renowned economist in Hong Kong - Lang, You can try to doubt this figure, but it is leap to occur, not alarmist. But it does occur. Because in China, a developing country, with the unavoidable ...
; Hong Kong's outstanding economist - Lang
'99% of China's white-collar workers and their families will face bankruptcy. But inevitable bankruptcy! Run away! This may happen in the next 2-10 years. You can try to doubt this figure. But it is bound to happen, not alarmist. 'As I predicted the inevitable Chinese state-owned enterprise workers, the jobless, as in that time no one believed. But it does happen. Because in China, a developing country, its bound to keep to inflation and reforming manner for economic development. And each time the pains of reform brought to bear by the people. Whether it is mountainous and rural districts of the knowledgeable youth were confused, or when the reform and opening up a large number of state-owned enterprises have been closed down when a large number of laid-off workers. If they have a certain forward-looking, then I think they might depart a little for their own posterior. However, deserving to over-confident and over-confident life will not file mutations, thus causing the tragedy of their lives. -
Some say the administration will not sit idly along white bankruptcy, the Government has of lesson not. Some entities ... how tin I say. I muse back apt the laid-off workers right. Caused so many social unrest. Can do? Today's white-collar workers when the bankruptcy morrow as it has. -
and 20 years of reform and beginning up, China's rapid economic development take off. But the old system does not completely alteration. A variety of momentous industry is still in coerce is a government monopoly system in operation. Such as: banking, finance, metallurgy, energy, message, transmission, health attention, teaching, and land. China's reform and opening up of these asset can not be entire aspects of reform and opening up. But today, monopoly brought ever more pronounced. -
bear the brunt of real estate. As China's valid system is not absolute, principally the field of finance and reform, the emergence of a variety of mistakes made by real estate has been rising. With the increase in real estate and the native population to converge on colossal cities. So the new urban workers is the so-called 'white-collar workers' income is rising on the surface, to Beijing, case in point 3000-15000 yuan monthly salary everywhere. But this part of the income is primarily used to pay rent, or loan. -
To better understand why 99 percent of white-collar families will go bankrupt, we must first understand why the prices so high? High, where? Funds work? (This refers to white-collar ready to buy a house buy a house or family.) And the development trend of narrated effects. This article will explain to you in three stages. -
1: cause prices soared, the first factor: Bank loans under open competition. -
In fact, housing prices soared
chief factors because the Government for of the people in the mistakes pay. Such as before a developer via a bank lend of 10 million to develop a house. If he does not play that bad fortune, because all the banks are a system, you owe the money did not also no chance to turn around. But China's banking reform on the root of a aperture open to competition between the banks so the ICBC, Agricultural Bank, Construction Bank, and so on all manipulate independently. This is a nice thing. But the problem is that these banks are not private, but the country. We can imagine. When a developer from the bank loans to 10 million results. He only need 5 million to develop a house,
Supra Skylow Shoes, then the price addition, then the development of the price of the house according to his standard mortgage loans to 20 million from the ABC again, and then use that 20 million of 10 million development of a sets a higher price of the house came to 40 million Construction Bank mortgage. Is such a outrageous snowball borrowing model. -
get out of the house you serve is not important, the key is the price higher, not lower prices. Anyway, the bank's money is not private, so a little bit to explicit the chancellor have combined with 'legal' high retail price of real estate as collateral so surely getting better and better from bank loans. -
then this result is that house prices do not just mount down! Because they can not fall! A bank loan out money or never come back. This is the government's banker, the government's money! Therefore, in order to stop the funding black hole is to buy some of the specialists, the media began to create public opinion using a variety of media mania means of coercion of people to buy a house. -
such as land resources are severely strained, do not buy a house in the future can only live in the suburbs Yeah like. Cause people had to buy a house. In fact, can not live in this metropolis that was impossible, a new urban residents is the process of replacing old, live in the metropolis to work, like to live in the suburbs of retirement. As long as the population outbreak will not appear on white-collar workers do not live downtown can not be the case. Although these media caused a lot of people buy a house, but only so high prices have not even now off the jot now. Then the government made the second mistake. -
2: prices soared, leading to the second error: a mortgage with Chinese characteristics. -
mortgage would be a very renowned system in the West, is also very suitable. However, this system applied to China once a little problem. Because for large institutional. All banks are state, not personal. The lending this juncture it is impossible to control is maintained. As long as the file makes sense, people will be able to credit to the article. -
to the first error as presently as feasible to ease the monetary dark hole caused. Government began to implement the system to individual mortgage houses. What also constantly give to his wife and the Chinese American woman's example to lure people to the mortgage. Indeed it was the mortgage, and it is crazy mortgages. And banks at the peak of a little 'road' people. They first mortgage a 80 million homes, own a 100,000 down payment and then from the bank loan 700,000. Then after the house marketing to raise prices to 1.8 million. This time their relatives or Mom and Dad go to buy, but also with their own way out of the mortgage down payout 300,000 loan from the bank 1.5 million. Then on the stuff. They do not how to do the loan? Banks love accumulation charge. Anyway, I'm not under compact can take away your money on the house, we have 2 incompatible less. -
so turned around, raised several times the price of the house back to the hands of the government back to the bank. This explains why the beginning of many new real estate fix was 'real estate group' bought. They are not fried gambling house will appreciative. But the bank took the house to clean up. -
bank got the house how to do? Are afraid to hack prices. Had to add some amount and then sell. So ordinary people are now not even think to buy a house really reasonable price! Even if you bought instantly from the hands of developers house might have switched hands several times returned to the hands of the banks and developers. To say someone now 8000 / class house, there are only 2,500 is the price, 5,500 are thought to bring the money black hole making mistakes! That means you are limited to the hard working backside. -
3: The third question: white-collar families when bankruptcy? ? -
we learn why the house prices up, again see at the so-called white-collar families in Chinese cities the essential of bankruptcy. -
first foreign white-collar income is really high, but high value. The Chinese called the white-collar workers are generally poor quality. Chinese enterprises solemn interior friction. Everyone scorn all headstrong. No wonder foreign companies entered the China market began to exclaim: 'in China people do not rent company! 'I am also entirely understood. That someone would say: 'Now is not worth the worth of white-collar workers, that Mizuki Zhou Ping you can talk about why they get such a salary it? 'In fact, this hot real estate as a result of amount effects. The loss of a large number of bank funds through the hands of a few people went to the market. These people began to make offensive investments in other areas of China. Because they knew that real estate is in the near future collapse. They do dissimilar circular of investment boom is rapidly preoccupy the funds, they invest in the Internet, high-tech investment, investment and entertainment, investment many, many. But at least enough to pay wages to employees or pay monthly rent on a house for it. Therefore, it is because the rising price of China's urban population created a relative wage increase. You do the math you do not believe the city where the mean income of white-collar workers, once paid the monthly housing money, how much will be left to the hands? I think this would not I be wordy it. All psychological few. So I can say thin no time the real estate break that followed the collapse of your wages. -
I know there are many, many white-collar workers who have bought the house. Their thinking is simple: 'The pair opened a variety of revenue insurance, in addition to the monthly web income is also 12000. What kind of housing money to pay 3000? I can buy a set also! 'Yes, nothing. But because your house so what are valuable. Eat your, your transportation, your tuition fees, remedial costs are more expensive! ! ! So the money you pay the room individually from the cost of living and then basically kept a cent for it, even now the save point also keep up with normal inflation rate. The problem is if you will preserve the status quo, then, in theory, should be nice. You two decades earned money just to make up for the loss of two errors. -
but the problem out here. With WTO5-year elegance time to the end, a large number of alien communications, banking, healthcare, insurance, and so companies will have moved into China. That time no one can stop you put money into Citigroup, HSBC deposit. What about that time who are willing to put money in the quantity of bad debts so many Chinese state-owned banks? And then how to take fathom even if the Government could run, so what will happen when the time is still hard to say. But one thing is certain is that these banks to China's state when the oppression will become enormous. Loans will be laborious to increase on, because banks have no money to honor! At the same time a large number of high-quality talent with foreign-funded undertakings to enter the Chinese market will bring a lusty shock and the collapse of a large number of existing undertakings and white-collar unemployment. In other words. Once the foreign-funded enterprises to combine the competition, China's existing 99% of white-collar workers will face under the employment pressure context! -
and foreign banks started to invest in once the amassed funds in real estate, then normal operation because they are made out of the house so the process will be inexpensive, must thrust its citizen real estate dropped sharply. As I said earlier, prices have fallen, or is emulated by the business in your wages! Can you buy a house before the loan will not reduce or reduce the price, so you will be unable to pay exorbitant loan. Then your house will take away the bank, your deposit will be directly frozen. So the future of Chinese cities may be the greatest white-collar workers and a few decades ago, like the Chinese state-owned enterprise workers. Hard two years, in the end 竹篮打水一场空! -
how to avert bankruptcy? -
see where you should understand, do not buy a house is a good way to avoid bankruptcy. But I would also like to prompt you, in mandate to move up the property market does not fall, they have a way that is not advocating people do not buy a man child! You mention, this really little effect. Now people a jaws first sentence is: 'do you have room. 'You do not seem the same room is a eunuch. I am really angry with the strength to curse no. Mizuki weeks in Baidu also post it in this post-ping said: 'do not buy a house do you live? 'I wonder, is there a causal link to live and buy it? In China, a land not belonging to your house and rent you have to sell you what is the distinction? (Laughs). Not to mention the same property and the bandits who forced evictions of people wrong! This is not simply 'the emperor's new clothes' it? But since the WTO has denoted that the issuing industry and the media industry in China is still not open. Then public attitude will become a government bailout and developers in the hands of the last trump card. -
so we face a lot of rhetoric, when more than half a brain or your own. After a pack of lies we hear build up housing, scale up outrageous! Such as recent prices have brick home not expensive when advocating say: 'What if 50,000 annual salary, the couple is 100,000 a year, five years to 500,000. So of course, price is not expensive. 'I was wondered that something really nod? Perhaps for this or these have evolved to eat or drink without ailment does not move and do not wear dead father and mom had no use for the upkeep of the brick home may really be the case. Therefore,
Supra Shoes UK, we pay attention to vigilance. -
Conclusion: -
ready to buy a house buy a house or have a home of white-collar workers will collapse with the collapse of housing prices, that would be a slow process that occurs. Short as two years or at a time ten years. But this is one irreversible trend. Therefore, China has 99% of urban white-collar workers, said a bankruptcy not one alarmist! Today you pay the bank money is for the Government of each housing delivery for real estate speculators who fill holes, only a small part of a real house money. Environment a change tomorrow, you do not have much money to fill holes when the market and banks will be kicked back to the home, and then for a number of new people to fill. Do not believe? Wait and see Bai! - PS: Why do I say that 99% of this number, because according to my understanding, once 99% of the monthly salary of over 5000 people began to buy a house, even 3000,4000 buy. What lovers do not understand that life will go on to buy badly. I just feel melancholy for them. Of course, if you are that 1 percent of the sage, than to persuade them to save it. Better Together alone. -
Chinese are the four large when
largest when: real estate
buy a house average? Means that you have a house of their own. Yes, you think so, but in China and you can not have this house, you just rent it. Because the house is yours, not your land, but land use rights for 70 years (70 years from now it is back Sino-Japanese War, who have seen the house that time?). House, routinely 30 years know next to nothing of the demolition or upkeep will be met. That you spend the money to buy a house, but can only be renting the tangible results. Of course this is not the worst. The worst is when you find that after decades of fools! A team of hooligans broke into your house with their life savings to buy the painting on a huge split-! Then all of your belongings, like when the waste is still out of doors, regardless of your pleading, and even still you press on a newspaper list of the flagrant nail, whichever damage of the public when you will know what despair!
depicted the Chinese real possession has a well-known joke is written like this:
ago, there was a lot to the landlord, to find a lot of permanent work, and the landlord to have built a permanent Building group unity lived a day, the landlord's advisors on the landlord, said: union, long-term workers are a bit of money on hand the past few years, they live in your house, the monthly pay Zuzi, worth, anyway, they will never furnish to live, do not you just sell them the house from a cheats is cried - public houses for sale! Tell them the house they never go, you can save them money back in recent years, the landlord said: Yes, how do I rent? Advisor, said: according to income is not wrong, from a Japanese name of children, shrieked the management fee! Landlord fast implemented, and made a lot of money, long-term employment are the happy ah!
a few years, the landlord of the village into town, and the rich scale up, no place to live, advisor to the landlord, said: club, long-term workers were on hand and money in recent years, Let them build a new house, called from a transformation of the old tricks, they knob the money to us, we dragged down to build a new house, and tell them to buy back, you can sell more than cover some of the others, the landlord has carried out, This time, some long-term workers are not happy, the landlord of the retainers come in use, the permanent teeth have had to knock down the pharynx to the abdomen, the landlord has made a lot of money.
A few years later, the landlord of the countryside adult into a big city, and the rich more, the landlord of the land more invaluable, advisor to the landlord, said: club, we put these permanent houses demolished , in this place was built villa, split out to cover the house sold to the wealthy who can acquire a sum of money, the landlord said: how to do long-term workers who leave? Advisor, said: we give them a little more money, from a monetary settlement called tricks, and then we built our barn next to the house, from a tricks called affordable housing, they built a carriage road to allow them to buy over there alive apartment, the landlord said: how do they have enough money? Advisor, said: the banks borrow from our family before them, 6 points a year profit, but also nothing if the money begets money the Cubs, not any hazard, the landlord has carried out, they get the money long-term basis, the landlord of affordable housing until now built one, they had to await in line for permanent house, until now, waiting for it ... ...
Thus, long-term employment began to make distress, and the landlord a mini nervous, hurriedly queried counselors how to do? Advisor, said: They must advertise the lasting house to be dripped in cost, do not buy, lease to live it, just rented it to them our pen, the outcome, after so many years, long-term employ have all the money worked, are still renters, always!
joke although a bit exaggerated, but in fact it not also true? Some people say that being the case? Why do Chinese people have to buy a house? Mad to buy? Why? The result of education is not obscurantism, as if 60 years, advocating that people must buy the Big Three: watches, seaming machines, bicycles really successful people can wed a wife. 70 years advocating that people have to buy 4 new pieces: TV, refrigerators, bathing machines, telephone equipment can be considered to succeed as a wife have children, memorize the thousands of greenbacks to setup a phone, but ah (per capita income of less than 200 town ),
Supra Muska Skytop Shoes, meantime tens of thousands of Beijing, Shanghai and more a time, had to take a human digit line up to buy, and buy a house today, how it is alike?
and today all the shit in this set of savants began to cheat the people of the old trick: the fashionable criterion white-collar,
Supra Trainers, successful people select a fashionable small size X ring X Road, X ring X Road, residential and mercantile type. After you receive hundreds of thousands, must dictate you a every month rent (the new attribute fee), bank amuse, and assorted sorts of pardons to heave amuse rates, policies, and so on and so forth. In short you do not be terrified to death, not afraid to die you miserable! Gnaw on how cheerful the people fooled, but one hundred tire on it? I am really petulant and get it all wet!
second when: Employment
When people finally began to sigh: the year when the educated youngster, when people are laid off later no course out, no 1 can sit-in protest ignored, can merely be dwindled above the streets also were compiled melody laugh by life, fearless, massive pate come again. Have you ever thought of! They also have the same landscape and white-collar today! Their proceeds and status have also let the people around envy? Have you ever thought 20 years afterward,
Kids' Supra TK Society! Like you would favor them descend on the avenues, deserted? !
Some people say hey! You do not know the unemployment insurance, stipend insurance, XX assured it? Oh, I float in Beijing N years, many insurers to pay tens of thousands about it, but when Pao Duantui unemployment and no one gave me Sha insurance, but many insurance policies that I have been frozen for paying off, and I just and anger ... ... More than that, you think to the old of 60 you can get really old-age insurance additionally? Out of the sky without money! Today's pensions are older we get the earned! Today 30-40 year-olds usually have several brothers and sisters! Means that today's elderly to get a stipend age of 60 is because there are 5 people for an old man! And after our generation growing old is a person for the two of us old people! Money get busy? Did not come! If you are capable to live to 90 years is estimated to receive some of the old-age insurance, hey You a standing ovation it. But even so, parents are still crazy and put their children to a variety of enterprises in the delivery of state-owned units, to me it always has such examples. A distant comparative of my home, find the relationship between haul friends to spend seventy thousand dollars to his son through an open recruitment team sent to the traffic police, dry on the contract the police. A month to get 800. The third result was competition to the brush down. A people crying, I said, a good brush, you earn a lifetime ban on that does not back that 70,000 first wash sleep quickly, and then scrape together some money to change out a small business go! Probably can earn.
when I graduated, I led my profanity is holding the money, the division sent me to XX. I saw that the male responsible for recruitment morality, could not help the nausea, Made in salary, profanity Yeah, I is not dine or nectar until the white dry-back 10-year cost. So I had that fellow a privately threatened, scared that potbellied X no longer afraid to admit I am capital. I just must have: away from home.
I ambitioned to do not know? Chinese people ye so foolish? Such a superstitious nation word it? Wake up, preoccupied the line is not the regular one o'clock? Prior to his work does not disburse to not calculate cost-effective?
there are those little white-collar workers are young, it is best to detect a job to pay the lofty point, not to health assurance and Han, warranty, and then save up your money most assurance will need it.
third when: Education
a diploma worth? A diploma worth? A diploma worth? Top of the publishing costs two dollars a day. A teachers salary? Hey, two students a semester of tuition enough! A class paperback printing how much money? Two students enough! How much rent a class a semester? Hey two students enough. ! Hey! China Education Why the hell you receive so much money! ?
Hey! The people are! Why ought we be fooled? Because the small verdict level told us was agreed scholar glory. Oh sorry I am wrong, is it honorable to go to college. Why do people think about but never go to glory? Why is glorious ... ... University scholar and how not waste!
you know who your child is teaching it? In China are generally incapable to adjust to society, people would convert a teacher, for instance. Some time ago I as a project, find a few campus students act master's program. The results are very few people stupid, do not give you full attention, you have to cede it to work, but also to the documents apparently a typo, not to change, so you find even told you seriously, is it not his mistake , you give is wrong. One o'clock sense of responsibility, one would not consider whether it is to do things and do things or to do one thing and doing things. I was very lull to reason with them: you must learn to think for others, the results of re-thinking people want to do things. Otherwise it can not survive in the community. Results of those few, said: we do not go to the community, we test scores good enough, we are residing in school to a teacher. We had nought to say the bad, how do you lay how we do, do not you arranged for us not to do. This is our self-respect and principles. I said: If you go to the gatekeepers, the employer did not plan for you to work when you do not bolt arsenal lock it? You chilling you? After your child is under the guidance of such a person learn and grow. You ease it?
cohabitation is no wonder that campus, truancy, fighting, suicide ... but the parents are still willing to cost money to send their babies to educate, but a lifetime to spend the money.
fourth-largest when: car
Chinese people crazy? Buy a car? Why buy a car? ? ? Of course, you not only have money to spend,
Supra Pilot Shoes, and how you love to buy how to buy a car buy a house, anyhow, how up you are enough of oil money, the house demolition you should not feel bad. But most people do?
I secondhand to have a companion to live the North Second Ring, the enterprise Xizhimen there. Most probably take the subway to work each hour. May must buy a second-hand Charade, 8:00 every morning to begin on the road Duzhe, then moved a little bit of corporation. Hey, a month parking lot. But she felt the car its own identity to open high-level point. Not to advert open a Charade, is to open a Audi I have not seen who beat nine of whom three worship. In addition to appear a little silly than others outdoor their own no additional feature.
Another period, I met the little girl was 4,000 a month income, car loans in the program. So I asked her: little girl, I've got to do business, their work in due time, Metro and convenient to buy a car do? Like a long period, it is estimated could not think of a reason to say: Sometimes things go to the supermarket to buy it, they feel a cab approach the point is not worth the walk but I'll say. the point. So drive yourself go! I nearly did not listen nauseating. You steer to the supermarket to buy instant noodles do not feel sick it? Equipped with cellular calls to Jianla Ji, also Jianla Ji's! Do not think that buying a car can prove everything.
example, I immediately own business, engaged daytime, hiked almost 4-5 places, see numerous customers. But I do not purchase a automobile, why? I buffet that car with the shake to, kick left, no location to worry almost parking, do not fret approximately hanging a touch, and without alarm of being a thief stole a tie, whether rain has hung the wind driver. Bumped a vehicle jam if you can obtain off the subway. Year also more than ten thousand chips RMB! Buy a car! Parking fees had more than ten thousand a year! This is not foolish it? Do not buy a car
that car, there are countless people who can be mad to go borrow money to buy? Must not be too miserable to die like their future! Buy it, buy a not finished raising interest rates? Oil prices are not crazy? Parking and is not expensive? Regret not it? A road car to sell on value plunges also sell the right? ?
acquaint you that oil prices have to rise. Must be the same as oil prices rose and dollars. Hey! You take the old U.S. 1 / 10 of income, and others a raise petrol prices. I see that you do not must se.
ultimate say, everybody is not stupid, there was only a stupefying education Jinong Han. Silly point does not matter, but the thing off your life you still firm with the point, many figured the relationship between the economic interests of intend! Other end of the day, real estate have fallen, oil price mushroom, the money to pay the recess of my life took a diploma, or what what is not dry, for several decades to pay exorbitant taxes and levies also what what benefits do not. You can not just scatter detriment of hundreds of thousands.
what was said? Oh no way, can not live without a car you, good bus thronged Yeah. I say all is pretension educated fools doing strange. You look at me, just rent a house to live more than a thousand pieces a month, it is equivalent to some property costs. If you want to get married I have 3-4 thousand of affordable rent, furniture, decoration one should be full. Which also convenient where I live. Do not want to move on long-term lease. Also a kind and pay property charges. Province of the banks also vain loans, interest, down a lot. Something hit the car, right on the subway, a year ten thousand days, and also saved a garage fees, parking fees, fines pile, oil prices rose 10 Lehe also not lag things. I ran the university did not finish, while the market a self-study while planning to run their own business, do not they also can enter the foreign-listed companies as a manager it? Also save the tens of thousands of tuition to.
course, some people will say: You do not even have a house to buy, specify get married. I thought to myself: I do not, you think you have ah? Some people say that renting is not worth the rent is over just aboutmeone another, hey, you think to buy a house but also for decades loans paid off is your, ah ... ...
Please do no purchase a house and motorcar of a fr
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