Beijing Xicheng rental-sale ratio joke

Last year, two long-term rental apartment giants attracted a lot of criticism because they robbed the housing to drive up the market price. After the matter was interviewed by relevant departments, relevant enterprises also made corresponding commitments. ?

But the adjustment of individual enterprises has not affected the general trend of the market.

Recently, the rent report of 20 cities in the seventh week of 20 19 released by Zhuge Housing Search Data Research Institute shows that:

In the seventh week of 20 19, there were 65,438 key cities, and the average rent was 43.53 yuan/square meter/month, up 0. 15% from the previous month.

2. The average rent rose 16 city, with an average increase of 0.25%; Four cities fell, and the average decline narrowed to 0.08%.

The number of rising cities has increased, and the decline of falling cities has narrowed. Generally speaking, rents in 20 cities have picked up after the Spring Festival.

In addition, let's look at a set of data:

The rising trend of data will always affect the mood of countless people, and the proportion of housing rental expenditure in living costs and wage costs is not small. From the above data, we can see that it is not easy for renters.

Many people who work hard in a foreign land always hope to own a house of their own as soon as possible.

Every time I call the landlord for rent, I may be thinking, "When can I stop paying rent and collecting rent?" ?

In everyone's eyes, collecting rent is almost equivalent to lying down to earn money, but is this really the case?

1

Recently, a landlord complained to Zhuge Xiaosheng that her rent collection days were not satisfactory.

The couple worked hard in first-tier cities for half their lives and finally had a relatively stable life. In addition to owning a self-occupied house, they also prepared a suite for their parents in the outer ring the year before last.

Originally, I planned to let my parents in my hometown come and enjoy retirement, but my elderly parents didn't adapt to the weather and life in the first-tier cities, and they lived in that house for almost two years and less than three months.

Therefore, this property for parents can only be vacant for a long time. In order to alleviate the high mortgage pressure of the two suites, we can only rent a house far from the outer ring.

It turns out that it is not cost-effective to rent out this house, and there is little left after deducting the daily heating cost of the property.

At the same time, I also bear the monthly payment of more than 7000 yuan, plus the down payment paid at that time, so the income of this suite is actually not comparable to that of ordinary wealth management products!

House prices have not improved significantly in the past two years, and I don't know what will happen in the future. If the house price is sideways for a long time, the benefits brought by this suite will be minimal.

In the eyes of outsiders, she is a "local tyrant" with two suites and a "rental woman" who collects rent.

However, only she knows that there is still a long way to go before she and the chartered girl can live a confident and unrestrained life. At present, she is still walking on thin ice, afraid of losing her job and her parents getting sick.

At present, this house is more like chicken ribs to her. Eating is tasteless, but it is a pity to abandon it.

2

Of course, many people will say that the real income of landlords in these years comes from rising house prices, not rising rents.

The reason why this concept has been recognized and gradually consolidated by the public has a lot to do with the current situation that house prices have only risen but not fallen in recent years.

It is a joke that house prices only go up and not down.

The international standard of rent-to-sale ratio is usually1:100-1:200, but according to this standard, the rent-to-sale ratio of first-tier cities in China is far from that of most key cities!

And everyone has long been used to this wonderful rental-to-sales ratio. Even many media would rather use population, vacancy rate and leverage to correct the real estate bubble than rent-to-sale ratio.

However, people's habitual neglect does not mean that it has no influence on our lives! At this rent-to-sale ratio, someone must pay the bill. Buyers are both renters and property owners.

At this rent-to-sale ratio, someone must pay the bill. Buyers are both renters and property owners.

Not only did the renter pay the unbearable rent, but the owner of the house did not enjoy the huge benefits brought by his own assets.

Perhaps in the future, a good rental-sales ratio will return to the public's field of vision. After all, the financial attributes of real estate are gradually being weakened.

three

For a long time in the past, both ordinary people and entrepreneurs, or the capital sector have formed a strong financial dependence on the property market.

The salary of ordinary people for several years may not be worth the appreciation of a suite;

In the early years, many private entrepreneurs joked that they had worked hard for ten years and no one else had made much money by building a real estate.

In the long run, everyone's dependence on the property market will soon form inertia. This renter cried and said that the first-line rental and sales ratio was "dead"!

Most people's behaviors are irrational, and the income and capital investment brought by the rise of the property market are attractive, which leads to the continuous enhancement of the financial attributes of the property market.

However, real estate that is gradually divorced from demand and life will have an impact sooner or later. The financial crisis in other developed countries such as the United States and Japan is a warning.

Compared with the long-term development, the short-term carnival brought by this dependence on the financial attributes of real estate is obviously the most rigid cause.

However, in order to change the past excessive dependence on the financial attributes of real estate and return to rationality, we can only gradually weaken the financial attributes of real estate.

I still remember that some fans once discussed with Xiao Sheng the problem of deleveraging and stabilizing the leverage of the property market at this stage.

On the surface, the media talk about stabilizing leverage, but in practice, we can easily see more signs of "going". After all, the leverage of the property market has not been small in recent years.

Continued urbanization in the future will continuously reduce the financial attributes of the property market, and the "dead" rental-to-sale ratio may become an important reference for the public to measure the value of real estate.

four

However, at present, this abnormal rental-to-sale ratio is not all a drawback. In the era of efforts to stabilize housing prices, it has become a great weapon to maintain stability.

To sum up, we can see that while house prices are soaring, rents are not rising at the same time. In the past, property buyers could also gain income through property appreciation. However, after the financial attribute of property is weakened, it is difficult for house prices to rise sharply as in the past.

At the same time, the income from renting a house is very small, which means that the return on investment of real estate is decreasing, and investors will become more and more cautious about starting a real estate.

In addition, it is obviously difficult to change the current situation of rent-to-sale ratio in a short time, which will also make some highly leveraged groups sell their properties, thus further balancing market supply and demand and stabilizing property prices.

Of course, this is also the main reason why Zhuge Xiaosheng does not recommend blindly investing in the property market.