30-year mortgage interest equals principal? There are so many?

Recently, the topic on the Internet is quite hot. Recently, everyone is in full swing. What's the topic?

30-year mortgage interest is almost equal to the principal, right? Let's do a simple calculation,

Let's calculate according to the current benchmark mortgage interest rate.

The benchmark mortgage interest rate should be 5.9%. For example, if you borrow 500,000 yuan, the average capital will be repaid after 30 years.

What is the final repayment amount? Almost more than 940 thousand, including 500 thousand principal and 440 thousand interest,

It seems that it is almost equal to the principal.

30-year mortgage interest equals principal? There are so many?

So how should we look at this problem? Of course, it depends on the situation.

For example: in the first case, you want to buy a house but don't have that much money. Do you have any choice but to borrow money to buy a house?

In the second case, you can choose, but the question to consider is whether you have lost or earned this loan, and this still needs to be divided.

It depends, for example, in the past twenty years, the currency has depreciated very quickly and the house price has risen rapidly, so this loan is the welfare given to you by the state. You can think of it this way. Is 10 universal 30 years ago the same as 10 universal today?

Tell a true joke: 1989, a young man bought a suite in Shanghai. At that time, his salary was only 80 yuan a month, and it has been 30 years since he had to change loans from 60 yuan a month. On 20 18, he still had a month's loan from 60 yuan, and before he paid it back, he easily got a suite in Shanghai.

So looking back now, mortgage is the most cost-effective financial lever that ordinary people can access. The most direct reason is that the loan interest rate is much lower than this.

Inflation rate

30-year mortgage interest equals principal? There are so many?

Then let's talk about another situation. If the development speed slows down, the income growth slows down, or even there is a long period of negative growth, then this is another matter.

What is the value of 1 10,000 today to 2050? It's hard to tell,

You think you have made a profit in social development, which means you believe that in 30 years, the house will be as valuable as it is now.

Income will continue to grow as it has in the past 30 years.

On the other hand, if the house price is worthless after 30 years,

If the speed of social development is slow, it will lose money.

After the loan is paid off, you can buy an extra suite.