Core Viewpoint - The phenomenon of mortgage inversion is affecting high-leverage homebuyers, leading to a situation where selling their properties results in new debts due to insufficient sale proceeds to cover existing loans [1][2]. Group 1: Mortgage Inversion Impact - Many homebuyers who purchased at high prices are now facing mortgage inversion as property values decline, forcing them to bear the risks associated with high leverage [2][4]. - The current mortgage system places the entire risk on homebuyers while banks benefit from stable interest income, creating an imbalance in risk distribution [4][7]. Group 2: Proposed Solutions - Experts suggest transitioning from a "recourse" to a "non-recourse" mortgage system, allowing borrowers to surrender properties without further debt obligations when values drop significantly [4][5]. - A mixed recourse model is proposed, where borrowers would only cover part of the shortfall when property values fall below loan balances, alleviating pressure on homebuyers while providing banks with risk buffers [9]. Group 3: Financial System Considerations - The implementation of a non-recourse system faces challenges, as it may lead to strategic defaults where borrowers choose to stop payments despite having the ability to pay, increasing financial risks [5][8]. - The current risk distribution heavily favors banks, allowing them to profit regardless of market fluctuations, which diminishes their incentive to conduct thorough risk assessments on loan projects [8][9]. Group 4: Conclusion - A balanced risk-sharing mechanism is essential for the healthy development of the real estate market, ensuring that banks share responsibilities commensurate with their earnings [9][10].