Core Viewpoint - The article suggests adapting the "Three Suspensions" policy from the late 1990s to address the current personal mortgage crisis, emphasizing the need for measures to protect residents' housing, reduce debt burdens, and safeguard credit ratings, alongside supportive initiatives like a financial stability fund and employment assistance [1][2][3]. Historical Context - The "Three Suspensions" policy was a systematic approach to protect enterprises during a crisis, focusing on debt protection, asset protection, and personnel protection, which allowed companies to restructure and survive [3][4][5]. Current Challenges - The personal mortgage crisis has escalated into a systemic issue, with over 600,000 properties auctioned in 2023, primarily affecting individual homeowners, leading to a cycle of loss and debt [2][6]. - 45% of families facing mortgage defaults cite job loss as the primary reason, while 60% have savings below 50,000 yuan, indicating a lack of financial resilience [2][6][7]. Proposed Solutions - The article advocates for a differentiated auction suspension mechanism to protect essential housing for families in distress, allowing for a grace period before forced sales [8]. - It also recommends a temporary freeze on loan interest for families experiencing sudden financial hardships, along with interest rate reductions for those transitioning to new employment sectors [9]. - A differentiated credit protection mechanism is proposed to prevent negative credit impacts for families affected by systemic issues rather than personal failures [9]. Supportive Framework - A collaborative support system is suggested, including the establishment of a financial stability fund to provide emergency loans and rental subsidies for affected families [10]. - Employment assistance programs are recommended to help unemployed individuals regain financial stability through targeted training and incentives for businesses to hire affected workers [11]. - The plan includes increasing the supply of affordable housing to ensure that families who lose their homes have access to secure living conditions [12].