The rebirth of the Hong Kong Island chaebol, starting with a short-selling Eagle Sauce

The vice president of Giltong Huanyu Real Estate, he is currently completing the final delivery work with Wang Zhixin.

After signing the last document, Wang Zhixin will no longer be the chairman of Huanyu Group.

“What will the rest of the board say if I step down?”

"They didn't react much. They were even a little indifferent."

Wang Zhixin nodded. In the past six months, he rarely attended board meetings due to illness. Jie Tong always attended the meetings.

The major shareholders naturally ignored this representative of the Wang family whose presence was not high.

Moreover, as the Wang Group slowly sells its shares in Huanyu Real Estate, the Wang family's control over Huanyu Real Estate has also been greatly weakened.

"Resell 7% of the shares to Leading Group!"

Jiertong couldn't help but be stunned when he heard the news. Although he knew that the Wang Group was evacuating, he didn't expect it to be so straightforward.

If the transaction is completed, Wang Group will no longer be the largest controlling shareholder of Huanyu Real Estate, and will even disappear from the ranking of the five largest shareholders.

"Uh, okay, I'll do it right now."

As soon as this announcement came out, it did attract some rumors, but most beautiful people think this is a good thing.

Because the Wang Group is a company from the Dragon Kingdom anyway and controls this huge aircraft carrier, many people will not be able to sleep.

Under the subtle propaganda of major capitals, the public felt that this was good news.

This announcement once again stimulated the share price of Huanyu Real Estate, but all this has little to do with the Wang family.

If he weren't worried about the negative impact, Wang Zhengyi would even want to clear out his last few shares.

It was late 2006, and no one realized that an unprecedented catastrophe was coming.

The Federal Reserve, which felt good and felt that the United States had escaped the impact of the Internet bubble and the plane crash, began to raise interest rates.

2005年5月达到了3%，2005年11月达到了4%。

2006年6月达到了5%，2006年末达到了5.25！

When interest rates hit rock bottom in 2003 and 2004, many imprudent and impulsive borrowers obtained adjustable-rate mortgages.

It seemed like a good business at the time, but when the interest rate reached 5.25%, people found that their mortgage interest rates had doubled!

This means that their original negative real interest rates have reached high interest rates!

You must know that people are greedy, and they often do not buy a house at such a low interest rate.

Someone from Cayman Capital did a market survey and found out that an ordinary stripper used loans to buy five houses in the city center. Once the interest rate reached the full rate, she would not be able to afford such a high mortgage with her salary.

This is not the most magical thing.

Rating agencies are so critical of loan ratings that some people even bought a house with a loan in their dog's name.

People in the United States found that their repayments were soaring, and then they realized that they had been deceived by real estate brokerage companies. Debt collection letters from banks and institutions swept in like waves, flooding their mailboxes.

This wasn't the last straw for them.

Because since 2001, house prices have been rising.

House prices in New York, San Francisco, Las Vegas, Washington, and Phoenix all increased more than twice.

House prices in Los Angeles and Miami have even nearly tripled!

When talking about multiples, you may not realize how terrifying the increase is. Let’s take the strippers that everyone loves to watch as an example.

In 2003, she bought a small apartment worth $20 in the suburbs of Las Vegas with zero down payment and adjustable interest rates.

Then I bought 4 more properties with house mortgages.

By early 2007, the theoretical value of her property had reached $300 million.

Maybe you are watching her dance and you don’t know that she is a loser.

Theoretically, as long as she sells the property, she can enjoy life to the fullest for the rest of her life.

But everything ended with the withdrawal of the Wang Group and the pause button was pressed.

She soon discovered that her striptease income could not meet the doubling of the loan for five houses.

A girl who can seize the opportunity to buy five houses has an above-average IQ. Her first thought is to sell the house and repay part of the bank's accounts.

She calculated that as long as she sold one apartment, she could pay off half of the loan early.

But when she arrived at the real estate agency, she found that the office was crowded with people.

But this time everyone is here to entrust the sale of houses.

All she heard from the crowd was bad news.

There are a large number of second-hand houses on the market, but because of the increase in interest rates, people who have been squeezed out cannot afford to buy another house.

Prices for second-hand homes are falling rapidly.

There are two extremes in housing prices in Los Angeles. On the one hand, existing housing prices are extremely high, and on the other hand, second-hand housing prices are falling rapidly.

When there are only people selling houses in the market and no people buying houses, the strippers' faces no longer have the smile of the past.

Her mailbox was flooded with debt collection letters from banks, and the most common ones she received were standardized threats:

If she doesn't make up the arrears on the mortgage and interest, they will have the right to repossess her property!