"Banks have to deal with their loans, otherwise if the banks are forced to take tough measures under the supervision of the higher authorities, it is likely to cause a chain reaction and lead to the bankruptcy of the developers.

The project money can be delayed, but the wages of migrant workers cannot be delayed, and the relevant government departments do not allow him to drag it out, so they must be given an explanation.

With only 10 million liquidity, and no other collateral assets to reduce leverage, I really can't think of a solution. ”

"Huh! Because Manager Wu has never encountered such a thing, and there is no such behavior of leveraging in the operation process of Minsheng Company, it is normal for you to think of it.

These developers have been in this environment for more than a decade, and it is not too complicated to find some regulatory loopholes.

Besides, as long as there are enough benefits, even if there are no loopholes, some loopholes can be created.

This is also the fundamental reason why the higher the price of housing prices is regulated, otherwise, many ordinary people know about the method, such as the policy of collecting vacancy tax, why has it been delayed.

This is all the result of profit-driven, which not only reassures the people, but also does not completely close the door to manipulating housing prices.

This, combined with nationwide environmental inspections, gives developers an excellent reason. ”

Wu Guangliang said suspiciously: "This environmental governance is a good thing for the benefit of the country and the people, why does it have anything to do with the developer?" ”

"The most direct impact of environmental governance on developers is the increase in the price of construction materials such as cement, river sand, steel and bricks.

You see, if the price of cement and river sand doubles, it is normal for the price of my house to double, right? ”

Wu Guangliang nodded and said, "Yes, it should be normal for the cost to double and the house price to double." ”

Liu Mengling shook her head and said, "This is not normal, because in the price composition of domestic houses, the construction cost only accounts for a small part.

Most of the hidden costs do not increase with the increase in construction costs.

Housing prices increase with the increase in construction costs, which in essence brings greater profit margins to developers.

The rise in housing prices coincides with the necessary conditions for developers to speculate.

Just like the previous one, developers can find multiple solutions in an instant.

The easiest way is to follow the trend, create an atmosphere that house prices can only rise through focused publicity, and then increase the sales price of the assets in your hands.

It only takes a 10% increase in the price of assets in their hands to solve the problem of excessive leverage in bank loans. ”

"However, now in many first- and second-tier cities, under the strict regulation of purchase restrictions, the volume and price have fallen, and the housing prices in some places have fallen by two percent.

In such a situation, it may not be easy to manipulate housing prices through such means, right? ”

"Housing prices in first- and second-tier cities have peaked, and there is little room left.

However, there are still opportunities in a larger number of third- and fourth-tier cities.

As long as they have the need, even the housing prices in the fifth and sixth tier cities can become a prop for them to deleverage.

Because the housing prices of two or three thousand square meters in these cities are simply a deep pit of prices compared with those housing prices that often cost tens of thousands.

Therefore, the local government has no incentive to limit purchase and sales, and destocking is their main task.

Coupled with various loopholes in social management, developers can take advantage of it.

If you look at the recent changes in house prices, you can see that there are so many transactions despite the ridiculously high prices.

This is actually a means used by developers to increase the appraised value of those collateralized assets.

They put two or three thousand square meters of houses through some fake buyers to complete the transaction, and then invest a small amount of money to renovate, and then put it on the market in the form of second-hand houses, with a price of 5,000 or even 6,000.

After such an operation, a fund of one million can obtain two million in collateral.

If all goes well, they will only need a small fraction of the capital to obtain enough collateral assets to fill the gap in bank loans.

The remaining funds can be used to pay part of the wages of migrant workers and tide over this difficulty temporarily.

If there are still people buying these houses with a price tag of 5,000 or even 6,000, they are happy to pass on this risk to other buyers. ”

"Fake home buyers?

With the current level of regulation, could they use fake home buyers to close the transaction? ”

"In fact, because there is no real-time unified population information platform in the country, and there is still a serious lag in the laws and regulations related to household registration management.

Therefore, there is such a group of people, the person concerned has died, but for various reasons has not closed the account.

As long as the developer obtains such information through some channels, it is very simple to find someone to fake the identity of these people.

Even in some places, it is not very complicated to give birth to an identity information for no reason, because the national household registration management system is independent, there is no unified standard and norm, and there is no mechanism that can effectively avoid such problems, and it has become a matter for only the parties themselves to know if one person has multiple identities.

Anyway, as long as the transaction is completed, they are not afraid of even if they mortgage all the houses to the bank, because the bank can only auction the house that is not so much of actual value at most.

However, there is no way to recover the mortgage of the house due to the gap in the auction, because as long as the identity of these so-called house owners is carefully investigated, the identity of these so-called house owners has been dead for many years, or there is no such person in the local area, and the bank can only liquidate these irrecoverable loans as non-performing loans.

After all, developers are aware of the risks involved, so if not as a last resort, they will put these kinds of problematic assets last.

By the time the banks or higher-level regulators find out about this problem, the real estate industry is already full of grief, and the collapse has become expected. ”

"On such an important issue, I don't believe that the bank or the higher authorities don't know about it."

"Actually, it's not that they're completely unaware, but because such things involve communication and coordination between many departments, it's not something that any one department can do to understand the scale of this kind of problem.

Moreover, those who are involved in it also know more or less about the cats in the middle, they may be the beneficiaries, how can they expose their scars.

The best thing they can do is to pretend they don't know anything and show up as if they were being tricked by the developers.

As a result, the banks and regulators can only say that he is not strict in his scrutiny, but cannot pursue his criminal responsibility. 2k reading network