Pressure from buying a house
In the past 2022, the economy faced many difficulties, the real estate market in Ho Chi Minh City was also “stagnant” when the supply dropped to a record. In addition, the tightening of credit in the real estate sector makes it difficult for people to access capital to buy houses to stabilize their lives. This is causing “pressure” to make many people worry regarding future plans and plans.
Many young people face financial pressure to buy a house. Photo: HT
Sharing with The World Marketing Online, Mr. Kim Cuong (38 years old, from Ha Tinh), said: “For young people, home is always the top goal and must be done to soon stabilize their lives. However, I have just started a new business and have not accumulated much capital, so buying a house has many difficulties.In order to have my current house, I have to borrow a large amount of money from the bank, and now Now I’m struggling to pay very high interest every month.”
Ms. Nguyen Hoa (29 years old, native of Binh Thuan) said that in Ho Chi Minh City, the cost of living is very high, and if you want to save, it’s only close to your own income. For young people like her, 10 years into Ho Chi Minh City to set up a business, the salary and revenues are not rich. If you want to have a house, you must calculate it very carefully and use economic leverage, borrow money from relatives, banks, etc., the above accounts make people struggle.
“The most stressful is bank loans, in difficult economic times like now, bank interest rates are too high, if it stays like this, I don’t know if I can handle it in the future. I used to joke with you. friends, buy a house, if you can’t pay the debt, then sell it… With the difficult economic pressure and high interest rates like now, it’s very possible to have to transfer the house you just bought, “chi Hoa said. .
When should you take out a home loan?
In the second half of 2022 and early 2023, many companies and factories had to reduce working hours, cut wages for employees and workers, etc. due to small orders and heavy expenses, they had to tighten spending.
Mr. Pham Duong – CEO of a real estate company in Ho Chi Minh City, said that following the Covid-19 epidemic passed, his company had to cut wages … this really didn’t want to, but to bring the company to life. Through this difficult period, it is imperative to take measures to maintain. The company is full of young employees, leaders must encourage many people to work together to overcome difficulties…
House prices in Ho Chi Minh City are increasing day by day. Photo: HT
According to some investors, now it will certainly be more difficult to buy a house when the land fund is limited, large investors are no longer interested in low-cost housing projects, houses for low-income people, so the Buying a house with many people is becoming more and more distant.
In Ho Chi Minh City, the apartment projects under 2 billion almost no longer exist. If you want to have a house, you have to invest in apartments around 3 billion. This is really the pressure, the “fear” of young people who want to have a home and a place to settle down.
The use of financial leverage should be considered in a difficult economic context. Photo: HT
“If the financial resources are not secure and you own a home too soon, the rest of your life will mainly be spent paying off debt. This also leads to young people not having money to take advantage of other investment opportunities. Therefore, young people, if their finances are not enough 50% of the house value, should be careful and should not use too much valuable economic leverage to put pressure on themselves,” said the director of a real estate company. real estate said.