Please do no purchase a house and motorcar of the

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- Hong Kong's noted economists - Lang
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Chinese are the 4 big when -
largest when: real estate -
buy a house average? 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 cheated! A team of hooligans broke into you life savings to buy a house, painting a big Chaizi! Then all of your possessions, like when the waste is still out the door, antagonism your appealing, and even the newspapers also give you a nail by a notorious family, anybody abuse of the public when you will know what despair! -
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described the Chinese real estate has a famous joke is written like this: -
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ago, there was a landlord there are many places to find a lot of permanent work, the landlord to have built a permanent home to a number of architecture unity, one day, the landlord's advisor on the landlord, said: owner, 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, do not you just sell them the house is called from a tricks - public houses for sale! Tell them that the house belong to them forever, you can save them money back in recent years, the landlord said: Yes, that rent how to do? Advisor, said: collects no mistake, from a Japanese name of children, called the property costs! Landowners to implement quickly, and make a lot of money, long-term employment are the merry ah! -
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a few years, the landlord of the village into town, and the rich pile up, no place to live, advisor to the landlord, said: owner,GHD Purple Gift Set, 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,GHD Blue Straighteners, 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. -
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Then, after a few years, the landlord of the countryside developed into a big city, and the wealthy more, the landlord of the land more invaluable, and advisor to the landlord,GHD Diamond Flag 2011, said: union, we put these lasting houses destroyed in this place to establish villas, split out of the house sold to cover those who can earn a sum of money of the millionaire, the landlord said: how to do long-term workers who discontinue? Advisor, said: we give them a little more money, phone their places from a financial accommodation, then we built our barn next to the house, from a cheats 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, naught if cubs, not any risk, 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 ... ... -
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Thus, long-term employ began to make difficulty, and the owner a little nervous, hurriedly queried counselors how to do? Advisor Shui: they have to notify their long-term employ, the house should be dropped in price, do not buy, rent to live it, equitable rent them to our pen, the result, so many years, long-term employ have always the money gone, still rental housing, forever! -
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joke whereas a bit amplified, 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 have to buy Big Three: watches, seaming machines, bicycles can be a truly successful people marry a wife. 70 support that people should buy a new four pieces: television, refrigerator, washing machine, setup the phone can be thought as a wife have children to succeed, like remember to install the phone, but to thousands of dollars a ah (per capita income of the small town of fewer than 200 ), when tens of thousands of Beijing and Shanghai is more a time, must take the people number line to buy, and how to buy a house today, the counterpart? -
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Today all the shit
scholars began to fool the people of this set of the old trick: white-collar family of new standards, new choice for successful small size X ring X Road,GHD, X X Road, Central, advertisement and residential type. After you receive hundreds of thousands, have to dictate you a monthly rent (the new treatment fee), bank interest, and various sorts of pleas to raise interest rates, policies and so on and so forth. In short you are not afraid to death, but afraid not suffer you to die! Gnaw on how happy people fooled, but a hundred on the tire of it? I am really angry and get it all watery! -
second when: Employment -
weep when somebody eventually started: the year when the educated youngster, when people are laid off after no way out, no one can sit-in protest opposition the Council, who also compiled the avenues can only be depressed to laugh at life is brave anthem, start over the time. Have you ever thought of! They also have the same landscape and white-collar workers today! Income and status they had let the people around envy? Have you ever thought 20 years after! Like you would like them descend on the streets, deserted? ! -
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Some say Hey! You do not understand the unemployment insurance, subsidy insurance, 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 inflame ... ... than that, you think you do to the old 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 age usually have several brothers and sisters! Means that today's elderly to get a stipend at 60 is for there are 5 people for one old man! And after our generation is the old one for us two old people! Money get down to? Did not must! If you are able to live to 90 years old can receive a digit of stipend estimates, hey attach to it to you. But even so, parents are still crazy for the kid to the manifold elements in the state-owned companies to send, to me to forever have such an example. A distant respective of my home, ascertain the relationship between haul friends, spent seventy dollars to his son through an open recruitment team sent to the vehicle police, dry on the contract of police. Get 800 a month. Competition results in the third year was down to the brush. Family calling, I said, a nice brush, you earn a lifetime forbid on that seventy that does not return, and speedily wash ahead slumber, and then scrape together some money to change out a small business, go! Probably can earn. -
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when I graduated, I took me uncivil language is holding the money, the Department sent me to the XX. I saw the man responsible for recruitment that morality can not assist the nausea, Made in salary, uncivilized language, I'm the white dry it is not only back 10 years, the cost of edible or drink. So I'm a personal guy threatened, horrified that potbellied X king no longer afraid to agree me. I have had: to sprint away. -
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I wanted to do not understand? How come Chinese people foolish? Such a superstitious country word it? Wake up, that line of thinking is not normal? Prior to his work does not pay to not think cost-effective? -
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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. -
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When the third-largest
: Education -
a diploma worth? A diploma value? A diploma worth? The altitude of the printing prices two dollars a day. A teacher disburse? Hey, two students a semester tuition ample! A level book printing how many? Two students, enough! How much hire 1 class a semester? Hey two students enough. ! Hey! Education in China receive so much money you Why the perdition! ? -
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Hey! The people are! Why we have to be taken? Because the verdict class to acquaint us juvenile scholar was admitted to honor. I'm apologetic, I was wrong, and is admitted to the University was honored. But why do people never absence to think about honor? Why ... ... University savant prestige what is not waste! -
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you know who your child is instructing it? Generally in China, people can not adjust to society will become a teacher, for example. Some time ago I was a project between the University to find a few graduate students to do programs. Result very few people stupid, do not give you full consideration, guarding you only have to work, but also to the documents was a typo, not to change, so you find even told you seriously, is this not his mistake , is that you give is wrong. Little sense of responsibility, will not consider if one is to do things and do things or to do one thing and doing things. I was very silence and gave them reason: you must study to think for others, thinking what other 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 good exam results, schools should we have stayed as a teacher. Originally, we have nothing to say the wrong, how do you prepare how we do it, do not you arranged for us not to do. This is our dignity and principles. I said: If you go to the porters, the foreman did not plan for you to work when the lock will not bolt up your storehouse? You chilling you? After your child is under the guidance of such a person learn and grow. Rest insured it? -
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is no surprise that campus cohabitation, truancy, fighting, suicide ... ... yet the parents are still willing to cost money to mail their children to school, and life is to spend the money. -
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fourth-largest when: 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 maximum people do? -
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I had a companion to live the North Second Ring, the enterprise Xizhimen there. Most probably take the subway to work every hour. Charade may must buy a second hand, each morning at 8 o'clock on the road Duzhe, and then moved to the company 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 worship. In adding to look a little silly than others outside their own no other effect. -
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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 on 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: occasionally go to the supermarket to buy things right, hit another car close the point is not worth that, wading and in no way the point. So pedal yourself go! I nearly did not hear disgusting. 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 testify anything. -
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example, I now own business, very engaged day to run about 4-5 places, see a lot of buyers. But I do not buy a car, why? I took a cab that came with the move, kick left, no place to worry about parking, do not anxiety about hanging a touch, and without terror of being thieves tied, regardless of rain has hung the air driver. Bumped a traffic jam if you can get off the subway. More than ten thousand a year will block RMB! Buy a car! Parking fees had more than ten thousand a year! This is not silly it? -
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Do not buy a car
say do not buy a motorcar, there are innumerable people who can be mad to go borrow money to buy? Die in their own future must not suffer too like! Buy it, buy a not finished raising amuse rates? Oil prices are not mad? Parking and is not priceless? Regret not it? The road to a cheapening of the new car bargains are also not sell the right? ? -
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tell you that oil prices have to ascend. Must be the same as oil prices rose and the dollar. Hey! You take the old U.S. 1 / 10 of income, family patronize and a price of petroleum. I think you do not must se. -
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final say, everyone is not silly, are small by stupefying education Jinong Han had. Silly point does not matter, but of life or decease thing you still tight 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 rest of your life all butmething Han diploma will not do, for several decades to pay exorbitant tariffs and levies being no beyond Han Han. You can not just post losses of hundreds of thousands. -
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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 act curious narcissism. You look at me, just rent a house to live more than a thousand chips a month, it is equivalent to some people's property costs. If you want to get married I still afford to rent 3-4 thousand, and furniture elaboration should be a entire. Which handy, 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 stack. Something hit 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 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 saves the tens of thousands of tuition fees. -
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course, some people would say: You do not even have a house to buy, specify no wedding. I thought to myself: I do not, you think you have ah?

in the afterward 2-10 years. You can attempt to mistrust this figure. but it is inevitable, not alarmist. But it does happen. Because in China, a amplifying nation, with the unavoidable in order to keep inflation and reform amounts in exchange for economic evolution. And each time the pains brought about by the reform are the people to afford. When both the village and mountainous areas of the learned youth were confused, or large state-owned enterprises reform and beginning up have brought about a large number of laid-off workers close down. If they can have a definite forward-looking, then I think they might linger a little way out for themselves. However, due to too much too believe that life will not file and evolution, so that led to the catastrophe of their lives. -
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Some say the government will not sit idly along pearly bankruptcy, the Government has of way 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 too did it. -
and 20 years of reform and opening up, China's rapid economic development take off. But the old system is not entirely changed. Variety of important industry is still in compel is a government monopoly system in action. Such as: banking, finance, metallurgy, energy, information, transmission, health concern, education,GHD Red Straighteners, 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 famous. -
bear the brunt of that real estate. As China's legal system is not perfect, primarily the field of finance and reform, a crowd of mistakes made by the emergence of real estate has been rising. With the amplify in real estate and the concentration of foreign population to the cities. Therefore, the new urban workers is the so-called But this part of the earnings is mainly accustom to pay rent or loan. -
In order to thoroughly understand why
99% of the white-collar families may go bankrupt, we must first understand why housing prices so high? Where high? Funds are featuring? (Where white-collar families that buy a house or preparing to buy a house.), And the trend to bring the related effects. This will be unraveled to you in 3 stages. -
1: cause prices soared in the first factor: Bank loans under the open competition. -
housing prices soared in fact, is the cardinal element 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 opportunity to turn around. But China's banking reform on the root of a hole open to competition surrounded the banks so the ICBC, the Agricultural Bank of China, Construction Bank and so on all manipulate 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 dream. When a developer from the bank loans 10,000,000 consequences. He only need 500 million to develop a house, then the price increase, then the development of the price of a house according to his standards of mortgage lending 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 lending model snowball. -
house Maibu Mai apt work out is no momentous, the key namely the cost namely higher, no lower prices. Anyway, money is not a personal bank, so a tiny morsel to explicit the chancellor together with dissimilar -
then this result is that house prices do not just mount down! Because they can not fall! Out a bank lend or money to never come back. This is the Government's bank, the Government's money! So in mandate to plug the funding black hole is to buy some of the experts, media, public attitude began to madness by various means of coercion of public opinion were to buy a house. -
such as land resources, severe stress, do not buy a house in the future can only live in the suburbs Yeah favor that. Cause people to have to buy a house. In truth, can not live in this city simply can not happen this situation, the city residents is a process of replacement of antique and new, to work to live in the metropolis, the elderly live in rustic areas like retirement. As long as the population blast will not arise ashore white-collar workers do not live in the downtown can not be the circumstance. While the media has built 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 fault. -
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 applicable. However, the use of this system to China once a little problem. Because as colossal institutional. All banks are state, not private. Therefore, the gateway tin not control lending firm. As long as the file makes sense, people will be skillful to credit the money. -
early relief to the first error caused by money black hole. The Government introduced the system to individual mortgage 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 indeed the mortgage, and it is crazy mortgage. And banks as long as a little They first set of 80 million house mortgage, your down remittance 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 further 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 not yet under contract on the money you can take the house, we owe the two incompatible. -
so cornered around, driving up the price of the house several periods behind in the hands of the government back to the bank. This explains why a lot of fix to the starting of current flats to be Speculation is not gambling their house will appreciate. It took a house to clean up the banks. -
bank got the house how to do? Are scared the price. Had to add some amount and then sell. So do not even consider approximately ordinary people immediately buy a real house at rational prices! Even whether you bought instantly from the developer of the hands of the houses might have switched hands several times back in the hands of the banks and developers. To mention something is 8,000 / square in the house, there is merely 2500 prices, 5500 is thought to bring money dark aperture making a wrong decision! That means you are limited to the hard going to wipe. -
3: The third question: white-collar families while bankruptcy? ? -
then we study why the house prices up, anew see by the so-called white-collar urban families in China in the prerequisite of bankruptcy. -
premier foreign white-collar income is absolutely high, but high value. The so-called white-collar workers in China is generally penniless quality. Serious interior friction of Chinese enterprises. Everyone scorn, all headstrong. No wonder foreign companies entered the China market began to exclaim: That some people would say: Loss of large quantity of chief banks through the hands of a few of the flow of the market. These people began to make offensive investments in additional areas of China. Because they know thatreal estate is after hours collapse. They do another circular of investment rumble is quickly preoccupy the asset, they provide the Internet, high-tech investment,GHD Leopard Grain, investment and entertainment, investment many, many. But at fewest 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 increase wages. Do not believe you do the math in your mean 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 ramble on it. Psychological several people. So I can say thin a moment the real estate break that emulated the collapse of your wages. -
I know there are many, many white-collar workers who have bought the house. Their analytic is simple: But because the house so what you are expensive. You eat, your traffic, your tuition fees, remedial costs and more expensive! ! ! So the money you pay the room again except the cost of alive is basically a cent to save for it, even now the storeroom point is also not keep up with regular inflation rate. The answer is will maintain the status quo if so, in theory, should be all right. You two decades earned money just to make up for the wastage of two peccadilloes. -
But the problem also lies in here. As of the end of the buffer WTO5 years, a large number of foreign communications, banking, medical, insurance and so companies will have shook into China. At that time no one can stop you put money into Citigroup, HSBC deposit. That time to ask who would be compliant 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 pressure of state-owned these banks will become very large. Loans will be more tough 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 strong impact and the collapse of a large number of existing enterprises and white-collar unemployment. That is. Once the foreign-funded enterprises to enter the rivalry, China's existing 99% of the white-collar workers will face a big job below pressure! -
and foreign banks started to invest in once the accumulated funds, real estate, it is normal because of their operational processes so made out of the house will be cheaper, with the inevitable drag 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 abatement, so you will be incapable to pay exorbitant loan. Then your house will be taken away by the bank, your deposit will be directly refrigerate. So the future white-collar workers in Chinese cities are most 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 conscious, do not buy a house is a good way to avoid bankruptcy. But I would also like to remind 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 efficacy. People now a wharf of the first sentence is: I am actually vexed with the strength to curse no. Mizuki weeks in Baidu also post it in this post Ping said: In China, a land not belonging to your house and rented out to you to sell you What is the feud? (Laughs). Not to advert the thieves who, like property and unsuitable human to forced evictions! This is not simply But since the WTO has been that China's issuing industry and the media industry is still not open. Then public opinion will save the market and developers in the hands of the government last trump card. -
so we face a lot of rhetoric, when more than half a head or your own. After a pack of lies we hear more and more property, more outrageous! For example, recently there are brick home not expensive in price when the advocate said: Some nod? Perhaps for this or these have evolved to eat or drink is not fixed and patients do not wear die father and mother had no use for the maintenance of the brick home really is that the case may be. Therefore, care to vigilance. -
Conclusion: -
must buy a house or preparing to buy a house
white-collar home home prices will breakdown 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 every housing distribution to the bank for the Government money for real estate speculators who are repairing the hole, only a small part of the apartment 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 hit back to the home, and then for a number of new people to fill. Do not deem? Wait and discern the pictures! - PS: Why do I say 99% of this number, because along to my understanding once the every month salary of 99% over 5000 people began to buy a house, or even to buy 3000,4000. What sweethearts do not understand that this life will be pathetic going to buy. I just feel sorrowful for them. Of course, if you're that 1% of the sapient men, and extra to argue them to save it. Better Together unattended. -