In July, the property market changes

time:2022-12-09 07:56:54source:chakarski.com author:Fuel stock
In July, the property market changes

Since July, the owners of many unfinished properties across the country have announced mandatory loan suspensions. As of yesterday, 80 unfinished real estate projects have issued notices of "mandatory loan suspension". The so-called "stop loan" is actually a cut off supply. It started with a Evergrande real estate in Jingdezhen, Jiangxi Province, and since then there has been a trend of "a single spark can start a prairie prairie". Coincidentally, this sentence was first said in Jiangxi. The real estate is unfinished, the worst is the owner, and the most innocent is the owner. They worked hard to make a down payment with six wallets, and borrowed from the bank for decades, but the building was left unfinished. Developers have misappropriated funds, and many banks have issued loans in violation of regulations in this process, and the supervision of supervision accounts has also become empty talk. So, this time the owners finally couldn't hold it anymore. The owner of the first real estate in Wuhan said, "I can't even eat, and as for the credit report, I don't care anymore"! According to the current regulations, even if the real estate is unfinished, the mortgage must continue to be repaid. If it is not paid, then the credit investigation will be applied. After that, the bank can sue and enforce it. Of course, people must also have property to execute. After all, people who are already barefoot are not afraid of wearing shoes. This is reminiscent of the subprime mortgage crisis in the United States. The root cause of the subprime mortgage crisis in the United States is that too many low-income earners have been issued loans, and these loans have been packaged into various financial products, which is equivalent to adding dozens of times of leverage. Because many people could not afford to increase their income, they could not afford loans, they chose to cut off the supply, and then the subprime debt defaulted on a large scale, which finally triggered the financial crisis. Now, I don't know how much the bank's risk exposure to these unfinished properties is, and I don't know whether these loans are packaged into wealth management and sold, so I can't judge the overall risk situation. What's more, can these so-called "loan suspension" people really be able to hold on? This is a question mark. But if you have been to all the unfinished buildings and implemented it firmly, then there is a high probability that systemic risks will be triggered. According to experience, the unfinished building is actually not without solution. After all, the construction cost of the real estate is more than 2,000 per square meter. In addition to the land price, the cost of the real estate is about 30% of the house price. The only thing missing is a leader and cash who are willing to save the unfinished building. According to previous experience, there are basically only two ways to solve the unfinished building. One is that the developer is not dead yet, and then as the house price rises, they sell the house while collecting the money, and when they come back, they will repair it a little bit, and grind it slowly. However, it is no longer realistic to try to save developers with a sharp rise in housing prices, because the ceiling of real estate has reached. The debts of many developers have actually been unsolved. In fact, everyone knows the reason why they are not going bankrupt. In addition, under the government organization, someone took over. When other people take over, they want to make a profit, or at least not lose money. Or if there is an unsold house behind the building, you can continue to sell it to recover the cost. Or just modify the land properties and planning. For example, commercial and residential land can be turned into a whole house, or the density can be increased, and a few more buildings can be built. However, life for other developers is not easy now. Everyone is on the verge of life and death. It is even more difficult to find a pick-up man.
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