Reduce down payment and reduce purchase cost Sohu Finance-liuxiaobo

Reduce the down payment to reduce the purchase cost of Sohu financial statements of a school – if you increase the down payment to buy a house, not only can reduce the mortgage interest costs, and we buy is "today house prices", the purchase cost can people really down. In 2016, "destocking" became the focus of government attention to the real estate market. In February 2nd, the people’s Bank of Chinese and Chinese Banking Regulatory Commission issued a major related stock movements in the decision not to implement the building of the restriction measures in the city, for the first time the purchase of ordinary housing families, on the principle of the minimum down payment is reduced to 25%, down 5 percentage points over the floating; and have a homes, even if the loan has not been settled, in order to improve the life again for commercial individual housing loans, the minimum down payment ratio will be adjusted to not less than 30%. Once the policy was announced, immediately sparked heated debate, economists have said: the property market policy warm or continued for two or three years, such a reduction of down payment practices, can reduce the purchase cost of property buyers. Reduce down payment can reduce the purchase cost? Wrong! This statement is not appropriate, or even contrary to the basic knowledge of finance! First, from the financial point of view, the lower the down payment, the higher the financial leverage. For example, if you buy a house worth 1 million RMB, assuming that the loan rate is 8%, you will pay off the debt in installments for 25 years. As a result, 10% and 25% of the first payment interest, the former is 116063 yuan, the latter is 96717 yuan, how can reduce the cost of housing?! Secondly, lower down payment and increase the bank’s "multiplier effect" that public hands will have "tomorrow’s money", lower Shoufu, people buying more than their actual income, the market supply-demand relationship is distorted immediately, the more prices will be "tomorrow’s money" and push with the high, does not yet exist, tomorrow’s money to purchase, the real demand will increase indefinitely prices naturally rose sharply. In this case, today to buy "tomorrow’s house" house, how can reduce the cost of housing?! On the contrary, if you increase the down payment to buy a house, not only can reduce the interest cost of mortgage, and you buy is "today’s house prices" house, people’s real estate costs can really down. And because the last round of the stock market slump, concussion still aftermath is not flat, it is difficult to hedge gold (the last Wall Street hunters aunt scar still exists, gold is in a bear market, so long) for lack of investment channels for ordinary investors, seems to be the only house to resist wealth. Most of the houses with their hands are sold as investment products, hoping to sell at higher prices. The current Chinese property market, after many years of repeated government policies to save the market, obviously has gradually passed the last stage of drum flower. On the future trend of domestic prices, the recent market analysis was divided into two, some people say that prices will fall cliff style, and some say the price will be ten times the blowout. These two statements are somewhat alarmist. Personally think that the short-term trend of the property market is likely to be: the first tier cities

降低首付减少了购房成本吗-搜狐财经   一家之言  如果提高首付买房子,非但能减少按揭的利息成本,而且大家买到的都是“今天房价”的房子,人们的购房成本才能真正地降下来。  2016年,“去库存”成了政府对房地产市场最关注的重点。  2月2日,中国人民银行与中国银行业监督管理委员会发布了一则重大 相关公司股票走势 决定,在不实施楼房“限购”措施的城市,对于首次购买普通住房的家庭,原则上最低首付款降低至25%,各地可向下浮动5个百分点;而已经拥有一套住房的家庭,即便贷款尚未结清,为改善生活再次申请商业性个人住房贷款,最低首付款比例将调整至不低于30%。  此项政策一经公布,立刻引发了各方的热议,有经济学家分析说:楼市政策暖风或持续两三年,此类降低首付的做法,能够降低购房者的购房成本。  降低首付能减少购房成本?错!这个说法是欠妥当的,甚至可以说违背了金融的基本常识!  首先,从金融的角度来分析,首付降得越低,金融杠杆就越高。举例来说,如果购买一套价值100万人民币的房子,假设贷款利率是8%,将分期25年还清债务。如此一来,10%与25%的首付款利息,前者为116,063元,后者是96,717元,怎么可能减少购房成本?!  其次,降低首付加大了银行的“乘数效应”,即大众手中就都有了“明天的钱”,首付越低,人们的购买力就越超过他们的实际收入,市场的供求关系立刻被扭曲,房价就越将被“明天的钱”而推高,用尚不存在的、明天的钱去购房时,那种不实的“求”便无限增大,房价自然急剧上升。这样的话,在今天去买“明天房价”的房子,怎么可能减少购房成本?!  恰恰相反,如果提高首付买房子,非但能减少按揭的利息成本,而且大家买到的都是“今天房价”的房子,人们的购房成本才能真正地降下来。  而由于股市不振、上一轮震荡的余波仍旧未平,黄金更是难以保值(上次大妈抄底华尔街的伤痕依然存在,黄金依然在漫漫熊市之中),因此对缺乏投资渠道的普通投资者来说,似乎只有房子才能抵抗财富缩水。  那些手上持有多套住房的,大多都把房子作为投资品,希望以更高的价格卖出。而目前的中国楼市,经过政府多年反复的各种救市政策,显然已渐进击鼓传花的最后阶段。关于国内房价的未来走势,近来市场分析分成了两极,有人说房价将断崖式暴跌,而有的却说价格将井喷十倍。  这两种说法都有些危言耸听。个人认为,楼市短期走势的大概率将是:一线城市房价依然小幅上涨,二线城市止涨,三、四线城市将下跌。  根据国家统计局公布的数据:截至2015年10月底,中国商品房待售面积高达68632万平方米,同比增加14%,创下历史新高。当前楼市除了具备刚需的正常消费品属性之外,同时还是一项保值增值的投资产品。也就是说,买房子等升值的投机行为占了相当比重。  进一步说,在商品社会里,房屋是最大、最有利可图的商品。既然房子是商品,它就一定符合商品的价值规律。犹如股票的基本价值是从企业未来的盈利中获得,住房的基本价值是源于未来出售或出租住房产生的收入。而当下,无论从租售比,还是从房价的收入比来看,中国房价都已经脱离了基本价值,泡沫早就形成了。  而有史可鉴,持续过热的楼市将和金融危机如影随形,房价不可能无限制地涨上天。因为从本质上来分析,房地产业是靠高杠杆的银行贷款支撑着,它毕竟不是制造业(建筑业才是制造业),越是依赖银行房贷,距离金融危机就越近!  陈思进(资深风险投资顾问)相关的主题文章: