The real wealth reshuffle has begun
The next decade will be a period of great wealth reshuffle.
Why do I say that? Because almost all walks of life have to go through a process of decline and reconstruction, and for individuals, deleveraging will lead to the gap between the social wealth owners who were originally several positions ahead and ordinary people being infinitely narrowed.
Everyone should know that, except for the top rich, the wealth of most Chinese people is based on leverage, with houses being the first. Even if many people have the ability to pay in full, they will choose to take out loans, and then put the loaned money into other houses, or other investment products such as the stock market, funds, and currency circles.
The wealth of Chinese people seems to be very different, but in fact, it is all leveraged and cannot be touched, especially houses, which will fall down if touched.
Since the second half of this year, there have been continuous reports of loan suspension across the country. This is normal. The employment situation is so severe. After so many years of chaos, the leverage has been fully pulled. Now that the continuous source of income has been lost, it would be strange if there is no large-scale loan suspension.
But many people still underestimate another thing, that is, adding margin.
Everyone knows that a house is leverage, but even those who hate leverage the most will not reject leverage on a house, because everyone thinks "it's different here". Why is it different? It's because we have been spoiled by the 20-year bull market, the media and various reports.
I have done some calculations for you. What will happen if a house worth 10 million yuan with a down payment of 3 million yuan falls by 30%? It's not that your principal has fallen by 900,000 yuan, but that your 3 million yuan principal has completely fallen - that is, the house is theoretically no longer yours.
Many people were shocked, wow, it's so dangerous.
Don't worry, the bank will not allow you to find you when the price falls so much, because as long as you don't buy the house in full, you have added leverage. Since you have added leverage, there is of course a safety line for closing the position. Otherwise, once your 3 million yuan principal falls, if you don't want the house and the developer goes bankrupt again, won't the bank cry to death?
So it may come to you to make up the money when the assessed price falls by 20%.
The next decade will be a period of great wealth reshuffle.
Why do I say that? Because almost all walks of life have to go through a process of decline and reconstruction, and for individuals, deleveraging will lead to the gap between the social wealth owners who were originally several positions ahead and ordinary people being infinitely narrowed.
Everyone should know that, except for the top rich, the wealth of most Chinese people is based on leverage, with houses being the first. Even if many people have the ability to pay in full, they will choose to take out loans, and then put the loaned money into other houses, or other investment products such as the stock market, funds, and currency circles.
The wealth of Chinese people seems to be very different, but in fact, it is all leveraged and cannot be touched, especially houses, which will fall down if touched.
Since the second half of this year, there have been continuous reports of loan suspension across the country. This is normal. The employment situation is so severe. After so many years of chaos, the leverage has been fully pulled. Now that the continuous source of income has been lost, it would be strange if there is no large-scale loan suspension.
But many people still underestimate another thing, that is, adding margin.
Everyone knows that a house is leverage, but even those who hate leverage the most will not reject leverage on a house, because everyone thinks "it's different here". Why is it different? It's because we have been spoiled by the 20-year bull market, the media and various reports.
I have done some calculations for you. What will happen if a house worth 10 million yuan with a down payment of 3 million yuan falls by 30%? It's not that your principal has fallen by 900,000 yuan, but that your 3 million yuan principal has completely fallen - that is, the house is theoretically no longer yours.
Many people were shocked, wow, it's so dangerous.
Don't worry, the bank will not allow you to find you when the price falls so much, because as long as you don't buy the house in full, you have added leverage. Since you have added leverage, there is of course a safety line for closing the position. Otherwise, once your 3 million yuan principal falls, if you don't want the house and the developer goes bankrupt again, won't the bank cry to death?
So it may come to you to make up the money when the assessed price falls by 20%.