Is it not recommended to buy a house if your monthly salary is below this amount? Only 3% of the country’s 1.4 billion people meet the standards

Various signals show that the era of making profits from investing in real estate has come to an end, but there are still countless people who spend all their money to buy a house. The Chinese people have always maintained a lofty enthusiasm for real estate investment, which is ultimately due to three reasons: first, the traditional thinking of buying a house to settle down; second, the housing prices have increased or decreased in the past two or three decades, and buying a house is in a sense the best option. Third, real estate has been a pillar of the economy for 20 to 30 years. The idea that economic development is inseparable from real estate is deeply ingrained. No one believes that the country will really suppress housing prices.

However, the goddess of finance Ye Tan is vaguely uneasy about this. She bluntly revealed that more than half of Chinese families are currently doing suicidal asset allocation, with assets allocated at 200% (using leverage) For real estate, this is undoubtedly the most unhealthy way to invest, because once the risk comes, countless people will be defenseless.

Not only that, she even bluntly suggested that if you just need to buy a house, you must follow a reasonable asset allocation method when buying a house in the future. For example, if you buy a house with a total price of 600,000 yuan and your monthly salary is less than 7,000 yuan, it is best not to buy a house. Ye Tan's meaning is very clear. Whether it is buying a house to live in, or investing to make money, it is not that I don't recommend that everyone buy it, but that everyone should have a more advanced and reasonable fund allocation plan. In particular, the all-or-nothing asset allocation in the past, which was like committing suicide, cannot be sustained anymore.

In the past, real estate was regarded as an asset that was bound to rise. There was no need to worry about falling house prices when buying with crazy leverage. Many people dared to do so even if they only had enough money for a down payment and even if the monthly payment for the next month was not paid. Buy a house, and it turns out that many people win. But whether real estate can continue the glory of yesterday in the future, the answer is already clear: with the continuous deepening of regulation and control, policies are gradually tightened, especially the implementation of a combination of de-leveraging real estate, cracking down on investment speculation, and rectifying violations and chaos, or The wealth-making myth that marked the immortality of real estate has come to an end. When investment in buying a house is full of uncertainty and even has a high probability of losing money, all-or-nothing irrational investment can no longer continue. More people should be aware of this reality.

If your monthly salary is less than 7,000, why can’t you buy a house with a total price of more than 600,000? Why is exceeding this standard a suicidal asset allocation? Let’s do some calculations and everyone can understand better.

For a house with a total price of 600,000 yuan, based on a loan of 70,420,000 yuan with a 30% down payment, and a 30-year loan, the monthly payment is about 2,100 yuan, and a monthly salary of 7,000 yuan is more than three times the monthly salary, excluding There is still a balance of 4,900 yuan per month for the monthly payment. If calculated based on the monthly living expenses of an average family of 3,000 yuan, the salary of 7,000 yuan, after actually excluding all expenses, will only have a balance of less than 2,000 yuan in the end. This is only if there are no emergencies (serious illness, etc.).

However, the reality is that the vast majority of people with a salary of 4,000 to 5,000 yuan dare to buy a house that requires a monthly mortgage payment of 3,000 to 4,000 yuan (monthly payment accounts for more than half of the salary income) . It is no exaggeration to say that many people are actually living the lives of millionaires, but in reality they are living the lives of poor people who dare not consume, travel, or have children.

Some people may say that you are being alarmist. Many people still live a comfortable life even if their mortgage loan accounts for more than half of their salary. What I want to say is that reality may not be true. Probably each of us has heard too many stories about making money by buying a house, and feels that it doesn’t matter how high the leverage is. In fact, this is not the case. In the past two years, foreclosures have surged 128 times, from less than 10,000 units two years ago to 1.2 million units today. How many of them were forced to be repossessed by banks because they could not meet the monthly payments? Some time ago, the news that a high-paid programmer in Shenzhen lost his job and could not afford the monthly payment of 12,000 yuan also sounded the alarm that suicidal house buying must end.

So what is a more reasonable repayment ratio? According to common international practice, the standard monthly repayment rate is 30%, which is also what many people consider to be the ideal monthly payment-to-income ratio. That is, a monthly income of 7,000 yuan and a repayment of about 2,000 yuan is the most reasonable fund ratio.

So what is the monthly salary of 7,000 yuan in China? Many people may never have dreamed that a monthly salary of 7,000 yuan is actually a high income level, and only 3% of people in China have this kind of treatment. The Bureau of Statistics released the "Gazette": a monthly income of 5,000 yuan can crush 90% of Chinese people. A monthly income of 7,000 yuan is even rarer.

The statistical data released by Zhaopin Recruitment is even more unexpected: among 1.4 billion citizens, 3.07% are those with a monthly salary of more than 7,000 yuan. Earning over 10,000 yuan a month by working is not as easy as everyone thinks. More people are just struggling to make ends meet.

Some people may have questions, why are the average salaries in major cities officially released every year so high? The answer is simple, many people are averaged out. That is to say, the total wealth of China's rich is too high. If the average income of a person who earns 2,000 yuan in 10 months and a person who earns 2 million in a month is averaged, the average salary is actually as high as 184,000 yuan. In a word, the gap between rich and poor is too big.

According to theory, 97% of people in China should not buy a house with a total price of more than 600,000, so why are there still many cities with house prices of 20,000 to 30,000 per square meter, with a total price of several million? Can people afford it? Who bought those high-priced houses?

This involves bank leverage and hidden funds. A careful analysis of the groups that can really support high housing prices in China will reveal that those who spend a lot of money to buy houses are generally divided into three types of people: demolition households, business owners, and house-for-house groups.

With the current housing price level and the salary level of most people, I am afraid that many people will not be able to afford a house even if they work for 20 years without food or drink. But developers build more than 10 million units every year, and they are eventually bought. In fact, the vast majority of the above three categories of people are buying houses. Either the company uses bank leverage to purchase the entire building, or it is a very smart businessman with an annual income of several million, and at the same time owns many properties, and the total amount of funds is astonishingly high. For us ordinary people, it is almost impossible to buy a house purely based on salary. In today's market, 90% of those who really need to buy a house have to sell their house first before they can afford it. When young people first come to a city, they want to buy a house with their salary. If there is no rich father behind them, it is definitely impossible to achieve it easily.

The proportion of funds reserved for buying a house in the future will change, but this does not require everyone to strictly follow the international monthly repayment rate of 30% to buy a house. The appropriate monthly payment needs to be analyzed on a case-by-case basis, and should be judged based on the total income and the amount of deposits in hand.

In addition, the setting of the monthly payment-to-income ratio must be comprehensively set based on family population, consumer spending, overall plan and other aspects. In a word, the property market has bid farewell to the stage of irrational and rapid development. In the future, buying a house should be as reasonable as possible. Especially after this year's epidemic, everyone should have some insights: pay more attention to health and cash flow. A healthy body and cash flow are the operating blood of any entity. This is true for enterprises and even more so for families.