Listening to Wu Guangliang's words, Li Dongsheng was stunned for a moment, looked at Liu Mengling and them with an unnatural face, and thought to himself: This kid is not playing with me, right?

This kind of thing that almost everyone in the industry knows, how can it feel like he doesn't know at all.

However, if he doesn't know the twists and turns in the construction industry, Minsheng Company dares to hand over such a large amount of assets to him to take care of, is it too much money? Or is it too much money?

Liu Mengling looked at Li Dongsheng, took a sip of tea, and said to Wu Guangliang: "Manager Wu, you have just returned to China, and you may not know much about the operation of some funds in China.

For example, in the case of house speculation, in fact, the operation mode of house speculation determines that housing prices cannot fall. ”

"Oh! I really don't know how this house is 'fried', so let's hear it. ”

Liu Mengling looked at Li Dongsheng in embarrassment, turned sideways to Wu Guangliang and whispered: "Flipping a house is a metaphor, its essence is to raise the house price with less money, and then profit from it." ”

Looking at the confused look in Wu Guangliang's eyes, Liu Mengling knew that he might not know how to speculate tenants.

I had to explain to him again: "The behavior of flipping houses generally occurs between a relatively close group, so such a group is called a 'house flipping group'."

Their basic method is like this, if you and I each have a house, worth 200,000 yuan.

We can make a fuss about this, you sell me your house, and I sell my house to you.

It's just that in the process of buying and selling, the value of these two houses becomes 300,000, or 400,000.

But in the process of buying and selling these two houses, we did not pay in full, but mortgaged.

According to the loan policy of different periods, we can even get a loan of more than 300,000 yuan from the bank with only a down payment of 80,000 yuan and the ownership of these two houses.

If everyone is an acquaintance in the same circle, even the down payment of 80,000 yuan can not be given, because they can offset each other.

My house is sold to you, your house is sold to me, and it turns over like a stir-fry.

In other words, after such a 'speculation', a house that was originally only worth 200,000 yuan got more than 300,000 yuan in cash, which is much more cost-effective than selling a house, and there is no risk. ”

"The bank would be so stupid to exchange more than 300,000 yuan in cash for a house worth only 200,000?"

"Then where do you think the more than 70 billion illegal credit came from?

How could ordinary people do such a thing if there were no connections.

Moreover, when they raise the house price, some people who do not know the truth will also join the rush to buy, and eventually become the pick-up man.

As long as this kind of property speculation can continue, the property speculation group can continue to make huge profits.

Originally, the total amount of funds of the real estate speculation group was limited, and if they only relied on their own funds, the impact on the entire financial industry and the real estate industry was not large.

However, due to the huge profits of property speculation, the property speculation group has come up with a way to obtain a large amount of capital financing.

They set up microfinance companies to get money from ordinary people at much higher interest rates than banks.

In order to circumvent the supervision of the relevant departments, they call this behavior financial management.

Increasing the financial income of the people is something that the central government encourages, and the relevant departments in your local area can't hold back.

They used high interest rates to kidnap a large number of ordinary people onto their chariots.

Once it becomes a climate, before their capital chain is broken, all the people involved in financial management will become their free helpers, leaving the regulatory authorities helpless.

A few years ago, a large-scale outbreak of wealth management companies' capital chains broke and ran away, which has been reported from time to time, and the supervision of this industry has gradually been standardized.

Since the tightening of supervision, the source of funds for property speculation groups has been greatly restricted, so it is now difficult to see the situation of buying one building at a time in the past.

However, developers have been inspired by the behavior of the property speculation group, and some developers have even changed from the previous property speculation group, but with a more accessible identity.

They directly used the housing in their hands, cooperated with the contacts of the banking department, and directly mortgaged the repaired houses to the bank at a high price in the form of mortgages.

As a result, even though a real estate project has not sold many houses, it is told that there are no more houses.

Developers are even willing to sell all of their listings to banks if possible, as that would make the payment faster.

However, the banking sector is also regulated, and the price of a real estate is not determined by the developer, but by the market.

Therefore, the developer must take out a portion of the property and sell it at a price that they think is reasonable to be able to prove that their home is really worth the price.

In this way, the bank's related party will not bear much responsibility, because when applying for this mortgage, the house in this property is indeed worth this value.

However, the profitability of property speculation is based on the rising housing prices, which is completely a game of beating the drum and passing the flowers, but I don't know whose hands it will fall on.

Once the value of the collateral declines and the safety of the loan funds can no longer be guaranteed, the relevant regulatory mechanism will be activated to require the bank to reduce the risk of the funds, which is deleveraging.

There are two main ways to deleverage the real estate industry.

One is to have the developer repay the loan in order to reduce the size of the loan.

The second is for the developer to increase the value of the collateral so that the collateral matches the loan amount.

If it weren't for the exposure of some problems, it might have come much later.

However, the successive emergence of serious debt and illegal credit problems in several banks indicates that the game of beating the drum and passing the flower has come to an end, so that the relevant departments have to be forced to start the measure of forced deleveraging.

In such a situation, almost all industries that have been overleveraged in the past will be subject to strict supervision from the regulatory authorities at the same time, and the real estate industry will bear the brunt. ”

"Since the leverage used to be too high, the developer will repay part of the loan and reduce the loan size."

Liu Mengling smiled and said, "Manager Wu, if you are this developer, your loan size is 100 million, and the total value of your assets is only 90 million.

The banking industry needs to deleverage, requiring you to add $10 million worth of collateral or repay $10 million worth of loans.

But you only have 10 million working capital in your hands now, and you still owe the project money of the foreman of all sizes and the wages of the migrant workers, what should you do? ”