Rebirth of the Financial Overlord

Thomas Conn wailed in his heart, but his body was very upright and kind. He helped Annie and put her on the bed. A beautiful lady accidentally fell down, as a gentleman, you have to do something.

However, Anne has too many demands.

"Mr. Conn, can you help me see how the bread is doing?"

"Mr. Conn, the water pipe in my house is dripping, can you fix it for me?"

"."

"Well, Mr. Conn, can you stop looking at me like that."

Thomas Conn had had enough.

It’s summer now, in Thailand, the sunshine is abundant, the bread is not soft enough for her to knead the dough, and after kneading the dough, she asks him to repair the small water pipes, busy up and down for a long time, and Thomas Conn is so tired. Sweat, legs feel a little weak.

He is just a poor landlord, and he has to be tortured like this.

But the tenant has a request. As the landlord, he has no right to refuse at all. This is the spirit written in the rental contract.

Fortunately, it took ten minutes and with a wealth of experience, Thomas Conn's problem was finally solved. The small water pipe stopped dripping and the bread was ready.

Putting on the clothes he had taken off due to sweating, covering his old waist that was a little sore from squatting for too long, under Anne's smile, Thomas Conn packed up the maintenance tools he carried with him, and walked out of the gate of the villa.

The rent, of course, was not received.

Six months ago, the Shen Jiannan Charity Fund was established in Thailand, with the purpose of helping people living in difficulties in Thailand solve some economic problems.

Including, low-rent housing.

As long as you register with Shen Jiannan Fund and after verification, you can rent a spacious and bright house at the price of 2,500 baht per year.

As the part-time executive director of Shen Jiannan Fund, Thomas Conn used a small privilege to solve the housing problem for some mentally poor Bangkok residents, so what does it matter.

Walking out of Anne's residence, Thomas Conn returned to the car and looked through the carefully registered guest list. This was his favorite thing to do after work. Collecting rent, chatting with young and beautiful tenants, and helping them solve some problems made me feel very comfortable.

That's right, they are all young and beautiful female tenants.

Why?

Of course, it was because Thomas Conn only went to these places to collect rents. Otherwise, he would not be exhausted to collect more than 100,000 houses all by himself.

Who are Wanlana, Nandi, Kamani, and Esta going to collect rent from? Flipping through the tenant list in his hand, Thomas Conn had the feeling that he had spent the first half of his life on dogs, or in other words, on pigs.

A year ago, the company spent 100 million US dollars to buy 180,000 properties in three major cities.

Thomas Conn always felt that this was a stupid investment.

In order to curb the overheating of Thailand's economy, the interest rate of mortgages in Thailand has always been high. At the rate of real estate appreciation, at most it is to smooth out the interest rate difference, and the return that can be obtained will be very low.

But as a result, last year, Thailand's real estate prices rose by an average of 15%, far exceeding his expectations.

Hell supply and demand determine the price.

Thinking of the basic laws of economics he had learned in college, Thomas Conn deeply felt that he had been cheated for most of his life. Until now, he has not realized that the sudden explosion of real estate prices in Thailand is entirely due to his own boss.

180,000 houses were swept away at once, and there was a big vacancy in Thailand's real estate market, which led to a soaring market price.

The source of the investigation was not caused by the 100 million US dollars of his own boss.

Of course, it cannot be said to be 100 million US dollars.

Including the total amount of bank loans, the total capital investment has exceeded 90 billion baht, nearly 4 billion US dollars.

The housing price has risen by 15%, and the net profit is nearly 8%, because the average price of each house minus the interest rate difference has already obtained 8% of the income, and the rental rent can completely wipe out labor expenses and For all the expenses of public relations, there will be tens of millions of dollars left.

What an asshole.

Feeling at ease cursing someone who couldn't possibly hear him scolding, Thomas Conn decided where to go later.

Kamani, that is a lovely girl, listening to her talk always makes people feel very relaxed and happy.

ding ding ding——

The phone he was carrying rang suddenly, perhaps out of guilty conscience, Thomas Conn was so frightened that the registration form in his hand dropped to the ground. Realizing that he shouldn't be guilty, he pressed the call button.

"Hi. I'm Conn."

"Thomas, it's me."

"Oh, boss! Long time no see, how's the weather over there?"

"It's okay, how's the weather in Thailand?"

"The weather is very good, the sky is clear, the sun is shining, but it's a little too hot."

"Thank you for your hard work."

"No hard work, no hard work. Serve the boss and say my duty."

"Thomas. You're getting more and more shameless."

"Oh Maikar, boss. You can't wrong me like this. In your Huaxia words, this is called acting like a teacher."

"."

After some spanking, Shen Jiannan changed the subject and got down to business.

"Listen, Thomas. Now, we need a lot of money, and I need you to deal with some properties, whether it's going to the bank to mortgage or sell, it's no problem. But it must be fast."

"."

"."

Thomas Conn was stunned. He had been a landlord for a long time, and now he fell in love with the landlord's life. Although it is very hard to help tenants often, it makes people fulfilled and happy after hard work. If the house is sold, how can he be a happy landlord.

"Boss. The real estate market is hot now. I believe that real estate prices will rise again this year. If we sell now, we will have a lot of losses."

"Oh. Conn, have you fallen in love with the profession of being a landlord?"

"NONONO, boss, I'm serious. You also read last year's report. The annual price increase of real estate is 15%. We have made a lot of money. God, this is a lot of money. Rent, Eighteen million dollars a year. It's like a hen that lays golden eggs, how can you sell it."

From an investment point of view, what Thomas Conn said was not bad at all.

The annual rate of return of 8% is already very high, and there is no need for additional investment at all. When the bank loan needs to be repaid, it can be easily settled by selling some property rights and adding rent.

Thomas Conn has already calculated that he sold 6,000 houses last year. When all the loans are paid off in the future, regardless of the 100 million dollars invested, he can earn at least tens of thousands of houses.

What is this concept?

It is not only an old hen that can lay golden eggs, but also a house that can give birth to a house. How can it be sold.

With Thailand's current economy and healthy inflation, it is believed that this expectation will be completed within five years. Now, the European and American market economies are sluggish, and the Japanese economy has also fallen into the abyss. The whole world may not be able to find investment with such a high rate of return.

It's a pity that Thomas Conn didn't know Shen Jiannan's real purpose at all, nor did he know about the matching agreement between Capital One and HSBC.

"Thomas. Listen, don't forget the real estate bubble in Japan. Now, I have a better investment plan, but it needs a lot of money. Listen to me. If you can mortgage a high-quality real estate with the bank, use it as a mortgage Give it to the bank, if you can sell it, sell it as soon as possible. OK?"

After a pause, Shen Jiannan added.

"The real estate mortgaged to the bank, and the subsequent loan repayment, don't worry about it. Let the bank help us deal with those assets. Now, we only need cash."

"."

Not repaying the loan?

Thomas Conn was stunned.

"Boss. If the loan is cut off, it will seriously affect our reputation in the banking industry."

"What does it have to do with us? It's not the house we bought, are you right?"

"."

Thomas Conn was almost choked to death by Shen Jiannan's words, but he suddenly realized that what his boss said seemed to be right.

Anyway, those registered property rights have nothing to do with the company, nor with themselves.

etc--

Shameless!

Can you be a little more black-hearted. An identity certificate costs only a few tens of dollars, but it sells people like this.

"Boss, you are really not a thing. If we break the loan, the bank will definitely treat those properties as non-performing assets, and those who register will have to bear credit defaults for the rest of their lives."

"Hmm! What does that have to do with us? I don't want to keep losing money for the 6.8% mortgage every year. Besides, we gave them money."

"."

Why are there such shameless and evil people in the world?

After hanging up the phone, Thomas Conn looked up at the clear sky and seriously drew a cross on his chest.

"God. Please forgive my sins. That bastard forced me. Please bless those poor guys, don't be too miserable."

2:30 p.m., Bank of Bangkok.

Three luxury cars stopped slowly at the entrance of the bank lobby.

Soon, Thomas Conn walked into the lobby of the bank with his secretary, a professional lawyer and several bodyguards with strides.

A dozen people came at once, as long as they are not fools, who can not see the status of Thomas and his party. The bank manager, Kuan Caron, immediately greeted them with a smile.

"Mr. Conn, hello. Is there anything I can do for you?"

Obviously, Kuan Caron and Thomas Conn are old acquaintances.

No wonder. He bought 180,000 houses, but they all depended on mortgages, purchases, and mortgages. Thomas Conn visited almost all banks in Thailand, not to mention the accounts of financial companies. He can be regarded as one of the most senior VIPs in the entire Thai banking industry. one.

Received by Kuan Karon, the group was welcomed into the VIP room of Bangkok Bank.

When Thomas Conn explained the purpose of borrowing money, Kuan Caron suddenly smiled more respectfully.

In the past year, the business commission earned by Bangkok Bank at Thomas Conn's place was already astronomical.

This guy not only has a good reputation, but also has a generous hand, who wouldn't like it.

Now, as long as the money can be lent out, the bank can earn a sum of interest happily, and he can also get a generous business commission. The real estate is booming, and the risk of taking the house as a mortgage is the least.

"Mr. Conn, I don't know how much baht you want to borrow."

"Oh, that's right. My company in the United States now needs a large amount of capital turnover, about seven billion baht."

"."

at the same time.

Bangkok's No. 1 real estate agency leasing and sales company, there are huge posters hanging on the door of each branch.

Near the Silom Night Market, luxury and well-decorated mansions are for sale for a limited time.

There are houses of different sizes for sale in Asok, Nana, Sukhumvit Road, for a limited time of three days.

Because the homeowner immigrated, Ekkamai has a well-decorated apartment for sale, and the time limit is one week.

The location of Bangkok is unique, and the moderate temperature 360 ​​days a year makes it always a particularly suitable place for people to live.

In recent years, with the full liberalization of Thailand's economy, countless overseas capitals have flocked into the country, pushing Thailand's economy to new heights one after another.

People's income has doubled one after another, and the quality of life has continued to improve.

The sun was shining brightly and the weather was mild.

Walking on the streets of Bangkok, you can see well-dressed men and women everywhere, with smiles and joy on their faces, enjoying the prosperity brought about by economic development. At the fruit stalls on the road, people bargained with vendors to buy things from time to time, and at the meat stalls in the vegetable market, there were always many people around to buy fresh meat.

Today's Bangkok is not much different from Hong Kong's nine districts.

On the crowded streets, motorcycles can often be seen roaring past, and even cars are not particularly rare. Some people are holding the latest style of mobile phones, some people are wearing gold necklaces around their necks, some people gather around the securities companies to watch the stock prices go up and down, and some people are queuing up at the gate of the bank to withdraw money.

The miracle of Asia, the first of the four Asian tigers. But no one knows that the changes at the other end of the earth will break the prosperity here.

London, England.

Shen Jiannan was sitting on the sofa, meditating quietly, his dark eyes flickering from time to time, which meant that his brain was running at high speed.

Although Thailand's real estate market is still very hot, if there is a large-scale selling, it will soon smash the market, and all the real estate concentrated in Bangkok Bank will be cut off and defaulted. The bad debt rate of 30,000 properties is enough to make Bangkok Banks are driven into the abyss of bankruptcy.

Even if the BOT rescue fails to kill Bangkok Bank, it will definitely attract the attention of the entire banking industry. By then, the Thai banking industry will improve the risk assessment of real estate, limit the loan scale and reduce the loan ratio. It will be no surprise. .

Once the risk assessment is improved and the capital flowing into the real estate market from the banking industry is greatly weakened, the upward trend of Thailand's real estate industry will soon fall into the bottleneck of contraction. With Thailand's ambitions, it only wants to build an Asian financial center and maintain the exchange rate of the Thai baht. It is impossible to increase the amount of money injected to protect real estate, less capital investment, and a lower rate of return. Then Thailand can only follow the old path of Japan. , there is simply no other choice.

It seems that you have to be gentle. If someone gets into the game early, wouldn't it be a big deal.