Therefore, even if the bank defaults on Weizi's business and takes Weizi's mortgaged properties, the value of those mortgaged properties is far lower than the money the bank loaned to Weizi! !
Basically, the bank has lost all its money!
Not to mention Weizi, who is unable to repay and does not want to repay the loan.
Even some people who have legitimate jobs and may have the ability to repay the loan.
When they find that their mortgaged property and their houses may have plummeted in value and are even far lower than the amount of the loan they have to repay. .
Then why do they still have to repay the loan? ? ?
When the value of the mortgaged house is lower than the amount of the loan they have to repay, the choice of people with brains is obviously to break the contract!
I don't want my house anymore, it's worthless anyway, you can take it away.
You take my house away, and I don't have to pay expensive property taxes every day! !
As for the money you borrowed from me?
Sorry, I won't pay it back!
Now the price of houses has plummeted so cheap!
With this money, I can buy a bigger and better house!
Although the United States also has a credit rating system, the debtor is always the boss wherever he is.
What can you do to him when he can't pay back the money or doesn't want to pay back the money?
Lin Feng's finding actors to act is just a prelude. These videos have been edited by a professional video team.
I believe that everyone who has watched this video will find out about Freddie Mac and Freddie Mac's various misdeeds!
It turns out that people with no job, no income, and criminal background can all get loans!
As long as you make up a bunch of fabricated information, you can pass Freddie Mac's review!
But Lin Feng will not release all this for the time being.
This is when George starts to snipe Huaxia currency and Lin Feng's other plans begin to proceed, he will throw out the killer.
So, the most critical step in Lin Feng's plan is not to shoot these videos, but to make house prices fall! !
And for this, Lin Feng actually has a huge plan and plan!
Nowadays, house prices in the United States are actually falling slowly.
In Silicon Valley, California, inventory increased by 23% in the first quarter of this year compared to the same period last year.
In other words, even in this place with the highest housing prices in the United States, houses are not easy to sell!
Seattle's inventory increased by 24%.
Chicago's inventory increased by 32%.
And many properties in the United States can no longer be sold even if the price drops! !
This year, the total sales volume of second-hand houses in the United States hit the lowest level in nearly ten years!
So, according to this trend, even if Lin Feng does nothing, US housing prices will fall and fall below the line that triggered the subprime mortgage crisis!
But what Lin Feng lacks now is time. He can't use the method of slowly waiting for housing prices to fall slowly.
He needs the US housing prices to fall sharply immediately!
Then Lin Feng's only way is to lose some money himself!
Lin Feng asked Pan Mingjie and Shen Tinghe to lead a team to the United States.
What's more important is that they also brought five experts who are familiar with the US real estate industry! !
What Lin Feng wants Pan Mingjie to do is to start buying properties in major cities in the United States.
New York, Los Angeles, Seattle, San Francisco, Chicago.
These major cities are all Lin Feng's targets for purchasing properties.
Lin Feng's approach is exactly the same as George's.
First hoard these properties, and when the time is right, Lin Feng will sell them all at the same time! !
Such a large-scale sell-off will bring panic to the real estate industry in the United States! !
And "panic" is really an invincible weapon!
George can use "panic" to shake a country's economy and cause a country's exchange rate to collapse.
And Lin Feng can naturally use "panic". Let the housing prices in the United States collapse.
However, just purchasing these properties is far from enough.
Because even if Lin Feng can own more properties, even if Lin Feng sells them at a low price at the same time.
But this will have a certain impact on the real estate market in the United States, but it will not have a "devastating" impact.
Therefore, Lin Feng's backup plan was to have his team secretly acquire properties from several large real estate companies in the United States! !
Yes, all the properties they had developed and were waiting to be sold!
For this reason, Lin Feng also specially transferred part of the funds in the exchange rate market.
More than 200 billion Chinese yuan is naturally nothing for the amount of funds George controls now.
But even tens of billions of Chinese yuan, that is, tens of billions of US dollars, can acquire many properties of large real estate companies in the United States! !
Although these real estate companies contacted by Lin Feng are notIt is not the largest real estate developer in the United States.
But the properties of these companies combined can also cause huge waves in the real estate market in the United States! !
And Lin Feng will wait for George to take action, and then sell the properties at a low price!
Lin Feng has already anticipated how big the consequences of what he is going to do next will be.
Although Lin Feng is a little uneasy at this time, he is more excited. .
At this moment, he is directly challenging the entire US government with his own strength!
If the plan goes as Lin Feng and others imagined.
If the subprime mortgage crisis really happens.
George and other large hedge funds in the United States not only lost in the Huaxia currency exchange rate market, but the financial crisis in the United States has dealt them a fatal blow! !
It is very likely that more than half of the hedge funds will go bankrupt!
This term of the US president may step down!
The US economy will regress for five years or even more than ten years!
And other countries closely related to the US financial sector, such as the European Union!
Whether it is a big country like Germany, France, or the Eagle Country.
Or a small country like Iceland or Luxembourg.
All will be devastated!
Plus the Asian countries that are already in financial crisis.
This is a global financial crisis!!
However, if it is as Lin Feng expected, China will be the only country that is least affected by the financial crisis.
The economies of other countries will regress, while China's economy will continue to soar!
In this way, Lin Feng has a chance to win the bet with Buffett involving tens of billions of US dollars.
After ten years of development, China may really replace the United States and the European Union, become the world's largest economy, and become a truly hegemonic country!
Of course, in addition to the country and the people.
Lin Feng has other purposes to destroy the real estate in the United States.
When he sent people to investigate before, he found that Lu Chengpeng's father Lu Rui's "Rui Jin Real Estate" really invested in the real estate in the United States as loudly as in his previous life!!
The sharp drop in U.S. real estate prices could cause Ruijin Real Estate to suffer heavy losses!
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