Chapter 335

"2000 dollars a square meter? That's the price at the beginning of the year. Now the highest price is HK $11000 per square meter, that's US $2200. Sister fan's boyfriend Hong Linjun complains that he didn't listen to him. If he bought it at the beginning of the year, he can make more than US $10 million now. At the current level of HK $3000 per household on Hong Kong Island, it takes nine years to buy a set without eating or drinking - "

Due to the pound, the exchange rate between the Hong Kong dollar and the US dollar remained stable at the price of 5:1. Only when Yang Na updated Zheng Jianguo's understanding of house prices, Zheng Jianguo said, sister, you don't know the house prices 40 years later, but the idea only flashed in his mind and his attention began to drift: "after you go to Hong Kong Island, Help me find the house price data in the past, so exaggerated, do I feel there is a bubble?

"Bubble? What is bubble?

Yang Na's voice is light with curiosity. Zheng Jianguo knows that this is not Yang Nazhen's ignorance, but the word bubble is a very strange word for the people of the world.

After all, standing in the June of 1980, the recent bubble took place half a century ago: "at 1926, real estate bubble occurred in Florida."

The bubble is a very eye-catching word in Zheng Jianguo's memory. It is the real estate bubble of the late 80s that he could remember in his previous small hospital. At the moment he did not know the stock market bubble, and this is why he was concerned about the little book. After all, even if money could not get in, he wanted to buy and buy.

It was not until he came to the United States that Zheng Jianguo knew that as early as the 1920s, the land price of Florida, located in the southeast of the United States near Cuba, represented by a piece of land on Palm Beach in Miami, the resort, increased from $800000 in 1923 to $1.5 million in 1924 and then to $4 million in 1925.

what?

How much was this land in 1926?

The answer is no one wants it.

According to common sense, since Palm Beach is a beach, it will inevitably encounter typhoons and hurricanes. This belongs to the negative effect brought by geographical advantages. After all, you can't enjoy the sunny beach bikini and don't want to face the torrential rain under the strong wind.

It's impossible.

So in late 1926, a hurricane with a speed of 200 kilometers per hour came, causing a tsunami that swept Palm Beach and then the whole of Florida.

When Zheng Jianguo saw this information, he read a poem about the hurricane in his mind: I waved my sleeves and didn't take away a cloud. I just took 13000 houses and 415 lives. Later, I thought I took away a lot of entrepreneurs and bankers.

The destructive power of the hurricane was powerful. It leveled 13000 houses in two cities in Florida and directly killed 415 people. Not to mention, later, entrepreneurs and bankers who survived the hurricane relying on the roof and roof ended their lives from the roof or roof, which saved them when the hurricane came.

The house is gone, so I have to pay off the mortgage!

Can't you say that the quality of the things you bought is not good? Didn't you see that all the other houses fell down? That means the quality of your house is the same as that of other houses blown down. Since it is not a problem of house quality, it is impossible to stop the repayment of the mortgage!

The house is gone and the mortgage has to be repaid!

If ordinary people are faced with this problem, they may struggle to live with the help of their relatives and friends. After all, in addition to those who deny themselves to their relatives and friends, the greatest role of family ties is to make people feel the warmth in their blood in adversity.

Of course, this is for ordinary people.

As a well-known resort in the United States, the people who can buy a house centered on Palm Beach are rich people from the United States, except for relatively few locals.

When these people wear bright clothes with blonde young women, they feel they have lost tens of thousands of dollars if they don't buy a luxury car and still lose tens of thousands of dollars if they only need to pay one tenth of the cost.

In the face of luxury cars, you will feel lost. If you replace the luxury car with a house, only people who have no money can sit and live. Moreover, when the house still increases in value at a visible speed, smart entrepreneurs and bankers can't sit.

Therefore, in the three years from 1923 to 1926, the land price in Florida seemed to sit on a rocket. The house price increased by more than double every year, and a house rose fourfold in a year.

At the time of the most intense real estate speculation, 25000 of the 75000 people were engaged in the real estate industry in Miami. The house price in the central area rose 5 ~ 6 times in three years. Therefore, in the face of such huge profits, rich people from all over the United States rushed into Miami.

However, the rich can use their money as a lever to speculate, while those without money can not only watch, but also rely on their own efforts to cover the white wolf with empty hands. For example, Ponzi, an immigrant from Italy, has become one of the players by relying on stories and the way to repay new money with old money.

You can get 10000 dollars for a house of 100000 dollars, which will rise to 200000 in a year. After selling, you can earn 60000 yuan by paying off 90000 capital and 40000 interest. Don't you want a 600% yield? Even if you don't pay the mortgage and only pay the interest of 30000, you have 170000 left. Should you continue to buy a house? So they beat drums and spread flowers to buy houses in the hands of others——

Before Zheng Jianguo saw the relevant report, he did not expect the house to be blown away by the hurricane. After all, it was difficult for Qi province to see a typhoon in his previous life. Even if he saw it, he would rarely hear that the house was blown down. He didn't know that the houses here were wooden houses until he came to America in his life.

The game of beating drums and passing flowers needs flowers to pass on, and the 13000 houses leveled by the hurricane represent the disappearance of 13000 flowers. If they can't pass on, they can't bring huge profits, and they can't repay loans and interest.

If the one above continues to buy a house, the 170000 yuan he earns can pay the down payment for eight houses worth 200000, and there is still a balance, that is, each house needs a loan of 180000 US dollars. According to one-third of the loan interest rate, the interest on the loan of 1.44 million for these eight houses is 432000.

If the hurricane doesn't come, he can sell eight houses at the price of 400000 in the next year, and pay off 432000 interest after getting 3.2 million. If he feels that he has earned enough, he will pay off another 1.44 million, which is 132.8 times the $10000 in two years.

But if the hurricane blew away the house, he would have to face the repayment pressure of 1.44 million principal and 432000 interest, that is, the astronomical figure of 1.872 million, which is only the figure to be repaid in the second year.

According to Zheng Jianguo's understanding of the bank loan agreement of the United States, the interest in the third year is not one-third of 1.44 million, but one-third of 1.872 million. At the same time, there is the default interest. The interest rate is also as high as 5%. Simply calculate, it will have to be more than 2.62 million in the third year.

The consequence is that the person is relieved when he goes to the roof or the roof. Because the bank has no mortgage of the house, it is equivalent to a bad account of 1.44 million principal and 432000 interest, which is the money of other depositors and the interest to be paid. The bank just makes an interest difference, resulting in unimaginable bad debts.

If it's a bad debt, it's just meat pain in terms of the bank's risk control mechanism, but there are 13000 bad debts in the whole Miami area at once, it's easier to go to the balcony or roof.

Even some banks have strong capital, but in the market pessimistic situation after the overall house was washed by the hurricane, after all, the wooden house can not be solved by painting all over in the face of the impact of the hurricane, which led to the collapse of real estate prices.

When the first piece of dominoes began to fall, the chain reaction could no longer stop. Just because of the hurricane, the real estate transaction volume in Miami directly collapsed, so that it shrank from US $1.07 billion in 1925 to US $140 million in 1926.

You know, 20 years later, in 1945, the United States completed the Manhattan Project with a nuclear bomb, but it also spent only $2 billion from beginning to end. We can imagine how terrible and far-reaching the financial shock of this scale will have.

Although the federal government finally chose to take control of its influence, the shock of the bubble was far too profound. It finally exploded the collapse of Wall Street in 1929 3 years later, which led to the Great Depression of 30s.

But when Zheng Jianguo and Yang Na explained the incident, she was silent and said, "I heard Fan Jie say that the price of the previous two years is not so exaggerated. It seems that when you found Helicobacter pylori, Hong Kong Island house price was only 4500 Hong Kong dollars. Now it's two times more than two years ago. Is it really your bubble?"

"I found Helicobacter pylori in May 1978. Oh, you know, it should be October. Now it's May 1980, more than a year and a half -"

It is confirmed that the real estate prices on Hong Kong Island have risen over the past two years. Zheng Jianguo's mind suddenly flashed a few messages. The news of the Hong Kong Island property bubble was reconfirmed, but it was not clear what time it was: "let's go to fan sister to confirm what's going on to make money."

"How can you make money with such a high house price? Don't you want to make money by selling low and selling high? "

Yang Na asked subconsciously. Zheng Jianguo knew that this cheap girlfriend didn't care about things in the mall, so she said, "I'll explain to you then. Just remember to ask me then -"

"Well, remember I miss you. Hang up."

The lazy voice came. Zheng Jianguo didn't expect to hear her charming and naive voice, but when she thought of her handling of Yang Yuanming these days, she felt that her father-in-law was not a fuel-efficient lamp.

Fortunately, if the real estate of Hong Kong Island is really a bubble, then Zheng Jianguo's money is going to have a place. When he picks up the phone, he thinks that someone on the line is staring at it. Then he puts it down and rubbed his hands. "This is not always the case. It seems that we need to set up a communications satellite for the TV station."

"Ringling -"

Zheng Jianguo's phone rang suddenly, startled him, picked it up, and listened to Catherine's voice: "boss, this way - Bertha wanted to speed up the research progress. She called the biological company and asked the other party to send the experimental animals to the laboratory from today. Now the first batch of 10 rabbits, 10 monkeys and 10 dogs are unloading."

"Well, she wants to batch the data before production, or just get the results."

With a slight sigh, Zheng Jianguo immediately wanted to understand what Bertha was doing, but considering that Catherine might suddenly appear in the unknown virus laboratory and become her deputy, it might give Bertha a sense of crisis.

After all, the superior suddenly arranged a deputy for himself, which Zheng Jianguo knew would not be a good thing: "you told her I arranged your past purpose?"

"Yes, she said that since I came, it can be carried out separately. She is responsible for clinical trials and I am responsible for continuing analysis -"

Catherine's tone could not hear the emotion. Zheng Jianguo was familiar with her tone and immediately smiled: "she's afraid she's taking care of you. After all, animal clinical trials also have all kinds of scenes and tastes -"

"Isn't it excreta and secretions? I haven't done less rectal examination -"

Catherine didn't care. Zheng Jianguo choked. Thinking of the rectal examination similar to * * at the moment, he threw the picture out of his mind and said, "you're just over there. Pay attention to the implementation of the test requirements. Tell Bertha when the test results are available. If you can't get through, send a paging message to me."

"You seem confident in clinical trials?"

Catherine seemed to hear something, and Zheng Jianguo's ease disappeared: "I don't know if you're testing me. I just want to say that air transmission and conventional contact transmission have been ruled out. Bertha's recent experiment is water and food transmission. From her failure to report to me, this virus should not be water and food transmission, How many other modes of communication are there? "

"It can only be body fluid transmission, blood transmission and arthropod transmission -"

Catherine is not different from the preaching in Zheng Jianguo's words. She still maintains the previous emphasis. Zheng Jianguo also said: "as I said earlier, body fluid should also be the category of water transmission. In addition, according to the data I have, the unknown virus cannot survive in body fluid dominated by water, so only blood transmission is left by the exclusion method.

This method has not been verified and excluded by experiments. Considering that this virus lives in the blood, I think this transmission method without verification is the most likely mode of transmission, don't you think? "