Core Viewpoint - The article discusses the challenges and considerations surrounding the investment in 40-year leasehold apartments, highlighting their appeal to young people and investors, while also addressing the associated risks and drawbacks [1][3][16]. Group 1: Property Characteristics - 40-year leasehold apartments are perceived as less favorable compared to 70-year residential properties due to ownership duration [1]. - These apartments often have higher utility costs due to commercial water and electricity rates, which can significantly increase living expenses over time [1]. - Many apartments lack essential kitchen facilities, such as gas lines and exhaust systems, which detracts from their appeal for quality living [1]. Group 2: Target Demographics - The primary residents of these apartments are typically young individuals or those seeking rental investments [3]. - The flexible layout of these apartments allows for various modifications, making them suitable for small businesses or studios, but this also complicates safety management [3]. Group 3: Investment Considerations - Investors must carefully consider their motivations for purchasing these apartments, whether for personal residence or as an investment, as this will influence their decision-making process [3]. - The liquidity of these properties is often lower than that of standard residential homes due to factors like ownership structure and tax implications, leading to concerns about future resale [3][16]. - The article reflects on a specific case where a young professional contemplates purchasing a 300,000 yuan apartment as a transitional living space, illustrating the indecision many face regarding housing options [3]. Group 4: Market Dynamics - The current high property prices make 40-year leasehold apartments an attractive option for young buyers seeking affordable housing solutions [16]. - However, concerns about property value retention and liquidity persist, as potential buyers weigh the risks against the benefits of lower entry costs [16]. - The article emphasizes the importance of understanding personal needs and market conditions when making property investment decisions, suggesting that clarity in one's objectives can help mitigate uncertainties [27].

耶鲁之后，哈佛也扛不住了？"新次贷"大雷正在慢慢露出水面。 根据媒体报道， 掌管着高达530亿美元资产的哈佛捐赠基金管理公司正在与杰富瑞合作，计划将其价值约10亿美元的私募股权基金投资组合出售给Lexington Partners。 据知情人士向媒体透露，谈判已进入后期阶段，但交易条款尚未最终敲定，仍存变数。 Lexington Partners作为Franklin Resources Inc.旗下的子公司，是二级市场交易领域最大的参与者之一，去年刚完成了一支创纪录的227亿美元二级市场基金 募集。该人士还提到，Lexington最终可能会引入其他合作伙伴共同完成此次收购。 此前， 有消息称 耶鲁大学也正寻求大规模出售其私募股权投资组合，交易规模可能高达60亿美元，这凸显了大型机构投资者（LPs）普遍面临的流动性困境。 流动性困境：私募股权回报放缓与巨额未缴承诺 哈佛大学此番出售行动，折射出当前私募股权市场面临的严峻现实。 | | | As of June 30, 2024 | | As of June 30, 2023 | | | | --- | --- | --- | --- | --- | --- | ...