What is the difference between "house slaves" and "houseless people"? Expert: Af

2024-06-05

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Houses for the common people in our country are not only a place to settle down but also an important venue that can provide a sense of security. However, with the gradual rise of housing prices in our country, houses have transformed from ordinary commodities into financial products with investment attributes. We can see that nowadays, purchasing a house often requires spending millions of yuan, which also makes many people become "house slaves."

Although the term "house slave" does not sound pleasant, it vividly describes the heartache of those who buy houses. In the past, as housing prices rose year by year, people might have comforted themselves by thinking that buying a house is equivalent to investing. However, with the state's intervention in regulating housing prices, more and more people are saying that renting is more cost-effective than buying.

Nevertheless, this notion has puzzled many people who want to buy a house, not knowing whether it is better to be a "houseless tribe" or a "house slave" for a while.

The real estate market in China is unpredictable, so let's look at the difference between "house slaves" and "houseless tribes" from the perspective of experts ten years later.

I. The happiness of house slaves is unknown to the houseless tribe

The so-called "house slave" refers to people in our country who are burdened with heavy loans in order to buy real estate. They are bound by decades of mortgages, and their quality of life is also affected as a result.With a tone of teasing, people have bestowed upon them the title of "mortgage slaves," but in reality, while these "mortgage slaves" may appear to be in a bitter situation on the surface, they also have their own happiness behind the scenes.

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The high cost of housing has left many people burdened with substantial mortgages, forcing them to cut back on other expenses in life in order to repay their loans. They may even have to give up some of their hobbies to alleviate the pressure from the mortgage. If they need to raise children or pay off car loans, "mortgage slaves" must work even harder.

All of this severely suppresses the life happiness of mortgage slaves, and the emotional stress is greatly increased. Over time, this can lead to psychological issues such as anxiety and depression among mortgage slaves, and family relationships are also likely to be affected.

In addition, potential "black swan" events could expose mortgage slaves to the risk of asset-liability, causing a financial crisis for themselves.

However, from another perspective, mortgage slaves also have their own happiness. Although they bear a certain burden, the house they own also proves that they have a truly "home" of their own.

After owning a house, one can gain a life that belongs to them and have a stable and comfortable living environment according to their own needs.

Real estate is also a symbol of social status for some people; those who own a house can confidently say, "I am a homeowner!" This can also enhance an individual's recognition and self-confidence in society.

In summary, the life of a mortgage slave has two sides, and they need to balance the pros and cons brought by real estate.In stark contrast to the life of a "house slave," one might consider the lifestyle of the "houseless tribe." Although they may not have a stable living situation, their relaxed and free-spirited approach to life is something that house slaves can only envy from afar.

II. The Carefree Attitude of the Houseless Tribe Leaves House Slaves in the Dust

Today, the term "houseless tribe" has become a popular buzzword in society, referring to people who do not own real estate. Even when they get married and have children, they opt to rent.

Many young people nowadays forgo purchasing homes due to the high cost of housing, and they embrace their status as part of the "houseless tribe" as a new social attitude.

The houseless tribe is not constrained by the location of real estate. If there are changes in their work, they can relocate at any time based on their workplace.

This gives them more opportunities to choose where to live and work compared to those who own homes. By experiencing different living and community environments, they can also gain a richer life experience.

Financially, the houseless tribe enjoys greater freedom. Without the burden of a mortgage, they can better manage their personal income, saving it in the bank to earn interest or investing it in other areas to create more returns for themselves.

In the current volatile real estate market, the houseless tribe also does not have to worry about the risk of their assets depreciating in value.However, the "houseless" also face certain issues. Some individuals in our society, especially some women, regard property as a guarantee of their sense of security and stability. Without a house, they may lack this sense of security, which can affect their mental state.

The "houseless" have their housing rights in the hands of landlords, so if the landlord decides to sell the property, renters may have to move with all their belongings.

Should the general price level in society rise, landlords are also likely to increase the rent accordingly. This could potentially lead to rental expenses exceeding the cost of buying a home in the future.

Currently, in our country, owning a house is considered an important condition for marriage. Some men who insist on maintaining the "houseless" mentality may encounter difficulties in getting married.

They may also face some social evaluations and pressures, leading to unwarranted discrimination in social aspects.

It can be seen that both "mortgage slaves" and the "houseless" have their own conveniences, but they also face certain troubles. However, if we compare the situation of both ten years later, we can see a significant difference.

III. What will be the difference between the two ten years later?In reality, the lifestyle changes of those who rent and those who buy homes are related to the development of the cities they live in, local prices, and the future changes in China's real estate market.

Currently, although housing prices in our country are at a high level, it has become very difficult to see a significant increase like that of a decade ago due to the national government's intervention and regulation of the real estate market.

It is precisely because the national regulation of the real estate market focuses on stability that the industry can develop more healthily, making a large-scale decline in housing prices unrealistic.

In the first and second-tier cities of our country that are continuously attracting population inflow, housing prices are bound to trend upwards in the next ten years. However, in the third and fourth-tier cities experiencing population outflow, housing prices may stagnate or decline.

Therefore, if one wishes to become a "mortgage slave," buying a home in a city with a large population inflow can lead to asset growth, and by the time the mortgage is paid off, wealth accumulation will have been achieved.

On the other hand, becoming a "mortgage slave" in a city with population outflow not only reduces one's sense of happiness due to the mortgage burden but also leads to a devaluation of assets.

For those who rent, the national regulation of housing prices has gradually led to a more stable development in the real estate market.

Influenced by inflation, the wages of people in our country are bound to increase, and with personal effort, the rate of wage growth is likely to exceed the rate of housing price increase. When one has saved enough money to buy a home, it will not actually have too much of an impact on them.However, as the saying goes, "pressure is the mother of progress," the burden of a mortgage compels "mortgage slaves" to work harder, and in the process, they might also achieve growth in their careers. On the other hand, those without a house, if they are content with the status quo and enjoy their lives, will also remain in a "moonlight" state, possibly only experiencing a slight growth after ten years.

Therefore, it is impossible to draw a definitive conclusion about whether it is better to be a member of the houseless tribe or a mortgage slave. Industry experts suggest that, excluding other factors and looking solely at the potential for housing price increases, mortgage slaves in first and second-tier cities will fare better in the next decade, while the houseless in third and fourth-tier cities may lead a happier life.

However, China's real estate market is ever-changing, and the country continues to regulate the market. Even real estate magnate Wang Shi maintains ample confidence in China's real estate market.

So, looking at the current state of China's real estate market, should young people buy a house and pay off a mortgage, or should they invest the money that would have been used for a house?

IV. Should We Buy or Rent Now?

First, we need to examine the future trends of China's real estate market. According to the latest news released by the country, China's real estate market has entered an era dominated by existing housing, with improved housing being the main driving force for the real estate market.

Foreign capital is also very optimistic about the recovery of China's real estate market, which means that China's real estate market is gradually stabilizing, but there are still uncertainties.Therefore, it is necessary for young people to constantly check the housing-related policies in our country to consider whether to purchase property.

For example, some cities are currently implementing purchase restrictions, which could very likely constrain the development of the real estate market. If some cities implement policies that encourage both renting and buying, it means that China's rental market is more mature and stable.

However, when considering buying a house, one still needs to take into account their own needs and future development direction. If one plans to live in a city for the long term, they can consider buying a house to provide a stable residence.

But if career development is uncertain, renting still offers greater flexibility, which can create more possibilities for one's future development.

It is also important to emphasize the issue of investment for young people. If young people have limited funds, they can choose some high-safety financial products, such as fixed deposits and deposit funds. If renters have a stable income and savings, they can choose some high-risk financial products.

However, it is still necessary to remind everyone that there are risks in financial management, and investment should be approached with caution. Before investing, one must consider the risks of the product and their own ability to bear those risks to avoid causing overly severe losses.

Conclusion

From an international perspective, the real estate market has a certain cyclicality. As the country intervenes to regulate housing prices, it is inevitable that houses in China will return to their residential attributes in the future, and the real estate market will gradually stabilize.Regarding the decision to buy a house, it is essential for everyone to approach it rationally, setting aside the notion of whether the property value will rise, and making choices based on their actual needs.

However, as the population in China's first-tier cities and provincial capitals continues to grow, the rental market is bound to flourish in the future. Major real estate companies have also begun to focus on areas such as property management and rental apartments.

The various irregularities that currently exist in the rental market are also expected to be addressed and improved in the future.

So, do you think it is better to be a "mortgage slave" or a "homeless person"? Feel free to share your opinions in the comments section.