Chapter 1201 When the Real Estate Is Motionless
"Invest in the Magic Farm project? Ahem, Fujita, I plan to call it Happy Farm.
But this is not important. Sumitomo Bank is having a headache. Filson told me that the Japanese consortium is withdrawing its capital on a large scale. "
Fujita really couldn't say anything about his boss's complaints. Although he is Japanese, due to his long stay in the United States, it has been difficult for him to understand his compatriots.
When it comes to Japanese investment abroad, if you must say it is successful. Apart from the money invested in the White family, there really are no success stories.
So, William White wanted to raise money. The person who most wanted to lend money to this guy was the Japanese.
Ahem, what did you say? This guy often picks up Japan's wool. Aren't those financial groups definitely resentful?
Well, this is a weird place. The harder you deal with him, the more respect he will have for you. It will be a disaster if you show your cowardly and incompetent side.
It is their tradition that the strong bully the weak. The superiors bully their subordinates, and the seniors bully the juniors. This is simply the norm in Japan. If you watch Japanese dramas, you will find that most people actually disagree.
If this were happening in other countries, the producers would probably vomit blood. How can I let you play something with such erroneous views?
"Boss, your credit in Japan is very strong. However, they don't agree with you using a building in Tokyo as collateral.
If possible, they are willing to buy shares, or you can use the Happy Farm project to finance it. "
“Ahem, cough, cough, this is, don’t they know that this project is extremely risky.
If you make it clear to them, there is a high possibility that there will be no profit within three years. "
Not to mention William White, Philson and Jason Gao were also surprised. The boss's farm plus logistics is as unreliable as it gets.
Just this, it can actually attract Japanese investment. The new Tokyo headquarters of the legendary world, isn’t it delicious?
The corners of Fujita's mouth twitched a little, and these people still didn't understand the situation. For the current Japanese consortium, real estate and land are negative assets.
Yes, you read that right, it’s not a question of whether the price will fall or not. This is negative equity.
Before 1991, if you mortgaged your property to a bank, you could get a loan of up to 120% of the valuation, and the interest rate was extremely low.
As for now?
Those with better luck will get 30% off. That's it, the amount can't be too big. If you plan to borrow a billion dollars, take out a property with a valuation of 2 billion dollars, otherwise, extinction is impossible.
“Boss, Da Rong, who bought Japan’s Yaohan, is losing money now and even my mother doesn’t recognize it.
Property taxes are close to 1.5% per year, plus those bank interest charges. Boss, this is far beyond the price of rent. "
William White glanced at Jason Gao, that means, if your Gua Po Niang buys a real estate in Japan.
"Boss, Xiangjiang also has property tax, so don't expose the scars."
"Okay, okay, let me tell you a secret. Do you know why it is called real estate?" Seeing that the three of them were all paying attention, William White pretended to be 13 and said: "Real estate means you can't move it even if you want to move it. .
Hahaha, I can’t move, I want to hug you until I feel the traces of white snow on your hairline.” Listening to the singing of the panicked song, the three of them fainted. Damn it, can you speak properly? ah!
“I think back in those days, a dilapidated palace could buy the entire Maple Leaf Kingdom.
I said Fujita, what does that guy inside think?
If you don’t take action now, what are you waiting for? "
"Ahem, boss, it was just a valuation at that time. If it is really sold, it would be a bit..."
"Okay, okay, if you don't want real estate, you don't want real estate. Tsk, don't mention it. With this tax blocking the way, it's really impossible to engage in real estate in Japan."
"Yes, not only are heavy taxes imposed on holdings, but even on transactions, the taxes are also outrageous.
These banks that have collapsed recently basically had problems in this regard. "
At this point, Jason Gao is actually kidding. Although Xiangjiang also has property tax, the calculation method is very different. If Japan also adopts this approach, the property market will definitely not be so miserable.
In Japan, money is collected based on the property's valuation. Theoretically speaking, if the return rate is less than 2%, you should not worry about using your house to support your house. Therefore, even if the loan interest rate is very low, no one will invest.
Ahem, okay, later many tycoons from Big Rabbit Country invested. Tsk, let’s be honest, even though the price is very affordable, this is a big pitfall.
Yes, property prices in Tokyo are cheaper than those in Shanghai. It seems that it does belong to a value depression.
However, even if you don’t need a loan, it may not be cost-effective.
Hehe, I really thought Japan was so kind and didn't set limits on investment. Fifty years later, the taxes you pay will be basically equal to the price of your property.
Do you know that Japan’s banks can’t survive?
No money to pay taxes!
The interest rate on deposits has been zero for so many years. If buying a house can provide for retirement, there will be so much money coming from the Japanese banking system.
Should this tax be levied?
Let's put it this way, if we learn from Xiangjiang, then it will continue to rise as long as it rises. Property tax is bundled with rent. Rather than talking about property tax, it is better to talk about rent tax. If this burden is not placed directly on the tenants, you come to me to reason.
As for the Japanese model?
This is a nuclear bomb-level disaster.
If you really do this, well, Japan's loss was the sum of three years of GDP. If you think this loss is bearable.
Oh my God, if this money is used to build an aircraft carrier. This is so spectacular that it can compete with Lao Cao who burned Red Cliff.
Rules are rules, and changing them rashly is definitely not a good thing.
What, unfair to young people!
Ahem, this is a fact. However, have you ever thought that with housing prices so low in Japan, why are there still no young people buying houses? Is it really dignified to live in a capsule hotel?
Let's say you own an apartment in Tokyo worth $300,000. This is almost what you would earn if you didn’t eat or drink for ten years. The tax is approximately 5,000 per year and 50,000 per ten years.
Ahem, the rent for a house at this price is less than 2,000. Let me ask you, are you stupid enough to buy it?
Also, no one will pay in one lump sum, and the loan term is fifty years, which is common in Japan. Fifty years later, even if the interest rate is low, it will at least double.
Hell, add interest and taxes. Fifty years from now, you'll be paying at least $900,000 for this house. This is the income from not eating or drinking for thirty years. Only people with quite high incomes can do so.
When interest rates are low, property prices are low, and rents are acceptable, no one in Mao is buying a house. This is why.
What, your annual salary is $100,000.
When I didn’t say anything, it was so sweet to have a house of my own.
This is what Fujita told William White. In Japan right now, very few people have an annual salary of $100,000. As a result, the downturn in real estate and land is simply self-evident.
Who are the banks? If you want them to be the receivers, you can’t do it even if you are an American father.
"Okay, Fujita, let's do Series A financing. Alas, we have suffered heavy losses recently. Let's see if we can make up for it. Philson, you and Fujita can make a plan."
The two guys with weird faces went to work, but William White didn't care. Come to think of it, the two guys will definitely complain. I've seen people pretending to be 13, but I've never seen people pretending to be like you. If you have suffered heavy losses, should Soros jump into the sea?