Profiteering is the amplifier of human nature. The long-rising Shenzhen property market, along with the recently hot Greater Bay Area, has become a speculative hunting ground for some people. The young people in this risky investment game are getting in.
Shenzhen’s financial innovation is at the forefront of the country, which has also given rise to the investment scheme of borrowing money to speculate in real estate with high leverage. The real estate speculation V “Shen Fang Li” advocates is the leveraged speculation. In this speculative feast there are also young people’s figures. Some of them have earned millions through speculation, others have accidentally burst mines and lost their money, and more people have gritted their teeth under the pressure of high leverage funds.
The young people who are energetic, bloodthirsty and daring have entered the game, and this “dance with risk” investment game is full of crises and has been marked in the dark with a good price.
L1: buy a house to get rich, a windfall of millions
Oral narrator: Xiao Yuan
Location: Dongguan
Born in an era of high turnover of capital, the whispering, the post-90s tend to be more enthusiastic about financial management than their predecessors, Dongguan indigenous I am one of them.
In 2008, Dongguan was affected by the financial turmoil, and housing prices took a big dive, so my family bought a house for the simple purpose of taking advantage of the low housing prices and leaving it for my future wedding.
However, it is also this inadvertent act, so I found the magic of real estate. Buy the wedding house sales price of only 2800 yuan / ㎡, by the end of 2015 prices have risen to nearly 10,000 yuan, and now the market price of second-hand houses in the district up to 14,000 yuan / ㎡, 10 years house prices rose 5 times, more than 1 million book gains.
I played stocks during school, more sensitive to investment than the average person, see their own property value increased significantly, coupled with the soaring prices in Dongguan in recent years, and how will miss this opportunity?
As early as 2015, the beginning of the Dongguan house prices rose, I joined the ranks of the army to buy a house, in Shiwan invested in a house. The house has more than doubled in value by 2018, and I also resold it some time ago.
Relying on their own strength to invest in gold digging, eat sweet “to earn the first bucket of gold”, I intend to again look for quality properties for investment.
L2: 700,000 to pry 6 million of real estate, a night of blood
Oral narrator: Sherry
Location: Shenzhen
After graduating from college, I went to Shenzhen, the capital of innovation, and I have been here for almost 7 years, I am young, efficient and energetic, and I am determined to buy a house in Shenzhen.
After having a clear goal, I started to work overtime day and night, and at that time I felt that in Shenzhen, one point of work will be rewarded, and what you pay will eventually be rewarded.
It was easy to save 700,000, I began to look at housing matters, how do you think the price of housing in Shenzhen has long been too high, even Buji small 2 rooms are not enough, then the whole person like a deflated balloon, confused and desperate, once wanted to leave Shenzhen for another development.
During that time, I began to pay attention to the content of psychology, and by chance came into contact with the deep house, and was impressed by their sunny words, they claim that “everyone can buy a house, overnight riches are not a dream “, which made my desire to buy a house more and more urgent.
I paid a few thousand membership fees, and without enough down payment, I used 700,000 yuan to pry up a house of 6 million yuan in a district in Nanshan through the mortgage and credit loan channels introduced by Shenzhen Housing Management, with various fees adding up to 60,000 to 70,000 yuan. At that time did not think so much, think can get on the car will be satisfied, loan repayment things step by step, monthly payments big deal with family members to borrow some.
Who knows that the regulation said to come, business loans were investigated, the bank to withdraw the loan required immediate repayment, a time to take out more than one million became the last straw that crushed me, the principal will be lost in not to mention the debt, and now left tears is then the brain into the water!
L3 high leverage on the car, grit your teeth also want to go through
Dictator: A Wei
Coordinates: Guangzhou
I am an ordinary 996 programmer in Guangzhou, daily life is to deal with the code, only hope to be rooted in the Bay Area, here to achieve their dreams.
At first, I did not have a strong desire to buy a house, but I watched the price of housing go up, and the money in my hand kept depreciating, and my colleagues around me speculated in stocks and bought funds to gain a lot of money, but I was not able to play with my work, so I played the idea of real estate investment.
With 600,000 funds in hand from Guangzhou Huangpu, Zengcheng, see Dongguan, consulted a friend engaged in the real estate industry, he highly recommended Huangpu Knowledge City 89 square feet of new housing, located not far from my current place of work, down payment + various costs a total of about 900,000, the gap is still a full 400,000, “the tree moved to death, people moved to live. People move to live”, with friends around each borrow some barely to get into the car, I am still very confident about the future income.
To be honest, after buying a house is very stressful, to pay back friends and monthly payments are a lot of money, and inwardly not sure whether to buy in the high position. I am optimistic about the high-tech industry and geopolitical advantages of Huangpu Knowledge City, I think the potential is great, but also hope that this house can achieve the expected value-added, now every day to scrimp and save, as soon as you open your eyes is to pay off debts and loans, were a little pressed to breathe.
Since it’s your choice, grit your teeth and go on.
L4: to loan for loan, at any time face a lightning storm
Narrator: Brother Tao
Coordinates: Dongguan
In July 2019, I successfully graduated from school and came to Dongguan for employment, with the intention of earning big money and earning the first bucket of money in life. I think “part-time job to make money is too slow, have to find what fast track to take a shortcut”. So, quickly focused on the real estate industry in Dongguan.
In February 2020, with the outbreak of the epidemic, it was not just shutting down at home and not being able to go out, the domestic economy was slowing down rapidly during the epidemic and stocks were plummeting. I was playing with my phone at home when I suddenly saw a house for sale message: a downtown property in Dongguan City, the total price of 2 million for sale.
Since I am very familiar with Dongguan, when I saw this house for sale, I immediately decided that it was a set of shoots. The house is located on a very good plot of land, in the most prosperous part of downtown Dongguan, surrounded by the only subway line in Dongguan, with very convenient transportation, and the surrounding commercial facilities are also very well done.
I think the epidemic will eventually be brought under control and the house price will definitely rebound, so sooner or later you will earn if you buy it. The original owner of the house was from Shenzhen, and he was worried that the epidemic would last for a long time, so he sold it. I immediately decided to buy this house.
As for the down payment, I actually saved a little money when I was studying, plus I’ve been managing my money since I graduated, plus a little from my parents, adding up to almost 300,000. However, I was still 350,000 short of the down payment plus taxes and fees, so I speculatively tried to raise the appraised value of the house through the GPGD to reduce the down payment I had to pay.
However, with a monthly income of only about 5,000, but a monthly payment of about 10,000, I had the bright idea to take out a renovation loan.
The most important thing is that you can use your renovation loan to pay off your mortgage, which is the idea of selling your house before the renovation loan is used up, also known as “loan for loan”. “The idea is to get rid of the house before the renovation loan is used up.
But here there is a premise, that is, the price of housing must rise, if not, the game will not play.
Renovation loans can only be taken out after three months of mortgage payments, which gave me tremendous financial pressure in the early stages, but the good news is that house prices in the southern district lived up to expectations and rose rapidly after the epidemic eased.
Soon found that the price of Dongguan is up, but the house is not so easy to sell after listing, the loan is paid again and again, but the house is always available, the pressure to sell the house gradually.
Now every day worry about sleep, at any time will face the risk of mines.
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