Chapter 63 The First Year of Negative Equity

In terms of investment style, Buffett is indeed very much like William White. In other words, a traverser who has no discipline plagiarizes in front of the great god.

Well, don't say that. People like Warren Buffett and William White don't care much about short-term gains.

That's true, but this kind of person has a characteristic, and what they hate the most is that things are out of control.

Nima, I'm making money so decently, I didn't recruit you or mess with you, you suddenly came over and lifted the table, your uncle, when I don't exist, right?

In the face of Buffett's complaints, Greenspan didn't know what to say. Sabotage is cool, can you really make a lot of money?

William White is acting very strangely right now, and a group of bigwigs, including Soros, are wide-eyed. , don't dare to make any mistakes, in case you are ruthless by this goods, then you really don't have to mix.

"Allen, William White has a lot of properties in Xiangjiang. Soros suddenly came like this, hehe, anything happens, it makes sense. ”

"Hehe, so speaking of which, will it always be a conventional means?"

"I don't know, don't ask me. By the way, Soros didn't use any conventional means?

Could it be that using the IMF to play tricks is also a conventional measure?"

"Damn, this guy's influence. ”

"Hahaha, hahaha, I hope it's just a guess. This time, the IMF is always in trouble. ”

Greenspan began to have a big head, and the IMF's god operation was naturally backed by the Mi Fed. Then, in this case, nothing good will come of it.

Greenspan's concerns are actually a high probability event. It's not how Smecta is angry, they are often angry anyway. It is Southeast Asia, which has not been restored for three or five years.

If someone comes out and says it's artificial......

Well, if the person who said it is insignificant, they can also scoff at it, do you understand, we are the brick family.

William White, however, was different. This person is not as simple as being rich, and his reputation is also good. Philanthropy that has lasted for so many years, you really think it was done in vain.

"Allen, it's a bit excessive, and the market value of tens of billions of dollars has evaporated. And the property market, oh my God, how many middle class will be broken and settled?"

Buffett's question Greenspan couldn't answer, or, he didn't care. Finding some trouble for the big rabbit is their tacit understanding with John Bull, which is also politically correct.

However, there is one thing about these two goods that is misestimated. The situation in Xiangjiang is not the same as that of the United States, where the middle class has become negative equity, but it has not become a broken settlement.

In the subprime mortgage crisis in the United States, many home buyers choose to run away. I bought a house for 8 million, and now it's only 5 million, and the ghost will continue to repay the loan.

In 97, if you buy a 100-square-meter house in Tsuen Wan, you will also need 8 million Hong Kong paper. By 03, the property price fell directly to more than 2 million.

In fact, there are still a considerable number of people who have not given up on repaying their loans.

Well, this particular insistence is a bit puzzling. Your down payment is only 10%, which has fallen by 70%, and you haven't cut off the supply, what kind of persistence is this?

For individuals applying for credit bankruptcy, the attitude of Xiangjiang and the United States is completely different.

In this way, the bank seems to have a chance to breathe, as long as these people repay the loan, this is not a bad debt, at most a high-risk loan.

Of course, there is also a large negative equity population. In a city with more than 7 million people, according to the average population of three, that is, more than 2 million households.

How many households have negative equity?

More than 100,000!

To a large extent, it has become a consensus that housing prices can rise or fall.

You wonder, are there any people at the bottom who can persist in this situation?

No, there won't be one, eight million houses, 10% down payment, you have to be able to come up with 800,000. As for the monthly payment, it will be at least tens of thousands of yuan.

If the monthly income is less than 50,000 yuan, you don't have to worry about buying it, and you can't afford half of the down payment.

Housing prices are very high, you can put a little more land, and after 19 years, let alone a hundred square meters, they can even get a dozen square meters of houses.

In addition to a bed, it is really hard for me to imagine what else can be put in this house of more than ten square meters. Probably, maybe even a toilet,

It's all about being well designed.

Is land really that scarce?

Don't joke, how many people are in Tokyo, how many people are you, how can it be more outrageous than the book.

"They all said don't buy a house, your sister is really right. I don't have a loan to speculate on off-the-plan properties, right?"

Faced with Jiaxin's little beauty's inquiry, William White was powerless to complain. Good words can't persuade damn ghosts, I've told you everything, and when you see a good thing, you will accept it, why don't you listen?

"Husband, tell me, when will this turmoil subside. ”

"Alas, don't shake it anymore, my head is dizzy. If it's Kowloon, it's better, if it's Tsuen Wan and Tsing Yi, hurry up and ship it, it won't take three or five years to recover. ”

Jiaxin's little beauty's face changed greatly, and she was really a little panicked.

Seeing her expression, William White couldn't help but feel a little distressed. Well, although he is not short of money, he will not spend money on the streets.

However, you don't seem to be short of that money, do you?

"My dear, you don't seem to be short of money, do you?

"No, I will provide for my retirement. ”

William White had a few black lines on his face, and I didn't seem to be so stingy.

"Honey, don't you read the accounts of those trust companies?

Okay, ignore them, I'm going to soak it, you can rub my back for me. ”

"Hmph, it's Suzuki today, I'll call first. ”

William White shook his head and smiled bitterly, it seems that the other side is also a little anxious, otherwise, at this point, it doesn't seem very appropriate to call.

The small investment of the women in the family, William White can not care. With the loss of his own account, there is no way to continue to calm down.

What, paper wealth only.

Ahem, that's not how it counts. People who do business are playing with the bank's money. Your collateral has shrunk so much, if you're not prepared, be prepared for their comeback.

At this time, it is impossible to force those negative assets, if you force them too fiercely, the elite will not be able to hold on. Not only can it not be forced, but the interest rate must be appropriately reduced.

, I haven't seen a bank in the snow.

You're mistaken, it's not the banks that are helping themselves, they're just saving themselves. The stock has fallen sharply, and as long as there is no fall limit, you will always have a way to sell. The property is different, once the general trend is formed, the market price is 80% off, if it can be sold, it is actually good.

"It's terrible, could it be that the scene in this book will also be staged in Xiangjiang?"

"Ahem, Suzuki, isn't it, you also speculate in real estate?"

Suzuki gave him a blank look and continued to rub his back. Don't say it, the level is quite professional. Well, some special parts have been washed and some reactions.

"I don't want to invest in real estate, it's just messing around. To make money, you still need a real industry.

This kind of unearned money, like the lotto ticket, is just a legend. ”

William White shook his head, this is true, his memory is obviously better than that of Xiangjiang people. In the early 80s, the property market in Xiangjiang collapsed once, and it has only been more than ten years, have you forgotten?

Alas, these two women, find something for them. The charter wife is not so easy to be, and it is easy to be fooled.