Since 1986, RB's stock market and real estate market have repeatedly set new highs, and the bubble in the economy has artificially begun to grow bigger and bigger.

House prices in Tokyo tripled in one year, while land prices across the country rose six times throughout the 1980s.

As this trend of real estate speculation becomes more and more powerful, real estate in RB is constantly rising, as if it is "supply shortage".

Even the housing prices in the so-called 18th-tier small places in RB are still pushed higher again and again in the midst of the rise, refreshing people's cognition again and again. For this reason, RB people fell into madness.

When Lin Yaren thinks of this, it is natural that many people will think that if they buy a house now, they can wait to make money later.

In fact, otherwise, the current down payment of RB mortgages can reach at least 10% of the housing price. If calculated based on a house worth 50 million yen, the down payment is 5 million yen, and you need to borrow 45 million yen from the bank.

As for mortgage interest rates, it is not that the RB commercial mortgage loans in later generations are so low that they are almost negligible, but they are completely below 1%.

The current annual deposit interest rate of RB Commercial Bank is around 8%. The annual loan interest rate is generally twice the annual deposit interest rate, at least 175%.

RB is one of the countries that have joined the Basel Accord, so it is necessary to comply with the deposit and loan ratio rules of member countries in the banking industry.

This is also what Jack Ma in his later generations criticized the Basel Agreement at the 2020 Shanghai Second Bund Financial Summit.

The current annual interest rate for RB commercial banks in loans should be around 16%. If it is a mortgage, it may be a little higher than that of ordinary commercial loans.

Calculated based on the loan with an annual interest of 16%, the installment period is 35 years, which means 12*35 equals 420 periods. The repayment method is nothing more than choosing one of the two equal principal and equal principal and interest.

No matter which repayment method you choose, if you calculate the gross, the loan is 45 million yen, the annual interest rate is 16%, and the annual interest rate is 7.2 million yen.

Even if the annual income of an ordinary RB white-collar worker can easily reach 10 million yen, it will be difficult to buy a house.

Based on the annual interest rate of 7.2 million yen of mortgage loans, only 2.8 million yen is left. This is not counted as the principal.

The same is the gross calculation, the principal is deducted by 1.3 million yuan per year, and there is still 1.5 million yen left. If you divide it by 12 months, it will be 125,000 yen per month.

Whether it is now or later generations, it is only enough for one person to cope with the most basic monthly survival needs. As for the down payment of 5 million yen, it is considered as the money saved after working for several years. After all, shortly after graduating from college, ordinary white-collar workers who started working still couldn't get an annual income of 10 million yen.

Therefore, for ordinary white-collar workers, buying a house is still a necessity, and they are completely unable to speculate on houses.

Even so, it will cause them to lose everything when the real estate bubble burst a few years later. 1990 was the year when the RB stock market collapsed. The following year, the real estate market also collapsed.

At that time, it is still a matter of whether or not you can still keep your job. Whenever any company encounters this situation, the routine operation is to lay off employees or reduce salaries, and to go to the two together.

After 1991, the annual salary income of ordinary white-collar workers in RB was cut at least half of the salary even if they kept their jobs, and the most common one was only one-third of the original one.

The annual income of an RB ordinary white-collar worker at this time is normal. If the company is better, it will only look like 4 to 5 million yen.

For individuals, the biggest problem and crisis have come. An ordinary white-collar worker bought a house in 35 years for 50 million yen 7 years ago at this time, it is estimated that it is worth 230 million yen. It is normal to be cut in half.

My annual income has also dropped from tens of millions of yen in the past to a level that is probably less than 5 million yen, and monthly repayments will not be reduced as a result.

Even if the house is sold, it is not enough to repay the bank's loan. This continues to maintain the monthly mortgage, and is also powerless to continue. In the end, there is only bankruptcy.

Since then, there have been too many RB people sleeping on the streets and embarking on the road of suicide. Some of them have not been indulged in devotion or wealth before this.

They lived with their lives honestly and never expected that they would have such a tragic ending for themselves.

For ordinary people, who says buying a house is one of the best ways to resist inflation? I’m talking nonsense. Buying a house with leverage has potential risks, after all, it is also a venture capital.

The greater the leverage, the greater the risk. Most people mistakenly think that doubles the leverage, which means that the risk is only doubled.

In fact, that's not what it said at all. Every time the leverage doubles, the corresponding uncontrollable risks will become greater. This is just in the real estate market, not in the changing and treacherous financial market.

Under normal circumstances, the monthly income is about the same as the local housing price per square meter, which is the best choice for buying a house. However, reality forces ordinary people to generally not engage in such rational home purchase behavior.

Even if RB is currently buying a house with relatively low real estate market prices, it is a very risky investment behavior.

Unless you cash out and sell the house that has appreciated six times before December 1989, and wait until the real estate bubble burst in 1991 and then buy it back, then you can really make money.

Just calculate it casually. A house worth 50 million yen will be 300 million yen. You can pay back the 40 million yen from the bank's 45 million yen loan. After all, only a lot of more and less can pay back 5 million yen in these few years.

After making a net profit of 260 million yen, even if you buy it for 30 million yen, there is still 230 million yen left in your hands.

At this time, the house is not a house with a loan of 35 years, but the total property rights belong to the individual. With 230 million yen in hand, it is very happy whether it is enjoying life or retirement.

From then on, the RB economy will fall into a decade of sluggishness and recession, twenty years of sluggishness and recession, and thirty years of sluggishness and recession... This means that money is more valuable.

Originally, the ordinary white-collar class in a company had achieved a class leap from the bottom of the board. Although it did not become a real rich man, it was already one of the veritable middle-class upper-level people.
Chapter completed!