Mr. Zhang owns six apartments, but the apartment alone lost 5 million yuan in five years

2022-06-12 0 By

Mr. Zhang was on a high six years ago, the highlight of his life, when his factory had more than 100 people, and the electronic trade in Huaqiangbei was also booming, according to him, the net assets at that time exceeded a small target is some.But with the onslaught of Internet e-commerce, Mr. Zhang’s factory and his electronics business in Huaqiangbei fell behind.In 2018, Mr. Zhang’s factory went from bad to worse and gradually failed to make ends meet, and the losses continued to expand. However, he did not give up. In 2019, he applied for mortgage loans to the bank through several properties under his name, and invested 30 million yuan in order to expand production with the advantage of capital, thus rapidly turning over the market.Mr. Zhang: Unfortunately, man is better than god, and change is better than plan.With the sudden outbreak of the epidemic in 2020 and the deepening impact of the trade war, Mr. Zhang’s heavy investment did not play a role, but further widened the loss.At this time, Mr. Zhang realized the seriousness of the problem, but it was too late. The money invested was just like water poured out, which would never be recovered. Besides, the bilateral impact of the trade war and the epidemic was beyond his personal ability to control.After four consecutive years of losses in the factory, especially in 2019 when the loan was added to the investment and the interest was rolling, Mr. Zhang could not bear it soon. By the middle of 2021, the 30 million yuan added to the investment had lost almost all.In addition to the 30 million yuan of additional loans in 2019, there are 15 million yuan of mortgage loans and about 10 million yuan of private loans in the early stage. Mr. Zhang’s debts have reached 55 million yuan.Obviously, the loan has already been borrowed, and Mr. Zhang can’t borrow any more money.Helpless, Mr. Zhang began to sell off the name of the property.Mr. Zhang has quite a lot of real estate under his name. The couple have a total of 3 houses in Futian, 2 houses in Nanshan and one top apartment in Futian — Shenye Upper Town. The total value of the 6 houses is about 90 million yuan by the end of 2020, but by the second half of 2021, the second-hand housing price in Shenzhen has plunged, and the market value has dropped to 72 million yuan.In order not to roll over the interest and expand the debt, Mr. Zhang sold four houses in October 2021 at a very low price. These houses were purchased in the early stage, and the price was low at that time, which generated a large profit.Mr Zhang by selling off four sets of house property to raise a total of 36 million, but left about 19 million stay still, Mr Zhang cannot choose at this moment, I don’t know which a good sell, if sell house, later children reading, there is no school, moreover also is not enough, also sell if deep industry’s top apartment uptown, buy losses over five and a half years, the heart has unwilling.After three months of hesitation, lower housing prices and suggestions from many friends, Zhang decided to sell his apartment.At the end of May 2016, Mr. Zhang bought the high-rise reserved unit in Shenye Uptown from the developer. But at that time, the housing price just rose to the stage peak after two rounds of increases in 2015 and early 2016. The total price of the 260-square-meter apartment Mr. Zhang bought at that time was about 23.5 million yuan, including about 700,000 yuan of taxes and fees, and the total direct cost reached 24.2 million yuan.But Mr. Zhang thinks his cost is much lower than that. He thinks the total direct cost of his holding has reached 28.5 million yuan with the interest from the bank for five and a half years. However, Mr. Zhang is also right.However, the current second-hand housing market can not sell the starting price, especially apartment investors do not want to buy, and hanging the normal price to sell is simply impossible.In the cruel reality, Mr. Zhang keeps lowering the price of this 260 square meters apartment, from the highest selling price of 32 million, and finally to the original price at that time, that is, the original price registered in the house property certificate 23.5 million in last Friday’s transaction.To calculate, Mr. Zhang bought this top-class apartment five and a half years ago, when he bought it very cool, but now he sold it at a loss of 5 million yuan, an average loss of 1 million yuan a year. However, it is good that Mr. Zhang finally paid off the debt, leaving a house worth about 12 million yuan and an extra 4 million yuan in his hand.Despite five consecutive years of decline, a lot of money, but Mr. Zhang is still shenzhen’s middle class, is still a winner in life, but after this ordeal, its assets have been substantially reduced by about 80%.But Compared with many, Mr. Zhang was lucky to have bought so many houses early, otherwise he would have been in debt and lost everything, making it hard to recover.Although Mr Zhang in 2016 bought the wrong room, in thine own more gold, thought that is bought from you live, live forever, never sold, overtown shenzhen like deep industry, after all, so beautiful, so high-end, so few spectacular house, at the time of the background, Mr. Zhang is really worth having such a high-end apartment.However, the day is unpredictable, people have sudden misfortune and happiness, Mr. Zhang did not expect that in the subsequent five years of life experienced 180 degrees of change, so that he chose to break his arms, reluctantly, so high, so top apartment in a large loss of 5 million sold to others to save themselves.Deep industry shangcheng Mr. Zhang signed the contract with the buyer, the speed of writing is very slow, write stop, three words fully wrote 1 minute, visible its heart is how reluctant…