Chapter 2036 Old John’s Reminder
Old John reminded himself once before that it was also Seattle. As the diamond-level market for American real estate, Seattle has always been a symbol of the strength of the American real estate market. Similarly, once Seattle collapses, other cities will not be far away from collapse.
If Yang Cheng remembers correctly, Seattle's decline last time was only 11%, and now it's 13%? So, Seattle’s housing prices have been falling in the past two years, and the decline is growing rapidly.
Old John added, "However, Seattle's rapid population growth and limited supply of houses for sale have led to the fact that housing prices have always led the United States. Even if it falls now, it still ranks among the top in the United States."
Yang Cheng nodded. To put it bluntly, a skinny camel is bigger than a horse.
"In addition, with the exception of Seattle, although housing prices in New York have not yet experienced negative growth, their growth rate has begun to slow down significantly, and the degree of slowdown is even higher than that in the United States: housing prices in New York City and the 12 surrounding counties were only 1% in the third quarter of last year. It increased by 4%, while during the same period, national home prices increased by 4.8% year-on-year.
The slowdown in home price growth has been particularly sharp in the New York metro area. "
Yang Cheng was stunned for a moment, "What's the reason? Seattle and New York are special cases?"
Old John pondered, "I was watching Bloomberg news a while ago, and they analyzed that the sharp slowdown in housing price growth in New York is closely related to the federal tax reform.
After the federal tax reform policy was introduced at the end of last year, the new tax reform limited the amount of real estate deduction in New York State to US$10,000; in addition, only the mortgage interest on the first loan of less than US$750,000 can be deducted - which made the performance of the New York State housing market poor. All over the United States.
In addition, nine of the 10 counties with the highest residential property tax burdens in the United States are located in New York, New Jersey, and Connecticut.
Across the country, residential price growth has also generally slowed down. Rising mortgage rates have put pressure on the ability to buy a home. Housing price growth has outpaced rent and wage growth. Changes in tax laws have resulted in lower tax benefits for home ownership relative to renting. The benefits are less.
These reasons will all lead to the end of the price surge in the U.S. real estate market after 2012. In the second half of this year, it will enter a low growth zone, and this will be the new normal in the future. However, given that the current real estate market inventory is not high, a collapse The risk shouldn't be great. "
Yang Cheng hummed, "It seems it is necessary to find a successor~"
Old John smiled and said, "I think so too. Although the growth rate has slowed down, there is still money to be made. I believe many people are still willing to believe in the New York real estate market."
Yang Cheng nodded heavily, "Okay, let's do it like this. I'll tell my dad later,
Let him also release a batch of buildings there. "
After saying this, Old John went to work. Yang Cheng said that for lunch in the evening, he had to prepare ingredients. After all, there were guests coming.
. . .
At night, New York is still much colder than Los Angeles, with temperatures approaching freezing and strong winds blowing outside.
However, the room was still as warm as spring. Because of the arrival of Lin Ximan, the Yang family rarely became lively. In front of Yang Cheng, she was very heroic and a cold goddess, but in the eyes of her elders, she was a lively and interesting woman. child.
Look at how much she made the old couple laugh, making all kinds of funny jokes. Poor Luo Yue, all the embarrassing things she had never done in college were all told as jokes by Lin Ximan.
Fortunately, it wasn't an important secret, so it wouldn't hurt to tell it. It also made the Yang family realize another side of their daughter-in-law - silly!
After dinner, Yang Sen and Liu Yun excused themselves as they were tired and went back to the house to rest, leaving space for them young people.
But there was nothing else to do at home except drinking and chatting. Luo Yue suddenly thought, "How about we go shopping?"
New York is a city that never sleeps. Recently, the new mayor of New York, Bill de Blasio, has been vigorously promoting the night-time economy. This is one of his efforts to fulfill his campaign promises. He believes that although New York under Bloomberg is stable and peaceful, it can The gap between rich and poor is widening step by step, and New York is about to realize a 'Tale of Two Cities'.
And he will change this status quo. It is his promise that has won the votes of the bottom New Yorkers. Otherwise, it will be difficult for him to take back New York from the Elephant Party.
Regardless of whether he is doing this for his own ZZ path, it is an indisputable fact that New York’s nightlife consumption is growing rapidly. If you give him some time, it may become a larger company with a wider range of fields in the future. nightlife market.
Bars, restaurants, performance venues, arts, culture, and sports and leisure, these five sectors make up New York's nightlife market, which can create approximately US$29 billion in economic income, 250,000 jobs, and US$11 billion in wages each year.
In comparison, the development rate of New York's nightlife economy is even higher than the national economic growth rate: the nightlife economy's employment growth rate is 5%, which is higher than the national growth rate of 3%. At the same time, the salary of 8% The growth rate is also higher than the national level of 4%.
The people at the bottom of New York have indeed gained real benefits under the promotion of such policies.
So, when Yang Cheng and the other three took to the streets, they saw more and more people. Even the bustling Fifth Avenue no longer seemed cold and mysterious, but rather down-to-earth.
Of course, most people still walk slowly past those luxuriously decorated brand stores, and very few actually go in.
Luo Yue and Lin Ximan did not have such an estimate. Even without Yang Cheng, the two best friends could occasionally afford luxury goods. Of course, they would definitely not be like Yang Cheng, who would buy luxury goods like cabbage.
In fact, in Yang Cheng's eyes, there is no such thing as luxury goods. In his opinion, it is just ordinary consumption.
Just like some people go to large supermarkets to buy food, while others go to wholesale markets. They choose the destination based on their own financial ability. There is really no need to expand infinitely.
When he spends money here, he can enjoy better service and better quality products. As for the extra money spent, it is really nothing.
Although Luo Yue's family background is good, it is not enough for her to live a luxurious life. In fact, due to the education of her parents, she does not have the luxury gene in her blood.
That is to say, after following Yang Cheng, money turned into numbers, and she made her life richer. It was not her initiative, but Yang Cheng's habit.
In the past, when buying a bag, you had to look at the price, but now you only care about whether you can buy it, and price has never been an issue.
"What do you think of this?" Luo Yue held up a Dior lady bag and asked Lin Ximan's opinion.
The shopping guide turned a blind eye to Luo Yue's slightly 'rude' behavior. For people who can't afford it, these exhibits are untouchable because you can't afford to pay for them if they break.
But didn’t you see who was standing behind these two girls? That is the rich man who ranks at the top of the VIP list among all the luxury stores in New York. The face that the shopping guide must remember on the first day he joins the job. With him here, are you still worried about not being able to pay for the damage?
If I'm in a hurry, I'll buy your store directly!
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