What is the leverage ratio of the residential sector? The impact of the rapid rise of the leverage ratio of the residential sector
4hw.com.cn: as a monitoring indicator that has an important impact on the macro-economy and people's life, the leverage rate of the residential sector rose too fast, which not only hedged the decline of the leverage rate of non-financial institutions, but also led to the rise of the total leverage rate instead of falling. It is not a rational choice to continue to increase leverage. We should make the real estate market price return to the direction of value through regulation and control, so as to moderately reduce the debt burden and debt repayment pressure of residents and reduce the probability of financial risk.
Recently, an expert published a proposal that young couples can use "six wallets" (their parents, grandparents, grandparents, parents of their loved ones, grandparents, grandparents) to help pay down payment together. This speech about buying a house has attracted wide attention on the Internet. Although the expert's words have certain preconditions and think that if financial resources are not allowed, young people should consider renting a house, but there are still many people think that this speech poked at the pain of young people, which shows that young people just need to buy houses under great pressure.
Not long ago, a Research Institute released a report on China's deleveraging process in 2017. The report points out that in the past year, China's deleveraging and risk prevention and resolution achieved initial results, achieving overall and partial deleveraging. According to the report, in 2017, due to the rising leverage ratio of residents, the total leverage ratio of the whole year increased, but the risk of leverage ratio of the residential sector should not be overstated. Because 'the annual debt burden of residents is less than 10% of disposable income, residents' savings deposits are higher than their liabilities'. According to the report, calling on the residential sector to deleverage is considered to be grandiose.
People's actual feelings are different from the conclusions of the above report, which can be understood to some extent. As a research institution, there are different opinions from the perspective of research. Even as a basis for decision-making, we can still listen to both sides. But because of this, it is not sensationalism to call for a sound grasp of the leverage ratio of the residential sector, nor is it a rational choice to continue to increase leverage at present.