Consequences of China's mortgage cut-off VS Philippine property cut-off

Recently, China's housing enterprises have exploded a lot of thunder, and everyone is generally bad at the housing market. Although the government and banks have loosened their policies many times, they are still unable to save the market. Housing prices have been declining all the way, and people's mood for the housing market is mixed.

The housing ownership rate of urban residents in China has reached 96%. At present, the average housing vacancy rate has reached about 15%, and even some cities have reached 30%. This is a very scary data.

A few days ago, China's famous real estate agency chain shell released a report on the vacancy of houses, which suddenly let the people of the whole country understand the concept of vacant houses, and even caused panic among many people and began to sell second houses.

But the report was taken off the shelves within a few days of life, and the shell came out to refute the rumor that the data was wrong.

However, no one is a fool. As long as you walk around your city after 8 o'clock in the evening and count the lighted buildings, you can probably know how the vacancy rate is.

As a result, housing enterprises cut prices, banks cut interest rates, the government relaxed the conditions for buying houses, civil servants went to the countryside to sell houses, and even publicly took the lead in buying houses at the mayoral conference. One set was not enough to buy another set, two sets were not enough, and three sets and four sets could also be considered. It was just like buying cabbage. However, despite the multi-pronged approach, the housing market was still in a slump.

In the face of such a sluggish housing market, coupled with the economic losses caused by the new crown epidemic, the owners who bought houses with loans in the past few years could not sit still. After all, before the house was obtained, they had already lost tens or even millions of dollars. Therefore, the topic of supply cut-off naturally surfaced. Whether it is the collective supply cut-off owners who have been searched in hot search or some owners who are brewing to cut-off supply in a small area, they have to face a serious problem;

What are the consequences of the cut-off?

In China, if the payment is made decisively, there is no doubt that the money paid before will be wasted, and this is acceptable to some owners;

However, once the confession is cut off, it will be prosecuted by the bank and will become a dishonest person. It will be restricted from high consumption, high-speed rail and plane. Of course, we can also overcome these.

If you look at the more serious consequences, it will affect the children's college entrance examination and the civil service examination. This is the burden that all Chinese people cannot bear. After all, the lost money can be earned again, but the child is the future of the family. Who affects the future of the child? That is the sinner of the family.

Therefore, many people want to cut off their offer, but they can only think about it. They must also borrow seven or eight yuan a month to complete the monthly offer on time.

Many netizens asked Xiaobian, after buying a house in the Philippines, what will happen if the supply is cut off?

Xiao Bian has been engaged in Philippine real estate investment for many years, which can give you a brief introduction;

In the Philippines, the so-called installment payment is only a payment term for the developer and has nothing to do with the bank;

Therefore, when you want to cut off your confession, then cut it off without any legal consequences;

For the house payment already paid, as long as the payment time exceeds 24 months and the amount exceeds 20% of the house price, you can also apply for a refund of half of the amount;

Of course, each developer's requirements are different, but Philippine law stipulates this.