Rebirth begins with e-commerce

Many people began to investigate the rice balls and wanted to find out who was keeping the little girl behind her back.

They don’t believe that just relying on a real estate godfather can support this famous socialite who spends money like water.

However, the results of the investigation made them eat a pound.

In addition to asking for money from his godfather (father-in-law), this little girl also started playing naked loans, which was so shameless.

The most expensive thing about rice balls now is the storage construction and urban distribution outlets laid nationwide.

Moreover, unlike other Internet companies' light asset models, Fantuan has always held a large amount of land on the edge of the city.

Others rent warehouses, but they buy land directly.

This makes the rice ball more expensive.

Obviously, the money chain of the Rice Tuan cannot allow him to hold so much land, which starts with the way of playing the real estate company making money.

The Li family in Hongcheng is the most familiar with this.

In 2004, Hutchison Whampoa bought a large amount of land in Chuancheng for 2.1 billion, and then 16 years later, it increased by 20 times.

His method was soon taken by other real estate developers and businesses. He first went to the bank to obtain land, then used the land as mortgaged for loans, and then went to the next place to acquire land...

As this cycle continues, more and more loans are taken on the body and more and more land is taken on the hands.

In fact, the operations of real estate developers will be more complicated. We will continue to leverage in various links, such as outsourcing the construction of the property to major builders and postponing the payment. Before the building is built, it will be pre-sold in advance and recovering funds in advance...

Archimedes said: Give me a fulcrum and I can pry up the entire earth.

But Lu Xun never said: Give the Li family a fulcrum and he can leverage the entire real estate market.

Many people see that Hengtai is in debt of 2 trillion yuan, but they can't understand why they still owe so much money when housing prices are so expensive and real estate is so profitable. Where is this money used?

In fact, real estate profits are not high.

Suppose: You have 1 billion yuan in principal, spend five years developing a real estate project, and sell all the houses in five years, and earn 1.5 billion yuan. You only earned 500 million yuan in five years.

If you use this 1 billion principal, you can get 5 billion through 5 times of leverage, and develop five real estate projects at the same time, you will make 2.5 billion in five years, and then pay off the bank's 1 billion interest, and make 1.5 billion.

If the leverage continues to expand and owes 50 billion, you can make 15 billion.

If you owe 500 billion, you will make 150 billion.

If you owe 2000 billion, you will make 600 billion.

The above is just a simple assumption, and there are still various taxes and other costs that have not been calculated, but it also shows that if real estate wants to make more money, it must leverage more funds and expand its own scale.

This is also why Hengtai owes huge debts of 2 trillion yuan.

Then the question comes again. Since the more debts owed, the more money you make, why don’t you continue to owe more money? Why did Hengtai suddenly explode?

Because the more money owes, the higher the leverage and the greater the risk.

Acquire land, build buildings, sell... in the entire chain, it is like dancing on the tip of a knife, and it is necessary to ensure that there will be no problems in every link.

You need to constantly use the money from selling the house to repay the due interest in order to continuously lend the money back.

Hengtai’s explosion is that the house suddenly became less easy to sell, and the growth of housing prices began to slow down, so there was no cash to pay back the due loan for a while.

The bank sees your credit deterioration and is unwilling to continue lending money to you.

You still have a lot of unbuilt houses on hand. If you hand over these houses on schedule, you can still have money to return to the bank.

But you have no money to complete the building and become an unfinished building.

Unless someone helps him take over, who can afford the 2 trillion yuan?

...

Luo Xiu is now borrowing the relationship between his future father-in-law and obtaining a lot of land, and then mortgages the land to get the land.

He faces greater risks than real estate.

If the bubble is not broken and the cycle continues, the only thing that depends is the continuous growth of land prices, and the growth rate exceeds the growth rate of interest.

When the capitalists just discovered that the rice balls were carrying a lot of loans, they were happy inside.

Just like a female college student carrying a naked loan, she must be a bad girl who can do anything for money.

At this time, capital is like a rich young master, waving a lot of money in his hands. Such a bad girl must immediately kneel down and lick her butt and say: Master, please be gentle.

However, as the investigation deepened, the capital found that the poor girl borrowed more money than they imagined.

It's so much that many capital can't bear.

Originally, they thought that I was shaking hundreds of millions in my hand, and you had to lick it obediently. Now that I found that these hundreds of millions were not enough to pay the interest, I immediately frightened them.

Some little capitals cursed and said, "I thought she was just a vain bad girl, but I didn't expect that she was pregnant with a gold-swallowing beast in her belly. If you whoever you like to take over, just take over, I don't want it anyway."

"Even honest people can't take this plate!"

"I really look like a signature water spirit. Who would have thought that my back would be so bad?"

"It's really ignorant to know the world's best!"

"Does this young man really have no idea about numbers?"

Soon someone thought of the layer behind him and said, "Can it be Guan Wenyan who borrowed his hand to acquire land in the name of an Internet company?"

"This is very likely. Guan Wenyan, the old fox, has always been cunning, and it is becoming increasingly difficult for real estate companies to acquire land. It is not impossible to borrow the hands of their son-in-law to make land."

"If everything is the layout of the old fox, we can't get involved."

...

There are also some real big capitals who are unwilling to give up this savvy little cabbage and contact Luo Xiu.

"Mr. Luo, I am very optimistic about your rice ball model, but you don't have to hold so much land, right?"

Luo Xiu poured him a cup of tea and said slowly: "There is no way. We must buy so much land, and these lands cannot be too far from the center of the city."

"But can you guarantee that the land price will keep rising? As long as there is a little fluctuation, you will be done." The other party said seriously: "You don't need to make such high-risk money, you can be more stable."

"No one knows what will happen in the future. Just a gamble. Isn't this fun?"

Luo Xiu still looked calm and gentle.

He can only say that, he can't say that he has the ability to predict the future.

"When Japan's real estate bubble burst, countless billionaires went bankrupt overnight. Are you not worried that our real estate bubble will be punctured? Then even Guan Wenyan will be unable to take care of himself, let alone pull you."

The capital representative's earnest persuasion failed to impress him.

So many people in the industry call him the largest gambler on the Internet, the madman Luo Xiu.