The price of an item rises.

Simply put, it is because some buyers compete more than sellers compete, which leads to price increases in items. The professional term is inflation.

The same is true for housing prices. Behind high housing prices, there is always the shadow of wealth.

The broad currency m2 (an economic concept that reflects reality and potential purchasing power), has been frequently mentioned by American experts recently.

According to statistics from the Institute of Economics, since 1985, the US m2 has grown by more than triple in the past ten years, which means that more money is circulating on the market, and real estate is the important direction of money.

This was an unprecedented large transfer of wealth that occurred in New York City in the 1990s. During this period, no new wealth was created, but only the horizontal flow of funds.

Household residents in first-tier cities and some second-tier cities will automatically become beneficiaries of this wealth transfer, while the wealth of residents in other parts of the United States will quietly shrink without realizing it.

From October last year to now, in less than a year, the average house price per square meter in New York has soared by 18.3%, and the highest growth rate is Manhattan's Upper East Side, with an average increase of 22.7% in real estate prices!

Han Xuan just helped light the fire, and the land prices in New York were like crazy and kept being raised.

Seeing that it was profitable, a large group of people and institutions came to New York to buy a house.

The rise in housing prices in New York is like a signal of the recovery of the US housing market, driving housing prices in other big cities to rise to varying degrees. For example, San Francisco, housing prices increased by about 9.5% compared with the same period last year.

It is called "a century-long surge" by locals in New York!

The government saw something was wrong as early as the beginning of the year.

The Ministry of Commerce issued a new policy on January 1 this year, ordering state governments to reduce tax revenue in real estate purchase transactions, and major banks are also lowering the threshold for personal home purchase loans.

This continued until the end of July.

Some experts from government think tanks have suggested that this is overdrawing residents' future purchasing power, causing false economic prosperity, and pushing up the real estate bubble. The real estate bubble that occurred in Japan in 1991 is a lesson learned from the past.

This attracted the attention of the Clinton administration, who was blinded by the inflated GDP, and quietly reduced the government's support for the real estate industry.

Since August.

The total number of house transactions in New York was basically the same as in July, and the grand occasion of increasing transaction volume did not appear.

Donald knew that in the next period of time, the New York property market would enter a period of stable development and it would be difficult to have room for operation.

So he turned his attention to London, England across the Atlantic Ocean. He tasted the sweetness from that real estate speculation incident and wanted to replicate last year's practice again.

Looking at the housing price trend charts in the United States over the past hundred years, you will find that housing prices have not appreciated forever.

Even if the appreciation is small enough to be ignored, the house continues to depreciate for a considerable period of time.

In Han Xuan’s impression, there was only one particularly serious real estate bubble in the history of the US real estate industry, that is, the US housing prices rose more than twice in the seven years from 2000 to 2006.

The global credit crisis that began in 2007 was also closely related to the previous US real estate bubble. Some people who bought houses at that time found that they bought a house at twice the price and immediately stopped supplying installment loans, causing a large number of bad debts in the bank.

It only rose by 2 times, also known as the worst bubble in American history, is simply not worth mentioning compared to the rise of 5 to 10 times in 10 years.

After the US housing prices rose to peak in 2006, they plummeted, and in less than three years it completely fell back to the price before the surge, and even returned to the price 100 years ago. This is the data obtained based on inflation.

Without exception, after the US real estate market soars, it will plummet, squeezing out the bubble in the real estate market. It is a miracle that a huge real estate bubble like China will not collapse in the future.

But bubbles are bubbles after all, and are used to treat high-priced housing that is seriously inconsistent with reality as a value-preserving investment product. Sooner or later, they will be unlucky one day.

In developed countries with a complete supervision mechanism, it is a miracle to have a profit of 30%.

This time, Donald not only sold the property that was backlogged, but also quickly sold it at a price equivalent to 120% in October last year, causing him to become a popular figure among American real estate developers for a time. Many people followed him and gained the title of the king of real estate in New York.

After hearing Donald's words, Han Xuan fell into deep thought.

In the past few years, Britain suffered great energy in the fight with the forces behind Soros, and its economic development has not yet recovered. The economic upward momentum in the early 1990s was in a slump.

In Han Xuan's opinion, now is not the best time to speculate, so he spoke: "Wait first.

You first build a batch of houses in important British cities such as London, Manchester, Liverpool, etc. Don't rush to sell them all. I will notify you when the time is right.

You keep the people who hyped up the New York real estate market last time, and they have experience.”

Donald was a straightforward person who couldn't hide his words and immediately asked, "Why is it not suitable now?"

"The British have no money, who will you sell to if the house is built?"

Han Xuan asked him back.

...

There are no large cities in Silicon Valley, so you can't drive to San Francisco just to have a lunch.

I saw a Chinese restaurant called "Sifangke" in downtown Santa Clara. Han Xuan patted the front seats and asked the driver to park the car.

Donald looked out the window and didn't like to eat greasy Chinese food, especially this kind of small Chinese restaurant that looked unhygienic. However, he didn't say much and followed them out of the car and tidied up their suits.

Anya is now learning French and Chinese. Although she is smart, she is not as perverted as Han Xuan and Isabelle.

In order to learn these two languages, I spent a lot of effort to study and talk about some daily speaking skills, but I was stunned when I read books and encountered some remote words.

Han Xuan spent a lot of time to tutor her. Although she often said that Anya was a little fool, she knew in her heart that her language talent was a little better than most people, but she just lacked practice.

At this moment, Anya pointed to the red couplets carved on the wood on both sides of the door and read word by word: "A guest returns to his hometown and is still a guest, and his home is home.

Han, what does this mean?"

"It probably means leaving home and making home in all directions."

Han Xuan said casually.

Americans are the countries formed by people from all over the world to the North American continent, and their rural concepts are very lacking.

Most of the newly grown children hope to stay away from their hometown and go around.

Therefore, Donald, Anya, Harris and others cannot understand why they should write such sentences at the entrance of the restaurant.

When I walked into the restaurant, it was lunch time and there were quite a lot of guests.

Silicon Valley has many talents from all over the world, including Xiangjiang, Baodao and China.

When they are tired of Western food, they occasionally come to the only Chinese restaurant in the nearby town to change their tastes.

Among those diners, there was a guy who was lying in the sea of ​​beef noodles, which attracted Han Xuan's attention. It can even be said that his expression is simply stunned.

The classic Sanqi development model, small head and big forehead, this face that looks weird now but later became a classic model, who else can Jack Ma be? (To be continued.)
Chapter completed!