Most people in China have the habit of not being in debt. Take buying a house as an example. It is not cost-effective to borrow money for so long, and it costs tens of millions or even millions of interest. As a result, many people prefer to borrow from relatives, scrimp and save, squeeze out the maximum down payment, or shorten the loan period. This is paying less interest and paying less debt.
This seemingly money-saving approach has caused many people to fall into a development crisis. Long-term debt and short-term payment will inevitably lead to a decline in the quality of life and narrow development opportunities for a period of time. Most people who buy the first suite are around 30 years old, which is the most critical period for their career development. Faced with heavy short-term debt repayment pressure, many people miss career development opportunities. Even from the accounting point of view, this kind of thinking is a static view of wealth figures, which belongs to the old yellow calendar.
The longer the loan time, the greater the interest pressure. Why is it recommended to lengthen the loan cycle?
For the first suite, why should we pay as little down payment as possible and lengthen the loan cycle as much as possible?
Because the first home loan is basically the lowest interest rate loan in China's financial market, the benchmark interest rate for loans over five years is 4.9%. According to the policy of the central bank, the benchmark interest rate of the first suite is 4. 17%, and the interest rate of the provident fund is even lower, equivalent to 30% of the benchmark interest rate, and the first suite is only 3.25%.
According to the national policy, the interest rate of the second home loan rose from the original 8.5 fold to 1. 1 times. Therefore, the interest rate of the first home preferential loan belongs to welfare. If you don't enjoy it, it is typical to push the money you sent.
Some people will say that although there are preferential loans, so many loans for such a long time have great interest pressure. This question is a simple explanation. It is also 1 10,000. If you pay more down payment, you will save 4. 17% interest rate. In other words, as long as the yield of 1 10,000 exceeds 4. 17%, it is cost-effective, and the price difference in the middle is profit.
We compare it with the public bond fund with relatively small risk coefficient. According to statistics, as of the end of September this year, 77 fund managers have managed a bond fund for more than three years. How are these long-distance runners doing? In recent three years, there are two bond funds whose cumulative income exceeds 100%, and the average income of these 77 individuals is mostly between 20% and 40%. In this case, it is highly probable to choose one or two established fund managers to make money.
In addition to buying low-risk bond funds, if your funds have sufficient investment time, you can adopt a fixed investment strategy. In the next 30 years, it is not difficult to get an annualized return on investment of 8% without worrying about the conversion of bulls and bears. Appropriate bank loan interest rate.
In addition to these clear data, why should there be a more active financial management strategy at this stage, instead of the traditional concept of debt-free and light?
The answer is that we are facing unprecedented money supply. Now the total amount of money (M2) in China market is more than 100 times that of 30 years ago! I'm afraid this trend will not be reversed for a long time in the foreseeable future. A lot of money actually means that the money in hand is being slimmed down by the invisible "inflation tax" all the time.
Shakespeare has a classic dialogue in Hamlet: "Don't borrow money from others, and don't lend money to others. Lending money to others will lose dignity, and lending money to others will lose both your own money and your own money. " This idea has hurt many people. Simply saving money and leaving it in the pattern of excessive money is not the best choice.
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(The above answers were published on 20 16- 12-22. Please refer to the actual purchase policy. )
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