"Old Zhang, the housing prices in our country have been rising fiercely in the past few years."
Zhang Ruiqiang glanced at Feng Yu: "What, are you saying that you haven't made less money in the past two years?"
Taihua Land, a real estate development company under Taihua Holdings, has integrated all the real estate companies originally controlled by Feng Yu, such as Taihua Supermarket and Bingcheng Pharmaceutical Group. It is now also a quite famous brand in China.
Everyone said that the houses of Taihua Land are of good quality, complete procedures, good properties and not too expensive.
Feng Yu shook his head: "I went to the stock exchange in Magic City yesterday and found that the stocks were rising sharply, but the housing prices were rising even more sharply. Not only the housing prices in Magic Capital, but also in Beijing, Yangcheng, Hangcheng, Pengcheng, etc. They are all going up, don’t you think this will cause people who need to buy a house to be unable to afford a house?”
House prices are rising, and more and more people are speculating on real estate. Various house brothers and house sisters have several, even dozens or dozens of houses under their names.
These houses are obviously not necessities for them, they are used as investments to collect rent.
If it is a property such as a retail store or office building, it is normal to use it to collect rent. Most companies are accustomed to renting offices, which saves much money than buying.
But many people still want to buy residential houses instead of renting them. Buying a house is a home. This is an inherent concept in China.
Nowadays, many young men want to marry a wife. The other party will ask you first, do you have a house? Without a house, what kind of family would you have? Who has ever rented a house from you
The rapid rise in housing prices has nothing to do with these real estate speculators. Of course, Feng Yu believes that there is no strong regulation from above, and poor supervision has a lot to do with it.
Let’s not talk about the real estate speculators, but the developers are also playing dirty tricks.
For example, this person bought a painting with a fake name, then sent it to an auction house, and it was auctioned back at a nominal price of 50 million. Of course, in fact, he did not need to give the auction house that much, and it was done for a few hundred thousand.
This time, with the auction house's appraisal certificate, the fake painting became "real".
Take it to the bank and get a mortgage. The minimum loan is 60%, which means you can get a minimum loan of 30 million!
Take these 30 million, go to auction the land, and then use a shell company to acquire the land, make a development plan, and find the relevant government units for approval.
After getting the approval, what should he do if he doesn't know how to develop it himself? He can't even find a decent engineering team and doesn't have the funds for development
Now we are no longer allowed to use project land for mortgage loans to develop this real estate.
Never mind, sell it. Some are wealthy developers who have no connections and cannot get approval.
After changing hands like this, the original one spent hundreds of thousands and made tens of millions in business.
In order to make a profit, he always has to increase prices. The land is auctioned and the price is relatively high. Does it cost money to go through the examination and approval process and form a grass-roots team? Then you need to make plans, run approvals, procedures, etc. It also costs money, right? Adding in his own profits, the favors he made, bank interest, etc., the price of this piece of land has increased a lot.
The developer who obtained the land did not have enough funds to develop it, so he used other projects as mortgage loans. Moreover, their development cycles generally take more than one year, and some even take three to five years.
It’s not that they definitely don’t have the funds to develop, but they are waiting on purpose. Drag within the time frame allowed by the procedure. Because the money can be used for other purposes, the increase in construction costs will not be large, but the price of land will increase rapidly.
Three years ago, houses of the same quality sold for 5,000 yuan per square meter, but three years later, they sold for 8,000 or 9,000 yuan per square meter. In these three years, he only needs to provide a small part of the funds to guard the venue.
Of course, his land is there and cannot be realized quickly, and his funds are also under pressure, but it doesn't matter, he is not short of money. If you are short of money, you can get a loan.
Plot A cannot be used for loan development to develop Plot A, but Plot A can be used for loan development to develop Plot B.
Developers want to make money, construction parties want to make money, sellers also want to make money, everyone wants to make money, so who makes money, the person who buys the house.
When China regulated housing prices in the previous life, housing prices were already very high. In this life, due to Feng Yu's advance advice, those who speculated on real estate failed to succeed again, but there were too many alternative methods, and Feng Yu could not think of them all.
"Feng Yu, do you think I can take care of this house? Only those who live in Jianbu can take care of it. I don't have the ability to do anything."
Although Zhang Ruiqiang is in the limelight, many people say that he will definitely join the game in a few years, but that will happen in a few years, and Zhang Ruiqiang can't control those things now.
"Old Zhang, you are going to move up in the future anyway. Give your opinion first and save yourself the trouble of cleaning up the mess in the future. Don't worry about it. Just stop the kind of developers who sell projects directly after approval. Also That is to say, the loan amount for the second home should be increased, and the loan for the third home should be raised even higher, and we should not give them the opportunity to support the loan with rent."
"Then we need to check, for people with multiple houses, how did they get their houses? And the vacancy rate is so high, why do we need to develop new buildings? Could it be that those local governments, in addition to selling land, don't have any Are there other ways to generate income? Don’t you know how to develop the economy and make money? Don’t you know how to support some small and medium-sized entrepreneurs?”
"Think about the island provinces back then. The real estate bubble there is still fresh in our minds. Let's look at the real estate bubbles in the United States, island countries, Thailand and other Southeast Asian countries. Once they burst, how big of an impact will there be on the economy?"
"Zhu Tiezhi once asked me whether real estate can become the country's pillar economy. I shook my head at that time. In the short term, real estate can drive many industries and effectively promote economic growth, but if it develops blindly, it will be easy. If false prosperity is formed, it will become a bubble and will collapse!"
Feng Yu remembered that in his previous life, there was a city in the northwest that was rich in cashmere sweaters. After the minerals were discovered, the country was ready to vigorously develop them. Then a flood of funds rushed away, namely real estate speculation.
Until Feng Yu was reborn, there were still many ghost buildings there. Every night in a building, only one or two households have lights on, and some even don’t have lights on at all, not even the property!
What do you think the remaining buildings are for? Even if you mortgage it to a bank, the bank won't be able to sell it. Isn’t the bank’s loss also the country’s loss
The expression on Zhang Ruiqiang's face became serious: "Is the matter really as serious as you said?"
"If no regulation is implemented, it may become more serious!" Feng Yu's words are definitely not alarmist.
Zhang Ruiqiang sighed. He couldn't say he had crossed the line this time. But now that he knows it, if he doesn't do something, he won't be able to get over the hurdle in his heart!
… (To be continued.)