Stylistic road

(The chapter name is wrong, it should be five or five chapters)

The global financial crisis has finally arrived!

The first to be affected is the import and export processing industry and the foreign trade industry.Many foreign trade processing enterprises have directly declared bankruptcy, and many foreign trade orders have also been cancelled or flowed. For a while, there was a lot of trouble.

During this period, some foundries along the coast, especially those in Wanwan, had the greatest impact. They directly used the excuse to return to Wanwan to meet to discuss countermeasures, and then never come back.

The country may still be brewing a four trillion investment plan.

However, the people have begun to save themselves. To deal with this crisis, Wang Dalu, known as the God of Bay Management, has already died in Short Hills, New Jersey, USA.

Chen Mingliang knows that there are still many difficulties encountered next, but the most obvious one is the domestic real estate industry.

Before the introduction of the national incentive policy, banks will take the lead in shrinking money supply. At that time, many real estate companies will be forced to cut their flesh to pay off their debts.

Chen Mingliang's real estate companies and related companies are all rooted in the capital, which is the hardest hit area where the real estate bubble burst.

This really requires planning ahead.

Chen Mingliang wondered, are Lao Jin and the others really ready?Can you survive this wave of disasters?

It's easy to think more about studying finance, and Brother Liang really couldn't sit still.

"How many properties have we developed over the years, how many have been delivered? How many have been sold?, how many have not been sold?"

Chen Mingliang suddenly became concerned about the operating conditions of the real estate company.

The survey meeting held in the real estate company was of very high standard.

Not only Chen Mingliang’s classmates and elder sisters, but also many social celebrities, such as the Mediterranean senior of the pharmaceutical factory, Mr. Jack Ma who runs a shopping website, and even Mr. Cao, the CEO of social media salary wave, came here. He used to be a senior manager at PricewaterhouseCoopers, one of the world's top five accounting firms, so he has his own views on the financial crisis.

Let's work together.

Lao Jin consciously managed the business well, and did not smell the seriousness of the financial crisis. However, he has always been influenced by Chen Mingliang's steady style. He thinks the company is running very healthy, but instead thinks whether Chen Mingliang is making a fuss.

After all, it is the boss's request, the biggest!

"So far, we have 26 real estates that have entered the market and new projects that are under construction. At present, we have completed 11,790 residential sales, 9465 units have been delivered, and 2,325 units have not yet been delivered. The total area of ​​the two is 1.2 million square meters. There are 1756 unsold late-market housing units on hand, with a total area of ​​158,000 square meters. There are currently 9 projects under construction that have not yet opened, and it is expected that 7,650 residential units can be developed into residential buildings with a transaction area of ​​680,000 square meters."

...

"Currently, the company's accounts are very abundant. The bank has a total of 14.3 billion in cash, and each bank has a total of 35 billion in credit. The company's debt pressure is not great, and various long-term and short-term loans total about 77.9 billion."

"If the projects currently under construction are fully developed, the investment of 10.2 billion will be needed. If the company’s assets are counted, even if not counted as intangible assets, according to the current average price of 18,000 in the capital, we have not yet completed sales of 840,000 houses. Duo Ping is worth about 150 billion yuan. Even after deducting bank debts and various required investments, our company's net assets now exceed 70 billion yuan!"

...

"Therefore, I think our company's financial situation is very healthy, and the expenses we need to spend every month are extremely limited.

Regardless of the arrears of the billing period, even if the projects that need to be spent each month include construction costs and bank interest, they add up to just over 1.7 billion.

In other words, even if bank credit is not used, the own funds in our account are sufficient to support all of our current projects to be successfully concluded."

...

"We have acquired land but have not yet started 16 projects. The company has invested a total of 6.3 billion yuan. These are also our normal inventory of land. The asset scale and bank loans mentioned above do not include this part."

It turns out that real estate companies are really so rich!

Everyone was surprised, including Jack Ma, who was still struggling. He thought his company was developing very well and wanted to compete with Chen Mingliang's company. Now he has no ideas.

It turns out that the real estate company is still making money!

This is the richest man in China!

Jack Ma’s e-commerce company can only say that the valuation is pretty good, and the valuation is not cashable, but these assets of Chen Mingliang are net assets that can be discounted.

Lao Jin is really a talent!

The development of real estate is also really crazy. After only a few years of work, real estate is really scarier than opening a money printing machine factory.

However, these assets are placed under various affiliated companies, and these companies have the qualifications and experience in real estate development, but they don't want to be engaged in this industry in the future, and once they sell the shells, they can make a lot of money.

It's time for Chen Mingliang to perform!

He immediately ordered the real estate company to do the following:

First, all bank loans, especially short-term loans, should immediately apply for extension, at least two years or more, and it is best to extend it for five years. Don't care about the interest.

Second, all bank credits will be cashed out immediately, and cash will be king in the future, and being able to hold money in your hands is more important than anything else.

Third, the various accounts receivable should be collected as soon as possible, and the unsold houses need not be too anxious. The undeveloped plots slow down the development speed.

Fourth, other branch companies should also gather funds, and all loans that can be borrowed are loans, and each company can guarantee each other.

Although Chen Mingliang is not in the arena, but fortunately, these people have good execution ability, and no one really challenges Chen Mingliang's authority.

A week later, regardless of other companies, the real estate company’s account has exceeded 40 billion. It can really do a lot of big things, and the short-term debt of the bank loan is only 16 billion. The rest are loan contracts of more than two years.

Now even if the funds on the account pay off these short-term debts, there is enough room for other transfers.

Entering the end of October, winter has not yet come, but the real estate winter has arrived!

As expected, the bank suddenly refused to approve new loans to real estate companies. Even Chen Mingliang’s credits from real estate companies were taken away. Loans were earned. If the process was not completed, the credits were terminated and all credits were cancelled.

Moreover, for those short-term debts that were not negotiated, the bank did not agree to extend it.

Even some long-term loans were collected by banks. They hoped that they would rather pay the liquidated damages themselves, but also hope that Chen Mingliang's company can repay the debts in advance.

How can this be!Who would be so stupid that he would send his head under the guillotine.

Fortunately, the real estate company's own funds are already very sufficient, and they are able to top the top.

However, other real estate companies in Beijing really can't stand it.

Many people are engaged in real estate, it is completely empty-glove white wolf, even as long as the auction deposit can be issued.

After they get the plot, they can do two steps:

The first step is to apply to the government to defer the land transfer fee and pay it in installments. Some powerful developers can actually pay the money in 5 years and 8 years;

The second step is to take a loan from the bank with the land parcel approval document. When the loan is released, one part is paid to the government and the other part is paid to the contractor. If the operation is good, you can have more money left for the next project Operating expenses such as land auction deposits.

The scale of real estate companies is expanding like this.

Chen Mingliang's real estate company is not like this, but their affiliates handle it like this.

However, they can still afford the land transfer fee.

There is a rumor in the real estate circle that this gameplay was invented by Chen Mingliang, but he didn't use it himself.

Now, banks suddenly refuse to pay any more, and many real estate companies are on the verge of bankruptcy immediately.

How to do?

If you have an extra house in your hand, sell it quickly.

Destocking is really more important than anything else.

Chen Mingliang's real estate company handled it very well and was able to handle it with ease.

They still have more than 1,700 houses left to sell. As for the vacant shops, there are more. They basically didn't sell them. They all counted as the assets of the property management company and only rented them out.

This part of the assets is also not included in the assets of the real estate company, because the commercial management company bought it from the real estate company with money, but the purchase price is not expensive.

The real estate business started cutting meat.

That month, the number of rooms in the capital dropped from 18,000 to 15,000.

And there is still room for continued decline.

Some end-markets are sold directly at 20% off.

It was said that it was late, but in fact, at least 13 houses were not sold.

Of course, Chen Mingliang knows that the current house price is not high, and the current average house price has not reached 20,000 yuan, which is far from the end.

Although the price of houses is now a bit unbearable for ordinary people, house prices in Beijing still have a 10-year growth period.

Residents' income cannot keep up with the growth rate of housing prices!

Just like the "former CCTV TV host" Xiao Sa said, when he graduated, the house price was very expensive, it was 6,000 yuan!It would cost 600,000 yuan to buy a 100-square-meter three-bedroom apartment!And how much his salary at that time was 3,000.More than ten years later, housing prices in the capital have exceeded 60,000. Not only housing prices have risen, but wages have also risen. The current wages are now 3,500.

Is the real estate developer really to blame for the high housing prices?

Who did the land transfer money take away?

Don’t bank loans require interest?

Is the bank loan only interest?

Without a guarantee company to guarantee you, how could there be a bank loan to you?

And who opened the guarantee company?

This matter can't be said. One investigation can pierce the sky, and the Harmony has rushed over at a speed of 250 miles.

Housing prices, in general, have nothing to do with construction costs. They are affected by market supply and demand, and they are compatible with the level of economic and social development.

The level of housing prices depends on the attractiveness of the area to the outside population.

The indigenous people all have houses. Even if they don't, they will have them after the demolition. They will not buy houses. Only outsiders will buy houses.

Therefore, houses in provincial capitals are very expensive.

In fact, there has always been no shortage of houses in China, and there is no shortage of land where houses can be built.

In the future, houses have become a way of depositing assets, just as old landlords like to melt their silver and throw them into the cellar for storage.

If all the empty houses are used to live in, a city may not need to build new houses for 3 years.

Experts have long said that it is easy to remedy these problems, just like the practice in some developed countries. Vacancy tax is levied on vacant houses, or vacant houses can be occupied with adverse rights. It is estimated that the real estate market will collapse immediately.

Chen Mingliang didn't care about this. He hid in his Shuangqingyuan and continued to attend class, chatting about love and talking about love.

No wonder there is an idiom called "Talk about love."

Love really can only be used for speaking.

Chen Mingliang had a brain disease that day, so he took advantage of his afternoon nap and came for an afternoon exercise.

I saw the sound of a cannon, and the bird hid its bow.

The sense of conquest is still full.

The little girl has a ruddy complexion, peach blossoms, white and red, and pink with shame.

Chen Mingliang slept dimly on the bed all afternoon, eating a dozen oysters in the evening before relieving himself.

...

The tragedy in the real estate industry continues.

The prices of houses around the residential complex developed by Chen Mingliang have all been reduced by at least 3,000. However, Chen Mingliang’s real estate company did not cut a penny at all, and they were not actively selling at the end.

However, things came to the door.

Because many of his properties are off-plan properties, it will take a long time to hand over the property. Now that the house price next door has dropped, they feel it is not worth it, so many people are clamoring to check out.

The sales lady said: "This is a value-preserved property. The house in our community has not been reduced in price. This shows that you have bought the value."

The customer is reluctant: "You are fooling the ghost, and your house is not covered with flowers. When you bought the house, you were 500 faster than others. Now it is 3,000 yuan per square meter. It is 300,000 yuan per square meter. With this family background, you can spend 300,000 freely and check out! Check out!"

"You can check out, but it is stated in the purchase contract that there will be liquidated damages."

Many people used Chen Mingliang's name and started to pull banners.