"$2,000 per square meter? That was the price at the beginning of the year, and now the highest is 11,000 Hong Kong dollars per square meter, which is $2,200, Sister Fan's boyfriend Hong Linjun complained that he didn't listen to him, if he bought it at the beginning of the year, he can now earn more than $10 million by changing hands, and with the current monthly income of 3,000 Hong Kong dollars per household on Hong Kong Island, it will take 9 years to buy a set without eating or drinking——"

Due to the relationship between the British pound, the exchange rate between the Hong Kong dollar and the US dollar remained stable at a price of 5:1, but when Yang Na updated Zheng Jianguo's perception of housing prices, Zheng Jianguo said in his heart, sister, you don't know the housing prices in forty years, but this thought only flashed in his mind, and his attention instantly began to drift: "Then after you go to Hong Kong Island, help me find the housing price information in the past, the price has risen so exaggerated, do I feel that there is a bubble?"

"What is a bubble?"

Yang Na's crisp voice was tinged with curiosity, of course Zheng Jianguo knew that this was not that Yang Na was really ignorant, but that the word bubble was still an extremely unfamiliar word to people in this world, so unfamiliar that only professionals in certain professional fields would know.

After all, in June 1980, the most recent bubble was half a century ago: "In 1926, there was a real estate bubble in Florida."

Bubble is an extremely eye-catching word in Zheng Jianguo's memory, only what he, a doctor in a small hospital in his previous life, can remember, there is the real estate bubble in the late eighties (he didn't know about the stock market bubble at this time), and this is also the reason why he is paying attention to Xiao Yueben, after all, if he wants to buy and buy when he can't even get money, it's nonsense.

It wasn't until he came to the United States that Zheng Jianguo knew that as early as the twenties of the twentieth century, Florida, located at the southeastern tip of the United States near Cuba, that is, represented by a plot of land on Palm Beach in the resort town of Miami, increased from $800,000 in 1923 to $1.5 million in 1924 and then to $4 million in 1925.

What the?

How much was this land in 1926, you ask?

The answer is that no one wants it anymore.

According to common sense, since Palm Beach is a beach, it will inevitably encounter typhoons and hurricanes, which is a negative effect of the location, after all, you can't enjoy the sun and beach bikini while not wanting to face the downpour under the strong wind.

That's impossible.

So later in 1926, a hurricane with a speed of 200 kilometers per hour came? After the tsunami caused by the sweep across Palm Beach? It swept across Florida again.

When Zheng Jianguo saw this information, he recited a poem about this hurricane in his mind: I waved my sleeves? Don't take a cloud with you? It only took 13,000 houses and 415 lives, and then thought about it, it took away a lot of entrepreneurs and bankers.

How destructive are hurricanes? The displacement of 13,000 homes in two Florida cities killed 415 people, not to mention the entrepreneurs and bankers who survived the hurricane with their rooftops and rooftops? And it didn't take long to get from the rooftops or rooftops that saved them when the hurricane came? ended his own life.

If the house is gone, then the mortgage will have to be repaid!

Can't you say that the quality of the things you bought is not good, and you haven't seen that the other houses have also collapsed? That means that the quality of your house is the same as that of other houses that have been blown down, since it is not a problem with the quality of the house? Then it is impossible to stop the mortgage repayment!

The house is gone? The mortgage has to be repaid!

If ordinary people face this problem, they may still struggle to live with the help of relatives and friends, after all, in addition to those who are separated from relatives and friends, the biggest role of family ties is to make people feel the warmth in their blood in adversity.

Of course? This is for the average person.

And as a nationally known vacation destination, who can buy a house centered on Palm Beach? Except for a relatively small number of locals, there are wealthy people from all over the United States.

When these people are dressed in bright clothes accompanied by blonde young girls? Faced with a luxury car that can drive away tens of thousands of dollars for only one-tenth of the cost, will you feel that you are losing money if you don't buy it? And it's a loss of tens of thousands of dollars.

Will you feel a loss in the face of a luxury car? So what if you replace a luxury car with a house? The only people who can sit and live are those who have no money, and even more so when the house is still increasing in value at a rate that is visible to the naked eye, the savvy entrepreneurs and bankers will not be able to sit still.

As a result, in just three years from 1923 to 1926, land prices in Florida were like riding a rocket, and house prices increased by about double every year, and it was not uncommon for a house to rise four times in one year.

At the height of the speculation, 25,000 of the 75,000 people were engaged in the real estate industry in the Miami area, and the housing prices in the central area rose 5~6 times in 3 years.

It's just that rich people can use the money in their hands as leverage to speculate, and those who don't have money can not only watch, but also people will be self-reliant empty gloves white wolves, such as Pounds, an immigrant from Italy, who relied on stories and the way to repay old money for new money became one of the players.

You can get a $100,000 house for 10,000 yuan, and it will rise to 200,000 yuan after a year, and after selling it, you can earn 60,000 yuan if you pay off 90,000 yuan and 40,000 interest, and you can't be tempted by the 600% yield? Even if you don't repay the mortgage and only repay the interest of 30,000, you should continue to buy a house with 170,000 yuan left?

Before Zheng Jianguo saw this related report, he didn't expect the house to be blown away by a hurricane, after all, it was difficult for Qi Province in his previous life to see a typhoon, and even if he did, he would rarely hear that a house was blown down, until he came to the United States in this life, he didn't know that the houses here were all wooden houses.

The game of drumming and passing flowers requires flowers to pass on, and the 13,000 houses flattened by the hurricane mean that 13,000 flowers have disappeared.

Or the above person went to continue to buy a house, then the 170,000 yuan he earned in his hand can pay for the down payment and balance of 8 houses worth 200,000 yuan, that is, each house needs to borrow 180,000 US dollars, and according to one-third of the loan interest rate, the interest of 1.44 million yuan on these 8 houses is 432,000.

If the hurricane didn't come, then he would be able to sell 8 houses at a price of 400,000 in the second year, and repay the interest of 432,000 after getting 3.2 million, and if he feels that he has earned enough, then the 1.44 million yuan he repaid will be 132.8 times more than $10,000 in two years.

But if the hurricane blows the house away, then he will have to face the pressure of repaying the loan with 1.44 million principal and 432,000 interest, which is an astronomical figure of 1.872 million, which is only the number to be repaid in the second year.

According to Zheng Jianguo's understanding of the bank loan agreement in the United States, the interest in the third year is not one-third of 1.44 million, but one-third of 1.872 million, and there is also the default interest, which is also as high as 5%, and a simple calculation will have to repay more than 2.62 million in the third year.

The consequence is that this person is freed from the rooftop or the roof, so because the bank does not have the collateral of the house, it is equivalent to rotting the account of 1.44 million principal and 432,000 interest, and this is the money of other depositors and the interest to be paid, and the bank just earns an interest difference, and the result is an unimaginable bad debt.

If it is a bad debt, in terms of the bank's risk control mechanism, it is just a pain, but there are 13,000 bad debts in the entire Miami area at once, so it is easier to simply go to the balcony or rooftop.

Even if some banks have strong capital, in the pessimistic situation of the market after the entire house was washed by the hurricane, after all, the impact of the hurricane on the wooden house cannot be solved by painting all over the hurricane, and the collapse of real estate prices is also caused by this.

And when the first domino began to fall, the chain reaction could no longer be stopped, because of this hurricane, which directly led to a massive collapse in real estate transactions in the Miami area, so that it shrank from $1.07 billion in 1925 to $140 million in 1926.

Knowing that 20 years later, in 1945, the United States completed the Manhattan Project of the nuclear bomb, but it only cost $2 billion from beginning to end, you can imagine how terrifying and far-reaching the impact of a financial shock of this magnitude will be.

Although the American Federation finally chose to control the impact, the shock caused by the bubble was so profound that it eventually detonated the collapse of Wall Street three years later, in 1929, which led to the worldwide Great Depression of the 30s.

However, when Zheng Jianguo and Yang Na explained the incident clearly, she was silent for a while and then spoke: "I heard Sister Fan say that the housing prices in the first two years were not so exaggerated, it seems that when you discovered Helicobacter pylori, the housing prices on Hong Kong Island were only 4,500 Hong Kong dollars, and now they have more than tripled in just two years, is it really the bubble you said?"

"I found Helicobacter pylori, it was May 1978, oh, you know it was October, it's May 1980, it's a little over a year and a half-"

Confirming that the real estate price on Hong Kong Island has risen in the past two years, Zheng Jianguo suddenly flashed a few pieces of information in his mind, and the news of the real estate bubble on Hong Kong Island was reconfirmed, but he couldn't think of the specific time: "You go to Sister Fan to confirm this matter and see if there are any opportunities to make money-"

"How can you make money with such a high house price? Isn't it all about selling low and selling high if you want to make money?"

Yang Na subconsciously asked, Zheng Jianguo knew that this cheap girlfriend didn't care about the things in the mall, so he said: "Explain it to you then, you can remember to ask me then——"

"Okay, remember I miss you, hang up. ”

The lazy voice came, Zheng Jianguo didn't expect to hear her delicate voice, but remembering her handling of Yang Yuanming during this time, he felt that this father-in-law was not a fuel-efficient lamp.

Fortunately, I remembered that if the real estate on Hong Kong Island was really a bubble, then Zheng Jianguo's money would have a place to go, but after picking up the phone, he remembered that someone was staring at this line, so he put it down again and rubbed his hands: "It's not a matter if it's always like this in the future, it seems that we have to order a communication satellite for the TV station - we are also rich now." ”

"Bell bell bell—"

The phone that was glared at by Zheng Jianguo rang suddenly, and after startling him, he picked it up, and then heard Catherine's voice coming: "Boss, here-Bertha wants to speed up the research progress, she called the biological company and asked the other party to send test animals to the laboratory from today, and now the first batch of 10 rabbits, 10 monkeys, and 10 dogs are unloading." ”

"Well, she wants to batch the data before production, or just get the results. ”

Sighing slightly, Zheng Jianguo instantly figured out what Bertha was doing, but considering that this may have been Catherine's sudden appearance in the unknown virus laboratory and became her deputy, it may have given Bertha some sense of crisis.

After all, the superiors suddenly arranged a deputy for themselves, which would not be a good thing in Zheng Jianguo's opinion: "You told her the purpose of my arrangement for you in the past?"

"Anyway, she said that since I'm here, then we can do it separately, she's in charge of clinical trials, and I'm in charge of continuing the analysis-"

There was no emotion in Catherine's tone, Zheng Jianguo was already familiar with her tone, and immediately smiled: "I'm afraid she's taking care of you, after all, animal clinical trials, well, are also all kinds of scenes and flavors-"

"Isn't it just excrement and secretions, and I've done a rectal examination a lot-"

Catherine's uncaring voice came, Zheng Jianguo was choked lightly or severely, remembering the rectal examination that was similar to ** at this time, he threw this picture out of his mind, and said: "You just went over there, pay attention to the implementation of the test requirements, and tell Bertha, let me know when the test results are available, and send me a pager text message if the phone can't get through." ”

"You seem to be confident in clinical trials?"

Catherine's voice came as if she heard something, and the ease on Zheng Jianguo's face disappeared: "I don't know if you are testing me, I just want to say that air transmission and conventional contact transmission have been ruled out at present, and Bertha's recent experiment is water and food transmission, judging from the news she did not report to me, this virus should not be transmitted by water and food, so how many other transmission methods are there?"

"It's just fluid transmission and blood transmission and arthropod transmission—"

Catherine didn't feel any different from Zheng Jianguo's preaching, and still maintained the previous emphasis, and Zheng Jianguo said: "As I said before, body fluids should also be the category of water transmission, and according to the data I have, the unknown virus cannot survive in body fluids that are dominated by water, so the use of elimination method is only blood transmission."

And this method has not been tested and ruled out, considering that this virus lives in the blood, then this kind of transmission method that has not been verified in the end, I think it is the most likely way to spread, what do you think?"