Chapter 422 New Trend

$425, New outlets

Da Fei laughed when he got the news. Now that the fish have taken the bait, it will be easy to deal with. Da Fei is not afraid that those who are short of money will not pay back. As long as they dare to borrow money, Da Fei will naturally find a way to ruin them.

This new "financial crisis" has made many originally wealthy "landlords" in Hong Kong miserable. There is no way. They are used to using high leverage and usury to speculate in real estate for a long time.

This time, they deserve it more.

Why are so many people willing to use high leverage and even usury to speculate in real estate? That is also due to the abnormal housing prices in Hong Kong.

For example, the price of an 80-square-meter house is about 8 million, and the down payment is generally 30%, which is 2.4 million. The loan of 5.6 million plus interest is almost 10 million.

But they can make 4 or even 5 rooms in such an 80-square-meter house. The minimum monthly income of one room is more than 4,000 yuan, which means a monthly income of about 20,000 yuan.

The annual income is 240,000 yuan, and after deducting the renovation costs, the down payment will be returned in about 10 years. If you use high leverage, it will be even more impressive.

You only need to take out the down payment for one house, and then mortgage it to a financial company after it is built to get part of the money to continue to buy a second house.

In this way, people who own two houses can recover 400,000 yuan in rent in a year. The interest on bank loans and financial companies is about 300,000 yuan a year, which means that they can get back more than 100,000 yuan a year.

So as long as the area of ​​the house is large enough and the location is good enough, their "routine" is equivalent to paying the interest on one house, which is what people say about using loans to support loans. If there is a problem with funds, continue to find a financial company to borrow money to sell a house in full, and then pay off the loan.

But the biggest "loophole" here is that housing prices must rise. If housing prices fall, their capital chain will be devastated, like dominoes collapsing.

This incident caused heavy losses to "Brother Long", a Hong Kong house owner. He used leverage to buy 15 houses, which turned into about 70 houses in total. His monthly rent was about 300,000 yuan, but his interest was also frighteningly high. The annual interest on these 15 houses would exceed 3 million yuan.

Unfortunately, he is now unable to pay the high interest. With the plunge in Hong Kong's housing prices, his house has been cut in half. But he still owes the bank a huge amount of interest, and he is now desperate.

During this period, there are many people like Brother Long in Hong Kong. Most of them used high interest or high leverage to leverage a large amount of funds before, but now these are deadly poisons.

If we say where people are the most courageous, the group of real estate and stock speculators in Hong Kong are enough to rank first. But now it is surprising that those who speculate in stocks have made money, while those who speculate in real estate have suffered heavy losses.

As the news of China's reform spread, "sensitive" Hong Kong stockholders bought some of China's manufacturing industries, and now they are almost making a lot of money.

The manufacturing industry in China also delivered a satisfactory answer sheet. With the rise of the manufacturing industry, all orders that were not accepted for foreign trade were taken, and the stock market, which had been sluggish for a while, actually showed signs of rising.

Even some foreign investors wanted to join the Chinese stock market to share a share of the profits after seeing this situation, but these shareholders who had already bought in were reluctant to do so and just refused to sell.

For a while, China's technology stocks hit a record high, and even Tang Wen was a little confused.

In the past, Hong Kong was still quite powerful in the technology industry, but with the rise of China, Hong Kong's technology companies began to run in China.

There was no way that the reason why Hong Kong's "economic prosperity" was due to the "free trade zone" before. Now that China has opened multiple economic and trade zones in the mainland, Hong Kong's status has become less important.

Except for some financial companies, most Hong Kong technology companies have begun to move to the mainland. There is no way that the supporting facilities in the mainland of China are very complete, and there are also a large number of "orders". If you grab them now, you will make money.

At one time, Hong Kong's stock market and financial market began to vigorously support technology companies, and some talents that were originally "drowned" began to emerge in an endless stream.

Wang Xiuxiu has been very "helpless" recently. Her clothing fashion brand has been hit by the manufacturing industry in mainland China. It has completely lost its advantages in terms of price and brand.

Before, she could still rely on her former "fame" to mix in Hong Kong. But with the rise of the manufacturing industry, her fame is not enough.

China's big brands have crushed her in terms of price, quality and even style. In particular, the MT fashion brand established by the MT girlfriends group has now become the new mainstream in Hong Kong.

You should know that the MT girlfriends group has always been a "model" style or "lady" style, which is very popular in Hong Kong. As for young people, they generally like big brands or fashion brands founded by their favorite artists.

At this time, the products of Wang Xiuxiu's company can be said to be unattractive. As Wang Xiuxiu found Dafei to borrow 80 million yuan, she originally thought that she would start expanding after paying the fine in mainland China.

But what I didn't expect is that the biggest competitor in the mainland market is not the mainland companies, but the companies that have transformed from Hong Kong.

These "insiders" immediately occupied a large area and then took orders crazily. They pushed down the prices so that ordinary people could not afford it.

Their plan is very clear, which is to squeeze out some small-scale companies, and then let several large companies "divide the cake". These people have sufficient funds, and even the real estate Li family has invested in a garment factory.

It is said that Lijia has just received an order from MT, with a total price of more than 500 million. This is also a good start for them. Other companies have begun to lower prices to grab the remaining orders.

Poor Wang Xiuxiu's company's products are now even sold to Southeast Asia. There is no way, because the agents are too lazy to accept them.

The current export market is constantly expanding, and the markets in Europe, America, and Southeast Asia are almost receiving a large number of goods. The manufacturing industry in China has not even released its products, but people have come to squat at the door.

There is no way. China's supporting facilities are very complete now, and 3 new free trade zones have been opened. There is an endless stream of people coming to the newly opened free trade zones every day to ask for goods.

Even the top leaders of China are a little confused. Although they know that the export business will increase after the opening of the free trade zone. But they did not expect that the current export business would be so "popular".

Later I learned that because the real estate market was suppressed, a large amount of funds were now worried about where to put it, and the rise of the manufacturing industry undoubtedly provided them with a new outlet.