Indulge in Life in America

To put it briefly: for some reasons, many chapters have been blocked and will be changed slowly in the future, but now I just want to escape the disaster, I will save the whole book as soon as possible and upload the new book for a week, but it has not been reviewed. Pass, for various reasons, we are currently actively cooperating with the revision, and strive to meet with you as soon as possible.

"Done talking?"

Watching Jacob leave easily, Olsen walked back quickly.

Yang Orange nodded, "You remember to contact him back, your identity as a spokesperson should be able to be implemented."

Olsen couldn't hide his smile. "I have to thank you. Without you, I couldn't get the spokesperson of rbs."

"Aren't we friends? It's okay to help each other, don't take it to heart." Yang Cheng focused on planning the field of fashion, and his reply to Olsen was more like an errand.

"Do you have something on your mind?" As a woman, Olsen had a keen instinct.

Yang Cheng retracted her attention and shook her head with a smile, "Sorry, I was just thinking about what Mark said just now."

He didn't say it, Olson was not easy to ask, it is not a polite thing to inquire about others.

"By the way, I just chatted with a real estate agent from Canada. He suggested that I go to Canada to buy real estate. He also guaranteed an increase of more than 20 within 3 years. Do you think I can invest?"

Olson herself does not know about investment and financial management, but ignorance does not mean she does not want to preserve her wealth. If there is a suitable opportunity to participate in investment, she also wants to give it a try.

Originally, she would usually communicate with her sisters about this kind of thing, but now there is an investment expert by her side instead of asking. Instead, she goes home and asks two and a half amateurs. That's a violent thing.

Yang Cheng didn't think much about it, but just asked, "Oh? Where does he suggest you buy a house?"

Olsen groaned, "I didn't ask, but he himself is from Toronto."

"Toronto?"

Yang Cheng keenly smelled a **** breath, which was similar to the breath of the Wall Street consortium preparing to retreat after a frantic hunt. Generally speaking, with the evacuation of the Wall Street consortium, the target that was ravaged by them would become devastated. There is no life.

And the real estate market in Toronto and the entire Canadian real estate market is being targeted by consortia.

Since 2010, due to the frantic influx of foreign buyers, housing prices in Canadian cities, led by Toronto and Vancouver, have soared. The average annual increase has been more than 50, and recently it has exceeded 100. The hot real estate market has caused speculation. Customers saw a business opportunity to make money. Large sums of hot money flowed into Canada from the United States, just like the gold rush of the year. When they heard that someone had dug a gold mine in Alaska, all those who dreamed of getting rich swarmed and digged the river bed regardless of the consequences. , Crazy mining.

But it was the first batch of crab-eating people who really made money. Those who followed the trend were always latecomers. As for those who hesitated before considering entering the market, they all died on the way to find gold mines.

If you think about it, Toronto's real estate market has been booming for more than a dozen years. In recent years, housing prices have risen in a rocket without any signs of decline, but it is precisely this madness that is the source of the sense of crisis.

Throughout the history of large-scale digital real estate bubble bursts, housing prices have all experienced a period of near-crazy explosive growth before the burst, just like those who are dying.

The Toronto housing market is now going through this stage.

Moreover, if Yang Cheng remembers correctly, the cause of the collapse of Canada's housing bubble is not the market itself, but the fact that Canadians who have a bigger **** than their head personally pierced it.

To put it bluntly, they don't want to see large sums of cash and precious foreign exchange be earned by foreigners. They must resolutely squeeze out the so-called real estate bubble.

For this reason, they do not hesitate to use administrative means to regulate and control. Yang Cheng does not need to think about it. For example, mortgage review will become more and more stringent. Especially for foreign real estate speculators, it is not so easy to blindly increase leverage. In order to weather the financial crisis, Canada is to boost the economy and encourage domestic and foreign investors to buy houses. Mortgage approval is very easy to pass.

Another example is to raise mortgage interest rates. Too low mortgage interest rates can easily stimulate domestic and foreign investors to speculate in real estate.

The last and most effective method of restraint is to collect taxes. The government will impose a purchase tax of more than 15% on foreigners who buy houses in Vancouver and Toronto. This should be regarded as a very powerful killer. Once it is launched, the enthusiasm of property speculators is bound to be Will fall back in response.

However, it is difficult for Canada to think that it is because of its own actions that the national economy collapsed.

Yang Cheng now remembered that this crop was certainly not intended to join the real estate speculators, and after the bubble burst, he would bury himself personally. He felt that maybe when Canada's economy collapsed, he could carry out bargain hunting.

This is an inevitable event. If real estate is suppressed, the Canadian economy will definitely be affected, because the Canadian economy has two major engines: one is exports. The decline in exports means a drag on the economy, mainly due to the sharp drop in international oil prices and the global demand for energy. The sharp decline has affected the income of Canadian oil exports.

The other is that due to falling energy prices, overseas investors will inevitably suspend their investment in the energy sector in Canada.

Imagine that overseas investment is declining, exports are weak, and real estate is about to squeeze the bubble. The Canadian economy will definitely face short-term or even long-term pains. That is when Yang Cheng can make a move.

"Sn? sn?" Olsen didn't expect that a word of himself would cause Yang Cheng to fall into contemplation. After waiting for a few minutes, he couldn't help touching Yang Cheng.

"Oh, sorry, I was thinking about something, what did you just say?" Yang Cheng regained consciousness and said apologetically.

Olsen pursed his mouth and smiled, "It seems that my words should remind you of something. This is my honour. I just asked you if I can invest in real estate in Toronto."

"From my point of view, it's actually too late to invest in the market now. Although you can make some money, it won't be too much. Instead, you have to take a certain risk.

So, if I have to give you a suggestion, I can only say that if you can ensure that the house is sold within 3 years, then this business can be done, as long as the location of the property you choose is not bad, it will be enough to guarantee within 3 years You make a small profit, and the value-added part can recover the loss caused by currency devaluation. "

With Yang Cheng's analysis, Olson's heart that was still eager to move became quiet, and she heard the potential meaning of Yang Cheng's words.

"Are you not optimistic about the future development of the Toronto housing market?" Olsen asked nervously.

Yang Orange shook his head, "It’s not that I’m not optimistic, but that the bubble will burst. You know, the current rally is too crazy. Obviously, this crazy surpasses the inherent mode of economic development. If you are not careful, the bubble will burst. If you disperse, your money will disappear."

"Really?" Olsen was stunned. She wanted to question Yang Cheng's alarmist talk, but when she thought of the other party's professional field, she shut up immediately. At least she believed that Yang Cheng's professional achievements were not something a layman could do at will. Commented.

"Like I said, control your greed and make sure to sell the house within 3 years. This investment is worth a try." Yang Cheng emphasized finally.

Olsen nodded hesitantly, "Thank you, I will consider this matter seriously."

Yang Cheng shrugged, "A little suggestion may not help you, so no thanks."

In the middle of the party, Yang Cheng refused Olson's invitation to have a drink, and after sending the people back to the hotel, he went straight back to the company and invited his right-hand man, Ryze Khan.

Because he talked through the phone ahead of time on the road, when Ritz saw Yang Cheng, he still had a bunch of temporary information in his hand.

After sitting down, I kept saying, "bss, I just searched historical records. The Toronto real estate market experienced a real estate market crash in 1989. The average house price that year fell from 2.74 million Canadian dollars to 1996. The Canadian housing market began to pick up after the Internet bubble burst in the United States in 2000, which fell far more than 5.

Before 2010, the average house price of the real estate market in the Toronto area was close to 500,000 Canadian dollars. With the emergence of this hot market, the price has approached 1 million Canadian dollars, and it is likely to exceed the 1 million mark in the next 12 years.

Although the information is only available for a short time and there is no time for detailed research, I can probably infer that if housing prices in the Toronto area collapse again, not only the real estate market and the construction industry will fall into depression, but even the entire Canadian economy will suffer.

For example, jobs in the Toronto area will be greatly reduced, and people with huge mortgages will be reluctant to find jobs in other areas because they are reluctant to sell houses that have become negative equity at a loss.

For another example, the Canadian dollar, which is already very weak, will further depreciate.

If the decline in house prices is the result of the bank’s adjustment of interest rates ~www.wuxiaspot.com~, the house slaves will have to spend more money to provide mortgages and reduce normal consumption expenditures, which will lead to a reduction in domestic demand in Canada and further Let the Canadian economy slow down, or even plunge directly into recession.

However, even if the bank interest rate does not rise, consumers will feel that their wealth has shrunk due to the decline in house prices, thereby reducing consumption. This is like the fact that consumers will increase consumption when wealth increases.

Although there are still many people talking about the soft landing of the Canadian real estate market and few people talking about the price collapse of the real estate market, I believe that there are not a few people who are also aware that the bubble is about to burst, and it is definitely not ours. "

Yang Cheng nodded slowly. Ryze's judgment was basically the same as his. Once the Canadian real estate bubble really bursts, then the country's economy will immediately fall into the abyss.

"What do you think we can gain from it, I mean once the Canadian economy collapses."

Ryze thought for a long time, and said with great certainty, "A lot, but from the financial level, crude oil and foreign exchange, as long as we short-selling with Wall Street, it will be easy to drain Canada's foreign exchange reserves in a short time."