Please do no purchase a house and motorcar of the

well-known economist in Hong Kong - Lang, You can try to doubt this figure. but it is inevitable, not alarmist. But it does happen. Because in China, a developing country, with the inevitable ...

well-known economist in Hong Kong - Lang
99% of the white-collar personnel in China and their families will face bankruptcy. It is inevitable bankruptcy! Run away! It may happen in the next 2-10 years. You can try to doubt this figure. But it is leap to happen, not alarmist. 'As I prophesied the inevitable unemployment Chinese state-owned enterprise workers, as in that time no one believed. But it does happen. Because in China, a developing nation, with the inevitable in mandate to reserve inflation and reform amounts in exchange for economic development. And each time the aches brought about by the reform are the people to afford. When either the countryside and mountainous districts of the knowledgeable youth were disturbed, or large state-owned enterprises reform and opening up have brought about a large number of laid-off workers close down. If they can have a certain forward-looking, then I think they might stay a little way out for themselves. However, due to too many too deem that life will not document and evolution, so that led to the misadventure of their lives. -
Some say the government will not sit idly by white bankruptcy, the Government has of course not. Some things ... ... how can I say. I think back to the laid-off workers now. Caused so much social unrest. Can do? Today's white-collar future bankruptcy, they also did it. -
and 20 years of reform and opening up, China's fast economic development take off. But the old system is not completely changed. Variety of important industry is still in force is a government monopoly system in operation. Such as: banking, finance, metallurgy, energy, message, transmission, health attention, education, and land. China's reform and opening up of these things were not all aspects of the reform and opening. But today, the contradictions brought about by the monopoly is increasingly emphatic. -
bear the brunt of that real estate. As China's legal system is not absolute, primarily the field of finance and reform, a heap of mistakes made by the emergence of real estate has been rising. With the increase in real estate and the concentration of foreign population to the cities. Therefore, the new urban workers is the so-called 'white-collar workers' income is rising on the surface, to Beijing, for example a monthly salary of RMB 3000-15000 everywhere. But this portion of the income is chiefly used to pay rent or loan. -
In order to thoroughly understand why
99% of the white-collar families may go bankrupt, we must premier understand why housing prices so high? Where high? Funds are functioning? (Where white-collar families that buy a house or preparing to buy a house.), And the trend to bring the narrated effects. This will be explained to you in three stages. -
1: cause prices soared in the first factor: Bank loans under the open competition. -
housing prices soared in fact, is the cardinal ingredient for the Government because of the people in the mistakes of pay. Such as a developer before a bank loan by a 10 million development of a house. If not since he got in trouble because all the banks are a system, you owe the money did not also no chance to rotate around. But China's banking reform on the foundation of a hole open to competition among the banks so the ICBC, the Agricultural Bank of China, Construction Bank and so on all operate independently. It would have been a good thing. But the problem is that these banks are not private, but the state. Is not difficult to assume. When a developer from the bank loans 10,000,000 consequences. He only absence 500 million to develop a house, then the price increase, then the development of the price of a house along to his standards of mortgage borrowing to 20 million from the Agricultural Bank of China, and then use that 20 million of 10 million development of a sets the price higher mortgage the house to find 40 million Construction Bank. Is such a crazy borrowing model snowball. -
house Maibu Mai to go out is not momentous, the opener is the price is higher,Womens Gucci Pumps, not lower prices. Anyway, money is not a private bank, so a little bit to clear the President together with different 'legitimate' high retail price of real estate as parallel so certainly getting better and better from the bank loan. -
then this result is that house prices do not just climb down! Because they can not fall! Out a bank loan or money to never come back. This is the Government's bank, the Government's money! So in order to plug the funding black hole is to buy some of the experts, media, public opinion began to frenzy by various means of coercion of public opinion were to buy a house. -
such as land resources, severe accentuate, do not buy a house in the future can only live in the suburbs Yeah like that. Cause people to must buy a house. In fact, can not live in this city simply can not happen this position, the city residents is a process of replacement of old and new, to work to live in the city, the elderly live in rustic areas like retirement. As long as the population explosion will not arise on white-collar workers do not live in the downtown can not be the case. While the media has created a lot of people buy a house, but only so, prices are still not high as it now is outrageous. Then the Government made a second mistake. -
2: cause prices soared in the second error: a mortgage with Chinese specifics. -
mortgage was originally a very renowned system in the West, and very suitable. However, the use of this system to China once a little problem. Because for large institutional. All banks are state, not private. Therefore, the doorway can not control lending tight. As long as the document makes sense, people will be able to honor the money. -
early relief to the first peccadillo occasioned along money black hole. The Government introduced the system to individual pledge houses. What is also constantly cite the United States to his wife and the Chinese woman's example to bait people to the mortgage. It was absolutely the pledge, and it is crazy mortgage. And banks at all times a little 'road' people. They first set of 80 million house mortgage, your down disbursement and then a 10 million 70 million loan from the bank. Then after the house sale to raise prices to 1.8 million. This time their relatives or to go buy I Met Your Mother, but also with the way the mortgage down payment of 30 million own a beyond 1.5 million loan from the bank. Then go on. They do not how to do the loan? Love Do not calculate bank. Anyway, I do as yet under contract on the money you can take the house, we owe the two incompatible. -
so turned around, driving up the price of the house several times back in the hands of the government back to the bank. This explains why a lot of repair to the beginning of new flats to be 'real estate group' bought. Speculation is not gambling their house will thankful. It took a house to clean up the banks. -
bank got the house how to do? Are afraid the amount. Had to add some merit and then sell. So do not even think almost mediocre people immediately buy a real house at rational prices! Even whether you bought directly from the developer of the hands of the houses might have switched hands several periods behind in the hands of the banks and developers. To say something is 8,000 / square in the house, there is only 2500 prices, 5500 is thought to bring money black chasm making a wrong determination! That manner you are limited to the hard working to wipe. -
3: The third question: white-collar families when bankruptcy? ? -
then we learn why the house prices up, again look at the so-called white-collar urban families in China in the necessity of bankruptcy. -
first foreign white-collar income is indeed high, but high value. The so-called white-collar workers in China is generally penniless quality. Serious inner friction of Chinese enterprises. Everyone scorn, all stubborn. No wonder foreign companies entered the China market began to exclaim: 'to do business in China, not rent people! 'I am too deep. That some people would say: 'Now is not worth the worth of white-collar workers, that Mizuki Zhou Ping you can speak about why they get such a raise? 'In truth,Womens Gucci Sandals, this caused the peppery real estate a quantum effect. Loss of large amount of capital banks through the hands of a few of the flow of the market. These people began to make offensive investments in other areas of China. Because they kas long asreal estate is about to collapse. They do another circular of investment prosperity is quickly absorb the funds, they invest the Internet, high-tech investment, investment and entertainment, investment many, many. But at least enough to pay staff wages to pay the monthly rent or house for months now. Therefore, it is because rising prices of Chinese urban population created a relative amplify wages. Do not believe you do the math in your average income of urban white-collar workers once completed pay monthly housing money, but also so much money on hand? I think it would not have me meander on it. Psychological several people. So I can say thin no time the real estate crash that followed the collapse of your wages. -
I know there are many, many white-collar workers who have purchased the house. Their thinking is simple: 'couple all taxes besides net income per month is also the insurance of 12,000. What kind of housing money to pay 3000? I can buy a set too! 'Yes, nothing. But because the house so what you are expensive. You dine, your traffic, your tuition fees, medical costs and more expensive! ! ! So the money you pay the room repeatedly besides the cost of alive is basically a penny to save for it, even if the storeroom point is also not keep up with normal inflation rate. The question is will retain the status quo if so, in methodology, should be all right. You two decades earned money just to make up for the detriment of two errors. -
But the problem also lies in here. As of the end of the buffer WTO5 years, a large number of alien communications, banking, therapeutic, insurance and so companies will have moved into China. At that time no one can stop you put money into Citigroup, HSBC deposit. That time to ask who would be willing to put money there so many bad debts of state-owned Chinese banks? How to take measures even if the Government could then run, so what will happen when the time is still hard to say. But one thing is certain is that when the oppression of state-owned these banks will become very large. Loans will be more difficult to add, because banks have no money to loan-to! At the same time a large number of foreign-funded enterprises with high-quality genius to enter the Chinese market will bring a muscular clash and the breakdown of a large number of existing enterprises and white-collar unemployment. That is. Once the foreign-funded enterprises to enter the emulation, China's existing 99% of the white-collar workers will face a big job under oppression! -
and foreign banks started to provide in once the amassed asset, real estate, it is regular because of their operational processes so made out of the house will be cheaper, with the inevitable pull the citizen real estate declines. As I said earlier, housing prices have fallen, or is followed by the business in your wages! Can you buy a house before prices will not lower repayment or rebate, so you will be incapable to pay exorbitant loan. Then your house will be taken away by the bank, your deposit will be directly freeze. So the future white-collar workers in Chinese cities are maximum probable and a few decades ago as China's state-owned enterprise workers. Hard two decades, in the end 竹篮打水一场空! -
how to avoid bankruptcy? -
see where you should be aware, do not buy a house is a good way to shirk bankruptcy. But I would also like to prompt you not to try to jack up the property market down, they have a way, it is not advocating people do not buy a man child! You do not say, this is really a little achieve. People now a port of the first sentence is: 'do you have chamber. 'It seems you do not like the room is a eunuch. I am really angry with the strength to swear no. Mizuki weeks in Baidu also post it in this post Ping said: 'do not buy a house do you live? 'I marvel, is there a causal interlock to live and buy it? In China, a land not belonging to your house and rented out to you to sell you What is the difference? (Laughs). Not to mention the thieves who, like attribute and unfit person to compelled evictions! This is not purely a 'Emperor's New Clothes' it? But since the WTO has been that China's promulgating industry and the medium industry is still not open. Then public attitude will save the mart and developers in the hands of the administration last trump card. -
so we face a lot of rhetoric, when more than half a brain or your own. After a package of lies we listen build up property, more crazy! For example, recently there are brick home not expensive in price when the advocate said: 'What if 5 million annual salary, the couple is also the year of 10 million, 5 years to 50 million. So of course, price is not expensive. 'I was actually wondered some people nod? Perhaps for this or these have evolved to eat or drink is not fixed and patients do not dress dead dad and mommy had no use for the maintenance of the brick home really is that the case may be. Therefore, consideration to vigilance. -
Conclusion: -
must buy a house or preparing to buy a house
white-collar family home prices will collapse as the collapse happened it would be a slow process. As short as two years or at the peak of ten years. But this is an irreversible trend. Therefore, China has 99% of urban white-collar family, said a bankruptcy not an alarmist! Today you pay for each housing delivery to the bank for the Government money for real estate speculators who are repairing the hole, only a small part of the room is real money. Tomorrow, the context changed, and you do not have that much money to fill the hole 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 the pictures! - PS: Why do I say 99% of this number, because according to my understanding once the monthly salary of 99% over 5000 people began to buy a house, or even to buy 3000,4000. What lovers do not understand that this life will be miserable going to buy. I just feel melancholy for them. Of course, if you're that 1% of the wise men, and more to persuade them to save it. Better Together lonely. -
Chinese are the four colossal when
largest when: real estate
buy a house mean? Means that you have a house of their own. Yes, you thought so, but in China you do not own this house, you just rent it. Because the house is yours, not your land, but the land use rights for 70 years (70 years from now it was back during the War, who saw time in the house?). House is usually about 30 years old renovation or demolition will be met. That means you spend the money to buy a house, but can only be renting the substantial results. Of course this is not the worst. The worst is when a few years later, you find that fooled! A group of hooligans broke into you life savings to buy a house, drawing a big Chaizi! Then all of your possessions, like when the waste is still out the gate, despite your apologizing, and even the newspapers also give you a fasten by a notorious family, any damage of the public when you will know what despair!
narrated China's real estate has a notable joke is written like this:
ago, there was a landlord there are many places to find a lot of permanent work, the owner to have established a permanent home to a number of mansion unity, one day, the landlord's advisor on the landlord, said: landlord, long-term employment are the hands of these few years some money, they live in your house, the monthly pay Zuzi, not worth, anyway, they never afford to live,Gucci Shoes, do not you just sell them the house is phoned from a cheats - public houses for sale! Tell them that the house belong to them always, you can save them money back in recent years, the landlord said: Yes, that rent how to do? Advisor, said: collects no fault,Mens Gucci Moccasins, from a Japanese appoint of children, cried the property costs! Landowners to implement quickly, and make a lot of money, long-term employment are the happy ah!
a few years, the landlord of the village into town, and the rich build up, no place to live, advisor to the landlord, said: owner, long-term employment are the hands and money in recent years, we give them build a new house, called from a transformation of the old tricks, they switch their money to us, and we demolished the house to build a new, and ask them to buy back, you can sell more than cover a number of others, the landlord has carried out, this time, Some long-term workers are not happy, the landlord's retainers put to use, the permanent teeth have had to knock down the pharynx to the tolerate, the landlord has made a lot of money.
Then, after a few years, the landlord of the village adult into a big city, and the wealthy more, the landlord of the land more expensive, and advisor to the landlord, said: club, we put these permanent houses demolished in this place to build villas, split out of the house sold to cover those who can earn a sum of money of the wealthy, the landlord said: how to do long-term workers who leave? Advisor, said: we give them a little more money, call their places from a monetary settlement, then we built our barn next to the house, from a tricks called affordable housing, they built a carriage road to grant them to buy over there room to live, the landlord said: how do they have enough money? Advisor, said: the banks borrow from our house to them before, 6 points a year profits, but also with money, money, nothing if cubs, not anybody hazard, the landlord has carried out, permanent they got the money, the landlords of affordable housing until now built a long-term employment they had to line up the house, until now, still waiting for it ... ...
Thus, long-term employment began to make trouble, and the landlord a little nervous, hurriedly asked counselors how to do? Advisor Shui: they must advertise their long-term employment, the house should be dripped in price, do not buy, rent to live it, just rent them to our pen, the result, so many years, long-term employment have all the money gone, still rental housing, forever!
joke though a bit amplified,Mens Gucci Sneakers, but in fact it not also true? Some people say that being the case? Why do Chinese people must buy a house? Crazy to buy? Why? Is not the result of the stupefying education, as if 60 years, advocating that people must buy Big Three: watches, sewing machines, bicycles can be a truly successful people marry a wife. 70 support that people should buy a new four pieces: TV, refrigerator, washing machine, install the call can be considered as a wife have children to succeed, like memorize to install the phone, but to thousands of dollars a ah (per capita income of the small town of less than 200 ), while tens of thousands of Beijing and Shanghai is more a time, must take the human number line to buy, and how to buy a house today, the analogy?
Today all the shit
scholars began to fool the people of this set of the age trick: white-collar home of fashionable standards, fashionable alternative as successful small size X ring X Road, X X Road, Central, commercial and residential type. After you receive hundreds of thousands, must charge you a monthly rent (the new treatment fare), bank interest, and various sorts of pardons to heave interest rates, policies and so above and so along. In short you are not terrified to necrosis, but fearful not suffer you to dead! Gnaw above how merry people fooled, but a hundred on the tire of it? I am really vexed and obtain it all wet!
second when: Employment
sigh when someone finally started: the year when the taught youngster, when people are laid off after no way out, no one can sit-in protest against the Council, who also compiled the streets can only be dwindled to laugh at life is brave anthem, begin over the time. Have you ever thought of! They likewise have the same landscape and white-collar employees today! Income and status they had let the people around envy? Have you ever thought 20 years later! Like you would like them descend on the streets, deserted? !
Some say Hey! You do not know the unemployment warranty, subsidy assurance, XX assured it? Oh, I float in Beijing, N years, many insurers pay tens of thousands about it, but when the Pao Duantui unemployment and no one gave me Han insurance, but many insurers have been frozen that I had to pay off, and I could and anger ... ... than that, you think you do to the age of 60 can get old-age insurance? Out of the sky without money! Today's pensions get older is that we earn! Today 30-40 years of old commonly have several brothers and sisters! Means that today's aged to get a pension at 60 is for there are 5 people for one old man! And after our generation is the old one for us 2 old people! Money comesintoseffect? Did not must! If you are skillful to live to 90 years old can receive a number of pension estimates, hey catch on it to you. But even so, parents are still mad for the kid to the various elements in the state-owned enterprises to bring, to me to always have such one example. A far comparative of my home, find the relationship between drag friends, spent seventy dollars to his son via an open recruitment group sent to the traffic police, dry on the compact of police. Get 800 a month. Competition results in the third year was down to the brush. Family crying, I said, a good brush, you acquire a lifetime ban on that seventy that does not return, and quickly wash before sleep, and then scrape together some money to change out a small business, go! Probably can earn.
when I graduated, I took me uncivil language is holding the money, the Department sent me to the XX. I saw the male responsible for recruitment that morality tin not aid the nausea, Made in salary,Mens Gucci Boots, uncivilized language, I'm the pearly dry it is not only back 10 years, the cost of edible or beverage. So I'm a private guy threatened, scared that potbellied X chief no longer afraid to admit me. I have had: to escape away.
I wanted to do not understand? How come Chinese people silly? Such a superstitious country word it? Wake up, that line of thinking is not normal? Prior to his work does not pay to not enumerate cost-effective?
there are those little young white-collar workers who find work best to pay a higher point, not the insurance to health insurance and nothing, and then save up their best insurance money, will need it.
When the third-largest
: Education
a diploma worth? A diploma worth? A diploma worth? The top of the printing costs two dollars a day. A teacher pay? Hey, two students a semester tuition enough! A class paperback publishing how much? Two students, enough! How much rent one class a semester? Hey two students enough.
! Hey! Education in China receive so many money you Why the hell! ? Hey! The people are! Why we must be taken? Because the verdict level to narrate us young scholar was admitted to glory. I'm apologetic, I was wrong, and is admitted to the University was honored. But why do people not want to think about honor? Why ... ... University scholar medal what is not consume!
you know who your child is educating it? Generally in China, people can not adjust to society will chance a instructor, case in point. Some time ago I was a project between the University to detect a few graduate students to do procedures. Result very few people silly, do not give you full consideration, guarding you only must work, but also to the documents was a typo, not to alteration, so you find even told you seriously, is this not his mistake , is that you give is wrong. Little sense of liability, will not think whether one is to do things and do things or to do one entity and doing things. I was very calm and gave them reason: you must learn to think for others, cerebral what additional people want results and then do things. Otherwise it is impossible to survive in society. The results of a few, said: We did not go to the community, we are very agreeable exam results, schools should we have stayed for a pedagogue. Originally, we have naught to say the wrong, how do you plan how we do it, do not you arranged for us not to do. This is our reputation and principles. I said: If you go to the porters, the boss did not sort for you to work when the bolt will not lock up your warehouse? You chilling you? After your child is below the guidance of such a person learn and grow. Rest insured it?
is no wonder that seminary cohabitation, truancy, fighting, suicide ... ... but the parents are still willing to spend money to send their children to educate, and life is to cost the money.
fourth-largest when: buy a car
Chinese people crazy? Buy a car? Why buy a car? ? ? Of course, you not only money spent, you love how to buy how to buy, buy a car, anyway, how up you Huabu Wan oil money, the house demolition you should not feel bad. But most people do?
I had a companion to live the North Second Ring, the enterprise Xizhimen there. Most probably take the subway to work each hour. Charade may must buy a second hand, every morn at 8 o'clock on the road Duzhe, and then moved to the corporation little by little. Hey, a month parking fees are a lot. But they were felt to open the car its own personality senior point. Not to mention open a Charade, Audi is open to whom I have not seen the three knock 9 who adore. In adding to look a little silly than others outside their own no other effect.
another cause, I met the girl a month income to 4000, loans to buy a car in the plan. 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? Thought for a long time, it is estimated can not think of any cause came and said: sometimes go to the supermarket to buy things right, hit another car close the point is not worth that, walking and far from the point. So pedal yourself go! I almost did not hear nauseating. You drive to the supermarket to buy immediate noodles do not feel sick it? Equipped with cellular phones to go incommunicado, is incommunicado for! Do not think that buying a car can certify everything.
example, I now own business, very busy day to run about 4-5 places, discern a lot of customers. But I do not buy a car, why? I took a cab that came with the migrate, hit left, no place to anxiety about parking, do not worry about hanging a touch, and without fear of being thieves knotted, regardless of rain has hung the air driver. Bumped a traffic jam if you can get off the metro. More than ten thousand a year will stop RMB! Buy a car! Parking fees had extra than ten thousand a year! This is not stupid it?
Do not buy a car buy a car
said, there are countless people who can be crazy to go lend money to buy? Die in their own future must not suffer also like! Buy it, buy a not achieved raising interest rates? Oil prices are not lunatic? Parking and is not expensive? Regret not it? The road to a cheapening of the new motorcar bargains are also not sell the right? ?
tell you that fuel prices have to ascend. Must be the same as fuel prices rose and the dollar. Hey! You take the old U.S. 1 / 10 of earnings, family assist and a price of petroleum. I think you do not have to se.
final say, everybody is not stupid, are small by stupefying education Jinong Han had. Silly point does not material, but of life or death thing you still firm with the point, more calculating the relationship between the economic interests of plan! Do not end, a real estate or oil of a rose, took the money to pay the repose of your life all butmething Han diploma will not do, for several decades to pay exorbitant taxes and levies being no further Han Han. You can not just post losses of hundreds of thousands.
What was said? Oh no way, do not, and do not buy a car you, the bus ah good squeeze. I said that out of all the stupefying education is doing strange vanity. You look at me, just rent a house to live more than a thousand pieces a month, it is equivalent to some people's property costs. If you want to get marital I still afford to rent 3-4 thousand, and furniture decoration should be a entire. Which convenient, but also where I live. Not want to move to long-term rent. And also a variety of cross-property charges. Province, also in vain that the banks loans, interest, down payment heap. Something kick the car, nothing on the subway, ten thousand days a year, and also save a garage, parking fees, fines and other pile, the oil price rose to 10 also Lehe, do not defer things. I ran the University did not finish, when the market a self-study while maneuvering to run their own business, do not they also can enter the foreign-listed companies as a manager it? Also saves the tens of thousands of tuition fees.
course, some people would say: You do not even have a house to purchase, specify no wedding. I thought to myself: I do not, you think you have ah? Some folk mention namely namely not worth renting, leasing up alternatively something else, hey, do you think has a few annuals apt purchase a house lend, paid off is your, ah ... ...