Chapter 574: Wave your sleeves
Qiao Feng's newspaper published statistics on residential prices in mainland cities in 88 years.
In 88 years, because of the reform and opening up, especially in Beiping, Shanghi, Guangzhou and other cities, the residential market has the problem of prices and unsalable.
The purpose is nothing more than to curb the chaotic and soaring phenomenon of housing prices, so that there is a law to follow.
This is useless to Qiao Feng, what is useful is the following statistics on housing prices in various places.Qiao Feng also knew for the first time, at this time, the total amount of savings deposits and cash in private pockets in the country is only 550 billion yuan.
In the next generation, it is just less than the sum of the net worth of the two horses.
But at the end of the eighties, this money was already the sum of all the continuations in China, and buying a house at this time, even for ordinary cadres, was like picking stars from the night sky.
Of course, at this time, the housing prices in the mainland are completely cabbage prices for Qiao Feng.
According to newspaper statistics, more than 11,000 main houses were sold in the residential market at the beginning of the year, and the transaction value was less than one-tenth of the saleable housing stock, and no one bought high-rise buildings.
Why is this happening, because the housing prices are too high, to what extent, the highest price per square meter has reached 2,300 yuan, which is staggering.
Housing prices in Peking are even lower, with more than 20,000 square meters of housing newly provided, each square meter is 1,600 to 1,900 yuan, and buying a two-bedroom apartment costs more than 60,000 yuan.
The newspaper also took the high-income college degree at this time as an example, a college student has been saving 50 yuan a month since he joined the workforce, which is already the highest limit, and it takes 100 years to buy a two-bedroom apartment.
Looking at such a report, Qiao Feng was also smacked, but he smacked his tongue because the housing prices in Beiping, Shanghi and other places were too cheap at this time.
More than 60,000 yuan to buy a two-bedroom apartment in Beiping, who would dare to think about it after 30 years, I'm afraid I wouldn't even dare to dream such an unrealistic dream.
Buying a house.
Lao Tzu wants the landlord,.
This house price is lower than the house price in Hong Kong a few years ago when the housing price avalanche due to the Sino-British negotiations, but in the next 30 years, the house prices in these places are not worse than Hong Kong.
Buy him a hundred or so sets of saving, a few decades later, it will be a comfortable life for the public to live.Moreover, I am not afraid of a financial crisis or something, and the career can collapse, but this housing price will not collapse in my lifetime, and it will be left to my children and grandchildren in the future, and it will not be a problem for the three generations of Fuyan.
Qiao Feng thought far ahead, and his movements were not slow, and when he got off the plane, he gave Li Zhi, who came to greet him, the task of buying a house.
At this time, the economic bubble has begun to emerge, and it is almost time to retreat from the investment market even more.
As a mixed entertainment person, even if Qiao Feng is not happy to deal with Yue himself, he has no ill will towards the huge entertainment market of Yue Ben.
It's cool to take money out of the pocket of a little devil.
Since he has expectations for the entertainment market of Yueben, Qiao Feng must not swagger to make a big profit in Yueben, and then withdraw at the last time, then he will definitely be hated by the little devil, and when the time comes, the little devil wants to boycott his movie, and the matter of his company's artists, it will be worth the loss.
Therefore, if you want to retreat, you must retreat step by step, and you must retreat when the situation is unclear, and the hostility of the little devil will definitely be much lighter at that time.
In the past two years, whether it is the stock market or real estate, it has risen to the sky, which is much higher than the housing price in Hong Kong many years ago.
I am confident that I can buy the whole of the United States just by selling Tokyo.
Not to mention the little devil crazy, at this time, the house price is still so high and outrageous.
Since 1985, the nominal growth rate of the country's GDP (in yen) has been only 5.7% per year, while the average annual growth rate of the prices of stocks, residential land, and commercial land has been as high as 31.3%, 14.4%, and 15.6%, respectively.
It can be said that it seriously affects the normal economic cycle.
However, at this time, most of them were optimistic and had infinite fantasies about the future, and they were obsessed with stocks, bonds, and real estate speculation, because the stock market had been rising for 25 consecutive years, and it seemed that the stock market was a myth that would rise forever.
The optimistic view is that as long as the demand for land is high, then the economy will not recession, and the market has encouraged people to keep buying stocks, claiming that they will not depreciate in value. In addition, in order to name this economic prosperity, this media also hopes to recruit names similar to Iwato Boom and Jimbu Boom.
From an economic point of view, the rise in land prices leads to a decrease in the profitability of companies renting land factories or office buildings, so it is reasonable to sell land to buy bonds, which leads to a decrease in demand for land.
According to the theory of supply and demand, prices will eventually converge into equilibrium. However, the company generally implements the practice of calculating land assets at book value, so on the surface, the rate of return of the enterprise has not changed, and the difference between the book value and the actual value has led to an increase in the book property, thus stimulating the more stupid enterprises to pursue the total asset size rather than the rate of return.
In order to acquire land in the vicinity of the metropolis, many large real estate companies will use the power of the underworld to seize land by unfair means, which has led to serious social problems. And remote rural land, which has no potential for profit, has also been hyped up to a high price as a leisure tourism resource. Profits from land transactions are used to purchase stocks, bonds, golf course memberships.
With the rise in stock prices, the consumption boom of high-end cars such as Ferrari, Rolls-Royce, and Nissan CIMA in China has also risen, and Yueben has become the world's largest consumer of luxury goods.
Of course, the most extravagant thing is to buy Rockefeller Yard, and also buy two of the seven Hollywood majors.
But myths are myths after all, and they still look like myths now, and looking back more than a year later, it's a complete nightmare.
People who are familiar with economic theory understand that the market economy is destined to be born beyond the scope of the economic cycle, but the years of the economic cycle are different, and he must go through peaks and troughs. It is a pity that human beings are greedy animals, and who can keep a cool head when the prices of stocks and real estate are rising wildly? Experiencing the infinite stimulation and illusion brought about by speculation, there will certainly be people who will have to bear the losses caused by the bursting of the capital bubble.
Qiao Feng knows that in the last two days of December next year, the average stock price of the stock market will reach a maximum of 38,915.87 points, and since then, it will be the beginning of a thousand miles.
Qiao Feng, who had made billions of dollars in profits long before the Plaza Agreement, has made several times the profits in the real estate and stock markets on Black Monday and in the past few years, and has made a lot of money.
In order not to be disgusted by the big entertainment market, Qiao Feng felt that it was better to close it when it was good, and began to lay out early and leave the market steadily, and in the year after next year, the stock market and real estate will calmly withdraw before the collapse and switch to the same crazy market in the mainland.
With a wave of his sleeves, he does not take away a cloud, but only a lot of money, which is the demeanor of a successful traverser.