Yanzi Valley of Jingcheng

Chapter 187 Not Mediocre

"I think the industry may not be doing well."

Ren Tianxing replied to Guan Sha on WeChat, and the chat records between the two are as follows:

Ren Tianxing: I checked. In fact, in the past two years, there have been long-term rented apartments running away one after another. It’s just that the companies running away are not big, so there is no disturbance.

Guan Sha: But I feel that the market is still huge, especially those born in the 90s are generally pursuing a better quality of life, and their consumption concepts are relatively avant-garde. my country's rental market will have a scale of 3 trillion yuan, which is a trillion-level market!

Ren Tianxing: [Helpless expression] The market is quite big, but no company has made money...Anyway, I feel that everyone is gambling, and the group buying in the community before was also the same, and gamblers came out of the wind...Wow, I unfortunately said again A first-of-its-kind saying came out! [The expression of the rabbit beating its chest]

Guan Sha: Those thundering companies actually made a wrong idea and wanted to expand wildly. They will definitely lose money if they buy high and rent low. Can I not do this?I don't do any rental loans, so it's fine to earn normal money?

Ren Tianxing: But this industry has been stigmatized like community group buying. If it is stigmatized, people don't believe it...

Guan Sha: Doesn't it all stink?I searched for companies listed on the head, Qingke listed on NASDAQ in the United States a few months ago, and Eggshell listed this month, aren’t they all good?
Ren Tianxing: How about it?Have you read their financial reports?The report has been losing money for three consecutive years, and they still want to expand... Eggshell broke immediately after listing, and the top companies are all mixed up like this, and the non-top companies are even worse.

Guan Sha: ...

Ren Tianxing: (Document) "Report on the Development of the Long-term Rental Apartment Industry"

Guan Sha clicked on the file, browsed through it carefully, and saw a piece of key information: When the occupancy rate of a long-term rental apartment is 95%, the cost of obtaining a house reaches 60% of the rental income, and the EBIT margin is 0%. The proportion of housing costs and the 55% occupancy rate of 65 rooms are the zero point of profitability.

Ren Tianxing: It is equivalent to the house you bought for 55 yuan. You need to rent it out for 100 yuan, and more than 65% of the house must be rented out. Not to make money.

Immediately afterwards, Ren Tianxing sent Guan Sha the public report on the two parents' rental apartments that were listed.

Ren Tianxing: The occupancy rate of Danke’s tenants is only [-]% to [-]%, and the vacancy rate is still relatively high. For those houses that cannot be rented out, the rent still has to be paid to the landlord. The liquidity pressure is very high. In case something bad happens As the vacancy rate increases, the capital chain may be broken. Isn’t the epidemic coming now? I don’t know if it will have any other impact on the rental market, but this kind of respiratory disease is afraid of infection. I guess the shared housing must be cold It's been cold for a while...

关莎此时盯着任天行发来的数据：与业主签订租赁合同后，蛋壳需要翻新、装修再转租出去，这个过程的时常一般需要17至21天。入住率从2017年至2019年，分别是85.8%、76.9%和76.7%。

Ren Tianxing: And there is another question, have you found out that the income of long-term rental apartments mainly comes from the rent and service fees of tenants, but according to their 2017 and 2018 annual financial reports, the average monthly rental income per room is 2439 yuan, 2352 yuan During the same period, the monthly rental cost was 1718 yuan and 1637 yuan. The interest rate difference between renting out and renting in has been narrowing. The financial report for 2019 will be released in a few months. I think this interest rate difference will continue to narrow.

Haven't you heard that in order to collect more rent, Eggshell even partitioned off the living room, in order to rent an extra cubicle to go out...

Qingke used to have a 33.9% interest rate spread, but now it has dropped to 25%. In fact, they do not have high income and low rent, but judging from the financial report, their administrative, marketing and technology expenses are very large, and the rental income cannot cover them. , so in fact it is still a loss.

Guan Sha: ...

After chatting with Ren Tianxing, Guan Sha was in a bad mood, she couldn't help but went back to Yanzi Valley, looking at the passing pedestrians and the bustling market, she stopped at a bus stop for half an hour.

The bus came and went, came and went, and there was an endless stream of pedestrians getting on and off the bus, and everyone seemed to have something on their faces, except for the bus driver who would occasionally stop and look at Guan Sha to see if she was going to get on the bus , no one noticed a woman standing on the side of the street who seemed to be isolated from the world.

Guan Sha couldn't help calling Shen Li's phone: "Sister Shen Li, are you going to do another interview tonight? Hmm...okay, can you bring me? Okay...okay, see you at 9:50 in the evening. "

After putting down the phone, Guan Sha walked slowly on the bustling alley in Yanzi Valley. Although a large part of the farmer's houses here are not "handshake buildings", there can only be three people in parallel between the buildings at the same time. The distance between some buildings is so small that it is impossible for Guan Sha to pass through sideways...

How could there be light outside the window of such a building?Guan Sha looked up.

There are a lot of restaurants on the roadside. In addition to noodle restaurants, sesame seed cakes, wontons and Malatang, the most distinctive place in Yanzi Valley is that there are many restaurants that focus on fast food. Tomatoes and eggs are 5 yuan a piece, and fried vegetables are 3 yuan a piece. The portions are generous, soup and rice only cost 1 yuan, and a total of 9 yuan can be eaten for lunch.

Because Yanzi Valley is an urban village, it has complete supporting facilities, including kindergartens and primary schools, gymnasiums, yoga studios, medical service centers, barber shops, fruit shops, shoe shops, clothes shops, and supermarkets. The prices are also very cheap, basically the same as a small same as society.

15 yuan in the barber shop, 8 yuan on the street;
Liangpi is 8 yuan, and an egg is 9 yuan;
Guan Sha has lived in Yanzi Valley for almost a year, but today is the first time she has observed the lives of people here so carefully and carefully. Her perspective is no longer standing on the 42nd floor, but turning on the 3D Patterns penetrate the crowd.

"Not everyone is the same! Those people downstairs, I tell you, 99% are mediocre." This is what Guan Sha said to Du Jing when she first moved to Yanzi Valley.

But now she feels that she has no right to despise those pedestrians walking on the road, because most of them, like the auditing girl in Shen Li's video, have dreams, have their own vision for life, and are willing to Work hard, even try very hard.

It is precisely because of the efforts of countless "individuals" that the country's economy has developed rapidly.

In this sense, these people should never be defined as mediocre, and should even receive more love and awards.

"Yes, this is my friend's house, not mine."

In the evening, a thin boy sat in front of Shen Li's camera.

"Now I can only go to work during the day and look for an apartment at night. After all, Eggy ran away, and the landlord won't let me continue to live."

"Is it easy to find a house?" Shen Li asked.

"There are a lot of cheap ones, but some landlords are not easy to get along with, and they don't answer me. In some houses, the air conditioner is good when I inspect the house, but I heard from my friends that it will not be cold immediately after running it for half an hour. Some The listings are actually showing some nice pictures..."

"But when it's over, the agent will tell you that it's been rented out, and then recommend another house for you." Shen Li continued.

"Yes, I am often caught by this kind of house. Anyway, what I saw was not the house I saw on the Internet." The skinny boy smiled wryly, "But the house will be found sooner or later. What is more nervous now is that I am still carrying rent. I feel that the responsibility is not mine, and I should not be responsible for this loan, but if I don’t pay it back, they will ask me to put my name on the personal credit report, and I will not be able to get a loan to buy a house or a car in the future... and if I don’t pay it back, I will be charged every day There is a penalty interest..."

"How do you think this incident will affect you?" Shen Li asked, while Guan Sha listened politely.

"My whole life has been disrupted, and my professionalism is almost worn out by these things. To be honest, I also want to buy a house, but now I can't afford it... My parents sold all their properties and I can't afford it. Down payment, but I also want to have a stable place to live, that is the feeling of my own home..."

Before Shen Li could speak, the skinny boy continued, "Actually, I felt that there might be something wrong with Eggy, because the landlord is the kind of person who is in a hurry. In the first month, he came 5 days late after receiving the rent. I found me, but later Dandan called him the rent, so I didn't continue to pester him. In short, in the past few months, Dandan had already shown signs of delaying the payment. At that time, I found them and said that I wanted to Withdrawing the rent, I want to withdraw the rent I paid in advance. At that time, they told me that the cash withdrawal is OK, but it has to be quarterly. After I received the first cash withdrawal, I didn’t receive it. I knew it was too late..."

"So how much rent are you losing now?" Shen Li asked.

"It's about 5 yuan. It's really not easy for me to save more than 5 yuan. I estimate that it will take two years to save. Although Qingyang makes more money, there are many places to spend it. There is no money to save at all. When I first came here The year is almost like moonlight, and now I can only save more than 1000 or [-] a month, and I can’t go to KFC McDonald’s, I can only spend in urban villages.”

"I interviewed another girl before. She reconciled with the landlord and each made a concession. For the remaining months, the two will each share half of the loss. Why didn't you try to talk to the landlord but moved out?" Shen Li asked.

"That's when I met a good landlord!" The skinny boy began to get a little excited, "My landlord, if I don't move, I will cut my home's network cable! Cut off water and electricity, and threaten me with all kinds of smashing doors, and take my life for 5 yuan It's not worth it, think about it, let's move."

Shen Li: "..."

Guan Sha: "..."

When Shen Li and Guan Sha came out of the skinny boy's house, they saw a woman with a shoulder bag at the end of the corridor crying into the phone, "Yes! The landlord changed my lock! What to do! What am I going to do tonight?" ?! My things are all in there! She didn’t answer the phone calls, so she sent me a message telling me to give me the key if I gave the money!”

The woman tried to unscrew the door while talking, but when she couldn't unscrew it, she could only slap on the door panel angrily, with desperate whimpers one after another.

(End of this chapter)