Why do young people like to rent for life?

In recent years, the real estate market in China has been concerned, especially for young people. With the high cost and pressure of buying a house, more and more people choose to rent a house. Then, let's talk about the background and reasons why China youth groups accept lifelong renting, as well as the advantages and disadvantages of renting and buying, and finally discuss whether the house price will rise.

First of all, the background and reasons why China youth groups accept lifelong renting.

1. High housing price

China's housing prices have been very high, especially in first-tier and some second-tier cities, which have almost exceeded the purchasing power of most young people. For young people, the cost of buying a house is too high, which requires not only a considerable down payment, but also a long repayment period, which is undoubtedly a burden for young people.

2. Occupational instability

Compared with the past, young people's job stability is not as good as before. Short working hours, frequent job-hopping and unstable income all make them take a wait-and-see attitude towards buying real estate. If a person's job is unstable, or he wants to move for work reasons, then buying a house is not a good choice, because it takes some time and procedures to realize the real estate, which may make their financial situation more unstable.

Young people like flexible life style.

Nowadays, young people pay more attention to freedom and flexibility, and they are more inclined to choose a flexible lifestyle. Renting a house can change the place of residence at any time, and it is easier to adapt to the changes in personal career and life. In addition, renting a house can also reduce some burdens, such as housekeeping, maintenance, property and other issues.

Second, the advantages and disadvantages of renting and buying a house

The benefits of renting a house.

(1) The financial pressure is relatively small. Renting a house does not require a large amount of money at one time, and the rent is lower than that of a mortgage.

(2) Greater flexibility. Renting can be adjusted according to your own needs and actual situation. For example, you can choose a house closer to your workplace, or you can choose a bigger or smaller house.

(3) There is no need to bear the problems of maintenance and property. Renting a house can save a lot of maintenance and management costs.

2. The benefits of buying a house

(1) is more stable. Buying a house can make people have a stable residence, without worrying that renting a house may be asked by the landlord to move out at any time.

(2) Asset appreciation potential. If the house price in the area where the real estate is purchased rises, then the real estate can become a way of asset appreciation.

(3) The degree of freedom is higher. You can buy a house more freely, and you can decorate and use it according to your preferences and needs.

3. The disadvantages of renting and buying a house

(1) disadvantages of renting a house

The biggest disadvantage of renting a house is that the rent is gone and there is no opportunity for asset appreciation. And with the rising rent, the cost of renting a house may increase gradually.

(2) the disadvantages of buying a house

The disadvantage of buying a house is that you have to invest a lot of money at one time and bear a series of expenses such as loans, interest and real estate. Moreover, buying a house is a long-term investment and needs to be held and managed for a long time. If the house price falls or cannot be realized in time, it may cause financial losses.

Third, will house prices rise?

The rise and fall of house prices mainly depends on the relationship between market supply and demand, and is mainly influenced by factors such as policy, economy and population. Although it is difficult to predict the rise and fall of house prices, we can speculate by the following points:

1. The impact of population mobility

With the acceleration of urbanization, population mobility is increasing, especially among young people. If the city has enough employment opportunities and high-quality educational resources, these people tend to concentrate in the city, which will promote the development of the real estate market and the rise of housing prices.

2. The influence of policy factors

Policies have a great influence on the real estate market, such as the introduction of regulatory policies, land policies and loan policies. , will have an impact on housing prices.

3. The influence of economic factors Economic factors are also important factors affecting housing prices. Economic growth, price level, interest rate level, etc. It may have an impact on house prices.