Core Insights - The phenomenon of "mortgage inversion" is gaining attention as property values decline, leading to situations where the market price of homes falls below the outstanding mortgage balance [1][2][5] - Banks are actively implementing relief measures to mitigate risks associated with mortgage inversion, including extending loan terms and reducing interest rates [7][8] Group 1: Mortgage Inversion - "Mortgage inversion" refers to a situation where the market value of a property is less than the remaining mortgage, causing financial strain for homeowners [1][2] - Homeowners like Xiao Zeng report significant declines in property values, with one property dropping from a loan amount of over 650 million yuan to a market value of only 360 million yuan [2][3] - The average price of second-hand homes in 100 cities fell by 0.84% month-on-month in October, indicating ongoing downward pressure on property prices [5] Group 2: Homeowner Experiences - Homeowners are facing challenges due to reduced income and high mortgage payments, leading some to consider selling their properties at a loss [2][3] - Chen Chen, another homeowner, expressed the difficulty of selling his property for 155 million yuan, which would still not cover his outstanding mortgage [3][4] - The market for second-hand homes has become increasingly difficult, with some properties taking up to two years to sell [3][5] Group 3: Bank Relief Measures - Banks are introducing various relief measures for homeowners at risk of default, such as extending loan terms and offering grace periods for payments [7][8] - Legal experts suggest that banks should provide options like lowering monthly payments or allowing interest-only payments to help clients manage their financial burdens [7][8] - The focus is on distinguishing between genuine financial difficulties and malicious defaults, with calls for stricter measures against the latter [6][7] Group 4: Policy and Market Outlook - Recent government policies aim to promote high-quality development in the real estate sector, addressing risks associated with transactions, property prices, and debt [9] - The real estate market is expected to stabilize as local governments implement supportive measures and adjust to market conditions [9]