A series of combination punches were quickly launched, first suspending the collection of property taxes, and then the central bank cut interest rates, buying a large number of corporate bonds, and at the same time converting debt to equity and lifting purchase restrictions. Pen, fun, and www.biquge.info

This series of measures has stabilized housing prices a little, but during the stabilization period, a large number of real estate transactions have suddenly emerged, whether it is new or second-hand, there have suddenly been a large number of transactions. Among these deals, there is no shortage of low-priced contracts.

The stability did not last for a few days, and soon a new wave of widespread price reductions hit, this time it was already a real large-scale plunge, with house prices in various cities quickly falling by more than 10% in a week.

But at the same time, the price reduction has been even greater, and the transaction volume is shrinking rapidly, and the collapse of housing prices has not only not contributed to the expansion of transactions, but has led to the rapid disappearance of purchase demand. In the face of the collapse in house prices, home buyers are more inclined to wait and see.

At this time, there are few voices in the market that sing more about real estate, and everyone has confirmed the fact that the real estate has plummeted, and the focus of the discussion is nothing more than the question of how deep and how long it will fall. However, the market is generally pessimistic, because the real estate market of the Great Yuan Empire is so large that the total market value far exceeds the total global GDP.

In the context of the collapse of housing prices, many phenomena that previously existed only in history and only in legends began to emerge, starting with a large number of abandoners who no longer paid their mortgages and stopped their losses by giving up their down payments and throwing their houses to the bank.

Followed by a large-scale capital break wave of real estate enterprises, most of the real estate enterprises rely on all kinds of financing and loans, basically no real estate company is strong enough to use 100% of its own funds for real estate development, which will lead to a huge waste of financial costs.

This model is starting to show amazing destructiveness in the context of the property crash, because like financing, if you want to take out a loan, you must need collateral, you must have a guarantor, land, houses, stocks and bonds, the price of assets related to such properties has plummeted, which quickly leads to insolvency, and borrowers start to ask for margin calls, asking for early repayment.

This further led to a shortage of funds, so that the funds of various real estate developers fell into a rupture point, and the capital rupture of one or two enterprises quickly spread through guarantees and other means, and a series of related enterprises were dragged into the water.

Followed by the upstream and downstream enterprises related to real estate, they often have a large number of advances in the process of real estate development, which is also the industry rule, you don't want to eat this industry if you don't advance funds.

As a result, the fall of real estate developers quickly spread along the industrial chain, upstream and downstream, and a series of real estate-related industries were pulled in, including construction parties, design parties, material parties, equipment parties, sales parties, lenders, guarantors, etc.

Housing prices plummeted, so that the steel industry quickly entered a recession stage, and then cement, construction machinery, coatings, hardware and so on.

An unusually large-scale economic crisis is brewing, and the first shock wave has spread out of the country to countries around the world, first with a sharp drop in oil prices, then iron ore, followed by shipping, and almost all international commodities have fallen.

The crisis spread rapidly along the financial channel to the rest of the world, the major stock exchanges of various countries were in the red, all the major stock markets plummeted, in the crisis, those safe-haven assets were sought after, gold and silver soared rapidly, receiving safe-haven funds from all over the world.

The foreign exchange reserves of the Great Yuan Empire fell rapidly like a flood, and the exchange rate of the Imperial Yuan fell again and again, and the downward trend could not be stopped.

In the midst of the monstrous flood, Sun Pengli was like a leaf in a storm, shaken by the impact, and seemed to fall down at any time.

First of all, the bad news came, his girlfriend's company officially began large-scale layoffs, although his girlfriend was lucky not to be included in the layoff list, but was heavily reduced, and the company required her to either accept a salary cut of 3,000 or be laid off.

How could he accept layoffs in the deteriorating environment, so his girlfriend was forced to accept the option of a salary cut of 3,000, and the 3,000 salary cut was exactly the only money left after they paid off the mortgage.

This means that from next month, he and his girlfriend's salaries are just enough to pay off the mortgage, and they won't even have enough money to eat.

But this was clearly just the beginning of bad luck, and before the next month's salary was paid, the bank sent a lawyer's letter. The bank said that because of the recent collapse in real estate prices, Sun Peng used the house he applied for a mortgage as a mortgage The valuation of the collateral has been seriously undervalued, and he was required to add a deposit of 300,000 yuan within a month to make up for the difference in the valuation of the collateral.

This lawyer's letter hit Sun Pengli's family like a bolt from the blue, because in everyone's simple thinking, I borrowed your money, as long as I can pay it back, and besides, my real estate certificate has been pressed to you, I didn't say I wouldn't pay it back, and I didn't breach the contract, how can you ask me for a deposit again?

However, the bank obviously did not negotiate, and after communicating with the bank's lawyer, the lawyer's attitude was very tough, either to make up the value of the collateral, or to forcibly recover the property rights of the house, and go through the mortgage auction procedure.

In other words, if Sun Pengli can't pay this deposit, then not only will the house be returned to the bank, but he will also have to change the loan, and he will become a loser overnight.

Sun Pengli consulted carefully, and he also asked other lawyers, and the banking procedure was no problem. He applied for a loan from the bank with the property as collateral, and the bank needs to ensure that the value of his collateral is always higher than a certain amount, and once the collateral depreciates, he must make up the value of the collateral, otherwise even if he repays the mortgage on time, it still constitutes a default, and the bank has the right to take the property.

And the loan contract has been established, and the collateral has been taken away, which does not mean that the remaining loan does not have to be repaid, and he should repay the mortgage, because the bank's loan contract is signed with him, but with the house, and all repayment obligations are only for him, even if the house is auctioned, as long as the loan cannot be repaid, he has to continue to pay the remaining money.

After the question was asked clearly, Sun Pengli was also completely desperate, because he knew very well that in order to make up for the down payment, his family had overdrawn all the fundraising channels, and now he really couldn't borrow even a penny.

But if there is no money, the bank will take the house, the house that carries all hopes........