My Age of Investment

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After driving for a while, the car arrived at the villa in Palo Alto.

After Zhang Chenguang parked the car, Xia Jingxing got out of the car together with Liu Hai and Jiang Ping.

Walking out of the garage is the big garden of the villa. The afterglow of the setting sun sprinkles in the garden, plating a layer of gold on the colorful garden.

The wind blew gently that night, and the flowers swayed gracefully, as if welcoming guests.

Liu Hai lightly sniffed the fragrance of flowers in the air, and said intoxicatedly: "Jing Xing, you still enjoy life and decorate your home like a paradise, which is enviable!"

Jiang Ping looked around, but kept nodding, "Full of vitality and elegant sentiment."

"Hey, by the way, I remember the last time I came here, it was still bald, why did it suddenly change so much?"

As soon as Liu Hai asked, he saw a person standing up in the garden.

Wearing a white T-shirt, jeans and an off-white woven straw hat, Kristina looked like a girl next door.

The foreign girl held a shovel with mud in one hand, and waved the other hand at the three people in the distance.

"I said, I almost forgot that you have a good wife!" Liu Hai laughed.

Xia Jingxing spread his hands, "I can't help it. Rural girls are so hardworking. If they don't work in the field for three days, they will feel uncomfortable all over, and they can't hold back."

Liu Hai had no choice but to shake his head and sigh with this old Versailles, "Hey, it seems that I will go to the Texas countryside someday to see if I can trick my two daughters-in-law back. I don't have any requirements, I can plant flowers Just plant the land."

"Hahahaha~"

Both Xia Jingxing and Jiang Ping laughed out loud.

"Brother Liu Hai, Brother Jiang Ping, long time no see."

The foreign girl walked over from a distance with a smile on her face, and began to greet her in proper Chinese after a while.

After approaching, the foreign girl took off the straw hat and kept fanning herself with it.

Sweat wet the foreign girl's skirt, her forehead hair was also in locks, and her face was as red as a ripe apple.

"What are you guys talking about? You laugh so happily."

Liu Hai glanced at Xia Jingxing, and immediately sold the latter.

"Jing Xing praised you for being good at farming, and he said that he would take you back to his rural hometown in Rongcheng to plant rice seedlings and grow beans if he had the opportunity."

Not only was the foreign girl not angry, but she was very happy, "Really? That's great! I like that kind of idyllic life the most."

The foreign girl's joy was beyond words, and regardless of the flower mud in her hand, she grabbed Xia Jingxing's arm, "After a while, let's go to China to help your grandfather farm the land, shall we?"

Xia Jingxing didn't expect that the foreign girl was really active. If the photos of her transplanting rice seedlings were captured by the BBC, wouldn't it be another new material to discredit China. The people are in dire straits, and even the richest family has to farm.

Speaking of which, it's not that he never thought about taking his grandfather to live in the city.

His father has also persuaded him for many years, but his grandfather would not listen at all, and his temper is very stubborn. The elderly may have been used to the life of sunrise and sunset, and their social circle is also fixed in that small mountain village.

Several people entered the villa talking and laughing.

The foreign girl recruited servants and cooks to prepare dinner.

Xia Jingxing took Liu Hai and Jiang Ping upstairs and entered the study.

The three of them sat on the grand master's chair, sipping tea and gossiping.

"What's going on on the East Coast?"

Xia Jingxing took the purple clay pot, poured a cup of tea for Jiang Ping, and looked up at him.

Jiang Ping said calmly, "At first I had some doubts about your judgment on the US property market. After reading the reports sent back by the market research team in the past few days, I completely dispelled my doubts."

Staring at Xia Jingxing, Jiang Ping paused, "Even if it doesn't collapse this year, it will collapse next year."

Xia Jingxing had neither joy nor sorrow on his face, he added a cup of tea for himself, and gently put the purple clay pot on the table.

The market research team was formed by him a few days ago.

And formed two branches.

Jiang Ping's team is responsible for investigating the east coast, and Liu Hai's team is responsible for investigating the west coast.

The two teams started to investigate the property market from California and New York respectively, and finally converged in the middle of the country. The survey area was connected into one, running through the map of the United States.

The purpose of this arrangement is to grasp the real estate market situation in various states and economic regions of the United States.

This is a very large investment, not only to reassure his own heart, but also to reassure the hearts of customers.

Only with the most detailed data can Gates and these LPs get on the bus with peace of mind.

This kind of financial speculation also requires careful deployment, which is the same as Muddy Water once hired thousands of part-timers to guard Ruixing stores around the clock.

Jiang Ping helped the glasses on his nose, and continued: "The investigation team went deep into every neighborhood, tracked the economic situation and income of hundreds of borrowers, and assessed the risk of each housing loan.

We found that most people do not have the ability to continue to repay.

In other words, they simply do not have the repayment ability, let alone continuous repayment.

The reason why financial institutions lend to them is naturally to covet interest and commissions. Anyway, they can sell the debt package to Wall Street.

This business has formed a complete industrial chain, from local banks to Wall Street investment banks, to large commercial banks and insurance, each institution can share part of the benefits from this industrial chain.

No one cares whether house prices will fall or whether borrowers will pay back the money, because there is always a fool further downstream to take over for them. "

Xia Jingxing nodded, as the saying goes, under an avalanche, no snowflake is innocent, the US property market bubble is like this.

He turned to look at Liu Hai.

Liu Hai smiled happily, "The situation on the west coast is the same. In order to attract customers, banks have also innovatively launched many kinds of housing loans.

Not to mention the zero down payment, they even played new tricks on repayment.

For example, after buying a house with zero down payment, you can only pay an interest rate of 1% for the first three years, and after three years, the interest rate will be adjusted to 4%, 5% or higher.

This kind of floating interest rate directly solves the problem of low-income borrowers who can't even pay the interest of the previous installments, which is more attractive than zero down payment.

Americans are used to credit cards and advanced consumption. Consumerism is prevalent. No one will think about what will happen if they pay off their loans in three years.

In addition, the real estate agent kept bragging that the house price would rise in order to get a commission for selling the house. At most, he would sell the house in three years and make a fortune, and move into the house he wanted in advance, how comfortable it would be.

Many low-income people or people with unstable economic incomes were fooled into getting into the car in this way.

There is also a product called a "home equity loan" that helps borrowers feed off their loans with loans.

What does that mean?

Let me give you an example, a $1 million house is purchased with zero down payment, and $1 million is all debt.

When the price of the house rises to 1.2 million US dollars, you can borrow 200,000 US dollars, and use the money to pay interest, which is more than enough.

I read the report sent back by the market investigators, if you don’t do the vacant housing market, you are simply sorry for the wonderful scene created by these young geniuses.

A stripper bought five suites with tips from customers;

A Mexican immigrant who picks strawberries earns $14,000 a year, but buys a house worth $700,000;

Even more exaggerated, someone used the name of a pet dog to make a loan, which was also approved.

Don't think this is magical, but realistic.

Bank loan officers handling loans could only disburse 10 loans a month in the past two years, but now that number has ballooned to 60, which represents a sixfold increase in commission income.

No one cares about whether there will be problems with the loan. The most important thing is to get the loan out.

The bank executives may also know that there are problems with these loans, so they sold the debt package to Wall Street, and Wall Street sold it to global investors.

It's like the emperor's new clothes, everyone knows there's something wrong, but no one takes it off. "

Xia Jingxing smiled, "It seems that this survey is very interesting, there are so many interesting discoveries."

Liu Hai spread his hands, "It is not surprising that the United States has its own national conditions and self-interest prevails."

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