Reported 12 months ago
According to experts, the interest on the New Qing'an loan of 40 years amounting to 5.5 million is indeed shocking, but inflation alone is multiple times more than the interest. Although some netizens find it alarming, others believe that the bigger concern is inflation, viewing it as an opportunity rather than just paying interest, with one suggesting selling the property at a higher price after 5 years. Overall, the 40-year loan term has become a hot topic online, with varying opinions on whether it is financially beneficial in the long run.
Source: YAHOO