Bab 20: 020. Su Yan Talks About Financial Crisis
Su Yan put his hands on her legs.
He Ling felt a burst of heat from her lower abdomen.
This feeling made her hormones secrete rapidly!
Looking at He Ling's clothes, Su Yan found that Aunt He really listened to his words.
Everything is dressed according to what he demanded on phone call.
Looking at He Ling who had her eyes tightly closed, Su Yan felt more and more that Zhang Zhenyu's mother was so beautiful.
...
After the traffic light changed, Su Yan drove with one hand.
"Su Yan, I have actually seen a lot of houses before. I'm also planning to make a down payment while buying."
He Ling, with a blush on her face, chatted with Su Yan about the house.
She does have some experience when it comes to looking houses.
"Aunt He, it's right to make a down payment. Because housing prices will skyrocket in the future."
Su Yan has no intention of getting into the real estate business.
Because the payback period is too long.
What he mainly plans to do is businesses with a return rate of at least dozens or hundreds of times.
'After all, I have multiple golden fingers. If I want to make money, it's very easy.'
"Do you really think house prices will skyrocket?"
The way He Ling looked at Su Yan was a little different again.
In her heart before...
Su Yan is a lucky and courageous little boy who made money in the external market.
But what she didn't expect was...
Su Yan actually has his own opinions on real estate.
"There are many people on the Internet saying that real estate is going to plummet. I still want to wait until the house price becomes cheaper before buying."
Su Yan smiled. In 2008, buying a house is a no-brainer. After a while, you will find that the money in hand is not enough for the down payment.
"Aunt He, I don't think you need to believe what they say on the Internet. Now, the impact of the subprime mortgage crisis in the United States is growing."
"Especially after the collapse of Lehman Brothers. The United States has completely entered an economic winter."
Su Yan used professional terms, which was unknown to He Ling.
He Ling fell into silence.
She is just an employee in a stock exchangen, she really doesn't know much about the subprime mortgage crisis.
"What is the subprime mortgage crisis?"
"To put it simply, housing prices in the United States are now very high. Basically everyone is taking out a loan to buy a house."
"And not everyone can get approval from the bank. These people are collectively called subprime credit lenders. Investment banks, such as Lehman Brothers, which collapsed some time ago, have set their sights on these subprime credit lenders."
"They lend money to these people to buy houses. The interest charged is also extremely high, this is a high-risk industry with high returns."
He Ling looked at Su Yan beside her.
Some feelings of admiration appeared in her heart uncontrollably!
'Although Su Yan is a young man, he knows so many things!'
"The interest rate calculation method in the U.S. subprime mortgage market is a repayment method that combines fixed interest rates and floating interest rates."
"In the past few years, the interest rate was fixed. The interest rate thereafter will be based on the interest rate floating on the repayment of the loan."
"The period before was due to the rapid development of real estate in the United States. So the economic market is booming."
"But at the beginning of last year, as the real estate market in the United States cooled, interest rates were raised. The amount of money that subprime mortgage holders need to repay has also increased significantly."
"A large number of subprime mortgage holders have no way to repay their loans and can only let their loans go bankrupt."
"And the creditors take back the house, but they couldn't sell it for the price. All kinds of bad debts are being squeezed putting the U.S. economy into a mess."
"This is the subprime mortgage crisis."
"Over there in the United States... Now we can only save the world by printing money like crazy."
"Because of the dollar hegemony. This pressure...has also been passed on to the whole world."
"The current financial tsunami in the world actually originated from the United States. The market value of the current Internet industry is declining like crazy."
"It's just an impact caused by the financial tsunami caused by the subprime mortgage crisis."
Su Yan, who's eyes were on the road, said so many things that she only knew a little bit about.
The admiration in He Ling's heart became increasingly uncontrollable.
'How can I admire a kid who is more than twenty years younger than me?'
"Then...why will domestic real estate going up?"
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