Wang Ai said very frankly: "A truly profitable business will not owe money to everyone, but Evergrande owes money to a wide range of people now. It even owes money to people who buy houses. Listen.
Have you said that? You have to pay before you buy a house? Do you have to pay before the house is built? Do you think this is a phenomenon that can occur in a normal business? "
"Isn't it said that real estate deposits a lot of money? Isn't that why we sell off-plan properties because of the lack of liquidity?"
"Then do you think this is the case for small real estate in third- and fourth-tier cities? Does it mean that the bigger the property, the less money it has?"
Seeing Gao Lin start to think, Wang Ai was not in a hurry, drank water for a while, and then continued: "Let's talk about a macro perspective, do you know how many houses there are in China? There are various opinions, but it is generally acknowledged that it has already
There is a surplus, and it is a surplus that increases every year. For example, last year there were 10 million units, and this year there are 13 million units. What does this mean? It means that it takes more and more time to sell the houses in stock.
In other words, the product of houses is being backlogged. We now have 800 million people living in cities, understand? That means the number of house buyers is decreasing, but the supply rate of houses is increasing. What are the consequences you think of?"
"House price dropped?"
Wang Ai smiled and shook his head: "Houses are related to steel, cement, construction, and a large number of companies. Once the price is reduced, the related companies will collapse and then expand into an economic crisis. Therefore, the reduction cannot be done, at least not like ordinary commodities.
If it falls, it should be a slow process. For example, relative price reduction means that other prices rise, and the house price rises slower than other prices, so it comes slowly. But no matter what, more is sold and less is bought. Real estate companies have been doing this for many years.
The continuous crazy expansion model must be put on the brakes. Housing prices cannot hit the wall, but real estate companies can. The worst is to sell them. Houses are also high-quality assets anyway, and someone will take over. At this time, cash is king, and whoever has the money will take over. But if a
Real estate companies have been borrowing money to survive, and they have been relying on borrowing money to balance the market price of houses. Once house prices fall in real terms, they will become insolvent and face runs from all parties. Do you understand? Everyone is afraid that the money will not be paid, so they all go
If it wants to pay back the debt, it can't pay back the owner or the west. Even if it convinces all parties to pay back only part of the money, its liquidity will be gone. Once it runs out of money, the house that hasn't been built can't be built. Once it can't be built, the balance of the house buyer will be lost.
If you can’t collect it, if you can’t collect other debts, let alone repay them, if you can’t buy new land, take new loans, open new buildings, or collect new advances, the entire business chain will collapse.
Understand?"
Gao Lin was already dizzy after what Wang Ai said. Wang Ai was helpless when he saw this: "In short, it means that China's real estate is facing fundamental changes, cash is king, and the traditional debt-to-life model will not die when encountering this fundamental change.
Half a life, you will no longer care about things like football where you just spend money to buy fame. You have to live to get fame, right?"
"I understand, boss, you can't say this to the outside world. If a person of your status says that big things will happen if real estate cannot hold up in the next few years, you can't say it to me in front of others. After all, you
I must be responsible for your words." Gao Lin took a deep breath: "I know, boss, and I will consider it carefully."
"Well." Wang Ai reached out and pressed Gao Lin's shoulders: "Brother, I can't make a decision for you, but I will try my best to present all the facts in front of you and help you make the decision that is most beneficial to you. What follows?
It's up to you, no matter what you decide, I will support you."
Gao Lin also pressed Wang Ai's shoulders: "Thank you, boss, for thinking about us in every aspect just like you did when you were a child."
"That's right, I can't let you shout this boss in vain."
After talking to these three buddies, what the other buddies said was no longer important. We flew all the way back to Europe. We first stopped in Berlin, Germany, dropped off a few buddies, then flew directly to Madrid, and transferred to Chen Tao at the airport.
La Coruña.
I thought I would go home and sleep for a while to catch up on the jet lag and get up for dinner in the evening. Unexpectedly, I was shocked as soon as I entered the house and Xu Qinglian came out.
"No... didn't you say you would come back with me during the winter break? Are you leaving because you have something to do when you come back?"
"You want me to leave? That's fine, I'll leave right now."
"Hey!" Wang Ai and Kang Si pulled Xu Qinglian together. Kang Si said coquettishly, "Tiger, don't leave. The family will be deserted!"
Wang Ai took Xu Qinglian's arm: "What's going on?"
"I'll give you a surprise! The CIIE is over, and the leaders are very satisfied. We experts and organizers held a meeting together. The leaders praised us, and then we summarized it ourselves. Nothing happened. I took it with me
The heads of countries of the European Small Commodity Alliance traveled around the Yangtze River Delta and just came back today. Because we were on a chartered flight and we were leaving from Shanghai, we didn’t meet up with you.”
"Say, hey, what is this?" Wang Ai stared at the living room in shock.
"A gift? This time we participated in the CIIE. We brought a large amount of goods, but the quantity was a little too big and we couldn't sell it for a while. In the end, I coordinated with all parties to help get rid of it at a low price. I also took the lead in handling some myself.
Xu Qinglian was a little embarrassed: "Is this the first time? Everyone has no experience. We represent many companies, and one company only produces a little bit, so there are only so many. Anyway, next time we will have experience, and we will bring the same type of products."
"
"So, this is also a national mission, right?" Wang Ai pointed to a room full of packaging boxes.
"No, no, this is a task given by a wife to her husband." Xu Qinglian apologized with a smile.
"Okay, there's nothing to eat anyway, right? It's all for use, right? Then you can handle it. We will use it if we can use it, and give it away if we can't use it."
"Thanks husband!"
Wang Ai raised his head and yelled, not bothering to pay attention to this prodigal woman, and went upstairs to rest. When he woke up and went downstairs to take a look, oh, what is all this? Lamps were placed on the floor, and horse gear was placed on the table. He had already woken up.
Kangsi and Xu Qinglian were "identifying" jewelry together. There were plate armor and horse swords in the corner... What rags are these!
"Okay, that's good. Our warehouse can finally be used." Wang Ai turned around twice: "Have you made dinner yet?"
"Oh, it's done, let's go and eat!" Xu Qinglian put down a string of black pearl necklaces and stepped forward to hold Wang Ai's arm: "Don't you ask me how much I spent?"
"It's all spent. Is it useful to beat you? Is it useful? Can you give me back? Then I will beat you now."
"Hehe." Xu Qinglian said happily: "Actually, it's not much, just more than 400,000 euros. What I bought are all high-quality products, and the ordinary ones are distributed. By the way, I heard Huang Xin said that you want to engage in scientific research? I
Help you?"
Wang Ai was finally satisfied: "Okay, we'll start working on it tomorrow, and try to have one ready before the winter break, so that we can put more burdens on the training coaches!"
