Last year, my siblings suggested using our father's pension savings as a down payment to buy another house, but I vetoed the idea.

The reason they persuaded was that currency would depreciate, and only by purchasing a house could we preserve its value. They even presented historical facts and reasoning from the past decade to support their argument.

This year, I've seen many instances of mortgage defaults online, seemingly more than during the pandemic.

I'm not necessarily saying not to buy a house; I'm saying don't buy at the peak or when the market is just starting to decline.

For this era, buying a house is not even a matter of concern, not even a speck of dust.

Advertisement

However, for an individual, buying a house could carelessly become a lifetime commitment.

This reminds me of "The Art of War" by Sun Tzu, which discusses the importance of war with its opening words: "War is a matter of vital importance to the state, the province of life and death, the road to survival or extinction, and must be thoroughly pondered."

For an individual, buying a house is also a matter of life and death, the road to survival or extinction.

Do not blindly follow the trend.If you had bought in 2003, 2005, or 2008, it would have been fine,

but, if you bought after 2015, there might be a problem.

Buying in 2019 could easily lead to a big issue.

Of course, if you're using it for yourself and have plenty of money, that's another story.

After the reform and opening up, up to now, whether it's Beijing, Shanghai, Shenzhen, Guangzhou, or second-tier cities like Jinan, Zhengzhou, Nanjing, Xi'an, or even third-tier cities like Pingdingshan, Hegang, Anqing, etc.

Suddenly, skyscrapers stand tall, and the environment is beautiful.

With so much construction across the country, have we really created such great wealth in these 30 years?

In fact, the dramatic changes across the country are built with the money of the people in the next 30 years.

It's like a poor man who wants to get married but has no money at all.Then, by piecing together and borrowing 500,000, 300,000 was used to build a house, and 200,000 was used for marriage.

Then, life also seemed to be thriving.

Then, it is with my wife, using the 30-50 years after marriage, to repay this 500,000 + interest.

This is the original appearance of life.

If we consider the country as a whole, it is that all our people have borrowed money for the next 30 years in advance to build up the country.

What about later?

Later, it is to catch up and repay the money in 30 years!

For individuals! You have to pray that there will be no major changes in the next 30 years.

Do not have years like the epidemic, do not have family members who are seriously ill, do not be unemployed for too long, and do not have deflation!

Real estate has a cycle, 20 years of rising, 10 years of falling, 10 years of flat, and then there will be another 20 years to rise again.If you accidentally buy at the late stage of a 20-year upward trend, it is highly likely that the remaining repayment period will fall within a 20-year period of decline and consolidation.

However, after 30 years, how old will you be? This is a question to consider.

People cannot live forever, and houses will not always remain new.

This is the tragedy of buying in at the late stage and taking over the market.