King of rock super- city super-bubble

 Golden Rock: Super City, Super Bubble
article reproduced from market. Now, when everyone is talking about house prices when they described what?
Regent Shanghai Hotel, a forum on energy saving and emission reduction after the peak, CBN journalists and from Mitsubishi Tokyo dinner with the management of the motor, but also talk to an inattentive prices.
Tokyo reporter asked why the price change, because the last three months, house prices rose in metropolitan cities in the process of number of January 1 as the base, Beijing, Shanghai, prices will double up in the next 5 years, including high-end housing projects are likely to break 30 million per square meter.
in Beijing, with high visibility and high Ren is the developer of the controversial prediction, the Beijing housing prices will be 5 million in 5 years into the era of urbanization will accelerate because the influx has brought prices to rise further, and the current housing shortage of residential land supply significantly.
These projections on the network quickly spread. in favor of the Zheyue a big trouble, wake up, unless the yuan is worthless, times not so easy, after all, the purchasing power out there China's economy to be out of the at the stage of accelerated urbanization, land and property due to the relative and absolute scarcity, with the ; rigid demand financing function complements the defects in the stock market, further strengthened the upward trend in house price spiral;
Fourth, from the mega-cities (MegaCity) point of view, the process of urbanization in China is very likely that the formation of Beijing, Shanghai, the two super- city, its population than the present dramatically increased in the high population density, urban land can only be split three-dimensional space to solve the scarcity of living space. and scarce, it is the premise of the investment.
yesterday, CBN reporter Golden Rock telephone interview, asked him if he really thinks that nearing completion, for example, when the urbanization rate of 60% or more, the rigid requirements of real estate investment demand will shift from consumer demand, as U.S. and European countries have completed the process of urbanization, land development and real estate transactions Premium Premium disappeared, the residential consumer will return to nature, expensive, Bai wrote, rose, London, New York as the world financial center in the course of true, Tokyo is also true. said that today's prices over Tokyo, but that more than 80 in Japan late last century, the peak price in Tokyo. CBN journalists and guests returned to Tokyo Tokyo and Shanghai housing prices on the dialogue.
Q: how about Tokyo is the prices, such as Shanghai lots within the inner ring?
A: If calculated in dollars, and now Tokyo apartment good location, 100 square meters, the price probably from 600,000 to 800,000 U.S. dollars, good quality, security and management is also very good.
Q: this calculation, the Shanghai housing prices have been higher than Tokyo , why the impression of abnormally high prices in Tokyo it?
A: You mean the situation when the Japanese bubble economy. In the late 1980s, Tokyo 100 square meters apartment, sold for $ 1,200,000, and Both Lot and quality, security environment, not as an apartment now.
Q: From the economic bubble burst in to the present, house prices in Tokyo fell much?
A (cut down to make a gesture): The situation is different in different locations, but also down a while to rise, and fall, but in general, almost half of it down. well fall to the lot less.
Q: What do you think now in Shanghai The price is not that the bubble does?
A (laugh, gesturing): it may be early in the bubble. But there are two very different Shanghai and Tokyo, the Chinese economy is up in the walk, and Japan all these years is stagnant; Secondly, I think the Chinese media are confident that the Chinese economy, while Japanese media a lot of negative reports on the Japanese economy, a little small, they reported very large, and makes us a lack of confidence.
Q: Finally, ask the Chinese people in some areas like real estate, a person buying a lot of sets in different cities, Tokyo has this up?
A: In the bubble economy period there, but now is very small. Now, some Tokyo are borrowed money that would buy a small apartment near the subway for rent, because Japanese interest rates too low.
Q: Since interest rates so low, liquidity should be very strong, why not borrow money to invest in banks what?
A: The main lesson of the bubble burst, not a hh
disastrous bubble economy can not avoid?
When a reporter to not surprised: property market. Chaodao 90 times earnings the stock market, the Nikkei broke 40,000 points, the Tokyo stock market trading stock market trading volume of more than half of the world; Tokyo Shinjuku 70 square meters of houses to sell 200 million, then Tokyo can buy the real estate market Under the two American and Japanese everywhere waving a check book, bought more than 96% of Hawaii hotels and senior housing, downtown Los Angeles, half of the real estate, they even said that l the United States is becoming Japan's first 41 counties r. , Osaka, Nagoya, Kyoto, Yokohama, Kobe, land prices in six major cities increased by double digits every year, in 1987 residential and commercial land prices rose by 30.7% and 46.8%. All this interpretation in the end, the Tokyo Imperial Place 1 square miles of land prices in California than the entire value of the land is also high, four-chome, Ginza, skyrocketing land prices to per ping (3.3 square meters) 120 million yen!
all to carry on. the Japanese stock market bubble began to burst in 1990, the real estate bubble Since 1991, burst, 1/3.70 square is the peak of the house, when the most expensive $ 2,000,000, $ 300,000 when most miserable, now 50 million. Japan's Nikkei 225 index fell 6,000 points from 40,000 points, now only 1 million points . such lessons, why would you repeat it? m only sell 5 million, are to buy, that would Jisi people in the future if the sell 50 million, put together the world's wealthy have come, conquered them, and to enhance the value of China's wealth. You do not have to worry about, such as those old people, will naturally sell the house to buy a cheap house to live abroad. This is the first of urbanization, the urbanization and then l to r, first, the process of bubble bubble again. Miss Xue landscaped community in October 2004 moved to Shanghai, home from the field, when she bought the house this Tang dynasty garden is the third hand, unit price of 1.2 yuan per square meter in mid-.8, Xue Miss see you around the listing price has reached 25,000 yuan per square meter, up and down.
Miss Xue asked her, years, will be a year old, the original wall and ground stands to reason that only depreciation depreciation year after year, how will more expensive? This is a bubble which does not do? 2 points, when the forecast in Beijing, Shanghai, housing prices double in the next 5 years .
to the left, or right?
Golden Rock replied: individuals have stood the intersection of two circles. to the left, or right?
of wealth can not flow from the original code has been the land there, transfer to a property, there can be liquid assets, and asset prices and the three factors, is expected, trading and liquidity.
side of a piece of land, if not production permit, there is no value. and you have a house property, because the expected liquidity support, into the transaction, you can get premium trading. This premium, you can call it asset bubble, or called the Assets of inflation.
degree of financial technology. because of the financial technology, the use of leverage and transaction flow will amplify the initial value of the assets hh the reporters mention several problems for the answers given in advance -
to repay the debt on future debt is now also the parent child bond also. the previous period (time), my father gave me a list of all the assets he is now, 30 million of cash, I think he'll put them nice to spend the money, he can live a better life, the best he can balance, because of his debt I am now very easy to his promises. each of you think about it, the sooner the debt to buy assets, is not more good? time you feel the debt is heavy, it is lighter than that of the debt? So I always say, do not invest, walking; investment drive; debt investment, air. investment is in the active management risk, is the modern way of life risk in seeking wealth.