Shenzhen property market turmoil🌪️: Implicit rules in mortgage contracts cause conflicts! 😱 The price of a real estate project in Shenzhen has dropped significantly, and the owner wants to cut off the loan and supply. When buyers take out loans to purchase commercial housing, they rarely consider the situation where the property's appraised value is lower than the bank loan amount due to falling house prices. Bank of China does not share the risk of falling house prices with home buyers, and all risks are unilaterally borne by home buyers. The design of the implicit rules of the mortgage contract will not cause any problems if house prices continue to rise and the property can be delivered on time, but otherwise it will expose various contradictions and conflicts. Do you think this phenomenon will continue to spread? Welcome to share your opinions in the comment area! 🗣️👇