Rebirth of the Financial Crisis Sweeping the World

  Chapter 4 4 I want to make a lot of money right away, and get rich right away!

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

  Father now works in a Hong Kong-funded foreign trade company in Shenzhen (Shenzhen), which is a small factory, does middle-level counting management, and comes back every weekend.

  His treatment in Hong Kong-funded enterprises is still good, 20,000 yuan a month, in 2008, the average monthly salary of employees in Shenzhen City is 3621 yuan, and his father's current salary is still acceptable in Shenzhen City.

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

  Mother’s current income is 15,000 Hong Kong dollars a month.

  Sounds like a good income, haha, there is no qualification to buy a house in Hong Kong Central!

  Furthermore, my parents have not saved much money over the years. In Hong Kong, they can’t afford to buy a house at all. They can only buy a house in the nearby Shenzhen market.

  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. They are used to live or invest in real estate.

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

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

  Now he is doing middle-level management in a Hong Kong-owned factory in Shenzhen. He wants to buy a house in Shenzhen and live in a larger house. Instead of living in a 28-square-meter house in Hong Kong, it’s better to move back to Shenzhen.

  "Shenzhen's prices and consumption are much lower than those in Hong Kong. Should we move to Shenzhen?"

"Let me tell you, Sprite is only packaged differently. It costs 10 to 16 Hong Kong dollars in Hong Kong, 3 RMB in Shenzhen, 8 to 12 Hong Kong dollars for mineral water, and 2 RMB in Shenzhen, and a bottle of Wanglaoji in Hong Kong. 15 Hong Kong dollars, the Shenzhen market only costs 3 RMB"

  Wang Junming began to complain about Hong Kong’s living prices.

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

An ordinary fast food in the Shenzhen market is now only 8 yuan, 10 yuan, which is already very good. It costs 30 Hong Kong dollars to eat ordinary fast food in Hong Kong. Forget the vegetables, meat, and all kinds of goods, they are better than Hong Kong. Cheap.

  But the family is used to living in Shenzhen. The Shenzhen market is very strange, not used to it, and my mother is also working in Hong Kong, so I can’t go to Shenzhen to find a job again.

  Besides, Wang Guanxi is still attending middle school in Hong Kong. Transferring to the Shenzhen market would be a hassle.

  Mo Yunzhen objected: “If I don’t move, I’m used to it. Xizai is going to school, so I can’t transfer it yet.”

   "You buy a house when you buy a house, even if you move."

  Wang Junming thought for a while and said: "Well, then, just buy a house and invest."

  He also asked tentatively. Unexpectedly, his wife was resolutely opposed to moving, so he 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.

  Also, Wang Guanxi is also studying in middle school. It is indeed inconvenient to move to the Shenzhen market. You can't let Wang Guanxi 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.”

  Wang Junming smiled after hearing this: “This time you can make a lot of money when you buy a house and invest in the Shenzhen market.”

  "In the future, I think that the housing prices in Shenzhen may catch up with those 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 moment when the subprime mortgage crisis broke out in the United States. The real estate in the United States is collapsing and will soon spread to the world. The financial tsunami and economic shock are extremely terrifying. Countless companies went bankrupt and households went bankrupt. The housing prices in the Shenzhen market plummeted in 2008. A large number of foreign trade companies closed down.

In the footsteps of history, his dad bought a house in Shenzhen with a loan, and his Hong Kong-funded foreign trade company went bankrupt during the global economic crisis, and he was unemployed. He could not repay the mortgage. He basically lost his money and accumulated so many years of accumulation. , It's gone in a moment.

  Wang Junming asked: "Why not buy it?"

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

   "I bought it now, 5 years, 10 years later, it will definitely be many times over"

  Wang Guanxi: "What I said is, but the real estate in the United States has collapsed. An economic crisis will erupt immediately, spreading to the world, and housing prices in the Shenzhen market will plummet, and Hong Kong housing prices will plummet."

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

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

Wang Guanxi said: "An American classmate said, he said that real estate in the United States has collapsed, and a large number of American families have defaulted, filed for bankruptcy, and threw their houses to the bank. This debt of trillions of dollars is just one thing. The financial nuclear bomb will blow up the global economy and the global housing prices will definitely plummet once this year."

   "Dad, if you want to buy a house for investment, you can buy it after the house price has plummeted."

In 2008, the price range of the Shenzhen Stock Exchange exceeded 40%. Some real estates with a large number of speculators reduced their prices by more than 50%. Many people bought the real estate with loans at that time, which has become negative equity, that is, they sold the houses in their hands. The money paid is not enough to repay the bank loan.

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

  His dad wants to buy a house for investment in the Shenzhen market. He has vision, but having vision does not mean that he can make a fortune.

  Wang Junming was shocked when he heard it. After a while, he took a deep breath and said: "I have waited for so many years to buy a house, and I will be fine after 9 months. Then buy again at the end of the year."

  "It would be great if house prices really plummeted"

  Mo Yunzhen also sighed: "Hong Kong housing prices have not fallen for a long time. Basically, you can't afford a house in Hong Kong. You should buy a house in Shenzhen for investment."

   Then Wang Junming settled the bills and said: "After 10 years, Xizai will be 26 years old and can get married. By then, the house I bought will also increase in value many times."

  Wang Guanxi heard that was sad. 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 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: "Hee, come on, remember to study hard in school."

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

  Wang Guanxi: "..."

  Not to be believed.

   just regarded his words as a child’s fantasy, and he was madly grasping inside.

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

  (End of this chapter)