I have a friend who lives in Zhongshan. In 2021, he bought a house of more than 100 square meters in Zhongshan East District. The total price was nearly 1.5 million yuan at that time. He spent more than 600,000 yuan on the down payment, of which 200,000 to 300,000 yuan was borrowed. The monthly payment was about 5,000 yuan. The house was sold last week for more than 700,000 yuan.

After selling the house, I suddenly found that the money from the sale was not enough to pay off the remaining loan.

On the one hand, the down payment paid for the house in the past few years was lost in vain, and I borrowed 200,000 to 300,000 yuan. The principal owed to the bank has been paid for three or four years, and there is still more than 700,000 yuan. After selling the house, it is really not enough to pay off the bank's loan.

Just to satisfy my face, I bought a house, and finally made myself in debt, and owed the bank money. I paid the bank interest for several years in vain, and lost the cash for the down payment for the house. The house is gone. This is the price of borrowing money to buy a house for several years.

The house and the money are gone, and I am back to poverty and debt.

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