Pyramid: The first priority for the middle-aged is not to invest, but to reduce leverage, repay mortgages, and keep cash flow

On 31 August, according to the Phoenix Bank, economists gave clear priority to the distribution of household assets for middle-aged groups: The first step for this segment of the population is not to invest, but to reduce leverage, repay mortgages and keep cash. There is no need to rush into all types of asset allocation programmes. Investment is not the first priority at this time. Priority is given to repaying mortgages, keeping jobs and ensuring the safety of family cash flows. Turning to the current logic of real estate market and home-purchase decisions, the platinum clearly distinguishes between a completely different set of decision-making frameworks for first-time residence and real estate investment. In the case of those who had just to buy a house, he stated that the primary attribute of having to buy a house was residence, and that the question was not whether it could be appreciated. He stated that in the past, the real estate sector had benefited from the growth dividend of urbanization and population growth, and that it belonged to the “enhanced circle” era, with the logic of buying houses spreading from the main city to the periphery and from the first line to the third and fourth line cities. The core drivers of population and urbanization have now come to an end, and the city has officially entered the “circle age”。