After ending the call with Kenichi Sagawa, Ning Weimin called Aoba Real Estate and contacted Miyoko Kagawa, who was also at work, intending to explore the current Japanese property market.
The information he obtained from Miyoko Kagawa once again proved that the Japanese stock market is crazy, and so is the real estate market.
As we all know, the most important turning point of the bubble economy was after the Plaza Accord in 1985.
From 1985 to 1986, in just two years, the average land price across Japan nearly doubled.
Tokyo is even better, with the number nearly tripling.
You know, the average price per square meter of land in Tokyo's business district in 1984 was 1,333,000 yen (assuming that 1 US dollar = 238 yen in 1984, it was 5,600 US dollars).
In just one year, the average price per square meter of land in Tokyo's business district rose to 1,894,000 yen (assuming the average price in 1985 was 1 US dollar = 238 yen, it was 7,958 US dollars).
This is roughly equivalent to a 42% increase in one year.
By 1986, the average price per square meter of land in Tokyo's business district had reached as high as 4,211,000 yen (assuming the average price in 1986 was 1 US dollar = 168 yen, it was 25,065 US dollars), compared with 1985 An increase of 122%.
Especially in the three core areas of Tokyo, Chiyoda, Chuo-ku and Minato-ku, the transaction prices of land and houses are incredibly high, far exceeding the average prices in other areas of Tokyo.
Among them, Toranomon, with its skyscrapers in Minato City, and Ginza, with its famous shops in Chuo District, saw the largest increases.
For example, the land in front of Hatojudo in Ginza 5-chome, Tokyo, was recently traded at 38 million yen per square meter, breaking the price ceiling and people's perceptions, and became the king of land in Tokyo.
Converted into US dollars, that’s more than 200,000 US dollars per square meter!
This shocked all international speculators involved in real estate speculation in Tokyo!
It almost blinded their eyes.
And this year, not only have land prices in central Tokyo accelerated at an abnormal rate, but similar phenomena have also gradually expanded to other remote suburbs of this metropolis.
Adachi Ward, where housing prices have always been at the bottom, now has an average price of over 400,000 yen per square meter.
This also surprises Japanese citizens who want to buy a house.
You must know that two years ago, buying a house here only cost 160,000 yen per square meter.
Buying a 60-square-meter house costs only 9.6 million.
Based on the annual salary of 4 million for graduates of the University of Tokyo, it only takes three years of income to buy it.
Now even if you don’t eat or drink, it will take ten years.
What supports the rise in land prices is first of all the expectations of the Japanese people.
Japanese people believe that "as Japan's economy grows, Tokyo will become the financial center of Asia."
Businesses from all over the world gather in the center of Tokyo, hoping to have a presence here.
As the economic value of land increases, land prices will naturally rise accordingly.
In addition, there are measures by the government to allow bubbles and invest heavily in infrastructure construction.
This year, in addition to the Bank of Japan repeatedly lowering the benchmark interest rate, resulting in excess financing and currency flooding.
On September 19, 1986, Japan’s Economic Countermeasures Cabinet Meeting approved a “Special Comprehensive Economic Countermeasure” totaling 3.632 billion, of which 2.8 trillion was used for the construction of large public buildings, facilities and roads. .
This also means that the "New Capital Renovation Plan-Multi-core Joint Urban Area Construction Draft" proposed by the Metropolitan Development Bureau under the Japan Land Agency in 1985 is likely to begin to enter the substantive stage. .
So under this strong expectation, people rushed to buy land, and people from all walks of life rushed to develop it first.
Words such as "demolition" and "land resale" are also becoming increasingly popular.
Demolition refers to the acquisition of land that was previously densely populated with low-rise buildings and razed it to open space for future construction of high-rise buildings.
Land rights relationships in urban centers are often complex and require considerable effort to convert them into vacant land.
Large real estate development groups usually do not come forward in person, but ask subcontractors to do preliminary work, so many "demolition teams" of unknown origins have emerged.
Resale of land means buying a plot of land and then reselling it.
Land prices continue to rise, and huge profits can be made by buying and selling.
Using land as collateral, you can also easily obtain a loan from a bank, and you can make a profit by transferring money with almost no money.
Many companies have joined this industry in order to make huge profits.
The term "pencil building" even appeared at this time.
It refers to the construction of a five-story, pencil-slender building on extremely narrow land.
In short, these new words that appear along with social forms are like everyday words, spoken and heard everywhere.
Ning Weimin's apartment building in Akasaka, Minato District, was undoubtedly targeted by "predators" who had received relevant information in advance for these reasons.
Given that the current price of apartments in the Akasaka area has risen to about 10 million yen per square meter, it is already equivalent to 60,000 US dollars.
Ning Weimin suddenly understood why this architectural firm that wanted to acquire an apartment building was so anxious that it started to use any means to force it.
After all, the rise in housing prices has been unstoppable, and the longer this matter is delayed, the more detrimental it will be to their acquisition.
Considering the area of the entire building, maybe if the house price increases by one million yen, it will cost them several billion more.
To be honest, if it were him, he would have to be anxious.
So for your own safety and for the overall long-term interests.
Even if he can't get the maximum profit from this apartment, even if it is troublesome to move and change the office location, he has already made up his mind to sell the apartment in Akasaka.
This is something that can't be helped. As the saying goes, a good man will not suffer immediate losses, and a strong dragon will not overwhelm a local coward.
Who makes him a foreigner? If you want to make money on other people's land, you have to give in.
So in the current situation, the only thing he can do is to discuss it with Axia and see if he can turn to the Daochuan Society behind Axia to strengthen his momentum and negotiate a better deal. transaction price.
Thinking of this, Ning Weimin thanked Miyoko Kagawa for providing him with the information, and planned to hang up the phone.
After all, work time was coming, and he didn’t want to interfere with other people’s business.
Unexpectedly, it was Miyoko Kagawa who asked him not to hang up the phone yet, claiming that she still had something to say to him.
"President Ning, I... Yujiro and I finally bought our own apartment, and the bank loan has been approved." Ning Weimin waited quietly for a moment, and finally came the call from Xiangchuan on the phone Miyoko's beaming voice.
This news surprised Ning Weimin.
Originally, he thought that Miyoko Kagawa and Yujiro Sakai, who were born poor, were reluctant to pay interest and were afraid of taking on debt, so they had to save enough money to buy a house.
Maybe they will suffer a big loss in this matter because of the limitations of their personal knowledge.
No way, the Japanese are just brain-brained, and their thinking and concepts are not as easy to change as the Chinese.
He has advised this kind of thing several times, but it is not easy to persuade him. After all, it is everyone's own choice. It is over when the righteousness of friends is fulfilled, and it is not good for him to overstep his will.
"You finally decided to buy a house? Is it because the loan interest rate has dropped?"
Ning Weimin quickly thought of the real reason.
Sure enough, Miyoko Kagawa admitted it.
"Yes. Yujiro and I did the math and found that the loan is now more than half cheaper than last year, so we made up our mind."
"Okay, okay, this is a good thing, congratulations. Where did you buy it?”
“Just in Kameido, in the north of Koto District”
Kameido is an ancient Shitamachi community in Tokyo, and the main transportation hub allows easy access to Tokyo and Chiba. between.
Kameido and Kinshicho (Sumida Ward) are collectively known as the "Kameido-Kinshicho Vice City Center" and are the main shopping district in eastern Tokyo. The area around the station is prosperous and lively.
Ning Weimin has been there and knows that it is not far from the central district. It is convenient for Miyoko and Yujiro to go to work, and the local rental prices are relatively affordable.
Although it is not one of the six future core districts of Tokyo, considering the housing prices and practicality, it is undoubtedly a very cost-effective place.
“The place I chose is good. I am a real estate agent. What type of house is it?”
“It is a one-family house.”
"Oh! That's amazing!"
Ning Weimin couldn't help but exclaimed. There are roughly five types of houses in Tokyo, including single-family houses, group land, apartments, dormitories, and farmhouses.
Although in the minds of Tokyoites, high-end apartments, especially high-rise apartments, are the most popular among all residences because of their good services, good facilities, and garbage rooms and other benefits, the size of the apartments Often not big enough.
And some apartments may not have land rights, which is definitely not ideal for transaction benefits.
One-family building is different. As long as the land is not too strange, the smallest one-family building area should be more than 100 square meters.
Moreover, when Miyoko Kagawa bought a house for herself, the land rights must be included.
This is undoubtedly the biggest wealth opportunity that can change these two poor children.
As expected, even though Miyoko Kagawa said such modest words as "No matter what, I can't compare with you", she couldn't conceal her pride and satisfaction and introduced herself to Ning Weimin. Detailed information about the house.
“Not far from the station and commercial district, just turn a street and you will find Kameido Ten Shrine. The whole yard is 25 square meters in size. The orientation of the house is also very good. However, the area of the house must be small. Some, the actual area of the house is only 160 square meters on the upper and lower floors. Fortunately, there are many rooms, so we can accommodate our parents from the countryside in the future. "
" That’s great. How old is the house?”
"It's very good, because the owner of the house had just completely renovated it the year before last. Yujiro and I checked the work carefully. The circuit is safe and the water is smooth. The eaves and gutters are in good condition, and the copper decoration on the outside of the house is also very eye-catching. But no matter what In this way, the house definitely needs to be remodeled according to my own wishes.”
“Oh, that’s okay, this will save a lot of money. However, I was shocked, it was bigger than I thought. . ”
“Haha, to tell you the truth, we have been thinking about this for a long time. Speaking of which, the large area means high expenses, and our income is not fixed, so it took a lot of courage. Of course, the most important thing is because of your blessing. We completely believe in President Ning’s judgment that the house will continue to rise before we sell it.” Wrong purchase. But I'm curious, Miyoko, how much did you negotiate for the house you chose for yourself?"
"Well...it should be considered a business secret."
< br>
"Oh, I'm sorry, I was rash. If it's inconvenient, then..."
"Haha, actually no, I was joking with you, president. Regarding the price, yes Of course you don't need to keep it secret. Well, this house was put up for sale in the first half of this year. The owner was greedy and asked for 10% more than the market price. He kept adjusting it as the house price rose, so it never sold it. Go out. But just last month, the landlord suddenly died of a heart attack when he was dining out. It was also heard that the landlord had a concubine and an illegitimate child. So the landlord's wife, the wife, died. In order to avoid the loss of property, the widow asked to reduce the price and sell it as soon as possible. According to the reasonable price at the time, the house should be about 2.4 million yen per square meter, and Yujiro and I paid about 50 million yen. It was bought with a bank loan of 35 million yen, but now the market price of this house has risen to 2.8 million yen."
Speaking of which, Miyoko Kagawa said again. He couldn't hide the joy in his heart and laughed happily.
Ning Weimin couldn't help but joked, "Ah, I'm so envious. The house you bought is so worth it. You've earned 20 million yen in just a few days."
< br> "That's not true. I can't compare to you, President Ning, in any case. I won't say how many properties you have in your name. The location alone is enough to make us envious. Your apartment in Akasaka is currently At the market price, you can buy at least ten houses like ours.”
"Then I don't care, you want to treat us anyway."
Ning Weimin was joking, but he was really happy for Miyoko Kagawa.
Speaking of which, although you still suffer a lot of losses when buying a house now, the speculation during the bubble period was nothing more than a game of getting rich first and then getting richer, with the spoils being distributed unevenly.
Running into the field at this time can be regarded as correcting errors in time, which is much better than not entering the field at all.
Rising asset prices will eventually lead to an increasingly alarming gap between rich and poor.
People who own stocks or real estate have become the new rich class, and people without these assets have become the new poor class.
In addition, most of the gains brought by the bubble were taken away by insiders, while all the losses caused by the bubble fell
on outsiders.
Thus, the myth of "classlessness" has been shattered.
And to be fair, Miyoko's career has indeed exerted a lot of power. Being able to buy it at this price can be regarded as a big advantage.
You can’t always buy at the most suitable price. Frankly speaking, compared to other ordinary people, Miyoko Kagawa and Yujiro Sakai are really lucky.
At this time, Miyoko Kagawa also announced another piece of good news.
"No problem, President, even if you don't mention this matter, we will still invite you. Who made you strengthen our belief in buying a house. In fact, we have been waiting for you to come and visit when you are free. Where is our house? And to be honest with you, Yujiro and I have decided to get married. We both sincerely sent the invitation with our own hands, hoping that you can attend our wedding."
Ning Weimin couldn't help but think again. He was stunned for a moment, but then he realized what he was doing and congratulated him even more enthusiastically.
But then again, who said Japanese people don’t care whether they buy a house or not when they get married?
Did these two people obviously get married after buying a house?
In any case, this is the result of cultivation, and I am luckier than myself.