Chapter 1053 Seems Like It Can't Be Sold Anymore

To put it bluntly, the so-called East Asian miracle actually originated from Japan. Japanese banks' direct loans to East Asia accounted for nearly 40% of the total loans.

This is already a very scary figure. In addition to these direct loans, there are also loans from European and American banks. If you count this amount, my God, it's hard to say how much, it's 60% iron.

Japanese banks will consider the affordability of the loan recipient. Even if they want to withdraw the loan, they must first ensure the safety of the loan recipient.

This is not how kind it is. Finding a stable and safe customer is really not an easy task.

However, international speculators don't think so. They have borrowed a lot of cheap yen. As the yen continues to depreciate, they don't need to do anything to benefit a lot.

So, now that there is trouble, how can it be possible to hold back.

"Twenty thousand Hong Kong paper, one, one foot? My God, what kind of broken house costs thirty thousand dollars per square meter?

Wait, Filson, have these ordinary residential buildings of ours been vacated? "

"No, there are about 25% more, but these are the real mansions.

Cough cough, but boss, those who can see the sea view of Victoria Harbor are only half windows. "

Hahaha, William White laughed, very happily. Filson knew from there that being able to see the water fits well with the Feng Shui theory of Xiangjiang people.

What happened to the half window, if it was the whole window, he dared to blow the thunderbolt invincible sea view room.

"So, Filson, it's difficult to ship goods now?"

"Yes, although the frenzy of buying is still going on, some foreign banks obviously can't stand it anymore.

Before, their loan ratio could reach 95%. Now, there is absolutely no such possibility. "

"Ninety-five percent? Are you kidding, what kind of mansion can you buy without money?"

"Because it's going to be more expensive, boss, the market has gone completely insane.

It's going to happen, worse than tulips in Holland. "

They are still struggling here, feeling that they have lost a little bit of money. Henry Keswick was already mad, well, more of a regret.

"Damn it, why don't you want to take away our privileges.

And that damn American guy, if you hadn't taken over, I might not have made the move either.

Hahaha, let's see how long you can go crazy. Housing prices have risen three or four times in just two or three years. How dare you say this is not a bubble?

You bastard, I fell to your death, you punk! "

In a dilapidated castle on the outskirts of London, Henry Keswick is hiding in a basement, swearing endlessly.

Although in his own home, he must also maintain a gentleman's demeanor. Besides, if this kind of words were heard by outsiders, they probably wouldn't help him curse.

There is nothing to say if you are willing to gamble and admit defeat. There is a risk of falling now, and it also existed in 1995. What if it crashed? Shouldn't you be complacent?

The so-called information channel determines insight, William White has been secretly shipping these years. Occasionally, I will buy them, but those are all luxury houses in the middle of the mountain, so the price doesn't matter at all. If you have money, you may not have the right opportunity.

It doesn't really matter if the rest of this part can't be sold. The fall is really hard now. If you look at it after 2008, everything will come back, and you can still make a lot of money.

Yes, at the worst time, property prices in Xiangjiang lost 70% of their value. But so what? Those who have loans will rush to the street, and those who have loans will burn charcoal.

As for him William White?

It's good to open an intermediary company, and all these properties are rented out. Don't look at the collapse of property prices in Xiangjiang, which fell by up to 70%, but the price of rent did not fall that much.

If you don’t buy it today, it will definitely be more expensive tomorrow.

Not to mention now, even after twenty years, this sentence may not be wrong.

There are always similarities in history, but their processes are not the same.

In 1633, the price of a tulip bulb rose from tens of guilders to more than 10,000. You have to know that the currency at that time was hard currency, and fifty guilders was roughly equivalent to one ounce of gold.

A dozen catties of gold, in exchange for a bouquet.

My God, if it dies, the gardener should take it to fill the grave.

crazy?

Every economic crisis, before it happens, the situation is actually similar. It won't take many years for humans to actively avoid painful memories.

The collapse in 1997 was not limited to property prices in Xiangjiang. The magic capital also fell miserably.

30% off?

About the same, around 1999, Xinjiapo Meishu Restaurant opened for more than 30,000 yuan, and the final price was about 5,000 yuan.

What, it will cost 100,000 later.

Cough cough, there is no place for reasoning. When human beings face temptation, there is always no way to avoid being fooled.

By the way, there is also a kind of idiot called Brick House. They said in 1999 that the current housing prices still have a lot of room to fall. They said in 2004 that the housing bubble was terrible, comparable to Dutch tulips.

Finally, in 20 years, they tell you that if it is for self-occupation, you can buy it.

I want to say, your uncle!

When you were still ignorant and ignorant, the brick family took you into the ditch. Wash you out of stupidity directly, and then completely destroy your three views.

Japan's bubble economy is often mentioned. The Internet bubble in the United States is also a cliché.

So, how many people still remember the Xiangjiang property market in 1997?

Hundreds of thousands of negative equity troops, think about it, what is this concept?

Of course, I found a way to only rise but not fall.

That is to control the land. Anyway, the market demand is one hundred houses, and I will sell five houses.

I have to say that the person who can come up with this policy is really awesome. If the property market really crashes one day, it won't be too tragic.

The reason is very simple, only developers will engage in any jumping prices. Only banks will engage in zero-reserve auctions.

What? Real estate speculators?

Selling at a low price is also a blood loss, and holding it to the bank is also a blood loss. Is there any difference between the two? Since there is no difference, why should I sell?

Well, this situation has never happened in human history. Anyway, if inflation goes faster, housing prices will not be so outrageous.

Speaking of side effects, do you still see small business deals?

Even in the suburbs of Shanghai, a shop with an area of ​​50 square meters would cost more than 20,000 yuan. As soon as you open your eyes, you will lose 700 yuan, plus various miscellaneous labor costs, 1,000 yuan a day is the cost.

Of course, if it is Xiangjiang, a zero needs to be added after this number. In the end, the selling price is rising, but the profit of the boss is shrinking. If things go on like this, who still has the mind to engage in small business.

In 1997, Xiangjiang won the crown of the world's most expensive property price, can you believe it?

Haha, anyway, Henry Keswick didn't believe it, so he could only hide in the basement and curse in circles.

So, is the foot basin model better, or Xiangjiang's model is better. There is no way to say here, and William White has no such obligation, anyway, he will not invest in real estate in the foot basin.

Let's put it this way, in the development of Xiangjiang, any industry is so-so, unless it is a real estate-related industry.

As for the foot basin, there is more room for development. Of course, life is actually very hard. If it were not for this, there would not be so many otaku gnawing on the old.

Well, it's the same everywhere you say. It doesn't matter whether your housing prices have crashed or not, the end result is always different.

Also, it seems that the guy who turned real estate into a pillar industry is the culprit.

However, when people drive the economy to bring wealth, everyone seems to be the beneficiary.