Please do no purchase a house and automobile of a

well-known economist in Hong Kong - Lang

their families will face bankruptcy. but unavoidable bankruptcy! run away! this may happen in the next 2-10 years you can try to mistrust this diagram, but it is leap to happen, not alarmist. I predict the inevitable unemployment, Chinese state-owned enterprise workers,Nike Shox R3-R4 Combination, as in that time no one believed. But it does happen. Because in China, a developing country, its bound to keep to inflation and reforming means for economic development. And each time the aches of reform brought to bear by the people. Whether it is mountainous and rural areas of the learned youth were muddled, or when the reform and opening up a large number of state-owned enterprises have been closed down when a large number of laid-off workers. If they have a certain forward-looking, then I think they may leave a little for their own posterior. However, due to over-confident and over-confident life will not file mutations, thus causing the catastrophe of their lives.

Some human say that the Government will not sit idly along white bankruptcy, the Government has of course not. Some entities ... how can I say. I calculate back to the laid-off workers right. Caused so many social unrest. Can do? Today's white-collar workers while the bankruptcy tomorrow for it has.
and 20 years of reform and opening up, China's fast economic development take off. But the old system does not entirely change. A variety of important industry is still in force is a government monopoly system in operation. Such as: banking, finance, metallurgy, energy, message, transportation, health care, education, and land. China's reform and opening up of these things can not be all appearances of reform and opening up. But today, monopoly brought ever more pronounced.
bear the brunt of real estate. As China's legal system is not perfect, especially the field of finance and reform, the emergence of a variety of mistakes made by real estate has been rising. With the increase in real estate and the natural population to focus on large cities. So the new urban workers is the so-called But this part of the income is primarily used to pay rent, or loan.
To better understand why 99 percent of white-collar families will go bankrupt, we must first understand why the prices so high? High, where? Funds work? (This refers to white-collar prepared to buy a house buy a house or family.) And the development trend of related effects. This article will annotate to you in three stages.

1: reason prices soared, the premier factor: Bank loans below open emulation.
fact, prices soared because of the people in the chief factors for the mistakes the government pay. Such as before a developer through a bank loan of 10 million to amplify a house. If he does not melodrama that bad luck, because always the banks are a system, you owe the money did not also no chance to turn around. But China's banking reform on the basis of a hole open to competition among the banks so the ICBC, Agricultural Bank, Construction Bank, and so on entire operate independently. This is a good thing. But the problem is that these banks are not personal, but the country. We can dream. When a developer from the bank loans to 10 million results. He only need 5 million to amplify a house, then the price addition, then the development of the price of the house along to his standard mortgage loans to 20 million from the ABC afresh, and then use that 20 million of 10 million development of a sets a higher price of the house came to 40 million Construction Bank mortgage. Is such a crazy snowball borrowing model.
obtain out of the house you serve is not essential, the key is the price higher, not lower prices. Anyway, the bank's money is not personal, so a mini morsel to explicit the premier together with variant
then this outcome is that house prices do not just ascend down! Because they can not fall! A bank loan out money or never come back. This is the government's banker, the government's money! Therefore, in order to stop the funding black cavity is to buy some of the experts, the media began to establish public attitude using a diversity of media frenzy means of coercion of people to buy a house.
such as land resources are severely strained, do not buy a house in the future can only live in the suburbs Yeah like. Cause people had to buy a house. In fact, can not live in this city that was impossible, a new urban residents is the process of replacing old, live in the metropolis to work, like to live in the suburbs of retirement. As long as the population explosion will not appear on white-collar workers do not live downtown can not be the case. Although these media caused a lot of people buy a house, but only so lofty prices have not by far off the brand now. Then the government made the second mistake.

2: prices soared, leading to the second error: a mortgage with Chinese specifics.
mortgage would be a very popular system in the West, is also very suitable. However, this system applied to China once a little problem. Because for large institutional. All banks are state, not personal. The lending this juncture it is impossible to control is maintained. As long as the file makes sense, people will be able to credit to the story.
first order as presently as feasible to ease the fiscal black hole caused by the error. Government began to implement the system to individual mortgage houses. What also often give to his wife and the Chinese American woman's example to lure people to the mortgage. Indeed it was the mortgage, and it is crazy mortgages. And banks at all times a little They first mortgage a 80 million homes, own a 100,000 down payment and then from the bank loan 700,000. Then after the house sale to raise prices to 1.8 million. This time their relatives or Mom and Dad go to buy, but also with their own way out of the mortgage down payment 300,000 loan from the bank 1.5 million. Then on the stuff. They do not how to do the loan? Banks love accumulation charge. Anyway, I'm not under contract can take away your money on the house, we have two antagonistic less.
so cornered approximately, heaved several times the price of the house back to the hands of the administration back apt the bank. This explains why the starting of numerous new real possession fix was They are no fried gambling house ambition laud. But the bank took the house to wash up.
bank got the house how to do? Are afraid to tear prices. Had to add some worth and then sell. So ordinary people are now not even think to buy a house really reasonable price! Even if you bought directly from the hands of developers house might have switched hands several times returned to the hands of the banks and developers. To say something now 8000 / level house, there are only 2,500 is the price, 5,500 are thought to bring the money black hole making mistakes! That means you are restricted to the hard working backside.

3: The third question: white-collar families when bankruptcy? ?
we study why the house prices up, again see at the so-called white-collar families in Chinese cities the necessity of bankruptcy.
first foreign white-collar income is really high, but high value. The Chinese called the white-collar workers are generally meager quality. Chinese enterprises solemn interior friction. Everyone scorn all stubborn. No wonder foreign companies entered the China market began to exclaim: That someone would say: The loss of a large number of bank funds through the hands of a few people went to the market. These people began to make aggressive investments in other places of China. Because they knew that real estate is from now on collapse. They do another round of investment boom is quickly sponge the funds, they invest in the Internet, high-tech investment, investment and entertainment, investment many, many. But at fewest enough to pay wages to workers or pay monthly rent on a house for it. Therefore, it is because the rising price of China's urban population created a relative wage increase. You do the math you do not believe the city where the average income of white-collar workers, once paid the monthly housing money, how much will be left to the hands? I think this would not I be wordy it. All psychological few. So I can say thin no time the real estate break that followed the collapse of your wages.
I know there are many, many white-collar workers who have purchased the house. Their meditative is simple: But because your house so what are expensive. Eat your, your transportation, your tuition fees, medical costs are more expensive! ! ! So the money you pay the apartment individually from the cost of alive and then basically kept a cent for it, even now the retention point also reserve up with normal inflation rate. The problem is if you will retain the status quo, then, in theory, ought be nice. You two decades earned money just to make up for the wastage of two mistakes.
but the problem out here. With WTO5-year grace period to the end, a massive digit of diplomatic communications, banking, healthcare, warranty, and so companies will have moved into China. That time no an can stop you put money into Citigroup, HSBC deposit. What about that time who are willing to put money in the amount of bad debts so many Chinese state-owned banks? And then how to take amounts even if the Government could run, so what will occur when the time is still hard to say. But one thing is certain is that these banks to China's state when the oppression will convert colossal. Loans will be laborious to multiplication above, for banks have no money to honor! At the same time a large number of high-quality genius with foreign-funded enterprises to enter the Chinese mall will send a strong impact and the breakdown of a large number of existing undertakings and white-collar unemployment. In additional words. Once the foreign-funded undertakings to join the competition, China's existing 99% of white-collar personnel will face under the employment pressure surroundings!
and foreign banks began to provide in once the amassed funds in real estate, then customary action because they are made out of the house so the process will be inexpensive, must increase its citizen real estate dropped sharply. As I said earlier, prices have fallen, or is followed by the affair in your wages! Can you purchase a house ahead the lend will not dilute or dwindle the price, so you will be unable to pay exorbitant lend. Then your house will take away the bank, your deposit will be instantly frozen. So the future of Chinese cities may be the greatest white-collar workers and a few decades ago, like the Chinese state-owned enterprise workers. Hard 2 years, in the end 竹篮打水一场空!

how to shirk bankruptcy?
see where you should understand, do not buy a house is a good way to avoid bankruptcy. But I would also like to remind you, in order to push up the property market does not fall, they have a way that is not advocating people do not buy a man child! You mention, this really little efficacy. Now people a jaws first sentence is: I am really angry with the strength to swear no. Mizuki weeks in Baidu also post it in this post-ping said: In China, a land not belonging to your house and rent you must sell you what is the distinction? (Laughs). Not to mention the same property and the thieves who coerced evictions of people wrong! This is not simply But since the WTO has signified that the promulgating manufacture and the media industry in China is still not open. Then public opinion will become a government bailout and developers in the hands of the final trump card.
so we face a lot of rhetoric, when extra than half a head or your own. After a pack of lies we listen pile up housing, pile up outrageous! Such as recent prices have brick home not priceless when sermonizing said: Some nod? Perhaps for this or these have evolved to eat or beverage without ailment does not shake and do not wear dead father and mother had no use because the maintenance of the brick home may actually be the circumstance. Therefore, we pay care to vigilance.

Conclusion:
must buy a house or a kin of white-collar workers must be prepared to buy a house collapse as the housing collapse, that would be a slow process that occurs. Short as two years or at all times ten years. But this is an irreversible trend. Therefore, China has 99% of urban white-collar workers, said a bankruptcy not an alarmist! Today you pay the bank money is for the Government of every housing delivery for real estate speculators who fill holes, only a small chapter of a real house money. Environment a change tomorrow, you do not have much money to fill holes when the market and banks will be kicked back to the home, and then for a number of new people to fill. Do not deem? Wait and see Bai! - PS: Why do I say that 99% of this number, because according to my understanding, once 99% of the every month salary of over 5000 people began to buy a house, even 3000,4000 buy. What sweethearts do not know that life will go on to buy badly. I just feel melancholy for them. Of course, if you are that 1 percentage of the wise, than to argue them to save it. Better Together single.





Chinese are the four big when


largest when: buy real estate

What does it average? Means that you have a house of their own. Yes, you think so, but in China and you can not have this house, you just rent it. Because the house is yours, not your land, but land use rights for 70 years (70 years from now it is back Sino-Japanese War, who have seen the house that time?). House, normally 30 years or so the demolition or upkeep will be met. That you spend the money to buy a house, but can only be renting the substantial results. Of course this is not the worst. The worst is when you find that after decades of cheats,Nike Shox Norge! A group of hooligans broke into your house with their life savings to buy the drawing on a huge split-! Then all of your belongings, like when the garbage is still out of doors,Nike Shox Nettbutikk, regardless of your pleading, and even still you press on a weekly list of the notorious nail, anyone damage of the public when you will know what despair!

depicted the Chinese real estate has a well-known joke is written like this:

ago, there was a lot to the landlord, to find a lot of permanent work, and the landlord to have built a permanent Building group consensus lived a day, the landlord's advisors on the landlord, said: club, long-term workers are a bit of money on hand the quondam few years, they live in your house, the monthly pay Zuzi, worth, anyway, they will never furnish to live, do not you just sell them the house from a tricks is called - public houses for sale! Tell them the house they never go, you can save them money back in recent years, the landlord said: Yes, how do I rent? Advisor, said: according to income is not wrong, from a Japanese appoint of children, called the treatment fee! Landlord quickly implemented, and made a lot of money, long-term employment are the happy ah!

a few years, the landlord of the village into town, and the rich more and more,Nike Shox Kvinner, no place to live, advisor to the landlord, said: club, long-term workers were on hand and money in recent years, Let them build a new house, called from a transformation of the old tricks, they handle the money to us, we pulled down to construct a new house, and tell them to buy back, you can sell more than cover some of the others, the landlord has carried out, This time, some long-term workers are not happy, the landlord of the retainers come in use, the permanent teeth have had to knock down the pharynx to the abdomen, the landlord has made a lot of money.

A few years after, the landlord of the village adult into a big city, and the rich more, the landlord of the land more valuable, advisor to the landlord, said: union, we put these permanent houses demolished , in this place was built villa, split out to cover the house sold to the wealthy who can earn a amount of money, the landlord said: how to do long-term workers who discontinue? Advisor, said: we give them a little more money, from a monetary settlement cried cheats, and then we built our barn afterward to the house, from a tricks called affordable housing, they built a chariot road to permit them to buy over there living room, the landlord said: how do they have enough money? Advisor, said: the banks borrow from our family before them, 6 points a year profit, but also nothing if the money begets money the Cubs, not any hazard, the landlord has carried out, they get the money long-term basis, the landlord of affordable housing until now built one, they had to wait in line for permanent house, until now, waiting for it ... ...

Thus, long-term employment began to make trouble, and the owner a little nervous, hurriedly asked counselors how to do? Advisor, said: They must notify the permanent house to be dropped in price, do not buy, rent to live it, just rented it to them our pen, the result, after so many years, long-term employment have all the money gone, are still renters, always!

joke whereas a bit exaggerated, but in fact it not also true? Some people say that being the case? Why do Chinese people have to buy a house? Mad to buy? Why? The result of education is not obscurantism, as if 60 years, advocating that people have to buy the Big Three: watches, seaming machines, bicycles truly successful people can marry a wife. 70 years advocating that people have to buy four new pieces: TV, refrigerators, cleaning machines, tel equipment can be considered to succeed as a wife have kid, memorize the thousands of dollars to install a phone, but ah (per capita proceeds of less than 200 town ), when tens of thousands of Beijing, Shanghai and more a time, had to take a person number line up to buy, and buy a house today, how it is similar?

and today all the shit in this set of scholars began to fool the people of the old trick: the new standard white-collar, successful people prefer a new small size X ring X Road, X ring X Road, residential and advertisement type. After you receive hundreds of thousands, must charge you a monthly rent (the new property fee), bank amuse,Nike Shox Sko, and various sorts of excuses to raise interest rates, policies, and so on and so ahead. In short you do not be afraid to decease, not afraid to dead you pathetic! Gnaw on how happy the people fooled, but one hundred tire on it? I am really furious and get it all wet!


second when: Employment

when people eventually began to lament: the year when the educated teens, when people are laid off after no direction out, can only sit-in protest but no one cares, can only be reduced on the avenues also were compiled heroic melody laugh by life, start over time. Have you ever thought of! They also have the same scenery and white-collar today! Their income and status have also let the people around envy? Have you ever thought 20 years later! Like you would like them descend on the streets, deserted? !

Some people say hey! You do not know the unemployment insurance, stipend insurance, XX assured it? Oh, I drift in Beijing N years, many insurers to pay tens of thousands about it, but when Pao Duantui unemployment and no one gave me Sha insurance, but many insurance policies that I have been frozen for paying off, and I just and pique ... ... More than that, you think to the old of 60 you can get really old-age insurance anyhow? Out of the sky without money! Today's pensions are older we get the earned! Today 30-40 year-olds usually have several brothers and sisters! Means that today's retired to get a pension old of 60 is because there are five people for an old man! And after our generation growing old is a person for the two of us old people! Money get cracking? Did not come! If you are able to live to 90 years is estimated to receive some of the old-age insurance, hey You take care of it. But even so, parents are still mad and put their children to a variety of enterprises in the allocation of state-owned elements, to me it always has such examples. A distant relating of my home, find the relationship between haul friends to spend seventy thousand dollars to his son through an open recruitment group sent to the traffic police, dry on the contract the police. A month to get 800. The third result was competition to the brush down. A people wailing, I said, a good brush, you earn a lifetime forbid on that does not back that 70,000 first wash nap rapidly, and then scrape together some money to change out a small business go! Probably can earn.

when I graduated, I led my profanity is holding the money, the department sent me to XX. I saw that the male responsible for recruitment morality, could not assist the nausea, Made in salary, profanity Yeah, I is not eat or drink until the white dry-back 10-year price. So I had that lad a privately intimidated, horrified that potbellied X no longer afraid to acknowledge I am main. I equitable have to have: away from home.

I wanted to do not understand? Chinese people ye so ignorant? Such a superstitious country word it? Wake up, thinking that the line is not normal? Prior to his work does not pay to not think cost-effective?

there are those little white-collar workers are youth, it is best to find a job to pay the high point, not to health insurance and Han, insurance, and then save up your money most insurance will need it.


third when: Education

a diploma worth? A diploma value? A diploma value? Top of the publishing costs two greenbacks a daytime. A teachers salary? Hey, two students a semester of tuition enough! A class writing printing how many money? Two students enough! How many rent a level a semester? Hey two students enough. ! Hey! China Education Why the hell you receive so much money! ?

Hey! The people are! Why should we be fooled? Because the small ruling class told us was admitted scholar prestige. Oh apologetic I am wrong, is it honorable to go to college. Why do people think about but never go to honor? Why is glorious ... ... University scholar and how not waste!

you understand who your child is educating it? In China are generally unable to accustom to society, people would become a pedagogue, for example. Some time ago I as a project, ascertain a few seminary students act master's agenda. The results are very few people stupid, do not give you full attention, you have to relinquish it to go, but also to the documents apparently a typo, not to alteration, so you detect even told you seriously, is it not his fault , you give is erroneous. Little sense of responsibility, will not consider if an mandate to things and do things or to do one thing and act things. I was very tranquilize to reason with them: you must learn to think for others, the results of re-thinking people want to do things. Otherwise it can not survive in the community. Results of those few, said: we do not go to the community, we test scores nice ample, we are lingering in school to a teacher. We had nothing to say the bad, how do you plan how we do, do not you arranged for us not to do. This is our reputation and principles. I said: If you work to the gatekeepers, the employer did not arrange for you to work when you do not bolt warehouse latch it? You chilling you? After your child is under the guidance of such a human study and grow. You ease it?

cohabitation is no wonder namely campus, truancy, fighting, suicide ... yet the parents are still willing to cost money to mail their children to educate, but a lifetime to spend the money.


fourth-largest when: car

Chinese people crazy? Buy a car? Why buy a car? ? ? Of course, you not only have money to spend, and how you adore to buy how to buy a car buy a house, anyhow, how up you are enough of oil money, the house demolition you should not feel bad. But most people do?

I accustomed to have a colleague to live the North Second Ring, the company Xizhimen there. Most probably take the subway to work every hour. May must buy a second-hand Charade, 8:00 every a.m. to start on the road Duzhe, then moved a little bit of corporation. Hey, a month parking lot. But she felt the car its own identity to open high-level point. Not to mention open a Charade,Nike Shox TL3, is to open a Audi I have not seen who beat nine of whom 3 worship. In increase to appear a little silly than others outdoor their own no other function.

Another time, I met the little girl was 4,000 a month income, car loans in the program. So I asked her: little girl, I've got to do business, their work in due time, Metro and convenient to buy a car do? Like a long time, it is estimated could not think of a reason to say: Sometimes things go to the supermarket to buy it, they feel a cab close the point is not worth the walk but I'll say. the point. So pedal yourself go! I almost did not hear disgusting. You drive to the supermarket to buy instant noodles do not feel sick it? Equipped with cellular phones to Jianla Ji, also Jianla Ji's! Do not think that buying a car can testify everything.

instance, I now own business, engaged day, waded about 4-5 places, watch many clients. But I do not buy a motorcar, why? I hit that car with the move to, punt left, no area to fret about parking, do not worry about hanging a touch, and without fear of creature a bandit stole a knot, whether rain has hung the air driver. Bumped a vehicle jam whether you can get off the metro. Year also more than ten thousand pieces RMB! Buy a car! Parking fares had more than ten thousand a year! This is not foolish it? Do not buy a car

that car, there are innumerable people who can be mad to go borrow money to buy? Must not be too miserable to die like their future! Buy it, buy a not finished raising interest rates? Oil prices are not crazy? Parking and is not expensive? Regret not it? A road car to sell on value plunges also sell the right? ?

acquaint you that oil prices must mushroom. Must be the same as oil prices rose and dollars. Hey! You take the old U.S. 1 / 10 of income, and others a raise petroleum prices. I see that you do not must se.