Chapter 892 Reaching the Top!

Regardless of whether Yin Jun wants it or not, the transaction of the Type B land exchange rights document has directly become an important driving force for the rise in housing and land prices in Xiangjiang again.

For two consecutive weeks, there have been two shocking transactions in Xiangjiang, which completely ignited everyone's enthusiasm.

Whether it is the land market or the real estate market, everyone has no worries about selling.

In just a short period of ten days, the trading volume surged by more than 57%.

However, few people have seen that the current Hong Kong economy is actually in a very difficult moment.

The boom in the land market and real estate market since last year has directly stimulated a huge increase in the import of various building materials, such as river sand, cement, steel, etc. A large number of construction businessmen have been buying and stocking up to prepare for the next time. Have a big fight here.

Large amounts of imports have led to an increase in Hong Kong's foreign trade deficit, with inputs exceeding outputs.

This is directly reflected in the exchange rate of Hong Kong currency, resulting in a very weak exchange rate of Hong Kong dollar.

The financial market is like this. Once the currency weakens, it will inevitably lead to an increase in loan interest rates.

As mentioned before, the Hong Kong dollar is a currency that does not exist. It does not have any currency that can serve as a reference for value, because its base currency is not the gold commonly used by countries, but US dollars.

The three major note-issuing banks in Hong Kong deposit US dollars according to a certain ratio, and then issue Hong Kong dollars according to this ratio, which becomes the circulating transaction currency.

Therefore, the US dollar is actually the most important factor affecting the currency value of Hong Kong.

Coincidentally, at the end of 1980, after Ronald Reagan, the big boss of the United States, came to power, he adopted monetary tightening policies in response to the fiscal and financial conditions of previous periods.

To put it simply, it is a completely different policy from the one after the financial crisis broke out in the United States in 2008.

The monetary easing policy in 2008 was to continuously print and issue US dollars, continuously lower interest rates, reduce deposit reserves, stimulate people's consumption, and increase inflation.

Now it is completely the opposite. Reagan ordered to reduce the printing and issuance of currency, reduce the circulation of currency, significantly increase bank deposit reserves, control people's consumer demand, reduce inflation, and strive to cause deflation.

Such an approach is aimed at the interests of the United States.

However, Reagan's policies immediately suppressed the trend of the Hong Kong dollar, which is based on the US dollar.

To put it simply and clearly, this is equivalent to Xiangjiang being forced to implement the financial policies of the United States, implementing monetary tightening policies, increasing bank deposit reserves, and controlling people's consumer demand.

What is the biggest consumer demand of the people in Xiangjiang?

Buy a house!

How to control?

Raise loan interest rates?

The current loan interest rate is almost 1.5 times higher than that in 1978.

Even from January 1981 to June now, it has increased by more than 30%.

Such a terrifying increase in interest rates is simply unheard of.

However, people in Xiangjiang, including economists in Xiangjiang, believe that this is a self-protection measure taken by banks after many people apply for loans. They are worried that house prices will rise too fast and deviate from the actual value. This is normal.

Banks around the world share this concern.

but!

But housing prices in Xiangjiang will continue to rise like this!

So the bank’s worries are useless!

As an ordinary person, as long as I can get a loan and buy a house, I can earn 50% in one year and 100% in the second year!

How much does a house, even a 500-square-foot house, cost?

At least it costs 1,000 Hong Kong dollars per square foot, which works out to 500,000 Hong Kong dollars!

After taking out a loan for two years, I can earn a net profit of more than 400,000 yuan. Isn’t this a huge profit?

My monthly salary is only two to three thousand!

This is equivalent to 13 years of my salary!

Compared with such high profits, what's so great about a little loan risk?

No one can be rich without a windfall, isn't that what the old saying goes?

This kind of mentality is not just one person's, countless people think so, and most people in Xiangjiang think so!

Therefore, the repeated increases in bank loan interest rates cannot stop people's enthusiasm for loans at all.

For a time, all the large and small banks in Xiangjiang were filled with guests, almost overflowing with them.

At this time, Hui Yinghong received a Chinese page from Yin Jun.

Sister Hong was very shy. She hesitated for a long time before answering the call. When she put down the phone, she had a solemn look on her face.

Then, she went to find her brother Hui Tianci.

It was already evening. Hui Tianci was playing outside at this time, but he received a Chinese page from his sister.

Speaking of Chinese pagers, the British Telegraph Office acted very quickly. After negotiating the price with Kirin Electronics, it immediately put the Chinese pager on the market.

As a result, Yin Jun took the lead in buying them, and all of them were sold out in less than a day.

Hui Yinghong received ten Chinese pagers. In the end, she did not return the Chinese pager to Yin Jun, but gave it to people around her.

Hui Tianci’s development in the past two years has been pretty good.

Because he has changed a lot compared to before and is much more dedicated, Asia Television will look for him to act in one or two TV series every year. In addition, Baodao also has many film appointments due to Yu Zhanzhao's high popularity. Coupled with advertising endorsements and commercial activities, etc., you can easily earn more than one million every year.

With such a high income, it is absolutely amazing in today's Xiangjiang. It is completely comparable to the income of some small and medium-sized bosses who work hard for a year.

But these are not Huitianci’s biggest property increases.

The biggest increase in his wealth was the house in Meifu New Village he bought with Hui Yinghong.

When he bought "The Legend of Bao Zheng" at a high price in Baodao, he gave all the money to his sister and asked her to help invest.

After Hui Yinghong asked Yin Jun, she bought 10 houses in Mei Foo Village at a price of 400 yuan per square foot, spending a total of 2 million Hong Kong dollars.

At that time, Hui Tianci felt that his sister had bought too many houses and it was useless to put them there, but he always listened to his sister who was independent and had ideas, so he didn't say much.

As a result, by the end of last year, with the skyrocketing housing prices in Hong Kong, the prices of these houses had risen to 1,200 per square foot, which was three times the purchase price!

Calculating this, he and his sister earned HK$4 million in just over a year!

And that’s not all!

From the end of last year to now, in six months, the price of houses in Mei Foo Sun Village has increased from 1,200 to 1,600 per square foot! Another surge of 33%! Another huge profit of 2 million!

He sometimes wonders if he can just retire and just rely on these houses to collect rent. The rent of tens of thousands a month is enough for him to live comfortably.

But he didn't dare to say this to Hui Yinghong, for fear that his sister would scold him.

Because compared to him, Hui Yinghong worked harder and became more famous. She starred in several movies in a row, all of which were box office hits, and she vaguely has the title of "Hong Kong's No. 1 female star".

Meeting a sister who works so hard and is so strong, Hui Tianci is really more and more in awe.

Therefore, after receiving Hui Yinghong's page, Hui Tianci quickly said goodbye to his friends and returned to his home.

Hui Yinghong was waiting for him at home. Seeing his drunken appearance, she frowned: "Fourth brother, I'm telling you, don't drink all day long! If you continue like this, all your skills will be wasted! By then, How can you still act?"

"Haha, I don't drink every day. The ATV filming was finished today. Everyone said we should get together, so I followed him out." Hui Tianci said in an evasive way, "Fifth sister, what important thing do you have? It's so urgent. ?”

"I have something to discuss with you." Hui Yinghong said.

"Say!" Hui Tianci smiled, "But what are you discussing with me? Aren't you the one who makes the decision in our family?"

"Don't be such a mouthful." Hui Yinghong glared at him, "Tomorrow I plan to list all our houses in Mei Foo New Village and sell them one after another."

"sold!?"

Hui Tianci was so surprised that he almost jumped up, "Fifth sister, why is this? Are you short of money? Are you in trouble? Tell fourth brother! I have money here!"

Seeing his nervous look, Hui Yinghong felt a little soft in her heart.

No matter how bad the fourth brother is, no matter how bad his habits are, he has loved himself so much since he was a child, which is why he is willing to take care of him all the time.

Just like the original 2 million investment, Hui Tian gave the money, but he never asked whose name the house was settled in, and even took the initiative to let Hui Yinghong put it in her name, so that he would not have to spend his time living and drinking. , and cut off the family’s source of income.

"It's not a lack of money." Hui Yinghong hesitated and said, "The real estate in Xiangjiang is about to reach its peak. If we don't sell it now, we won't be able to sell it at the highest price."

"Has it reached the top?" Hui Tianci sneered, "Fifth sister, which idiot told you? Now everyone knows that housing prices in Xiangjiang will definitely rise, and they will rise a lot! We just sold it like this I don’t know how much less I will earn from the house!”

"Yes..." Hui Ying's pretty face turned slightly red, but she still pretended to be indifferent and said, "Yin Jun told me."

"Yin Jun!?"

Hui Tianci was startled, "What did he say? That's wrong! He just sold a Type B land-exchange right deed in the New Territories at a sky-high price. How could he be so pessimistic about the real estate in Xiangjiang?"

For Hui Tianci, the day three years ago when he and Yin Jun were sitting together and eating at a food stall near Broadcasting Road was just like yesterday.

But now three years have passed, and Yin Jun and he are no longer in the same world. He can't even see Yin Jun's face on weekdays.

In other words, because of what happened back then, he was no longer qualified to associate with Yin Jun.

That is to say, my younger sister knows how to be a good person. When she was in "Wulin Gaiden", she made up her mind to help Yin Jun, and got such a good reward.

Just recently, Yin Jun gave Chuck the script of "Jinyiwei" for the sake of his sister, making Chuck a huge profit!

Hui Tianci was not a fool. Since Yin Jun specifically told his sister, he was definitely not joking or teasing her.

However, how could real estate in Xiangjiang have reached its peak?

He couldn't figure it out.

"The specific reasons are very complicated and I don't understand them, so you don't have to worry about it." Hui Yinghong said, "I believe in Ajun, so I decided to sell! If you don't have any objections, I will hang up." , when the time comes, I want you to go with me to transfer the transaction."

"oh……"

Hui Tianci still couldn't help but said, "Fifth sister, does Yin Jun really think so? If this news is revealed, I'm afraid it will cause an earthquake in the real estate industry!"

"You are not allowed to tell anyone about this!" Hui Ying's red round eyes glared with murderous intent.

"I know, I know, I'm not stupid!" Hui Tianci trembled and quickly said with a smile, "Don't tell me yet, Yin Jun is really nice to you. Let me see, maybe he likes you. !”

"Go to hell..."

Hui Yinghong threw a pillow over.

"Hahaha……"

Hui Tianci burst out laughing. This sister who has never been in love is so cute in terms of love!

I don’t know what his expression would be like if he knew that his fifth sister had pushed Yin Jun twice.