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According to the official website of the Housing and Urban-Rural Development Bureau of Nanning City, Guangxi, in response to the issue of "0 down payment for first home" in the "Suggestions on Stimulating Liquidity in the Real Estate Market in Nanning City" by the city's people's congress representatives, the Municipal Housing and Urban-Rural Development Bureau stated that buying a home with 0 down payment has many risks and uncertainties and is not a sustainable way of buying a home.

Nanning Housing and Urban-Rural Development Bureau said that in recent years, regulatory authorities in many places have warned people to be wary of the risks of buying a house with zero down payment. The specific risks include:

First, it increases the repayment pressure on homebuyers. For homebuyers, 0 down payment means that no down payment is required in the early stage of homebuying. Although the pressure in the early stage of homebuying is reduced, it may actually make homebuyers bear higher loan amounts, thereby increasing the monthly payment burden. In the long run, it may cause homebuyers to fall into financial difficulties and find it difficult to maintain stable repayment ability. At the same time, due to market instability, the value of homebuyers' assets may shrink while the loan balance remains unchanged, thereby increasing the financial pressure on homebuyers.

Second, there are financial risks. For banks and other financial institutions, buying a house with zero down payment increases the risk of loan default. Since buyers do not invest their own funds, once they encounter financial difficulties or house prices fall, they may be more likely to choose to give up repayment, causing the bank's non-performing loan rate to rise, thereby triggering systemic financial risks and even the subprime mortgage crisis.

Third, there may be legal risks. Buying a house with 0 down payment may lead to illegal fundraising, fraud and other illegal activities, causing the buyer to suffer financial losses. In addition, in actual operation, buying a house with 0 down payment may have various additional conditions or extra fees, which will actually increase the financial burden on the buyer.

The Nanning Housing and Urban-Rural Development Bureau stated that the city will continue to study and optimize relevant policies for housing down payments based on comprehensive considerations such as market changes, market situation analysis, implementation effect evaluation, and financial risk prevention, and will introduce optimization policies in a timely manner while ensuring the stable and healthy development of the real estate and financial markets.

In addition, in response to the representative's question of "reducing the development of affordable housing", the Nanning Housing and Urban-Rural Development Bureau replied that in recent years, the real estate market in Nanning has developed rapidly, and the housing conditions of urban residents have been greatly improved. Although the overall supply and demand of housing has basically achieved a balance, there are still some people in need who find it difficult to meet their basic housing needs or achieve housing improvements through market means. Therefore, with the development of the economy and society and the people's increasing demands for a better life, it is of great significance to promote the construction and supply of affordable housing.

First, vigorously developing affordable housing is based on the fundamental purpose of people's well-being. Only by meeting people's expectations for a better life can we fully stimulate people's enthusiasm, enthusiasm and initiative. While reducing the burden and mental pressure of the poor and promoting the settlement and work of migrant population, it can also increase the attractiveness of the city, thereby expanding investment, increasing employment, stimulating consumption, and promoting the improvement of the internal circulation, giving new impetus to economic and social development.

Second, the supply of affordable housing construction can promote the transformation of the real estate development model. The construction of allotment-type affordable housing is accelerated, and the supply of rental-type affordable housing is increased, which will form a complementary and benign interaction with the commodity housing market, promote the development of commodity housing, and be more based on commodity attributes and return to the original intention of meeting the residential needs of residents. At the same time, it also requires real estate companies to be more attentive to the standards of high quality, new technology and good service, and to build good houses that the people really need, so that they can have a foothold in the future. Affordable housing is a people-oriented project and a conscience project. It takes the lead in improving the construction of a full life cycle management mechanism for housing from development to use, which can guide the entire real estate industry to establish a long-term development mechanism and guide the entire real estate industry to transform to high-quality development.

The reply stated that, at present, the construction of affordable housing in Nanning is still relatively lagging behind, accounting for a relatively low proportion in housing supply and failing to meet demand. Therefore, planning and building affordable housing and increasing the construction and supply of affordable housing are important measures to improve the city's housing system and supply system and reconstruct the relationship between the market and security. It is both a move that benefits the people and a plan for development. It is an important foundation for accelerating the construction of a new model of real estate development and promoting the transformation of the development model of real estate enterprises. It is also an important part of resolving real estate risks and improving the long-term mechanism for preventing real estate risks.