The newspaper Qiao Feng took was published on the statistics on residential prices in mainland cities in 1988.

In 1988, due to the reform and opening up, especially in cities such as Peking, Shanghi, Guangzhou, and other cities, prices and unsalable sales occurred in the residential market. In view of this, the Ministry of Construction, the State Price Administration, and the Construction Bank jointly formulated the Interim Measures for the Management of Commercial Housing Prices, and several regulations on the residential market, which clearly stipulated that if operators falsely report costs and seek profits, it would be illegal.

The purpose is nothing more than curbing the phenomenon of chaotic and sharp rise in housing prices and ensuring that there is a way to follow.

This is useless to Qiao Feng. What is useful is the following statistics on housing prices in various places. It was the first time Qiao Feng knew that at this time, the total amount of cash in the national savings deposits and the private pockets was only 550 billion yuan.

In later generations, it is just Erma’s wealth that is less than 100% worth.

But in the late 1980s, this money was already the sum of all the money in China. At this time, buying a house, even for ordinary cadres, was like picking stars from the night sky.

Of course, at this time, the housing prices in the mainland were completely bargaining for Qiao Feng.

According to statistics from newspapers, more than 11,000 main houses were sold in the residential market at the beginning of the year, with transaction volumes less than one-tenth of the reserves for sale. No one bought the tall buildings. New houses of hundreds of thousands of square meters were empty.

Why is this happening? Because the housing prices are too high, how high is that the highest price per square meter reaches 2,300 yuan, which is amazing.

The housing prices in Peking are even lower. The latest housing supply of more than 20,000 square meters is 16 to 1,900 yuan per square meter. It costs at least 60,000 yuan to buy a two-bedroom apartment.

In the newspaper, I also took the example of a high-income university degree at this time. A college student has been eating daily and holidays since he started working, saving 50 yuan a month, which is the highest limit and it takes a hundred years to buy a two-bedroom apartment.

Seeing this report, Qiao Feng was also shocked, but he was shocked because the housing prices in Peking, Shanghi and other places were so cheap at this time.

I bought a two-bedroom apartment in Peking for more than 60,000 yuan. Who dares to think about it after thirty years? I am afraid that I will not even dare to dream such an unrealistic dream.

Buy a house.

I want the local owner.

This housing price is lower than that in Hong Kong when the housing prices collapsed due to Sino-British negotiations a few years ago. However, in the next thirty years, the housing prices in these places are no worse than those in Hong Kong. Moreover, they are all economic centers, which are more promising than in Hong Kong thirty years later.

If you buy him a hundred or ten houses, you will live comfortably as an apartment in a few decades. Moreover, you are not afraid of a financial crisis or something, and your career will collapse, but the housing prices will never collapse in your lifetime. If you leave them to your children and grandchildren in the future, it will be no problem to extend your fortune for three generations.

Qiao Feng thought far and did not move slowly. After getting off the plane, he ordered Li Zhi, who came to greet him, to buy a house.

Just at this time, Japan's economic bubble had begun to emerge, and it was almost time to retreat more significantly from the Japanese investment market.

As a part-time entertainment industry, even if Qiao Feng is not willing to deal with Japan, he has no disgust for the huge entertainment market in Japan.

It's great to do this when I took money from the Japanese devils' pockets.

Since you have expectations for Japan's entertainment market, Qiao Feng will definitely not be able to make a big fuss in Japan and then withdraw at the last time. That will definitely be jealous of the Japanese. At that time, the Japanese will make a movie that boycotts him, and the affairs of his company's artists will not be worth the effort.

Therefore, if you want to retreat, you must retreat step by step, and retreat when the situation is unclear. At that time, the Japanese will definitely be much less hostile.

In the past two years, both in the stock market and real estate market, they have risen to the sky, but they are much higher than the housing prices in Hong Kong many years ago.

Japan is confident that just selling Tokyo can buy the entire United States.

Not to mention the Japanese, the housing prices in Japan were so high at this time.

Since 1985, Japan's nominal growth rate of GDP (calculated in Japanese yen) was only 5.7% per year, while the annual average growth rates of prices of stocks, residential land and commercial land were as high as 31.3%, 14.4% and 15.6% respectively.

It can be said that it has seriously affected the normal economic cycle.

However, most Japanese people at this time were optimistic and had infinite fantasies about the future. Japanese people were obsessed with stocks, bonds, and real estate speculation, because Japanese stocks have continued to rise for 25 consecutive years, and it seems that Japan's stock market is a myth of eternal rise.

The optimistic view is that as long as the demand for land rises, the economy will not decline, and the market also encourages people to continue to buy stocks, claiming that the stocks will not depreciate from then on. In order to name this economic prosperity, Japanese media hope to raise names like Iwato prosperity and Shenwu prosperity.

From an economic principle, rising land prices lead to a decrease in the profit rate of enterprises in factories or office buildings that rent land. Therefore, it is reasonable to sell land and buy bonds, which will lead to a decrease in land demand.

According to the supply and demand theory, prices will eventually tend to be equilibrium. However, Japanese companies generally implement the practice of calculating land assets based on book value, so on the surface, the company's rate of return has not changed, and the difference between book value and actual value leads to an increase in book property, which stimulates the more stupid companies to pursue total asset size rather than return.

In order to obtain land around metropolitan cities, many large real estate companies will use underworld forces to seize land by improper means, resulting in serious social problems. Remote rural land with no profit possibility is also hyped up to high prices as leisure tourism resources. Profits obtained from land transactions are used to purchase stocks, bonds, and golf course membership rights.

As stock prices rise, the consumption boom in China for buying high-end sedans such as Ferrari, Rolls-Royce, and Nissan CIMA has also continued to rise, and Japan has become the world's number one luxury consumer.

Of course, the most luxurious thing is to buy Rockefeller Square in Japan and buy two of the seven majors in Hollywood.

But myths are myths after all, and now they still seem to be myths. Looking back after more than a year later, this is a completely nightmare.

Anyone who is familiar with economic theory understands that a market economy is born to be destined to be unable to break out of the scope of the economic cycle, but the years of the economic cycle are different, so it must go through peaks and troughs. Unfortunately, humans are greedy animals. When stocks and real estate prices rise wildly, who can keep a calm mind? After experiencing the infinite stimulation and illusions brought by speculation, there will definitely be people who will bear the losses caused by the bursting of the capital bubble. This is an inevitable rule.

Qiao Feng knew that in the last two days of next December, the average stock price of Japan's stock market will reach a maximum of 38,915.87 points, and since then, it has been a huge spill.

Qiao Feng, who made exponential profits of hundreds of billions of dollars long before the Plaza Agreement, made several times more profits on Black Monday and Japan's real estate in recent years, and has made a lot of money.

In order to avoid getting rid of Japan's big entertainment market, Qiao Feng felt that he would stop when he was better, and began to make arrangements early and steadily leave the market. Next year and the next year, the stock market and real estate will calmly withdraw before the plummet and switch to the same crazy market in the mainland.
Chapter completed!