Chapter 592 House Prices and Mortgages

On March 3, 1924, under the auspices of the British, a meeting on Germany's default was held in London. The participating countries included all the countries that Germany needed to pay reparations, including Australasia.

This meeting had only one theme, which was how to deal with Germany's request to delay reparations.

After the reduction, Germany's reparations were about 15 billion pounds, and more than 1 billion pounds had been repaid.

Of course, this does not mean that all the things repaid are currency, including a large amount of equivalent industrial products, mineral resources and even livestock.

This is also a helpless solution. After all, Germany's consumption in the war has been very huge. They can't come up with more than 15 billion pounds in the next short time unless other countries are willing to lend them.

But the problem is that receiving a large amount of money to a defeated country to help the country pay reparations is obviously a loss-making business that even the French will not do.

What's more, the United States, the only country with a relatively good financial situation, also bears a large amount of reparations, which makes it difficult for the Germans to obtain loan support from other countries, and the progress of raising reparations has naturally slowed down again and again.

"Ladies and gentlemen, we have reduced the proportion of Germany's reparations four years ago, and Germany has three years to restore its domestic economy.

But the results have told us the answer. It is not okay to give in blindly. This will give a country that should be punished hope of being exempted from punishment, and will also make the country that should be compensated lose the compensation it deserves.

I think the proportion of Germany's reparations should be maintained, and urge the German government to repay this year's reparations as soon as possible within two months. If the German government cannot do it, we are happy to get the compensation we deserve on our own." At the beginning of the meeting, the French representative stood up and said passionately.

The last time we agreed to reduce the proportion of Germany's reparations, some French people were already dissatisfied. If we continue to give in this time, I am afraid that the spit of the French people will drown the cabinet.

"That's right. We absolutely cannot condone Germany's behavior of not paying back the money. This is a provocation to all countries that have suffered great damage in the war.

According to the data, Germany's economy has seen considerable growth in the past four years, and its industrial scale has recovered to about 60% of the pre-war level.

Such an economic recovery speed has exceeded that of some countries present. I don't believe that Germany has no funds to repay the reparations, and I don't think that Germany's situation is worse than Russia's." The Russian representative also stood up and said with a very firm attitude.

This is the first time that Russia has spoken out in diplomacy since the civil war, and it is also the first step for Nicholas II to restore Russia's international status after peace.

It is obvious that Nicholas II was carefully selected. Joining the team to fight against Germany is currently the righteous side. Russia will not suffer any losses if it speaks out, but will be grateful to many small and medium-sized countries.

Compared with France, which has a more determined attitude, the attitude of the British seems a bit ambiguous.

On the one hand, the British are quite angry about the Germans' attitude of defaulting on their debts again, but they don't want to squeeze Germany too much at present, leaving France without opponents in Western and Central Europe.

To put it bluntly, the current Germany is the opponent left by Britain for France. Germany must exist, and Germany's status should be maintained well, rather than lingering on.

"Gentlemen, can we change our thinking?" The British representative stood up at this time and expressed his long-prepared point of view: "Let's not talk about whether the German government has funds for compensation, but the current financial situation of the German government is indeed not very good.

Compared with simply using mineral resources and funds to repay the loan, why don't we explore more ways?

For example, the OEM model, we provide the corresponding raw materials, put the heavily polluting factories in Germany, and let Germany process finished products for us for free to pay compensation.

During this period, the wages of German workers are determined by us, and the wages are paid by the German government.

When we produce enough industrial products for compensation, when Germany will repay the compensation, how about it?"

The British representative's idea is another idea, which can solve the German debt crisis more peacefully and properly, and also allow other countries to obtain their due benefits.

Of course, it is impossible for the British to have such an idea without purpose.

In fact, although it seems that the heavily polluting industry is placed in Germany, the scale of Germany's industry is destined to increase as a result.

Although the interests are obviously on the side of many countries in the short term, as long as the factory is in Germany, Germany is the biggest winner.

Doing so can quickly restore Germany's industrial strength and ensure that Germany will still be a powerful country that can shake France in the future.

The British proposal made many countries fall into contemplation. This seems to be the best solution without using force.

In the end, it was the French representative who spoke first and raised his own question: "Excuse me, British representative, how do you explain this OEM method? We have so many countries. Does each country have to sign a similar OEM agreement?"

"Not really." The British representative said with a smile: "We can unite and ask the German government to establish a centralized OEM system for us. We provide some raw materials for heavily polluting industries and place heavily polluting factories in Germany to solve our domestic environmental pollution problems.

At the same time, we can also save unnecessary costs and use raw materials to harvest corresponding industrial products, saving the trouble of building factories.

In order to ensure the unity of all our countries in production, we should clarify the specific industries we need to bring to production. How about producing together in the same industry and obtaining the corresponding proportion of industrial products according to the proportion of raw materials contributed by each? "The British representative said confidently.

Such a plan is the answer the British government has come up with after thinking about it, and the British representative has already been familiar with it.

"Are the costs of workers and factories borne by Germany? What if Germany does not recognize this factory?" The Russian representative asked the topic of concern to small and medium-sized countries at the right time.

"Of course, it will be borne by the German government." The British representative smiled and said: "This is a concession to Germany's inability to repay the reparations. I believe the German government will understand our helplessness. As for Germany's refusal to recognize such a system, I don't think it will happen, and Germany will value our opinions. "

"Even so, the German government must not impose any import and export taxes on our raw materials and industrial products. At the same time, the location of these corresponding heavily polluting processing plants should also be determined by us, and the ownership of the factories should belong to all of our countries, not Germany. "The French representative pondered for a moment and put forward his own conditions.

Although such conditions can indeed allow countries to obtain materials equivalent to reparations, it is still too dangerous to place the factory in Germany, which makes the French representative somewhat uneasy.

Clarifying the ownership of the factory, requiring the right to choose the location of the factory, and even requiring the German government not to impose any additional taxes, is to avoid the German government's influence on such factories as much as possible.

As for whether such factories will take away part of the domestic capital investment, it is not something these politicians should consider. After all, the term of office of each government is limited, and who will take the initiative to consider it for the next government?

Even the French have not formed this sense of crisis, otherwise the French government would not rely too much on German industry. Finished products, resulting in a mediocre recovery of its own industrial scale.

Even a large amount of French capital has overflowed and invested heavily in other countries.

At present, housing prices in Europe and the United States have doubled several times, and behind them are the British and French consortiums.

Although the population of these countries is not large, it is still easy to speculate on housing prices in a certain area, especially in some important cities in these countries, where housing prices are speculated quite smoothly and prices are rising steadily.

Before the speculation, London's housing prices ranged from tens to hundreds of pounds, but now the cheapest house in downtown London has reached more than 100 pounds, and even every real estate transaction is purchased and sold at a premium.

Although London's housing speculation does not affect the suburbs and other small cities, as the current people As one of the most populous cities and the most developed cities, the housing speculation has a great impact on the British Empire.

Of course, the housing speculation is not only seen in London, but also in major cities such as Paris, France and New York, USA.

At present, the highest housing prices should be in New York, USA. The housing prices have increased from less than 700 US dollars to more than 1,100 US dollars, and are even in a state of being priced but not sold.

According to the ratio, the current housing prices in New York City are twice that of London City, and it is worthy of being Arthur's main city for housing speculation.

Thanks to the rising housing prices, one thing that can be seen with the naked eye is the control and construction of real estate by many consortiums.

In cities like London and New York, you can build your own house before, but now Self-built houses need to go through quite strict approval procedures, otherwise you can only buy built houses.

A large number of new houses have been built, and they have been pre-sold before they are even completed, which has made many capitalists who invest in real estate make a lot of money and attracted more assets and capitalists to this industry.

The income from selling houses alone is obviously not enough. Some capitalists who have seen business opportunities have introduced mortgage policies, striving to squeeze out all the value of ordinary civilians.

The seemingly unburdensome mortgage can make the actual cost of a house of $1,100 as high as more than $1,300, and it has also made a considerable number of Americans become actual house slaves, spending more than ten years of their youth on paying mortgages.

The second update of 3,000 words, please vote for the monthly ticket, please support!