A deep room of thunder, led out the real estate securitization of the truth.
It is full of raising funds to buy houses, assisting in the operation of loans, providing capital cushion channels and even the transfer of shares. This scene is updating people’s understanding of real estate speculation.
When this Pandora’s box was opened the moment, before the kind of mortgage to buy the behavior, we are embarrassed to call leverage.
From the information that was exposed, there was a piece of information that shocked people, that is, a property worth 8 million yuan was leveraged with 300,000 yuan.
It can be said that we are not afraid to fry tenants without money, but we are afraid to fry tenants to play “team cooperation”.
Ultra-leverage has been streamlined, which means risk has been inflated very quickly, which is the biggest contributor to the risk of a housing bubble.
In the past, the housing market risk was thought to come from households with too much leverage, but the mortgage is also the bank’s safest asset, which feels a bit contradictory.
But if you think about it, too much leverage is certainly risky.
The mortgage is also through measurement and audit, and China has not yet popularized the personal bankruptcy system, so for individuals, debt is unlimited liability, from these two points, the mortgage default rate is controllable.
These two seemingly contradictory causes and effects, the middle ground is because of the existence of super leverage, which makes the final conclusion is true.
How powerful is super leverage?
Recently, the south Korean people in the Japanese funds in the United States of the stock market shares of the Chinese people, he broke in led related stock market value $33 billion, created the human history the biggest one-day loss “records, but also caused many tens of billions of dollars of losses, he is said to have added five times leverage.
If you look at a $300,000 property that leverages a $8 million market value, how much leverage is that?
Reprint indicated source：Spark Global Limited information