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if you want to drink milk, the cow cannot die.

today, the director read an article in the economic observer titled "the cold treatment of defaulting on mortgage payments", which is very interesting and epoch-making. the general meaning is:

now that defaults on payments are increasing, banks are getting scared and their attitude towards borrowers has changed.

the bank will classify the borrowers according to the difficulties they face, their repayment ability and willingness to repay. when the owner's mortgage is overdue for the first time, the branch responsible for issuing the loan will contact the owner as soon as possible to understand the reasons for the default and the difficulties the owner faces.

how to help? three ways:

1. suspend loan repayments, 2. pay interest only, 3. actively help owners find jobs.

the director saw a netizen's revelation that he had stopped paying his mortgage for five months, and the bank found him a job as a waiter in a restaurant, with a monthly salary of 3,600 yuan and a mortgage of 2,100 yuan.

the bank's message is very clear: the economy is bad, it's okay to pay back later. pay a little every month during this period, and i won't put you on the credit report. don't give up and stop paying. we are all good friends.

those who default on their mortgage payments have become the bosses, which was simply unimaginable in the past.

the director still remembers the story of mr. wang from yanjiao who defaulted on his mortgage three years ago, which scared the homeowners across the country.

mr. wang bought a house for a total price of 4.3 million in 2017, with a down payment of 1.3 million and a loan of 3 million. he paid 17,000 a month for 30 years. unexpectedly, in less than two years, the house price shrank to 2 million, and it was meaningless to continue paying the mortgage, so he chose to stop paying.

he thought the bank would just take the house and use it as collateral for the debt, but he didn't expect that the bank would sue him. the court ruled that he must not only pay off the remaining loan of 2 million, but also pay an additional 120,000 in attorney fees and litigation costs.

the total amount of miscellaneous funds increased to another 4 million, and there is also the risk of being listed as a dishonest person.

although everyone is scolding the banks for being too detrimental, no one dares to stop paying their mortgages easily because the cost of being listed as a dishonest person is too high.

three years later, the bank changed its previous attitude, and the grandson of the person who had defaulted on his mortgage for many years finally became a grandfather.

is this because the banks are kind? yes and no.

the essence is that the situation has changed.

for banks,

in the past, houses could be used as assets with increased value, but now they are hot potatoes. not only are they depreciating day by day, but it is also difficult for banks to find people to take over the houses once they take them back, so they will end up rotting in their hands.

the mortgage is long-term and rigid. the biggest benefit of the bank is to coax the owner to continue to pay back the money, slowly, and even find a job for you to pay back if you don't have a job.

for the owners,

home loans used to be the cheapest money that ordinary people could borrow, but now paying off the loan early is the most profitable financial management option for homeowners.

therefore, those who have money can repay their loans in advance, while those who don’t have money can only stop paying.

at present, banks can only attract those who do not want to stop paying their mortgages, asking them to suspend loan repayments and just pay some interest. banks will also actively help unemployed owners find jobs.

maybe there will be even bigger discounts in the future, which also shows that these owners who want to stop paying their mortgages have finally achieved their goal.

the so-called united front value is this basic formula:

expected benefits of united front = expected benefits from you as a friend - expected cost of making you a friend.

we all say that honest people don’t have a good life because they have no united front values.

many ordinary people are not stupid. they know that the value of united front work is achieved through constant bargaining. giving up the bargaining means giving up everything.