Chapter 1064 The First Year of Negative Equity

In terms of investment style, Buffett is indeed very similar to William White. In other words, an unscrupulous traveler plagiarized in front of the great god.

Well, let's not talk about that. People like Buffett and William White don't care much about short-term gains.

It is true to say so, but this kind of people has a characteristic, what they hate the most is that the situation is out of control.

Nima, I'm making money well, I didn't recruit you, I didn't provoke you, you suddenly came over and turned the table, your uncle, you think I don't exist, right?

Faced with Buffett's complaints, Greenspan didn't know what to say. Destruction is fun, can you really make a lot of money?

William White's current behavior is very strange, including Soros, a group of big shots have their eyes wide open. Fuck, don't dare to make any mistakes, if you are ruthless by this guy, then you really don't have to mess around.

"Alan, William White has a lot of properties in Xiangjiang. Soros came here suddenly, hehe, it's reasonable for anything to happen."

"Hehe, so speaking of it, will you use conventional means?"

"I don't know, don't ask me. By the way, Soros didn't use any conventional means?

Could it be that using the IMF as a trick is also a routine method? "

"Damn, this guy's influence."

"Hahaha, hahaha, I hope it's just a guess. This time, the IMF is always doomed."

Greenspan had a big head at the beginning, and the IMF's magical operation was naturally behind the Fed. Then, in this way, there will definitely not be any good results.

Greenspan's concern is actually a high probability event. It's not that Smecta is angry, anyway, they are often angry. It is Southeast Asia, which will never recover within three to five years.

If someone came out and said, this is man-made...

Well, if the person who said it is insignificant, they can also sneer, do you understand, we are the bricks.

However, William White was different. This person is not as simple as being rich, his reputation is also good. So many years of philanthropy, you really think it's for nothing.

"Alan, it's a bit too much. The market value of tens of billions of dollars has evaporated. And the property market, my God, how many middle-class people will become bankrupt and settle down?"

Greenspan couldn't answer Buffett's question, or he didn't care at all. It is their tacit understanding with John Bull to make trouble for the big rabbit, which is also politically correct.

However, there is one thing that these two goods are estimated to be wrong. The situation in Xiangjiang is different from that in the United States. The middle class has become a negative asset, but it has not become a broken household.

With the subprime mortgage crisis in the United States, many home buyers chose to run away. The house I bought for 8 million is now only 5 million, and the ghost will continue to repay the loan, so let's do whatever you want.

In 1997, if you bought a 100-square-meter house in Tsuen Wan, you also needed 8 million Hong Kong papers. In 2003, the property price fell directly to more than 2 million yuan.

In fact, there are still a considerable number of people who have not given up on loan repayments.

Well, this special insistence is really puzzling. Your down payment is only 10%, and it has fallen by 70%. You have not yet cut off the payment. What kind of persistence is this.

For personal credit bankruptcy, Xiangjiang and Miguo have completely different attitudes.

In this way, the bank seems to have a chance to breathe. As long as these people repay the loan, these are not bad debts, but high-risk loans at most.

Of course, a huge group of negative equity has also been produced. In a city of more than seven million people, based on an average of three people, that is more than two million households.

How many households have negative equity?

More than one hundred thousand!

To a large extent, it has become a consensus that house prices can rise or fall.

Think about it, is there any low-level people who can persist in this situation?

No, there won’t be any. For an 8 million house, with a 10% down payment, you have to be able to take out 800,000. As for the monthly payment, at least tens of thousands of yuan.

If the monthly income is less than 50,000 yuan, don’t worry about buying it, and you can’t afford half of the down payment.

The house price is very high, you should put more land. After 19 years, let alone a hundred square meters, they even built a house of more than ten square meters.

Apart from a bed, it's really hard for me to imagine what else can be put in this ten-square-meter house. Possibly, maybe even a toilet must be carefully designed.

Is land really that scarce?

Don't joke, how many people are there in Tokyo, how many people are there in you, how could it be more outrageous than Japan.

"Everyone said don't buy a house, your sister is really true. You don't have a loan to speculate in uncompleted properties?"

Faced with the inquiry from Jiaxin's little beauty, William White was powerless to complain. Good words can't persuade the damned ghosts, I've told you all, and I accept it when I see it, why don't you listen?

"Honey, tell me, when will this turmoil subside?"

"Hey, stop shaking, I'm dizzy. If it's Kowloon, it's better. If it's Tsuen Wan and Tsing Yi, hurry up and ship the goods. It won't recover in three to five years."

Jiaxin's little beauty's complexion changed drastically, she was really panicked.

Seeing her expression, William White couldn't help feeling a little distressed. Well, although he is not short of money, he will not throw money all over the street for fun.

However, you don't seem to be short of that money, do you?

"Honey, you don't seem to be short of money, do you? Subsidize your natal family, did I tell you it's not possible?"

"No, the money is for my retirement."

There are some black lines on William White's face, I don't seem to be that stingy.

"Honey, don't you read the accounts of those trust companies?

Okay, ignore them, I'm going to have a soak, and you can help me rub my back. "

"Hmph, it's Suzuki today, I'll call first."

William White shook his head and smiled bitterly. It seemed that the other party was also a little anxious, otherwise, at this point, it seemed that it was not appropriate to make a phone call.

William White may not care about the small investment made by the women in the family. With the loss of his own account, he couldn't continue to calm down.

What, just book wealth.

Heck, that's not how it works. People who do business are playing with bank money. Your collateral has shrunk so much, if you are not prepared, you are ready for their counterattack.

At this time, it is impossible to force those negative assets. If you force too hard, the elite will not be able to hold on. Not only can't be forced, but the interest rate should be reduced appropriately.

Nonsense, I have never seen a bank that provides timely assistance.

You are mistaken, the banks are not helping themselves, they are helping themselves. The stock plummets, as long as there is no limit, you can always sell it. The real estate is different. Once the general trend is formed, the market price will be 20% off. If it can be sold, it is actually not bad.

"It's terrible. Could it be that the scene in Japan will also be staged in Xiangjiang?"

"Ahem, Suzuki, don't you, you also speculate in real estate?"

Suzuki gave this guy a blank look, and continued to rub his back. Not to mention, the level is quite professional. Well, some special parts have some reactions after washing.

"I don't know how to invest in real estate. It's just messing around. To make money, you still need real estate.

This kind of unearned money, like the lottery ticket, is just a legend. "

William White shook his head. This is true. The memory of the Japanese is obviously better than that of the Xiangjiang people. In the early 1980s, the real estate market in Xiangjiang collapsed once, and it has only been more than ten years. Have you forgotten it?

Alas, these two women need to find something for them. It's not easy to be a charter wife, and it's easy to be fooled by others.