Chapter 160 The Great Hayek
"Where did you get it?" Chen Jingle was puzzled.
Liang Cheng said: "If you see it in the circle of friends, please turn it around."
Chen Jingle clicked and took a closer look-
What a guy!
The huge poster title reads: "Biguiyuan City-National Special Offer for Flash Sale!"
98 Square Lakeside View House, original price of 840,000 yuan, now it is reduced by 200,000 yuan, and the price after discount is 640,000 yuan, only per square meter 6,500 yuan! "If I remember correctly, the price of Chengbang International's fine decoration house is 8300-8500 per square meter, right? Is it down so much?" Chen Jingle was surprised.
After all, the average housing price in Jiangbei is more than 6,500.
Putting aside those remote suburban real estate projects, the average price of the entire urban area should be between 8,500 and 9,000, and particularly good areas will be above 10,000.
For example, Hengda bought by Liangcheng is in the central area of the north of the city. The community is huge in scale, complete surrounding infrastructure, and convenient transportation. It includes large supermarkets, public hospitals, public kindergartens and primary schools, etc.
The price was around 10,000 at that time.
This is the data when Chen Jingle was paying attention to the Jiangbei real estate market before.
Now there is definitely nothing.
The entire Jiangbei is generally declining, or the whole country is declining, and Jiangbei is already relatively lagging behind.
I believe everyone knows what has happened in the real estate market over the past year.
Even if you don't know, you should hear it.
Liang Cheng said: "This is the publicity. You have to go to the scene to see the specific situation."
"There is a high probability that the type of apartment is particularly bad." >
Chen Jingle looked at the apartment type promoted on the poster, but it was not very good.
Liang Chengshen agreed: "I think so."
In fact, this property is not in a good position. It belongs to the suburbs of the suburbs, and the mountainous areas are even worse than Chen Jingle's house. "It's unreasonable to sell it at the beginning." Although Chen Jingle's family is a suburban rural area, it is much faster to get to the city center than this city garden.
But the market was too crazy and blind at that time and there was no reason.
Even in 2023, many people still believe that after the release, real estate will stand up again.
There are so many complaints that Chen Jingle doesn't know where to start if she wants to complain.
With the general decline in housing prices across the country, Jiangbei insisted on not following the trend for more than a year, and even some newly opened real estate projects rose instead of falling, striving to harvest the last wave of leeks.
The reality is that the market teaches real estate developers to be human.
Those newly opened properties, not to mention half of them, can’t even sell one-tenth of them in a year!
When Chen Jingle saw it, she almost laughed and screamed.
That's it?
The sales center can get a bucket of peanut oil in one day and can get a bucket of peanut oil, which may trick many fools, but online signing data cannot deceive people.
The truth is that the housing prices in Jiangbei can no longer hold on.
At this point, those who took over the previous high level began to panic and regret it.
To describe it in an unpleasant sentence on the Internet today, when some people's wealth cannot match their IQ, these wealth will flow back to the market through other ways.
It is said that the masses are blind and stupid, but rationally tells Chen Jingle that they should not be angry with them.
…
Chen Jingle definitely doesn't like real estate projects like Biguiyuan City-Bang International.
He doesn't like ordinary real estate communities.
He lives in a small single-family villa now, so why should he suffer if he buys a commercial house?
There are no children and they have to study in the city.
Not to mention that he is lying flat and has no plans to get married, it will be a matter of several years later when he really gets married and has children.
According to the current development trend, by that time, if the birth population drops below 8 million per year, housing prices will definitely drop to a low point. At the same time, there are too few children of school age, so it may not be necessary to have a house in the city to have a vacancies for school.
Anyway, no hurry.
Liang Cheng also doesn't like him. He already has a house, so he just forwarded it to talk.
When Chen Jingle did not decide to build a house in his hometown before, the two of them discussed buying a house a lot.
Because buying a house is a headache for contemporary young people.
No one's initial dream was this, but social reality forced them to grit their teeth for a house.
If the Liangcheng couple hadn't been able to cover the mortgage loan, he wouldn't have wanted to buy it.
At least I don't want to buy at a high level.
Chen Jingle shook his head: "I'm afraid that I can't sell it even if I lower the price. The current market situation is no longer something that can be solved by price cuts."
With Hengda's lessons from the past, who dares to get on the car now?
Under the vicious cycle, if you get on the car, you will become a soldier who will take over the unfinished building.
"I heard that Biguiyuan is suffering serious losses now. Some time ago, the news said that there was a problem with their capital chain. Do you think it would explode?" Liang Cheng was very curious.
You should know that in the past two years, many industry-leading real estate groups have failed, and it is not bad for Biguiyuan.
Chen Jingle thought for a while: "It's hard to say, let's see if the above will save it. If Biguiyuan is so popular, I'm afraid the subsequent chain reaction will be more than dominoes."
The West back then was back then. The big subprime mortgage crisis is due to optimistic expectations for the continued rise in housing prices in the future, which prompted banks to expand the promotion of housing loans to residents with low credit, resulting in the bubble in the real estate market becoming increasingly large, and finally forming a financial tsunami that swept the world.
Soft landing is the people paying for it. If the people suffer, the people will be punished.
A hard landing means that it affects all kinds of other industries and has a sudden death in the economy.
Which one is self-evident.
"Biguiyuan is afraid that her scalp is numb now. I read the news that Biguiyuan properties in many places are being broken and cleared. I heard that there is too much inventory and it is impossible to sell it at all, so I can only reduce the price. As a result, as soon as the place was reduced, the old owners there started to make a fuss. "Liangcheng just watched the fun.
In fact, the properties he bought also had a certain decline, but it did not drop much.
It was so painful originally, but after hearing that the old owners of this property started to make trouble, they instantly felt that their slight decline seemed to be unacceptable.
Sure enough, happiness is all achieved through comparison.
This is how it is to take over at a high level. There is no way. His parents thought that their son was going to get married. It would be impossible without a new house, so they had to buy one. Anyway, the provident fund can cover mortgage loans.
Don't worry about repaying the loan if you lose money, otherwise Liangcheng would really worry about losing his hair. He had bought a house worth more than one million yuan and had not moved into it yet. He lost more than one hundred and two hundred thousand in two years. .
The scalp is numb!
He and Mr. Zhong may not be able to save so much money in two years.
Sometimes I really want to cry with my pillow.
Liang Cheng is all good, so others are not so lucky. There are many people who lose one-third or even cut halfway.
This is just Jiangbei.
Some cities with worse situations have only one discount on their value.
"Have you pulled the banner?" Chen Jingle was surprised.
Liang Cheng replied: "That's not the case, but it is said that many people gathered in the sales office to say something."
To say something...
No mistakes are made One song, one post, one content, one in one 6, one 9, one book, one bar, one read!
Chen Jingle wanted to laugh a little, but was embarrassed to laugh, otherwise he would seem to be gloating.
At the same time, they are a little pitiful.
To say that the person who poked the lungs was not the case, if these people hadn't taken over at a high level, the housing prices would have dropped long ago. It is precisely because they went one after another that they took over the market, which pushed housing prices higher and higher, creating today's bubble.
They have certainly responsibility.
Just from the perspective of the general public, they are at most participants, not the culprit.
The culprit is the great Hayek.
It was Hayek's invisible big hand that led to such a difficult situation today.
According to the theory of contradiction in materialism, the fundamental reason for the development and change of things is not outside things, but inside things, that is, internal contradictions.
Jiangbei is just a small microcosm, and this situation occurs all over the country.
Chen Jingle couldn't help but sigh.
…
The dynamic lag of Jiangbei's real estate market is largely due to the strong birth rate guarantee.
As we all know,
Nandong Province is one of the most fertile provinces in the country, and western Guangdong is one of the most fertile places in Nandong Province.
Friends from other provinces may be hard to imagine that Jiangbei’s post-90s generation still has many families with three or more children.
Even five babies are available.
When Chen Jingle was in the provincial capital, a colleague once asked about Jiangbei's stereotypes: "I heard that people there are very good people there?"
This is the reality.
Adhering to the attitude of seeking truth from facts, Chen Jingle couldn't refute it even if he wanted to.
The Jiangbei is very poor, and the poorer the people here, the more they want to live.
For them, having children is a guarantee for the future, with a place to rely on and a place to support them.
Because young people here have the habit of "making money for home use".
How much you pay depends on your salary. You will give your parents a sum of money every month. What everyone thinks is that it is not easy for parents to pay for their family for so many years. Now I have the ability to make money. I should turn Come back to me to give back to their homes and relieve them.
It is difficult for people from other places to understand this custom.
The seemingly cultural differences are more caused by the gap between the rich and the poor.
Who doesn't want to give your family tens or millions of pocket money every month after graduation?
There is no such condition!
Southeast Province is a wealthy province, while Jiangbei City is a poor city.
Outsiders think that the developed surface is the urbanization rate that has never been raised, the wages that cannot be increased, and the huge rural land and rural population.
Originally, everyone was squeezing towards the urban area, which created the illusion of prosperity in the Jiangbei real estate market. Now it is just a return of value.
Behind the decline in housing prices, some people are happy and some are worried.
This is all normal.
Chen Jingle feels that if the mortgage cannot be supported, he should sell the house as soon as possible so that the losses can be minimized.
Even if it is broken.
With the idea of "If you don't sell, you won't lose money", when you really can't afford the loan one day, you can't even sell it if you want to. Even if sold, it cannot fill this huge hole.
Chen Jingle was lucky that he held back and did not choose to buy a house, otherwise he would have lost hundreds of thousands of dollars.
On the other hand, if you only bought it now, it would be equivalent to making hundreds of thousands of dollars in two years.
How many people can save this number within two years?
I'm afraid there are very few.
If he really wants to buy it, the whole Jiangbei, the house he can admire is the villa community of Shanhaoyuan, the north side of the city.
He doesn't like living in a high-rise residential building from the bottom of his heart, and the sound insulation effect of going up and downstairs is a very serious problem.
He likes quietness.
The only one who meets this condition is a single-family villa.
The problem is that the villa in Panshan Haoyuan is too expensive, far from affordable by him, an ordinary person. Those who live there are either rich or noble.
Even if he can make millions in the next few years and buy a small apartment, it is unlikely that he can buy all of them.
It's not worth it.
Millions are enough for him to spend the rest of his life freely. Isn’t it good to travel and eat and drink everywhere? Do you have to let a house tie yourself up? "I feel like I'm very likely not going to live there in this life." Chen Jingle sighed.
(This chapter ends)