Home ownership for home
A lot of people, in the eighties, I was a beautiful time. Helping each other in the same boat; one-point gains; one believes that the law is getting better and better, and efforts are rewarded, even if the difficulties are hopeful.
In the 1980s, whether collective entertainment or personal interests began to bloom, the government advocated civic education and freedom of speech. The idea of broadening the atmosphere helped the creative space, especially the vitality of young people to brew their ideals, and to create a spring in the cultural desert. It really depends on the vision and demeanor of the social leaders of the year.
Investment speculation, dangerous leverage
The Sino-British Joint Declaration in 1984 restricts the sale of land in Hong Kong to no more than 50 hectares per year to the date of return (excluding the land granted to the Hong Kong Housing Authority for the construction of leased public housing), although the annual sale of land has “stolen chicken” exceeding the standard. However, the market sentiment was unanimously optimistic, and people were reminded that land supply was limited, which made Hong Kong enter the high land price era. Merchants have turned to the development of the real estate sector. Hong Kong people have also invested in bricks or speculation, which has led to a rise in property prices, and the purpose of home ownership is not simply family living.
“Buy multi-storey buildings, customers help you” seems to be the investment wisdom that must be earned, but it is necessary to know that the property mortgage investment is a high leverage risk of “secured lending”, that is, it is like a debt to borrow money from the banklord (Margin) Mortgage is used as the mortgage of the property, and the title is paid for the loan guarantee. The repayment ability and the value of the property continue to affect the credit risk. If the market value of the property falls significantly, the bank has the opportunity to maintain the “Capital Adequacy Ratio” and ask the contributor to repay the proportion of the principal of the decline, which is callloan, which is the high leverage risk of investors. . If the debt fails to repay the owner’s request at the appointed time, the property will be forced to recycle the auction, which is the reason behind the emergence of the “silver master”.
Disparity between the rich and the poor, bubble blasting
Unfortunately, after the financial turmoil, the financial tsunami and the SARS, when the Hong Kong economy recovered, the pace of land acquisition, land sales and the construction of public housing did not follow. In addition, the United States’ quantitative easing policy and the depreciation of the currency led to constant asset prices. Soaring, the rich and the poor are further disparity, and the increase in salary of the shellless family is difficult to catch up with inflation. Sadly, the weaker communities are even more oppressed, and the Gini Coefficient is as high as the property price.
Today, investment in real estate institutions has been silently in the public transport, communications and media sectors. The influence is growing and the market sentiment is easy to express. Every street has seen real estate brokerage shops. After years of hard shop rents, it is obvious that the human feelings and culture established in Hong Kong for many years have changed. When a home buyer wants to eat or drink for decades, and builds with generations of life, life seems to be buried in the bricks. Even after the reunification, the government took the lead in advocating the outsourcing system, and the increase in wages could not catch up with the purchasing power of life. When the upstairs is hopeless, the monthly salary is left with meager money. It has to be placed in short-term travel to relieve the mood, and the industry outside the real estate sector is stagnant and developed. The vicious circle loses health and balance. Eventually, the bubble will inevitably burst, which is only a matter of time.
Social family, lips and teeth
When the poor get poorer and the rich get richer, the price of the air duct and fan can be from hundreds to thousands in the same department store; even when the new couple is married, they still need to continue to separate, so what family plans are available. It can be seen that the society is built by the family. If the family functions are disintegrated, it will be difficult for the society to prosper and stabilize in the long run. Real estate and family have always been dependent on each other.