Originally, no one was in a hurry, and those who wanted to buy a house or change a house were still hesitating. Housing prices, however, suddenly began to soar, like an instantly rising tide, the wave hitting over, catching people off guard.
“The agent said that since October last year, the Shanghai property market suddenly heated up, as if all the people who wanted to buy a house ran out. The hottest months were October, November and December. “Three months after signing the contract to buy a house, Jiang Mingyuan is still in a trance when he talks about the crazy situation last year. He, who had no intention of buying a house, was driven by the boom and emptied all his savings to make a down payment on a 3.38 million (RMB, same below) house.
“I wouldn’t have bought it if I hadn’t watched housing prices rise. “He said,” the house prices rose, the mentality collapsed ah. “
The rise in housing prices, like a timer, ticking to push people forward. Zhou Wen originally was also not anxious, until October prices began to rise, he only some panic, began to look at the house. By the Time he signed the contract in mid-January, the suite he newly bought had gone up 600,000 in three months.
More than two months after buying the house, Zhou Wen is still very happy to share the experience of buying a house. It was like an earthquake, the aftermath of which was not yet over, and he could not walk out – wherever he went, he could not help but take out his cell phone and check the price of houses around him; every now and then he would see whether his house had gone up or down, and his mood fluctuated. It seems that only by talking to others over and over again can he get this out of his head and return to his normal Life.
The process of buying a house also brought Stella anxiety and sleeplessness. At the end of last year, she sold her original house with great reluctance and replaced it with a school district house to ensure that her daughter could attend a quality middle school in the future. But in March of this year, there was another change.
On March 16, the Shanghai Municipal Education Commission announced the “Shanghai High School Admissions Reform Experimental Approach”, which will implement quota allocation to districts and allocation to schools. Among them, Shanghai’s high-quality high schools will allocate 50% to 65% of their places to different districts and junior high schools. This also means that the previous situation of quality high school admission quotas being monopolized by quality junior high schools will be broken, uncertainty will increase, and students from non-quality school districts and non-famous schools will have a chance.
Stella decided to block the news. “It’s too complicated to say what’s going to happen in a few years. She said, “I don’t really want to read the analysis anymore, just let it be, as long as my children have school to go to anyway. “
The magic of 2020, the Epidemic makes the whole world more crazy after a sudden pause. In China, housing prices in first-tier cities began to rise one after another. First it was Shenzhen, which experienced a wave of housing rush and soaring prices in the first half of last year. Then came Shanghai. Beijing is still heating up under strict control, especially school district houses, which are rising ferociously.
The policy, the market, people’s expectations and panic, together wrote the wave. People in it, all experienced and house prices race, and landlord game, and their own struggle, anxiety, panic, regret, uncomfortable, shocked, glad …… all kinds of complex emotions in the Home buyers in turn, a long time can not disappear.
The house is the life-saving straw that Chinese people are most eager to grasp in the background of Inflation and currency depreciation, and in the flood of uncertainty and uncertainty of the times.
The only way to get your child to a good school is to buy a house that is right for you
“The price of housing will rise this year, so you have to hurry up and buy a house. “At the turn of spring and summer in 2020, a friend said to Zhou Wen. At that time, the friend was looking at houses and already had the touch of rising house prices and knew that Zhou Wen had the idea of changing houses.
Zhou Wen had the idea of changing his house when the epidemic was quarantined. In February last year, he was living in a small 50 square foot (editor’s note: mainland China mostly uses square meters to measure housing area, 1 square meter ≈ 10 square feet ≈ 0.3 ping) house in downtown Shanghai that he bought seven years ago, sharing it with his girlfriend and a dog. When he couldn’t go out, the two of them and the dog were locked up in the small house, and he realized how important a spacious living environment is.
It would be worthwhile to move to a bigger house, even if it meant living farther outside the Outer Ring Road (ed. note: the Outer Ring Road is a ring-shaped urban expressway around the center of Shanghai, about 99 kilometers long) – that was Zhou’s thought during the epidemic.
After the epidemic slowed down in March, the Shanghai real estate market, which had been sideways for nearly three years, showed signs of heating up. Many local real estate media and bloggers documented the hint. An influential real estate self-publisher in Shanghai, after visiting a number of sales departments and agency stores, said: After three years of sideways market, the Shanghai property market, is about to change. New houses are preparing for intensive market entry, turnover is also on the rise, and the demand for second-hand properties listed and shown in agency stores is also on the rise.
“What is clear is: the general market is rising, micro up is also up. “The self media finally gave the conclusion.
At that time, Zhou Wen, in the state of “ideas, but no action”. The same period of Jiang Mingyuan, also no idea of buying a house. He is in his early 30s, single, Shanghai hukou until October, according to Shanghai’s restrictive purchase policy he is not yet eligible to buy a house. He did not want to buy, “the psychological feeling is a large amount of money spent out, in the house frozen, very troublesome. The money in my hands can also do something else, such as doing financial management, psychological security, will not suddenly take out, can not be realized. “He said,” and I feel that prices will not rise. “
Stella in March also has not yet determined the idea of changing the house. In that house for thirteen years, she worked, got married, had a daughter, and later divorced her husband, living alone with her daughter to date. It is her home, her memories of the golden age of her life, and brings her a strong sense of stability.
On March 11, Shanghai began to implement the “citizens enrolling in the same school” policy, which means that public and private junior high schools are enrolled at the same time. Initially, in Shanghai, where private schools are stronger, many Parents would send their children to high-quality private schools first, leaving public schools as a guaranteed choice. However, with the implementation of this policy, parents can only choose between public and private schools, and private schools have been changed from test to lottery admissions. If they don’t end up in a high-quality private school, they will have to be placed in a public school that still has places available. This also means that the child’s fate is completely out of his or her control and he or she may be assigned to a poor school.
This is a move that the Chinese Ministry of Education has made in recent years to promote the equalization of basic education resources, with many provinces and municipalities promoting policies such as equal enrollment of citizens and coordinated lotteries. Shanghai has previously implemented the “citizen admissions” policy for three years at the elementary school level, and will begin implementing it at the junior high school level in 2020.
The direct consequence of this is that it has driven up the price of quality school district housing in many cities. At this point, student enrollment has evolved from a competition of test scores to a competition of parents’ financial strength. “Originally, you could still let your child work hard and fight to get into a high-quality private school, but now you can only buy a house opposite a good school to get your child into a good school. ” Stella said.
Her child is still in the third grade, but she had to think early. Since March, she has been stuck in the tangle of changing houses, “From a rational point of view, it’s good to change early. But from an emotional point of view, I just can’t bear to leave the house I’m living in. ” she said. For several months, she was struggling and anxious inside, sometimes unable to sleep in the middle of the night, her mind was all about changing houses.
The school district house is also rising at a rate visible to the naked eye. before the price hike went into full swing in October, Shanghai’s school district house rose 15% year-on-year in the four months from June to September.
Money in hand is depreciation, too anxious
Jiang Mingyuan’s mother is an active home buyer, especially for her son in Shanghai. “She always thinks, I stay in Shanghai, I have to have a place of my own to live. “Jiang Mingyuan said. Since July and August last year, his mother has been looking at houses and has experienced the two sides of the property market.
At that time, the property market was still a buyer’s market. When she went to look for a house, the agent was waiting at the entrance of the neighborhood early in the morning, and showed her a set of extremely patient. With the landlord to cut the price, it is easy to negotiate a 100,000 80,000. But after October, the property market has unwittingly become a seller’s market. The agent is not waiting at the door, you have to actively contact the agent. And the landlord cut price is also particularly difficult, “cut half a day can only cut 10,000 yuan, some 10,000 can not negotiate, how much to sell how much, do not buy tomorrow to increase the price. “Jiang Mingyuan said. He later looked at a suite, the agent told him that today is uncertain, tomorrow the landlord is ready to mention from 3.37 million to 3.5 million.
Looking at the price of housing, Jiang Mingyuan did not want to buy a house “mentality collapsed”, in October after the account down, immediately turned around to the housing market.
Zhou Wen is also in October to speed up the pace of house replacement – first to sell their own house listing. Before the house was sold, he did not dare to start buying a new set. But in this process, he watched the property market is getting hotter and hotter: the original fancy several sets of houses, a few days later asked again on no; prices also continue to rise, the same district about the same area of the house, from October to December went up 500,000 to 800,000.
After selling his house in December, he went to Shenzhen on a business trip, by the way, look at the price of Shenzhen, was immediately stunned: too expensive, moving is more than 100,000 a flat, compared to Shanghai is still cheap.
Shenzhen at that time has become the highest prices in China’s first-tier cities. As early as the second half of 2019, Shenzhen triggered a rise in the property market due to the establishment of the first demonstration zone, the expansion of Qianhai, and the abolition of the luxury property tax and other benefits. The epidemic was followed by a further push in housing prices due to the inflow of business loans into the property market.
In March 2020, China’s central bank released 400 billion yuan of long-term funds to support the real economy under the epidemic, and banks expanded their lending in response. Liu Guiping, president of China Construction Bank (CCB), said at a March 30 earnings presentation that CCB would add $1.5 trillion in new loans in 2020, including $685 billion in corporate loans and $570 billion in personal housing mortgage loans.
Interest rates for business loans issued to small and medium-sized enterprises are also extremely low. The interest rates for business loans from banks in Shenzhen range from 3.2% to 4.7%, all lower than the interest rates for personal housing loans (4.9% or more), and according to the 21st Century Business Herald, a large number of companies and individuals have gone out of their way to lend money from business loans and enter the property market to buy houses. the first half of 2020 in Shenzhen, the anxious atmosphere is pervasive.
“Money in the hands is devaluation, too anxious. “Tian Yi in July last year, with anxiety in her eyes. At that time, she just sold a house in Dali, ready to go back to Shenzhen to buy a house. Her friends around Shenzhen, everyone wants to buy a house, even if some people already have two or three suites in hand, still anxious to invest the money, but trapped in the situation of no house to buy, a house will have to grab.
“Everyone is quite anxious. The competition in Shenzhen is very fierce, and if you are not careful not to keep up, you will fall behind. The gap between the growth rate of wealth with and without housing is very obvious, and the property divides a class barrier that is difficult to break. “In shenzhen work after 80 li xiang said, he was concerned about the dynamics of the property market for most of the year, if the concern of the house listing price rose anxiety, angry, angry with themselves misjudged the trend of housing prices, but also angry with themselves in order to wait for the house of their choice missed the best time window to start. He finally rushed to buy a suite before the Shenzhen government regulation, more than a month later, the same district with the same type of house, the lowest price than when he bought 800,000 expensive.
Six months later, Li Xiang’s experience would also be replicated in Shanghai’s Zhou Wen. But when Zhou Wen realized it, it was one step too late. When he returned from a business trip to Shenzhen, he immediately went to see the house. At this time, the listing price of a suite he was going to negotiate had gone up 130,000 from a week before. Without wavering, he made an appointment with the agent to negotiate with the landlord and began the most difficult step in the buying process.
The school district house Stella wanted to buy accelerated after October, rising 30 to 50 percent each month. By December, she finally took the toughest step: selling her house for a school district house that was adjacent to a high-quality middle school. She entrusted everything to a trusted real estate agent, but still bore a very heavy psychological burden herself. “The early stage was to buy or not to buy, to sell or not to sell, and after selling it was to worry whether the price would fall and whether I had made the wrong decision. After the sale, there is no way to regret, and emotionally can not stand. “She said,” suffered a lot of pressure and emotional stuff, are consumed with themselves. “
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