Japanese investors

Chapter 322 The House
Fujiwara Miki said thoughtfully: "China, Japan and South Korea are all deeply influenced and influenced by Confucian culture. Why do Chinese and Koreans have such a deep obsession with houses?"

Kentaro Miyamoto said without joking: "It's just my personal understanding. Japan was fully industrialized in 1920 at the beginning of the twentieth century. It has taken more than 100 years now.

Starting in 1962, South Korea only achieved complete industrialization in 30 after 1992 years of sacrifice and the blood and sweat of two generations.

As for mainland China, even today, it has not fully realized industrialization, but has basically achieved industrialization.

Industrial countries and agricultural countries have very different education for their citizens, which will inevitably lead to different thinking patterns of their citizens.

Actually!The deeper the obsession with houses, the more it reflects the deep attachment to private land in an agricultural country that has not yet completely shaken off.

Citizens in developed Western countries often don’t consider buying a house until they are middle-aged.In fact, more people actually decide to buy a house before or after retirement.

Chinese and Korean people, to be precise, Chinese women and Korean women, generally require that the man has a house.If you don’t have a house, you won’t get married.

The consensus among Korean women is that as long as a man has a house, no matter how big a shortcoming is, it is not a shortcoming.Some Chinese women also require that the man's house not only cannot be less than 100 square meters, but also cannot have a loan.

When it comes to marriage, Japanese women don't value houses at all. Most of them are still willing to accept men and women renting houses to get married.If this were done in China or South Korea, only a small number of women would be able to accept it. "

Fujiwara Miki said bluntly: "You mean that Chinese women or Korean women have contributed to housing prices."

Kentaro Miyamoto did not deny it: "In my personal opinion, this is indeed a factor. There was once a story spread in mainland China that was deeply rooted in the hearts of the people.

The emotions of an old lady from mainland China and an old lady from the United States in their later years.The former said that she finally saved enough money to buy a house, while the latter said that she finally paid off the loan on the house.

Therefore, what brainwashes the Chinese people is that the old ladies in mainland China are stupid, while the old ladies in the United States are smart.In fact, it is advocating for mainland Chinese to get loans to buy houses.

Before the 21st century, mainland Chinese generally did not accept loans to buy houses.Those who dare to accept new things and take the initiative to take out loans to buy a house may not necessarily be discerning.

However, they did become beneficiaries.In the 21st century since China officially joined the WTO, that is, in the next 20 years, not only has the economy shown rapid development, but also housing prices have almost risen.

However, there is another key factor that most people are unaware of.Prior to this, banks in mainland China in the 90s were very cautious in lending housing loans, and generally only lent money to formal employees in the public sector.

I remember that an intelligence I read showed that the down payment in mainland China at that time was only 10%, which is not at all the down payment of at least 30% in mainland China today.

There are no restrictions on the first home, how many homes, how many years of social security payment, etc.In short, apart from the many loopholes in relevant laws and regulations, houses have not been completely speculated.

Even so, it was not that mainland Chinese at that time did not want to buy or improve their personal living conditions, but that too many people did not have the money to buy.

Especially in 1997, after the Asian financial crisis in 1998, the nationwide mass layoffs in mainland China were just like the bursting of Japan's economic bubble, which left a psychological shadow on many people.

At that time, most girls in mainland China were still able to accept living with their male parents, and they did not ask for a separate house.Just 20 years later, everything has changed.Mainland Chinese women and Korean women are so similar.Not only their attitude towards the house, but also their attitude towards men can reach a high degree of consensus. "

Miki Fujiwara heard this for the first time and said, "It's so surprising. You know so much."

Kentaro Miyamoto has told the truth: “If I have investments in mainland China, I have to have a deep understanding of the country’s society, culture, economy and many other aspects.

The story I told you about the old lady from mainland China and the old lady from the United States has become a thing of the past.Another new story has become popular in mainland China in recent years.

To be precise, it is a new round of brainwashing of mainland Chinese people.That is, buying a house is the best option to protect against inflation. "

Fujiwara Miki blinked and said, "How could that happen?"

Kentaro Miyamoto smiled and said: "There are really many people in mainland China who believe such nonsense. How do you talk about a house?

In addition to the rigid needs for self-occupation, for ordinary people, it is more of a speculative attribute than an investment attribute.

In mainland China, the maximum loan term in small cities is often 20 years, while in big cities the maximum loan term is generally 30 years.

In the next 30 to [-] years, unless you catch up with a good economic period, and you have to buy a property in a big city, preferably in a prime location, it will have the property of maintaining and increasing value.

In my opinion, investing for ordinary people is just like buying lottery tickets, relying on luck.Those mainland Chinese who bought their houses early may not have made a profit.

In fact, the loss was more.In this regard, how much has Soft Girl Coin been issued in the past 20 years?How much currency devaluation and inflation will it cause?

On the other hand, the house will also depreciate.This is often overlooked by people.The older the building, the corresponding decrease in price will occur.

In addition, plus the interest paid to the bank in the past 20 years, property management fees, and related taxes and fees that will occur when selling the house, etc.

Are these expenses that are added up one after another really earned in the end?Too many mainland Chinese are playing the bubble economy replacement game.

A dog can be worth $100 million.Why is it worth so much money?Because this one dog can be exchanged for two cats worth $50.

The actual operation of many mainland Chinese people is to sell their old houses and then raise some money to buy a house with a larger area or a better location to live in.Okay, I can buy it in full.

Not so good, you still need to get a loan.Even if the house goes up significantly, it will only be a profit on paper.For ordinary people, they will naturally not sell their only house and cash out. After all, people always need a place to live.

(End of this chapter)