Core Viewpoint - The article discusses the persistent enthusiasm for home buying in China despite high property prices, highlighting the dilemma between paying in full or opting for long-term loans, with over 90% of families choosing the latter due to various reasons [1][3]. Group 1: Reasons for Choosing Loans - High property prices make full payment burdensome, leading families to prefer spreading payments over 30 years to ease financial pressure [3]. - Some individuals believe that investing the funds instead of making a full payment could yield higher returns, which they could use to pay off the mortgage, although this approach carries significant risks [5]. - Many view mortgage loans as a financial opportunity, even if they can afford to pay in full, believing that leveraging loans can enhance potential returns during property price increases [7]. Group 2: Advantages of Full Payment - Paying in full can lead to discounts from developers or sellers, such as a 10% reduction, which can save substantial amounts for future renovations [8]. - Full payment means no debt, providing a sense of financial freedom that those with mortgages do not experience [8]. - Although long-term loans may seem advantageous, the total interest paid over time can equal the price of another property, making full payment a cost-saving option [8]. Group 3: Market Considerations - The decision between full payment and loans hinges on the current property price cycle; leveraging loans can maximize returns in a rising market, while high leverage in a declining market can exacerbate losses [8].