Chapter 370: The Peak of Career (Second Update)
In 2016, the recession that lasted for nearly 10 years after the bursting of the real estate market bubble in the United States finally eased, and resumed the upward trend again.
In the long run, it is clear that residential property is appreciating much faster than inflation.
That is to say, in this period of low interest rates, paying a mortgage is more affordable than renting, and the economic significance of the return on investment is greater, making anyone want to invest in real estate, including those who want to buy a house for their own use.
Or buy a house to live in, which is also the main reason why Lin Zitan chose the kind of two-family or three-family house when he bought a house against the market.
According to the Standard & Poor's Case-Shiller Home Price Index, in November 2016, housing prices in 20 major cities in the United States rose by 5.3% year-on-year, and the market rose rapidly, with a large number of hot cities with sharp housing price increases.
Investors also maintain a high degree of investment enthusiasm for renting apartment assets, and some buyers use the rental income directly to repay the loan, without any pressure at all, not to mention the unemployment rate in the United States this year.
The decline in the individual home ownership rate has provided good support for the development of rental apartments and greatly enhanced people's confidence in buying houses!
Lin Zitan's previous investment in the East Bronx apartments, not only the house price rose by nearly one-third, but the rent also rose, and the real estate resources that he didn't dare to let go of before were all put on the market this year, and they got a very good price.
In the third quarter of 2016, there were about 1,000 new condominiums for sale in the Manhattan market, which was at a historically low level, and the stock was within the market's digestible range.
The stock of second-hand condos for sale was about 5,200 units, down 1.4% from the previous quarter, and the median price of condos for sale in Manhattan was $1.6 million, up 6.7% from the same period in 2015.
Newly built apartments for sale performed the brightest, with a median selling price of 4.2 million units, up 100% year-on-year.
In 2016 alone, some domestic investors or private real estate investors who cooperated with Lin Zitan bought nearly 100 single-family villas and high-end residences from their companies.
This is also the best year for Lin Zitan's real estate company since its establishment, which may also be the main reason why Hu Enming can take advantage of it, because the speed of performance growth is too amazing, so that people who have never handled so much money are red-eyed.
This year, the few stocks in Lin Zitan's hands, except for the one purchased from the old George's family, rose slowly, and the other stocks also made good returns and rose gratifyingly.
Apple's stock fell slightly this year, closing at $110.38 at the end of the year, but it rose sharply at the beginning of February, and by the beginning of February, it had recovered to around $132.
Rather than dying, the closing price rose to $115.05 at the end of the year, and the opening price also rose after the year, rising to more than $130 in a month.
Gu Ge and Amazon stocks, Lin Zitan holds 100,000 shares each, these two stocks are the best stocks in Lin Zitan's hands, and they all started from $800 at the opening of the year, and they rose dozens of dollars in a month!
By the beginning of 2017, Lin Zitanguang's total capital in stocks had reached as much as 200 million US dollars.
Coupled with his movable and immovable properties, as well as low-rent apartments and commercial buildings with an investment of 300 million, Lin Zitan's net worth is obviously about to reach the edge of the Forbes rich list!
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Lin Zitan was busy from November last year to February of the following year, and the luxurious wedding he took time to create, so he was sometimes so busy that he didn't even have the time to have a good chat with Zhang Jing in China.
Grandpa Lin knew that Lin Zitan was busy, so every time he talked to Lin Zitan on the phone, he would chat a few words, and he urged him to be busy with his own affairs, and his old man turned his head to watch his grandson on Emma video.
During this time, Emma was rare like a little daughter-in-law at home, keeping the house in order, not noisy or noisy, and always trying not to disturb him.
After New Year's Day, I also took my two children with my nanny and Ivani to Florida for a vacation.
Although the two little ones seem to be a little tanned, they both seem to enjoy their first air trip.
"I'll go, I knew you were so busy, we wouldn't have come here so early this year!"
In order to catch up with Lin Zitan's two children for their second birthdays, Zhang Jing flew over from China as soon as the Spring Festival passed, who knew that after he came, he found that Lin Zitan was busy and had no time to take care of him.
"Oh, who made me so hard, I already knew that I would listen to your return to China to invest in the entertainment industry, look at your red face, you must have made a lot of money in the past two years, right?"
Lin Zitan signed out the information in his hand and said with a smile to Zhang Jing, who had a relaxed face.
"Hey~ just make a little money, haha~" Zhang Jing smiled modestly,
Then he couldn't help but say:
"I told you a long time ago, the current domestic investment environment is really not covered, it is much easier to mix than abroad, at least you don't have to work hard like you all day long, and there are many opportunities, I have made money in the past two years, and I have invested in real estate.
There is also a loan, I set up a credit company with a buddy, and the money is not money at all, I will tell you, the profit is like running water, it can really be said that you can count the money and count the cramps, hehe~"
Modesty was not Zhang Jing's character, and now that others are in the United States, even if they try to be low-key and low-key in China, they want to be even more embarrassed after they come out.
It is said that in 2016 alone, China's share of total global credit was close to 25%, up from 5% ten years ago.
China's non-financial debt has grown from about $3 trillion at the end of 2005 to nearly $22 trillion today, while assets in the banking system have grown sixfold over the same period to more than 300% of GDP.
In 2016 alone, net credit grew by more than $3 trillion, still about twice the rate of nominal GDP.
But some economists point out that this rapid growth is often accompanied by increased stress in the domestic banking system. About one-third of the credit boom will eventually end in a financial crisis, and another third will cause late-stage economic growth to be below long-term trend.
"Credit is also considered a venture capital, and it is easier to make money, but to say something you don't like to hear, you have to know how to accept it when you see it, just like buying stocks, there are highs and lows. ”
Lin Zitan put away the things on the table, put on the coat on his chair and stood up, the two families made an appointment to go to dinner together, and Zhang Jing came to urge him to leave quickly.
"This is natural, although it is said that last year's earnings are not necessarily lost this year, but there is still some sense of prevention, there is a buddy who still wants to invest in shares at this time, I told him to wait for you to touch the pillow and the sky is bright!haha~"
Zhang Jing laughed happily after speaking.
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Although spring in New York is always so short, it finally came, with a little bit of indulgence, warm and cold.
Lin Zitan and Emma's wedding was finally set for mid-April, the favorite season of both of them, when spring flowers bloomed and everything recovered, like a blessing for their beautiful married life.
Grandpa Lin and Grandma Lin, as well as the wonderful Lin Musen family, flew over at the end of March, in the name of feeling the spring in New York.
From the moment they got off the plane, Lin Zitan's life became even more hectic, although he had expected it in his heart, but when he really arrived at the moment, it was inevitable that Lin Zitan would sweat, Li Manrui's temper matched Chen Qingqing's temper,
In order to let everyone wait for the wedding to be held smoothly, Lin Zitan really worked hard during this time!