200万套断供房背后：房贷该取消吗？政策已给减压答案

Core Viewpoint - The article discusses the rising issue of mortgage defaults in China, highlighting that over 2 million homes are in default, raising questions about the feasibility of canceling mortgages as a solution to alleviate financial pressure on homeowners [1][3]. Group 1: Mortgage Default Data - As of June 2025, over 2 million properties have been reclaimed by banks due to mortgage defaults, with more than 300,000 new defaults recorded in the first half of 2025, representing a 40% year-on-year increase [3]. - The default rate varies significantly by region, with approximately 38% of mortgage-holding families in third and fourth-tier cities classified as "negative equity," while first-tier cities maintain a default rate around 1.5% [3]. Group 2: Financial Pressure on Homeowners - Mortgage payments constitute 75.9% of total household debt in China, with urban residents' debt-to-income ratio slightly exceeding that of the United States [3]. - In major cities like Shenzhen and Beijing, the mortgage-to-income ratio often exceeds 60%, with some areas surpassing 100%, indicating that many families rely on parental support to meet their mortgage obligations [3]. Group 3: Feasibility of Canceling Mortgages - The notion of canceling mortgages is deemed unrealistic as it would disrupt the financial system, given that personal housing loans amount to 37.74 trillion yuan [4]. - Eliminating mortgages would necessitate full cash purchases for homes, which is financially unfeasible for most families, as housing constitutes nearly 70% of their total assets [4]. Group 4: Government Measures - The government has implemented various policies to alleviate mortgage pressure, including reducing the minimum down payment for first-time homebuyers to 15% and lowering interest rates on housing loans [5]. - A 1% interest subsidy policy set to launch at the end of 2025 is expected to save homeowners significant amounts on their monthly payments, with options for repayment extensions available for those in financial distress [5]. Group 5: Future Policy Directions - There is a need for targeted support for low-income families and third and fourth-tier cities, alongside stricter controls on high-leverage speculative buying, to ensure housing remains a means of living rather than a financial burden [6].