Rebirth of the Financial Crisis Sweeping the World

Wang Junming said: "In Shenzhen, the housing prices in Shenzhen are much cheaper than those in Hong Kong. A down payment of 20% is enough. I plan to make a down payment for a house in Shenzhen."

My father is now working in a Hong Kong-funded foreign trade enterprise in Shenzhen (Shenzhen). It is a small factory, doing middle-level counting management and coming back every weekend.

His salary in Hong Kong-funded enterprises is still good, at 20,000 yuan a month. In 2008, the average monthly salary of employees in Shenzhen was 3,621 yuan. His father's current salary is still acceptable in Shenzhen.

However, according to the exchange rate between Hong Kong dollar and RMB in 2008 (1:0.84), it is 23,000 Hong Kong dollars.

My mother's current income is HK$15,000 a month.

Sounds like a good income, hehe, I don't even have the qualifications to buy a house in Central, Hong Kong!

Moreover, my parents have not saved much money in these years. In Hong Kong, it is impossible to buy a house, so they have to go to the nearby Shenzhen market to buy a house.

Because you can live in a bigger house!

Many Hong Kong people do this. Basically, many Hong Kong families own real estate in Shenzhen, Dongguan and Guangzhou to live in or invest in real estate.

Since the 1980s, many middle-class Hong Kong people have started businesses in the Pearl River Delta, opened factories, and made a lot of money.

Wang Guanxi's father, Wang Junming, is a native of Shenzhen with a registered permanent residence in Shenzhen. He came to Hong Kong to work when he was young, and later married his mother.

Now he is a middle-level manager in a Hong Kong-owned factory in Shenzhen. He wants to buy a house in Shenzhen and live in a bigger house. Instead of living in a 28-square-meter house in Hong Kong, it is best to move back to Shenzhen.

"Prices and consumption in Shenzhen are also much lower than those in Hong Kong. Why don't we move to Shenzhen?"

"I tell you, Sprite, just the packaging is different, it costs 10 to 16 Hong Kong dollars in Hong Kong, but only 3 yuan in Shenzhen, 8 to 12 Hong Kong dollars for mineral water in Hong Kong, but only 2 yuan in Shenzhen, a bottle of Wang Laoji in Hong Kong 15 Hong Kong dollars, only 3 yuan in Shenzhen”

Wang Junming began to complain about the cost of living in Hong Kong.

It’s true that in Shenzhen, prices and consumption are much cheaper than Hong Kong. The house price is also cheaper. The place is big and the house is big. He lives in the company’s staff dormitory, which is bigger than the house at home, and rents a single room for 800 RMB. , are very good, and it is bigger than the house at home, renting an ordinary single room in Hong Kong costs 4,000 to 6,000 Hong Kong dollars.

Eating an ordinary fast food in Shenzhen is now only 8 yuan, 10 yuan, which is already very good. In Hong Kong, it costs 30 Hong Kong dollars to eat ordinary fast food. Forget vegetables, meat, and various commodities, it is more expensive than Hong Kong. cheap.

However, the whole family is used to living in Shenzhen. The Shenzhen market is very unfamiliar and unaccustomed, and my mother also works in Hong Kong, so I can't go to Shenzhen to find a new job.

Moreover, Wang Guanxi is still in middle school in Hong Kong and transferred to Shenzhen, which is very troublesome.

Mo Yunzhen objected: "If you don't move, I'm used to it here. Xizai has to go to school, so I can't transfer school."

"If you buy a house, just buy a house, and forget about moving."

Wang Junming thought for a while and said, "Well then, it's just an investment in buying a house."

He also asked tentatively, but he didn't expect that his wife was firmly opposed to moving, so she would not move. Moving is really troublesome. Anyway, I have lived in this small house for so many years, and I am used to it.

Moreover, Wang Guanxi is still in middle school, so it would be inconvenient to move to the Shenzhen market, so Wang Guanxi should not be allowed to live on campus.

Wang Guanxi smiled and said: "Dad, daily necessities are usually very expensive in Hong Kong, and luxury goods are cheaper in Hong Kong, so Hong Kong is a paradise for the rich."

After listening, Wang Junming smiled and said: "This time I can make a lot of money by buying a house and investing in the Shenzhen market."

"In the future, I think the housing price in Shenzhen may catch up with the housing price in Hong Kong. I have already negotiated with the bank and plan to pay a 20% down payment to buy a 2 million house."

At this time, Wang Guanxi said: "Dad, don't buy a house in Shenzhen this year."

This year is the time when the subprime mortgage crisis in the United States broke out.

Real estate in the United States is collapsing, and it will soon spread to the world. The financial tsunami and the economic shock are extremely terrifying. Countless companies go bankrupt and families go bankrupt. The housing prices in Shenzhen plummeted in 2008, and a large number of foreign trade companies closed down.

Following the footsteps of history, his father took out a loan to buy a house in the Shenzhen market, and then his Hong Kong-funded foreign trade company closed down in the global economic crisis. He lost his job, and he also repaid the mortgage. Basically, he lost everything. After so many years of accumulation , it's gone.

Wang Junming asked, "Why don't you buy it?"

"Now the housing prices in Shenzhen have been rising, and its housing prices are still very low"

"Buy it now, 5 years, 10 years later, it will definitely double many times"

Wang Guanxi: "What I said is, but the real estate in the United States has collapsed, and the economic crisis will soon break out, affecting the whole world. At that time, the housing prices in Shenzhen will plummet, and Hong Kong's housing prices will also plummet."

"You can buy more at the end of the year, there is no need to rush now"

Wang Junming asked, "Where did you get the news?"

Wang Guanxi said: "An American classmate said, he said that the real estate in the United States has collapsed now, and a large number of American families have defaulted, filed for bankruptcy, and threw their houses to the bank. This trillion-dollar debt is a A financial nuclear bomb will collapse the global economy, and global housing prices will definitely plummet once this year.”

"Dad, if you want to buy a house for investment, just buy it after the price plummets."

In 2008, the price range of the Shenzhen market exceeded 40%. Some real estates with many speculators had their prices reduced by more than 50%. Many people bought the real estate with loans at that time, and they had become negative equity, that is to say, they sold the house in their hands. Not enough money to pay off bank loans.

After the financial crisis spreads to the world, the average price of housing prices in Shenzhen will drop to around 10,000 per square meter, and after 10 years, it will rush to 54,000 square meters. In expensive areas, it will exceed 100,000 per square meter.

His father wanted to buy a house and invest in the Shenzhen market. He had vision, but having vision did not mean that he could make a fortune.

Wang Junming was startled when he heard it. After a while, he took a deep breath and said, "I've waited for so many years to buy a house. It's fine to wait another 9 months. Then I'll buy it at the end of the year."

'It would be nice if house prices really plummeted'

Mo Yunzhen also sighed: "The housing prices in Hong Kong have not fallen for a long time, and it is basically impossible to buy a house in Hong Kong, so let's buy a house and invest in Shenzhen."

Then Wang Junming calculated the account and said, "After 10 years, Xi Zai will be 26 years old and can get married. The house I bought will also increase in value many times."

Wang Guanxi was sad to hear that, because it turned out that his father had this plan in his heart.

He swears in his heart that he will let his parents live in a big villa this year, a big villa in Shenzhen!

Then he said: "Dad, you don't have to worry about me getting married in the future, I will make a lot of money, I will buy everything myself, and I will let you live in a big villa!"

Mo Yunzhen immediately gave Wang Guanxi a piece of pork belly: "Xi Zai, come on, remember to study hard at school."

Wang Junming said truthfully: "Don't dream, you should study hard now, and get into the top 50 of the school first! Remember not to fall in love early!"

Wang Guanxi: "..."

Not to be believed.

It's just that his words are regarded as a child's fantasy, and his heart is mad.

I want to make big money right away, get rich right away!