The meeting went to a hotel in a shopping district (a first-tier city), next to a university branch, 211, I don’t know if it’s 985, students came in and out, with milk tea in their hands, roadside shaking powder, very happy. I took a flyer from a real estate agent next to the shopping district, 89 square meters well-decorated, less than 5 not unique, 12.8 million. I looked up at the building and saw that there were more than 50 floors, super high-rise pigeonholes.
It’s a great way to get the most out of your money.
For a first home with a 30% down payment, that’s 384w, ready for transfer taxes, that’s 400w out. That’s pure cash, can’t borrow the leveraged portion.
The rest of the 896w loan 30 years, I do not know whether it is a house or a condominium (condominium loans are 60bp above the benchmark interest rate), according to the data in the middle of this year, the national average interest rate for first-unit loans 5.26%, the monthly repayment amount is 49500.
The first time I saw this, I thought it would be a good idea for me to take a look at it, but I didn’t think I’d see it. Assuming that after graduation, they will save some money and increase their salary for a few years – after all, a monthly salary of 5w is not something that can be reached on the first day of employment – so assuming that they start to buy a house at the age of 28 and pay off the mortgage for 30 years, after which they will be 58 years old. -Maybe you are still working because of retirement/retirement delay/late.
Of course, you can also choose to pay off the house in ten years, with a monthly payment of 96000.
If both parents are in second and third tier cities, and if they didn’t get rich by buying a house in their early years (there are 2-3 houses in second and third tier cities in their early years) and enjoy the wealth effect, 400w cash is basically the amount that both parents can’t take out from their 6 pockets; even if they bought more than 2 houses in their early years, it’s still the level of down payment after selling their retirement home.
400w of cash is a lot, a lot. The first thing you need to do is to make a down payment on the first 6 years of your life.
It’s a good idea to have a suite of 89 square meters. The upper floors are very spread out, and it’s good to have a 75% yield rate, which is 67 sq. ft. in the set, normal two-bedroom, or very small three-bedroom. If you want to have a child, not even decent. two is not to say.
I’m not trying to sell anxiety by saying this, I wb don’t do business, there are no KPIs. what I’m trying to say is that every time you see the big roads and bridges and buildings lined up one after the other, know that it’s your blood, your sweat, your struggle. You’ve paid your taxes, bought a house, and you’ve given everything you have to “build our country”.
China does not have original capital accumulation, take-off is from the land finance, real estate as a credit center to release a large amount of credit (aka, money), the main body of this money was used to engage in infrastructure. I am in favor of concentrating on doing big things in the early stage of development, building bridges and roads to engage in infrastructure, even if there is a lot of corruption in the middle, a lot of efficiency loss, I think this decision is very right, very necessary.
But now it’s not the same. 20 years ago, the infrastructure may be between Hangzhou and Shanghai to build a highway, now the infrastructure may be in Guizhou Dushan spent 40 billion to build a county, the economic stimulation is not the same. Plus, there is a huge, huge, huge corruption and efficiency loss in the middle of big projects, when faced with the “engineering miracle” “rift” and “zg speed”. I would be shocked, but beyond the shock, I would stop and think about the overwhelming pressure to repay the mortgage and the hardship on people’s lives.
I will want to ask questions, to know if this infrastructure is necessary, to know to whom the project was contracted, who made the decisions, and how much waste was generated. If you don’t allow me to question, deny me the right to ask questions, or even label me as unpatriotic, I’ll think you’re a bad pussy.
The problem is that there are too many bad pussies.
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