How to manage money in a 700,000 house?

Decide whether to rent or sell according to the actual situation of the individual.

House prices are now at a well-known high point, and even Li Ka-shing is selling mainland properties. In the news, prices everywhere also began to fall. But not all cities' real estate markets are reducing prices, and some good locations are still appreciating.

The house should not only look at the rental income, but also calculate the cost of the house, such as decoration, maintenance, various property fees and various taxes and fees in the transaction process. Even the inheritance tax to be levied in the future should be taken into account. If the future appreciation of the house exceeds these costs, then don't sell it. If the future appreciation is not enough for these costs, then act as soon as possible.

In addition, except for insurance wealth management products, all wealth management products have risks. Even for deposit banks, there are risks such as bank bankruptcy, national interest rate adjustment and various taxes and fees collection. Don't think that banks can't go bankrupt. It is not false that more than 200 banks in Europe and America closed down in the financial crisis a few years ago. You can find out how Hainan Development Bank closed down in 1998. Coupled with the personal deposit insurance system to be introduced in the future, the country is ready for bank bankruptcy. The personal deposit insurance system only pays for deposits and does not pay for wealth management products. Therefore, choose financial products carefully.

I am the financial product agent of China Ping 'an. If you have any questions, you can ask me, and I'll be happy to help you.