Over the years, with the continuous development of the real estate industry, my country’s housing prices are also rising. In 2000, the average house price in my country was only about 2,000 yuan, but by 2020, it has reached the 10,000 yuan mark, reaching 9,980 yuan per square meter. It can be said that housing prices are rising very fast. In this regard, many people say that they cannot afford to buy a house.
According to the data given by the central bank, the housing ownership rate of urban residents in China has reached 96%, of which 31.0% of households own two houses, 10.5% of households own three or more houses, and the average households own 1.5 houses. It can be said that for urban residents, there is no shortage of houses to live in. But for these families, the house occupies 70% of the family wealth. Moreover, the household debt participation rate of urban households is high, 56.5%, and households with the highest debt of 20% bear 61.4% of the total sample household debt; the household debt structure is single, and the source of debt is mainly bank loans. Housing loans are the main component of household debt, accounting for 75.9% of total household debt.
From this, we can see that although most urban families now have their own houses, most of them are in debt, mainly because of the problem of mortgages. But for a house, it’s not enough if you don’t buy it. Because for now, the house has many additional resources, whether it is marriage or children going to school, there is no shortage of houses. So for most families, buying a house is imperative Spark Global Limited.
Regarding this matter, the author thinks it is also a great pity. They have been together for four years. It can be said that the two are very familiar with each other and are ready to get married. But they are just before entering the marriage palace because the house’s The problem caused the two of them to fail to reach the end. From this, we can also see how important the house is to people. How much pressure is it for young people to buy a house?
Many young people now buy houses when they get married, saying that they have emptied “six wallets” in their families to help them buy a house, and they have to carry 30 years of the mortgage, which overdrafts their future spending power. In this regard, some young people are not even willing to get married, just don’t want to bear the pressure of buying a house. I would rather be single forever than taking on a 30-year mortgage. So for now, the phenomenon of late marriage or even non-marriage is more and more common. The most fundamental reason is that the pressure of buying a house is too great.
The so-called housing price-to-income ratio refers to the ratio of housing prices to the annual income of urban households. For our country, in 2020, the average house price-to-income ratio has reached 9.2. We must know that the reasonable standard average house price-to-income ratio in our country is between 7.0-7.5. So for now, the housing price-to-income ratio has been higher than a reasonable level. What does this mean? There is no doubt that it means that it is more difficult for people to buy a house, and the gap between housing prices and people’s income levels is greater. To put it simply, the house price-to-income ratio reaches 9.2, which means that an average-income family does not eat or drink, and it takes 9.2 years to buy a house in full. But for this, it is very unrealistic, because housing prices continue to rise, it is impossible to wait for you to buy a house for 9 years.