Wednesday, October 7th.

This morning, 15 banks in Xiangjiang, led by HSBC, jointly announced that the bank's best interest rate will be increased to 20%.

At the same time, the interest rate for mortgage loans that are closely related to residents has increased by 1% to 21%!

This is the highest interest rate in the banking industry since the opening of Xiangjiang port!!

Even during the real estate frenzy seven or eight years ago, I have never seen such a high loan interest rate.

If you say this and feel that it is not vivid, you can compare the loan interest rates of Xiangjiang three years ago, that is, the year Yin Jun came to Xiangjiang.

That year, real estate in Xiangjiang had not yet begun to start and was still recovering slowly.

Therefore, the average preferential loan interest rate in Xiangjiang this year was only 6.68%, and the interest rate for mortgage loans for home purchases was slightly higher, which was 10.62%.

Such a comparison.

In just three years, the interest rate has doubled at the lowest, and ordinary loans have increased to about 3 times the original one!!

What a heavy pressure this is?

Those who want to take out a loan to do business are just about to cry!

If they started to borrow three years ago, at the current interest rate, it would be equivalent to a loan that they had spent several years in vain.

This is of course a good thing.

But the problem is that if they want to borrow money now, it would be equivalent to three times the interest rate of the loan three years ago! The interest expenses are so much!

The problems of merchants are not very widespread. After all, there are about 6 million people in Xiangjiang, and only hundreds of thousands of merchants are there. There may be only half of them who need loans.

Ordinary people are different.

Buying a house is a business for almost every household, but everyone basically has no money. It only depends on loans to buy a house worth hundreds of thousands or even millions.

Now that the interest rate has doubled, the monthly income will be more than hundreds or even two or three thousand yuan. Who can afford it?

When a family grits their teeth and wants to buy a house, many factors actually affect their final decision.

For example, if the interest rate will double every month, it will make their tense nerves immediately break and they will never be able to find the courage they had before.

So for a moment, many people who saw the house prices soaring and wanted to buy a house with a loan immediately felt as if they were poured on their heads by cold water, and became much more awake.

Should I buy a house now?

Can you borrow so much from a house and then be able to repay it?

Is the house a sacrifice of everything that must be bought?

Can I live well after buying a house?

If you don’t buy a house, will life really be unable to continue?

...

Such thoughts echo in the hearts of many people.

In response to such a "dangerous" idea, real estate developers in Xiangjiang immediately responded as quickly as possible.

On the morning of the 7th, HSBC Bank and others announced the decision. In the afternoon, more than 20 newspapers including the supplementary "Qilin Daily" and "Pear" published a series of statements from real estate developers in Xiangjiang in succession.

"The company strongly supports the decisions made by the bank to respond to the situation, but in order to meet the citizens' high demand for buying houses, our financial companies will provide interest subsidies for every home buyer, up to 10%!" Chinachem Group.

"New World Development has always put the interests of citizens first. Now that interest rates are rising, we are willing to be anxious about what citizens are anxious about, subsidize the interest of home buyers in terms of housing purchase payments, and strive to allow citizens to enjoy the best interest!"

"Don't be afraid that the interest rate of the bank is high! Everything has Eagle Real Estate! Please consult xxxxxxx"

"Let every home buyer get the respect he deserves! Sun Hung Kai promises that the actual loan interest paid by all home buyers will not increase by one immortal!"

"Henglong Group has launched various discounts, with 5-year, 10-year and 20-year loan interest subsidies for home buyers, and you will be surprised if you call!"

“…”

OK, locality is great benefits.

In less than half a day, the smart real estate developers immediately actively provided response measures, which are absolutely invisible in mainland China.

Originally, many citizens had already lost their desire to buy a house, but after being disturbed by them, many citizens' hearts became active again.

no way.

We can't blame them for being fickle, but the magic of the house is definitely the most worrying thing for Chinese people.

So, from afternoon to evening, the real estate sales departments of major real estate developers were all crowded.

Everyone is asking if this offer is real, how do you pay me back the interest after I buy a house...and so on, keeping every property consultant busy.

But the effect is also amazing.

Just on the 7th, the number of house purchase agreements signed reached the total of all houses sold in the first six days of October!

Faced with the influx of loan applications, HSBC and other banks were stunned.

They didn't expect that the interest rate was so high that the people could still buy a house without hesitation.

Although there are subsidies from real estate companies, aren’t you really afraid of raising loan interest rates again?

If it is higher...

Then it is probably not just the bank's action. The Chief Secretary and the Finance Department will definitely take heavy measures to vigorously curb this crazy behavior.

...

Standing on the top floor of the manor, Yin Jun looked at the mountain covered with lights.

The layout of the luxury house on the top of Taiping Mountain is very distinctive. No house will be blocked by another house. Everyone can see the scenery under the mountain.

This condescending feeling greatly satisfys the psychology of the rich, so this is also an important reason why Taiping Mountain houses are the most expensive in Xiangjiang.

It was already 9 o'clock in the evening. Although the night view of Xiangjiang has not yet become as dazzling as "one of the four major night view in the world" in 20 years, it has become a very prosperous expression in this era.

Yin Jun can still see that there are still many construction sites in the urban area below the mountain, who are busy working.

The people of Xiangjiang have many shortcomings, but at this point in time, they still have to win much better than those in the mainland.

Just now, Li Chao called Yin Jun.

Changjiang Industrial has begun to consciously reduce the development of medium- and long-term real estate projects since last year. This year, no new construction has begun. Now it has only about 15 real estate projects, and the area is not large, and there are only more than 1,200 units sold. It is one of the top ten real estate developers in Xiangjiang, with the least one launching houses.

Many people do not understand Li Chaoren's approach, thinking that after he got Hutchison Whampoa, he was already satisfied, and thus lost his enterprising spirit and just thought about maintaining his achievements.

Only Li Chaoren understood that he was not timid and afraid of things at all, but was frightened by the crazy housing prices. He felt that it would collapse sooner or later, and the collapse must be an avalanche, so he must stabilize himself and keep Hutchison Whampoa, which he had finally obtained, so that he could continue to develop after the collapse.

Therefore, Li Chaoren didn't take the crazy profits generated in these few months seriously.

Compared with the following years and over the past decade, the proportion of this profit is still too small.

He was not sure that he was dancing on the tip of a knife like Yin Jun, so he would rather give up the uncertain interests now, even if these interests seemed too tempting.

That's all for Li Chaoren.

He is not greedy.

It is rare for a person who is not greedy to suffer losses when doing business.

The final collapse of those rich people was mostly because they were greedy and were greedy for more.

And those rich people who lived to the end were all those who were careful and down-to-earth in business.

You can say that they are old-school and conservative, and missed the best opportunity to make a fortune in the development of the Internet era.

But why don’t you think about it? If they invest when they meet an Internet company, then by 2020, will they still have assets of 20 to 30 billion US dollars?

The first Internet crash in 1999-2000, no matter how big your family is, you will lose money. What is the tens of billions? Tens of billions will be gone in an instant.

In Silicon Valley, do you think miracles have come out much, such as Google, faebook, twitter, uber, ins, burning after reading... It seems that you can make money if you invest, right?

But if you tell you that on average, more than 100 ideas come out every day in Silicon Valley, and more than 30 companies go bankrupt every day, then do you still think that venture capital in Silicon Valley is easy to do?

In fact, everyone's eyes only see these successful companies, but ignore that they are standing on countless losers.

If the wealthy people in Xiangjiang gather to invest in Silicon Valley, no amount of money can be consumed.

Therefore, everyone is similar to Li Chaoren. Since I don’t understand this, I will not do it. Everything will be carried out according to the past and move forward steadily.

This is the wisdom of the Chinese, but it is not just the wisdom of the Chinese. Many century-old stores in Europe and the United States do this.

Including Walmart, Volkswagen, Chanel, etc.

My thoughts are a little distant.

Yin Jun slowly withdrew his mind and focused on the present moment.

From now on, it may be another game.

Although Cheung Kong Group did not go deep into it, once this involved the interests of all real estate developers, Li Chaoren would definitely follow them, regardless of whether he was against the Hong Kong and the Mansion.

The Xiangjiang government and real estate developers cannot live without each other, but they all want to hold each other tightly and let them proceed to the next step according to their own wishes.

Their fight is nothing. The key is that the people below are really embarrassed in the face of fierce turbulent game!

Now it’s difficult, but after nearly a year, it’s not as simple as being embarrassed.

An unprecedented catastrophe is about to sweep the entire Xiangjiang River!!
Chapter completed!