从贷款买房到贷款卖房？部分高位购房者陷“房贷倒挂” 寻求补缺口

Core Insights - The article highlights the financial distress faced by homeowners who purchased properties at high leverage during the peak of the real estate market in 2021, now struggling with negative equity as property values decline [1][4][5] Group 1: Market Conditions - Homeowners like Zheng Hao are experiencing a situation where the market value of their properties has dropped significantly, leading to scenarios where selling their homes does not cover existing bank loans, resulting in additional debt [1][2] - The real estate market has seen increased volatility since 2023, with many homeowners facing unstable incomes and rising monthly mortgage pressures due to falling property prices [2][3] Group 2: Borrower Strategies - Homeowners are exploring various strategies to manage their financial shortfalls, including borrowing from friends or seeking bridge loans, although these options come with high costs and risks [4][5] - Some homeowners are considering applying for loan repayment pauses, but face strict approval processes and uncertainty [5][6] Group 3: Industry Response - Real estate agents report a noticeable increase in cases where homeowners cannot sell their properties for enough to repay their loans, particularly among those who entered the market during the high point of 2021 [4][5] - Experts suggest that the current situation reflects the need for improved market risk-sharing mechanisms to protect both homeowners and the financial system [1][7] Group 4: Regulatory Considerations - Discussions are ongoing regarding the potential for regulatory changes, such as the introduction of non-recourse loans, which could alleviate some of the financial burdens on homeowners [7][8] - However, there are concerns that such changes could increase risks for banks, necessitating careful consideration of any new policies [8]