☆Source of this article: Based on reader's contribution☆
Ten years east of the river turns to the west, do not mock the poor for their shabby clothes. Unexpectedly, those with multiple houses also suffer from sleepless nights and restless meals!
If time could flow backward, how many people would still exert all their strength, even to the point of using all their might, just to buy as many houses as possible?
Who could have thought that housing prices would actually fall, and fall so decisively?
Many people spared no effort and finally managed to buy an extra house, just waiting for the housing prices to rise, hoping to make a fortune.
But dreams are always dreams, and now those with multiple houses are like ants on a hot pan, anxiously running around in circles.
It seems that the houses might be stuck in their hands, truly a regret that is too late to remedy.
1. A moment of impulse, a regret that is too late to remedyJust by buying a house and doing nothing with it, one could become rich overnight. How great is this temptation?
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The greed is as great as the miserable ending! The pain in the heart, only oneself can understand, it is a naked lesson!
My friend, a regular office worker, usually well-behaved, just wants to save more money to build a big villa in the hometown countryside. Usually, he is reluctant to eat, reluctant to wear, and frugal, and he finally saved a sum of money.
In the summer of 2019, it was the weekend, and he was bored, so he accompanied his colleague to see the house, to enjoy the air conditioning, and to pass the time.
Unexpectedly, both were moved by the real estate consultant, and buying a house could be left to do nothing, and it could earn hundreds of thousands or even millions in a few years. How long would it take to earn so much money by working?
In the end, the colleague did not have enough money and did not buy it, but the friend bought it, three bedrooms and two living rooms, plus a parking space for an additional 20,000 yuan, he felt very profitable.
After working for several years, he finally saved 400,000 yuan, all paid for the down payment, and borrowed 1.2 million, 30 years and 360 installments, and he needs to pay 7,080 yuan per month.
Now, four years have passed, and the house has lost a total of 350,000 yuan, not including the 340,000 yuan that has been handed over to the bank, of which only 70,000 yuan is the principal, and the remaining 270,000 yuan is all interest.
The house is just there, roughcast, without money to decorate, and it is hard to sell, and it is too much of a loss to be reluctant to let go, and the income has decreased, and the housing supply has become difficult, it is really a hot potato.
The parents are still in the hometown of the countryside, living in the mud brick house of the past, leaking in the summer and blowing in the winter, it is really hard to describe.The hard-earned money, turned into a pile of useless steel and concrete, and I myself became a unfilial person, really regretful.
Houses are for living in, never be greedy.
2. The higher the greed, the more painful the fall
Because of greed, too many people have fallen into the pit, countless, how miserable it is, only through personal experience will you understand.
I have a relative, who has always been good at grades since childhood, was admitted to a university, and found a good job after graduation, with a not low income.
The overly smooth life experience made her extremely confident, not willing to earn a salary step by step, always thinking about making a profit from somewhere.
In 2021, housing prices remained high, and interest rates continued to rise. If you want to buy a house, you also need to check the source of the down payment, and the bank may not necessarily lend money.
The relative thought that since there will be a purchase limit, the house may become a scarce commodity in the future, and not everyone can buy it, unless it is paid in full.
She thought that this might be a huge opportunity. If she can't grasp it this time, she can only sigh at the house in the future. Thinking about it, she can't help but be excited!In the end, she chose to believe in herself, made up her mind, and took out all her savings that she had kept for years. She also borrowed 200,000 from relatives and friends, finally gathering enough for the down payment to buy a school district property.
The house was really good, with a great location, complete surrounding facilities, and the community environment and layout were impeccable. However, the unit price was also impressive, at 14,200 yuan.
The real estate consultant said that despite such a high unit price, the houses were still in short supply. The reason was simple: good supporting facilities, a good location, and a good school district made them sought-after items at any time. As long as they waited a few years, the house could at least appreciate by 25%!
Her relative was convinced and believed that she had a good job, decent income, no life pressure, and plenty of patience, so waiting a few years was not a problem.
When the time came, the house could be traded, the price would have risen, and she could sell it immediately, pay off her debts, and still make a profit. How great!
Now, the community construction is almost complete, and the off-plan property is about to become a ready-to-move-in property, but the developer seems to have disappeared. It's not quite a failed project, as there are still a few workers knocking and hammering every day, but according to her relative's observation, the crane has not moved for a long time, showing signs of rust.
The delivery of the house is far from being due, and the monthly mortgage must be paid on time, which is already heartbreaking, but that's not all. The house price has actually dropped, and the same type of unit now has a unit price of only about 11,000 yuan, resulting in a total loss of more than 300,000 yuan!
She was full of confidence when she borrowed a large sum of money, but now the house has not been delivered, she can't sell it, and the creditors are coming to collect, and her relative really can't cope and has to hide everywhere.
For a house, she is in a mess!3. Wanting More, Losing More
Heaven and hell are truly just a hair's breadth apart.
I have a classmate who exchanged his house a few years ago. He bought an old house in 2013, and at the peak of the real estate market, he could have made a profit of nearly 500,000 yuan, but he still didn't sell it.
Now, on the contrary, he has lost 180,000 yuan. Comparing the two, it is equivalent to losing nearly 700,000 yuan, which is really chilling!
In 2013, my classmate wanted to buy a house and saw a set of 143 square meters, with a unit price of 8,100 yuan/square meter. She originally wanted to make a move, but heard others say that the housing price was too high and would definitely be adjusted down.
She hesitated and planned to wait and see for a while. But the more she waited, the more the house price soared, and by the end of the year, it had risen to 9,480 yuan/square meter.
My classmate panicked at this point, and if she waited any longer, wouldn't the price rise even higher? So she quickly made a move and bought it.
The real estate market, as she thought, has been rising all the way since then, advancing vigorously.
Later, due to job transfer, she bought another house and moved to a new home, and this house was left idle.
In 2019, the house in the community had already risen to 12,490 yuan/square meter, and her old house had already made a floating profit of 430,000 yuan. Someone came to the door, willing to buy it in full payment.As long as she sold it, she could make a profit of hundreds of thousands, and her friends all advised her to take the good and secure it. But after hesitating for a few days, she still refused the buyer, saying to wait first, as the housing prices would continue to rise in the future.
Unexpectedly, the next year, everyone started to live with masks due to the pandemic, and the economy was affected, making the real estate market increasingly difficult.
Gradually, the housing prices could not hold up and began to fall, and the classmate then thought of selling the house quickly. But seeing the ducks that were about to fly away, she was not willing to reduce the price too much.
Recently, she lost her job, her income was zero, and the pressure of life was great, so she went to the intermediary to see how much the house could be sold for.
They said that if the economy is tight and there is a lack of money, it is recommended to sell at 8500 yuan/square meter, with a lower unit price to sell quickly. After all, a large number of second-hand houses are on the market, and the most sincere can sell quickly.
The house used to make a profit of 500,000, but now it has to lose 180,000, which is equivalent to a loss of nearly 700,000, and the classmate was really confused and angry!
Now, as long as she mentions the house, she sighs regretfully.
Before, thinking of making money, she was always smiling, but now she has lost real money and can only sigh.
She still wants to wait, waiting for the day when the housing prices will soar. But the real estate market may have gone like the river to the east, and it will never come back!
Who can understand the feeling of falling straight from heaven to hell?In conclusion,
From 2017 to 2021, those who dared to speculate in real estate, whether in big cities or small counties, who didn't suffer losses that left them seeing stars?
With a fluke mentality, they wanted to make a huge profit, but more than 90% ended up with heavy losses, how painful, they know it themselves!
Most of them are trapped, unable to sell their houses, only having paper prices, but in reality, no one cares.
Those who can make money are probably less than 5%, and those are the elite among people.
Most people, when they receive the passed flower in the game of hot potato, regret it to the core!
Do you have any stories about real estate speculation around you?
Why not, let's talk about it!
(This article only represents the personal views of the author and does not take responsibility for the authenticity of the content. If it is consistent with the facts, it is purely coincidental)