now enter the interest rate cycle, because interest rates continue to rise, many people began to busy due to the Bank mortgage prepayment. Under the influence of traditional attitudes, most Chinese have negative debt heart unhappy feeling. The previous interest rate cycle, I scrimped to bite, even take money from relatives and friends, in early 2007 to Provident Fund loan relief due to the Bank to pay off. Was also on an annual salary of up to seven digits but is not also the mortgage, and claims “ to owe the Bank is a capital, why &rdquo in advance; the friends do not understand.
return, however, prepayment of regret to myself, if you go back a few years ago, I have to borrow money from banks, and 30 years slowly or not giving back loan forward.
after the financial crisis of 2009, share prices rebounded after falling to the floor, house prices have a callback, and even more rare is, due to the discharge of the Bank, banks hands too much money, and loans for people, not only the first set of mortgage interest rates fall, even if the two sets of home loans, interest rates can also play 70 percent. No matter what the bottom-feeders, gains are considerable.
I was around a lot of friends, either in the stock market make a fortune or to low interest rates by the Bank bought the second set, the third suite, assets turned over several times. More good, step on the time difference of good stock and real estate market, making the stock market and then make the real estate market, therefore makes multi-millionaire (now with 3 suites, tens of millions of assets is not difficult).
now banks raised interest rates, which helped rich guy stealing music! Because others first mortgage interest rate benchmark, they two suites of three suites, you can still enjoy the rate of 70 percent. And I borrow money from relatives or mortgages, was forced to pay at a crucial time, missed buying at a good time. Now, I am acutely aware, for family finance, debt is a necessary configuration. This time, everyone in the harvesting of property income, if all of the “ Po ” are betting on earnings growth difficult enemy to inflation, is necessarily relative situation of the quality of life in the future more and more low.
friends has a couple, a room for five or six years, has been not determined to buy, for fear of liability are too high, as a result, more than their work later than low income all live on the new House, themselves also with children in the dwelling, now hand hands of hundreds of thousands of dollars in cash, more dilemmas.
I would not suggest that you now to borrow to buy, price, I was put. Only experience tells me that for purposes of wealth, capital is a pair of wings, a chance, if there is no capital, you'll never difficult to leap. Although lending rates continue to rise, but be sure not to save the interest, the mortgage paid off. Negative point debt financing can leap.
