northern drifters in Yanjiao in the early years were reluctant to admit that they lived in Yanjiao, describing it as “the eastern part of Beijing”. They described it as “outside the 6th ring road”, “near Songzhuang painter’s village”, and some simply called it “the east side of Beijing”. They describe it as “east of Beijing”, “outside the 6th ring road”, “near Songzhuang painter village”, and some simply call it: Beijing East Yanjiao.
But around 2014, rising housing prices and the continued importation of people brought glory to Yanjiao, and the northerners interviewed said they were willing to “say loudly that they live in Yanjiao “.
And now, after the turning point of 2017, the continued decline in assets and the pain of not having an improved commute have once again made people reluctant to mention that they live in Yanjiao. Xu Tian says, about there, it is inevitable to explain a lot, how are the prices? How do you get to work when it’s so far away? Even compared to Yanqing in the northwest corner of Beijing, Yanjiao seems a bit more “miserable”, and Xu Tian is reluctant to talk about his own misery.
So, when someone asks, “Where is your home? ” Xu Tian says, “Tongzhou. “
(Xu Tian, Wang Cheng and Sun Xue are pseudonyms in this article.
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