In first-tier cities, is it better to buy a house or rent a house?

First of all, the background is in first-tier cities, that is, the four major first-tier cities in Beijing, Shanghai, Guangzhou and Shenzhen. The housing prices in these cities are among the best in the country, and the increase and growth rate were also among the best. At present, the policies are received Adjustment, growth rate has slowed down, and the growth rate has narrowed, but the real estate in these cities is still the most valuable in maintaining and increasing value. I have never heard of anyone regretting buying a house in a first-tier city, and I have never heard of anyone who has made a loss buying a house in a first-tier city.

So, from the perspective of investment value preservation and appreciation, first-tier cities have strong population attraction across the country. A large number of people continue to pour in, and the demand for housing is also increasing. There is huge room for appreciation, and the value preservation is even better. There is no doubt about it. If you are qualified to buy a house in a first-tier city and you have enough funds, then go ahead and buy it. There is no need to hesitate.

Secondly, from a simple living perspective, renting a house in first-tier cities is actually not expensive. This low price is relative to housing prices. The four major first-tier cities are all ranked in the camp with the lowest return rate, which is related to the fact that housing prices are too high relative to rents. Among the four cities, Beijing has the lowest rental return rate, only 1.37%.

From this point of view, with a monthly rent of 5,000 thousand and a house worth 60,000 a year, you can live in a house worth 6-7 million. Assuming that you rent it for 20 years, it is only 1.2 million, which is not enough to buy. Of course, the down payment for this house is simply calculated here, ignoring the increase in rent, but that's about it.