Recently, small real estate company on the reports and rumors of bankruptcy wave after wave, can be described as menacing. The overall situation is that banks are no longer lending to real estate companies, do not take no loans, real estate companies through other platforms, it is difficult to borrow, if they have the money banks, it is difficult to have usury. The high usurious interest rates, lower monthly interest rate three points, a high five or six points or more. If the price of real estate companies, is likely to insolvency, if not price, and sell. Obviously, a lot of small real estate company is a dead end.
The problem is that the real estate company debt ratio is too high, ten jars six cover a bank loan to close, probably only two or three cover it. So naturally, money. Money, but also bank loans, so they can only loan shark, or fund-raising, fund-raising by friends and family, raising interest rates high,argentina soccer jersey 2014 at least one or two points is possible to borrow money. The problem is to raise the per se Moreover, they may not be able to sell the house. Then you can only loan shark. Formerly a bank to borrow new-old, with a bridge over what usury, borrow new money out, they also usury, banks often promise you can now borrow new-old, until you put the money one has, the bank where also care about you? Old also, did not even new. So he owes usury, every day is debt collection.
The problem is that in this process, in the end the money gone? Real estate gross profit margin is not as high as sixty five percent of it? Sixty five per cent of the gross margin also covers not always such money? Still not arrived in debt? Why would bankrupt it? Real estate money gone out?
First, developers greed led them to good industry at the time, tried every means from bank loans, how much credit can the loan if the loan is less than their money, wanted something else from other channels taking loans from banks . Try to cheat chant. Second, the Bank closed umbrella on rainy days, bad times in the industry, the principal and interest for their own safety, do everything possible to receivables, charge mobility. Note that the interest rate being charged money, the equivalent of cash in the bank, but also took profits. And the profits for small and medium real estate companies are not low. So he short of money. Third, the key issue here is that house prices are still falling.germany soccer shirt 2014
The original value of 50 million houses, down 20%, it is only the value 4000000000. Prices fell again disparage the value of the property. Originally there were 25 million gross, and now all of a sudden less. Fourth, the local government land, real estate prices in good time, get high. Local governments would have the cash from the hands of the real estate business. Money into the hands of local governments. In 2013, the local government cash up how many million? There are a number of corrupt greedy here, it is not the number of children. But no less than 800 billion estimated Min. This is not to say.
Operation of the law of real estate, this real estate to sell, they may even sell not built to standards, and went to win a piece of land. To a get, you have to pay, and the same area of ??land, with lots, the price would have turned upside down. So cash from local government in the hands of the real estate business. This is the kind of barbaric methods cash, Min has said that the real estate interests of the chain is barbaric plunder. Local government land sales, is to eat a given property, that is barbaric plunder. Otherwise, since 1997, Chinese local government revenue from land sales can I grow from 6.8 billion to 4.125 trillion? Otherwise, how can 61.1% CAGR? We can carefully look from the ages of industry, to see which industries can continuously ten years to grow more than 60% growth. If found, I have to fight his life involved in the industry. Fifth, the original loan funds from real estate cash in the hands of the principal and interest high. real madrid 2014/15 home kit
Many real estate developers get our hands on interest rates as high as 12% to 30% of these are from the hands of developers to put money away. Including real estate funds, trust funds, financial variety and so on. Sixth, when the government took too much money in advance, banks and lenders from the real estate business a lot of cash in the hands of the principal and interest, plus bank loans taken away, coupled with a contraction, this question came up, came there not survive the real estate business. So, now artificially high prices, no way, only the price, arm in order to survive. Survival is the result of a loss, the problem is a loss you have to sell.
2013, government cash 4.125 trillion from real estate, and those places are not worth such a price. There are all kinds of money into the hands of real estate from the estate how much cash trillion? Think of the interest rate becomes clear only 15% to 30%, very scary. I do not know the specific data. But I know, certainly not a small number. But now, they only took his own real estate business. Others are not undertaken. Since the monks ate meat, and that he always had beaten the time. In 2013, the real estate industry as a whole and we have predicted early prices, we expect the industry most likely to have an accident, then the market with one of the good, forty three percent increase in sales, and now anyone can think of it even to this situation ? In the eyes of Min, the real estate is the biggest Ponzi scheme. Local governments, developers, lenders, kind of real people, real estate people together five parties as one of the interests of the chain, they form a community of interests, jointly made a bureau, all buyers who cheated will come, lie all the country's the people, brazil soccer jersey cheap
let them pick up the plate when taken for a ride. They are all of high profits, all the people from three generations to buy a house without food or drink, as well as the happiness of the next 30 years, all smashed in, cheated. People's minds confused by this community of interests torment However, the last lot of people are high up into the cap, but people are also involved in the earlier paper wealth it. But by 2014, the Ponzi scheme does not play anymore, because the whole Chinese investment-led economy relies on game play does not go up, real estate sales and investment growth of the game also does not go on. Min last article, "China's economic upheaval time, path and influence" a death sentence in this mode, then there are real estate article sentenced to death. The interests of the community, sets a cash advance now (now they relieved), no cash from a weak start, we should fall apart, a feather up.
The arrival of this situation, it is worth celebrating. China's economy malignant tumor, and finally to give a little something to cut, this is good. We have rejoicing. In 2010, when Min clearly calculated that the pattern of interests community of interests, clearly calculated pattern of real estate interests throughout the chain of interest, I know this Ponzi scheme will be broken. Only now, the upper way is to make it a slow break, do not have a big impact on the economy. So we see all over in a variety of measures to try to do everything possible to support it, manchester united home kit 14/15 and save it. However, the break is unavoidable, trying to save could not save it. This is the fate of the real estate industry. A community of interests of the country, the common people's well-being plundered of all, no credit only common calculations and fraud, embezzlement naked together just the country's reform and opening up 30 years of wealth. Up and down the country are so hollowed credit industry and market, you have to believe in this industry we can? This virtue, what a pity the dead? A big scam interests, will be played back to the prototype market.