The first time I bought a house was in 2004, with a purchase price of 305,000 yuan and a loan of 220,000 yuan. After 18 years of loan, the interest rate was 15%. In 2009, the interest rate was adjusted to 30%, and it was settled in advance in December 2018. In 2004, my sister planned to buy a house and go to see the house. I think it&;s time for me to buy a house, too. Yes, the house price was cheap then, so buying a house was such a simple reason, because the pressure of buying a house was not great, and you could buy a house for tens of thousands of yuan. At first, I planned to buy a house with my sister and a big house, and my family lived together. At that time, I saw a set of first-hand building in the second phase of Baihui Garden in Xiadu Road, 120 square meters, a rough house, about 5,000 yuan a square meter, elevator roof and 15th floor, which were reserved by the developer. Actually, I was interested in buying it. It was in April 2004, and we asked if we could get a discount. My little brother in the sales department said no, but he gave us a hint that May Day would be in a few days, and there might be a discount during May Day. We went to continue to look at the house, and as a result, we took a fancy to a house, the first-line river view of Pearl River Plaza. This community is more magnificent and slightly more expensive, so we decided to give up the first one and buy this house. At this time, the younger brother of the first set returned it to us, saying that the developer agreed to our price. I answered it at that time, saying that you were late and we were going to buy another house. But I forgot why I didn&;t buy the second set. I remember that I had a conversation with the agent when I looked at the second set, which was very impressive. I asked, you keep saying that house prices will definitely go up, so will you buy a house? ! The intermediary was silent for a while, looked at the distance and said, in fact, I dare not buy it, and I don&;t know if the house price will rise! Please note that this was in 2004, and the housing price in Guangzhou did not start. Even from 1997, the housing price in Guangzhou dropped slightly, until 2003, when the house price stabilized during the SARS in 2004, so when I bought a house, it was actually the lowest price. Later, my sister and I were separated from each other. She went to the suburbs, but I still looked at the city. Because my girlfriend was a student at CUHK, I still took a fancy to the houses around. I took a fancy to the third house, the elevator room, with an area of more than 60 square meters, which belongs to the subway roof, with a price of 230,000 yuan. I thought it was worth it, so I paid the intermediary 5,000 yuan in good faith to ask the owner to come and sign the contract (I didn&;t negotiate the price, but I accepted the offer directly), but strangely enough, the intermediary who had given it to me every day stopped giving it to me, but I urged him to sign the contract with the owner quickly. Over the past week, the intermediary told me that the owner would not sell it (later, I asked other intermediaries whether the house was for sale, and other intermediaries told me that it was sold for 240,000 yuan, which was difficult to distinguish between true and false), and there was nothing I could do. The intermediary returned 5,000 yuan of sincerity money to me. This incident makes me disappointed with the intermediary. I think maybe the intermediary or the owner regards me as a spare tire. If someone sells it at a higher price, it will be sold to other buyers. If no one buys it, then I must buy it, because I have paid the earnest money, and if I don&;t buy it, it may be confiscated. When you continue to look at the house, read it in Guangzhou Daily.When I arrived at a house, it was written on Xingang West Road, which was built on the subway, with an area of 100 square meters and 320,000 yuan (I have a good memory, I actually remember the advertising words 15 years ago). I asked the agent. Do you know this house? Two days later, the agent told me that I had found the owner. I asked the agent if I could give some concessions, such as 300,000 yuan. The agent talked about the price and said that the owner gave in, so he asked the owner to meet. Finally, the owner asked for 305,000 yuan, and I said 300,000 yuan, but the owner refused to give in, and I accepted it. This was the end of 2004. At that time, I also asked the owner if it was possible to install elevators. The owner said it was impossible, because some owners had installed elevators and had been unable to install elevators for several years. The owner also said that if they installed elevators, you could sell me the house. It is said that the elevator was finally installed in this house in 2017, and I paid 85,000 installation fees, which is not easy. Later, I learned that the building area of this house is 100.45 square meters, the interior area is 89 square meters, the staircase building is on the 7th floor, and there is convection between the north and the south. It takes about 3 minutes to walk from the house to the subway station, so the transportation is very convenient, and the agency fee is 3%. The first time I bought a house, I didn&;t understand the degree at all, so I didn&;t consider the degree at all. Later, I found that the degree of this house was not so good. In those days, there was no rich network to learn from, and now buying a house is much more transparent. When I applied for a loan, the bank asked a few questions, but I didn&;t know what a provident fund was at that time, so I applied for a pure business and didn&;t know what the interest rate was (later I figured it was 15% off). The building is 12 years old, so you can only apply for 18 years (the policy at that time was that the building age plus the loan period could not exceed 30 years). The estimated value is more than 330,000, so you can apply for 220,000. Considering the rising interest rate at that time, I chose average capital, so as to take advantage of the low interest rate and get more. Looking back, it seems that I didn&;t go to the real estate transaction registration center. Maybe it was popular to entrust an intermediary to handle related business at that time (so it was easy to eat the difference at that time), but I didn&;t entrust it either. It is estimated that the intermediary made me sign a lot of information and authorized the intermediary in a muddle. Then, on May 7, 2005, the loan was released. I remember that after the loan was released, the central bank announced that it had raised the interest rate. The bank actually took back the loan and re-released the loan. In this way, I implemented the new interest rate. So far, I still don&;t understand what this operation is. Shame! In 2009, the bank took the initiative to adjust the total interest rate of the existing mortgage to 30%, saving more than 100 yuan in interest every month, which was quite happy. In December 2018, I still owed more than 60,000 yuan in principal. I settled all the loans, and then applied to the bank for an operating loan. The bank lent me 2.5 million yuan. According to this analysis, the current value of my house is about 3.58 million yuan, but this evaluation is the systematic evaluation value of the bank, which is more conservative. If you look for the market, it may be 4 million yuan. Well, roughly speaking, the house that cost 305,000 yuan in 2004 became about 4 million yuan in 2018, which took 14 years and appreciated about 13 times. If you simply look at the evaluation value, it has appreciated by more than 10 times.