Dahan Technology Empire
Chapter 129, the real estate doomsday
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Thinking of this, his frowning eyebrows tightened, then slowly loosened.
All the real estates will have a price reduction promotion. No matter how much the price is reduced, it is necessary to ensure that all the inventory is cleared. His words made dozens of executives in the conference room stunned.
No one expected that the president of Vanke, who has always insisted on winning by quality, would choose an unlimited price reduction war!
President, we are a leading company in the real estate industry. If we also cut prices drastically, the entire market will follow suit, and the consequences will be disastrous! his subordinate reminded.
I understand this, but the current situation is that if we don't get out sooner, we will go to hell with us. It's too fast. I thought there would be at least a few more years before we could transform.
Everyone, let's go ahead and take advantage of the appeal of the word Vanke. We have cleared all the inventory by cutting prices! The moment of our business transformation came too suddenly! It was too sudden!
After saying this, he closed his eyes. His mind had already seen the collapse of the domestic real estate market. Even companies like Vanke were not immune.
Boss, are you still participating in the land auction in Longgang this afternoon? The secretary asked in a low voice after watching everyone else go out.
What kind of land is still being auctioned, notify the land management department, don't participate in any land auctions, transfer the land you get, it doesn't matter at a loss, our business model will change in the future, and the land in the city will be useless!
……..
Relying on its strong brand effect, Vanke has greatly reduced the price. There are still many people who choose to buy houses. In a short period of time, Vanke's inventory has decreased rapidly.
However, before Vanke's inventory reduction was fully digested, other real estate companies followed suit and cut prices, and their price cuts were larger and more direct, and the entire real estate snowballed.
In just one week, the price reduction has reached 30%, which makes many people who were hesitant to buy a house even more hesitant to wait and see, hoping that this price will continue to drop!
At this time, the government took action.
All housing companies have been issued a red order document that no further price reductions are allowed!
The government is very clear that if prices continue to drop like this, the entire real estate industry will collapse, and the entire country's economy will be affected by that time, although the government also knows that housing prices are too high and completely out of the national income level.
But the government is more aware of the importance of real estate to the national economy, it is completely one of the economic pillars of the entire country!
The local debt of tens of trillions of dollars needs to be slowly filled by selling land, and these local officials also need to sell land to eat and drink!
The big family up to the imperial capital, or down to the local area, with hundreds of families, big and small, is not related to real estate.
As long as you take a piece of land and build a sales center, you can make a lot of money in the industry. How can these families not participate in such a simple and crude way of making money? Basically, many families still rely on this money to make their fortunes.
The country's banks also need the development of real estate to support them. Without those house slaves across the country, these bank bosses don't know how much they will lose money every year. An ordinary small bank abroad.
Every year's non-performing loans, various deficits, etc. all require ordinary people to take out loans to buy houses and make up for them as house slaves.
The government understands the importance of the real estate industry!
So basically, housing prices have risen to the sky, completely out of the national economic level, but the government still has to support real estate companies all the time.
Didn't you see that the purchase restriction policies introduced many times in the past were immediately withdrawn by the government within a few days?
Didn't you see that the real estate tax has been delayed?
Haven't seen how much the down payment rate for the second set should be raised, has it been an empty slogan?
…….
Real estate has kidnapped an entire country!
As long as the real estate industry sneezes, the whole country will catch a cold, and the government will immediately introduce various promotional policies to keep the real estate upsurge.
Now that the real estate industry has cut prices so much all of a sudden, the government can't ignore it!
How to let these real estate companies go down, the entire real estate industry will collapse, and the national economy will be dragged together to an abyss that cannot see the edge.
Limit price cuts! This is a dead order from the government to all real estate companies!
Naturally, no one dares to disobey the government’s order. Everyone’s current situation, the more everyone sees, the more and more everyone understands, there is no one to buy a house at all, all the newly opened real estate no matter how hyped it is, no one cares about it. .
This real estate operation is often one after another. First take a loan to acquire the land, then sell the repayment to repay the bank loan, then take a loan and then acquire the land. The key is the sales link, as long as the sales follow On the other hand, there is no problem with the bank's loan and the funds for building a house.
However, if there is a problem in this sales link and sales cannot keep up, housing companies will face high loans, and the daily interest can overwhelm many small housing companies, and there must be no problems in the sales link.
Now the Baijiaxing series flying cars launched by Qingquan Technology are priced at 1 million!
Most families at this price, except those who are particularly poor, can basically afford it, and as long as they buy a flying car like this, happiness can be very simple!
You don’t have to go to the city to buy a house and endure high housing prices, you can also find a job you like and satisfy across the country, travel around the world, etc., and live a happy little life.
Ordinary people are no more stupid than those who live high in temples. The reason why everyone endured high housing prices and expensive medical care in the past was that everyone had no choice and could not jump out of this cage.
Now that everyone has seen a better life in the future, naturally no one is willing to be a house slave anymore. The savings of generations are only enough to pay a down payment, and they have to bear huge mortgage pressure for a lifetime.
Coupled with the high housing prices, etc., everyone has no dreams, they are overwhelmed, and there is only money in their eyes. They just want to make more money. As for what to do after more money, no one I thought about it, I just felt that I needed money!
……..
Although the government has issued an order prohibiting price cuts, and has also introduced some policies one after another, the effect is not the same as before. As more and more people buy flying cars with the surname of Baijia, the sales of real estate companies are increasing. The more into the freezing point!
Some newly opened properties even set a record of zero sales!
This has never happened before. Although it was said that the sales were not ideal in the past, it is also relative to the end of the golden year. Now there is absolutely no sales!
Many small real estate companies are on the verge of bankruptcy, the capital chain is completely broken, and sales cannot keep up. Banks, which have always been rogues, have also stepped up lending at this time. One after another, real estate companies began to close down, and the bosses ran away with the funds.
Many large and medium-sized real estate companies are also gradually feeling huge pressure. Funds are decreasing day by day, but sales are becoming less and less. When the price was lowered, they could still sell some, but now no one buys them.
Land auctions conducted by local governments have also experienced a large number of failed auctions. It is no longer the same as before. As long as there is a land auction, real estate companies will flock to them like sharks, and land auctions will fetch sky-high prices.
Now these real estate companies have no intention of buying land at all. The local government’s plan to sell land to make a living has failed completely. Large-scale and large-scale auctions have passed in, and many very good sites are no longer available.
The stocks of hundreds of listed real estate companies also fell again and again, bringing the entire stock market down one after another, creating a number of stock market records! The stock market fell below 2000 points!
As soon as all the situation was reported to the center, everyone was in a hurry!
The government held several emergency meetings one after another to discuss the increasingly freezing real estate industry, and issued many related policies!
The huge stimulus plan of 10 trillion yuan has only made the stock market red for a few days, allowing real estate companies to temporarily obtain some funds to survive. The real key real estate sales have not improved, and are still heading for a worse situation.
The last grass that overwhelmed the camel came from the second-hand housing market!
How many houses are there now? Some data studies show that the entire country has enough houses for 3 billion people to live in, but why do ordinary people still have no houses?
Haven't heard that Zhumen's wine and meat smelly road has frozen bones?
Haven't heard that the rich have no place in Tian Lianqian and the poor?
Those who really own a large number of houses are those with money and power. Ordinary people generally only own one residential house, and at most more investment houses.
Now that real estate has dropped to the freezing point, those well-informed dignitaries and rich people are naturally the first to sell their excess houses to cash out. Their houses are all private, and they can sell as many as they want.
Moreover, these private individuals will not cooperate with real estate companies, and the housing prices in this second-hand housing market will plummet in an instant!
The first-tier cities used to need millions or even tens of millions of houses, and they were sold in half at once!
All of a sudden, many people who didn't plan to sell their houses are also scared to follow the trend and sell their houses, and the market supply has suddenly increased!
The drastic changes in the second-hand housing market immediately affected the whole country. Some people who originally wanted to buy a house because of the low price were hesitant to wait and see.
The supply of this house is still increasing day by day, but the sales are decreasing day by day!
Buying a house with zero down payment, buying a house with a degree, buying a house with a household registration... Various promotional policies have jumped out one after another, blinding the eyes of the entire country. Many policies that were never thought of before have been forced by the government to come out with this group of forced and helpless real estate companies.
In the streets, on TV, in newspapers and on the Internet, you can see experts and scholars from all walks of life bragging about 100 reasons for buying a house and 10,000 benefits!
But this time, the general public with better choices is not the same as before. No one is willing to pay the bill, no one is willing to buy a house, and the end of the whole real estate is really coming! (To be continued.):
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