Entering 1993, the mainland's real estate market has become increasingly hot. In particular, housing prices on Hainan Island have skyrocketed, with one price per day.
In 1991, the average house price in Hainan was 1,400 yuan per square meter; by the end of 1992, the average house price had risen to 5,000 yuan per square meter; by 1993, it was even worse, once soaring to 7,500 yuan per square meter... …
Such a surge has attracted countless capitals to pour into Hainan and into the real estate market, which has also caused the national real estate market to rise along with it.
However, Xiang Nan knows that when the moon is full, it will lose money and gain will not last long. The real estate market is soaring and the bubble is too big, which is very dangerous.
If such an uncontrolled rise continues, it is destined to be a doomed situation in the end, and everyone will lose, so the country will definitely take action to curb it. Therefore, he told Chunming to sell his properties at a discount and get the money back as soon as possible.
"Jianjun, house prices have risen sharply now. It's too late for us to raise prices. If we offer discounts and promotions, won't we lose money?" Chunming asked in confusion.
"House prices are rising sharply now, but the key point is that they are too sharp, far exceeding the increase in people's income. Therefore, if they continue to rise and no one takes over, they will definitely fall." Xiang Nan nodded and said, "The lessons from Japan's real estate bubble are not far away. We have to be on guard against it. Fortunately, even with discount sales, we also have enough profits, so it’s better to just settle down.”
Japan's real estate bubble had just burst in 1991. Prior to this, Japan’s housing prices had grown for two consecutive decades. In particular, housing prices in Tokyo increased sixfold in six years from 1984 to 1990, which is simply scary.
Therefore, it attracted countless real estate speculators to follow suit. At the peak of enthusiasm, the price of the entire Tokyo real estate market could buy the entire United States. This is of course extremely unreasonable, so the Japanese real estate bubble will inevitably be burst.
As a result, the collapse of the real estate industry caused Japan's economic collapse, which lasted for two decades and was called the "Lost Twenty Years."
Chunming heard this and nodded.
To be honest, he also feels that the current housing prices are a bit outrageous.
Nowadays, the annual income of Chinese people is only 3,000 to 4,000 yuan, but housing prices in Beijing have risen to more than 2,000 yuan. An ordinary person's annual salary is enough to buy one square meter. To buy a house, you have to save money for a lifetime, which is of course very unreasonable.
Therefore, he felt that what Xiang Nan said made some sense.
…
Kunpeng Real Estate immediately started discount promotions.
In the eyes of other colleagues, this is simply the behavior of a fool.
"House prices have risen so much now that the price changes every day, but they want to offer discounts and promotions. What a fool. You can't even make money if you have money~"
"This project is worth at least 60 million, and they are actually willing to sell it for 50 million. It's like giving everyone money! They are not fools, they are the gods of wealth~"
"We will take whatever Kunpeng Real Estate sells. Now that house prices are rising day by day, you will make a profit if you buy it. Bank loans are convenient anyway."
Colleagues took action one after another and took over the business generously.
At that time, due to the prosperity of the real estate industry and the lack of supervision in the banking industry, it was very convenient to obtain loans for real estate-related projects. Even banks are begging customers for loans, ranging from tens to hundreds of millions.
Because of this, Xiang Nan's real estate projects were sold out very quickly. They were all sold out in less than three months, withdrawing a large amount of funds.
Only some land and office buildings in prime locations remain unsold. But those were the highest quality assets, and Xiang Nan was not ready to sell them.
…
"Chunming, please remind Su Meng again, let her seize the time to sell, and don't miss the opportunity to get off." After solving his hidden danger, Xiang Nan said to Chunming.
After losing the project of the Second National Cotton Factory, Su Meng did not give up on the real estate industry in the capital. Instead, she continued her efforts, found several projects, and invested huge sums of money to prepare for their construction.
At that time, her business methods were similar to Xiang Nan's. They all use loans to buy land and sell off-the-plan properties to repay the money. After several rounds of twists and turns, the development of Taolue Real Estate was in full swing, but it also owed a lot of debt.
Anyway, now that he has landed, if he reminds her kindly, it will be regarded as a good relationship.
Chunming nodded.
He and Su Meng haven't spoken to each other for nearly a year since the incident at the Second National Cotton Factory last year. Now is an opportunity.
Then he found Su Meng and reminded her.
"Chunming, you and Cheng Jianjun really have never seen the world. The housing prices in the capital are so low, but you feel that you can't afford it." Su Meng curled her lips after hearing this.
She has stayed in Xiangjiang for seven years and has seen with her own eyes how the housing prices in Xiangjiang have increased, which is much scarier than the housing prices in Beijing. Even so, housing prices in Xiangjiang did not fall, so it was the turn of housing prices in Beijing to fall.
Moreover, in recent years, the capital has been developing faster and faster, and the economic situation is excellent. Moreover, as more and more outsiders come to Beijing to develop, of course these people also need housing. Therefore, housing prices in Beijing will not only not fall, but will rise, and they will rise unswervingly.
"Su Meng, Jianjun's words are always targeted. He said there are risks, and there must be risks. It's better not to take risks." Chunming continued to persuade.
He has worked with Xiang Nan for many years and knows that Xiang Nan's predictions are always very accurate. When he went to the south to resell cars in 1985, Xiang Nan warned him. Unfortunately, he was obsessed with money and didn't listen. As expected, he fell into trouble.
"Tch, do you think he is God?" Su Meng curled her lips contemptuously and said, "Chunming, when you have time, you really should go out and take a look. Don't always stay in these four-nine cities and limit your vision. There are so many capable people in the world, how high does Cheng Jianjun rank, and is he worthy of your admiration?"
She had seen many young talents in Xiangjiang, and they were much better than Xiang Nan and Chunming, so she refused to listen to them.
Chunming saw that she was so determined after eating the weight that she didn't know how to persuade her.
…
"Forget it, good words can't persuade a damned person, and great mercy can't save someone. Since she looks down on us and doesn't listen to our advice, let her die." After hearing Chunming's return, Xiang Nan said He curled his lips and said.
Originally, he kindly reminded her because everyone lived in the same hospital and it was considered a small reward. Since she is so arrogant and doesn't listen to others, then let her die.
Chunming let out a long sigh. He felt that he was becoming more and more unfamiliar with Su Meng.
Especially after she went to Xiangjiang, she didn't know what kind of evil was possessed, and she couldn't listen to any suggestions. It's obviously for her own good, but she always thinks wrong about people.
"Chunming, don't be sad. This may not be a bad thing for you." Xiang Nan advised after seeing this, "The reason why Su Meng is arrogant and gets angry with you at every turn is because she is rich and has a successful career. person.
When she failed this time, she would go bankrupt. By then, will she still be able to be awesome? If she loses her arrogance, won't she be obedient to you in the future? This is a good thing, don't feel bad. "
Chunming nodded.
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