Rebirth of the Financial Overlord

Thomas Conn wailed in his heart, but his body was very upright and kind, and he helped Annie into the bed. A beautiful lady accidentally fell down. As a gentleman, she has to do something.

However, Annie's request was so many.

"Mr. Conn, can you help me see how the bread is doing."

"Mr. Conn, my water pipe is dripping. Can you fix it for me."

"..."

"Um... Well, Mr. Conn, can you not look at me like this."

Thomas Conn has had enough.

Now, in summer, Thailand is full of sunshine. The bread is not soft enough for her to knead the dough. After the dough is kneaded, she asks him to repair the small water pipe. Sweat, my legs feel a little soft.

He is just a poor landlord, and he has to be tossed like this.

But the tenant has a request. As the landlord, he has no right to refuse. This is the spirit of the rental contract.

Fortunately, it took ten minutes and, with a wealth of experience, Thomas Conn’s problem was finally solved. The water pipe stopped dripping and the bread was ready.

Putting on the clothes that he took off because of sweating, clutching his aching old waist because of squatting for too long, under Annie's smile, Thomas Conn packed up the maintenance tools he carried with him and walked out of the villa door.

The rent, of course, has not been received.

Six months ago, the Shen Jiannan Charity Fund was established in Thailand with the purpose of helping Thai people who are living in difficulties solve some economic problems.

Including, low-rent housing.

As long as you register with the Shen Jiannan Fund and verify it, you can rent a spacious and bright house at a price of 2,500 baht per year.

As the executive director of the Shen Jiannan Fund, Thomas Kahn used a small privilege to solve the housing problem for some mentally poor Bangkok residents. What does it matter?

Walking out of Annie's residence, Thomas Conn returned to the car and looked at the list of carefully registered guests. This is what he likes to do most in his spare time. Collecting rent, chatting with young and beautiful tenants, helping them solve some problems, makes people feel particularly comfortable.

Yes, they are all young and beautiful female tenants.

why?

Of course it is because Thomas Conn only went to these places to collect rent, otherwise, he would collect hundreds of thousands of houses by himself, and he would not be exhausted.

Wan Lana, Nandi, Kamani, Esta...who is going to collect rent. Flipping through the list of tenants in his hand, Thomas Conn felt like he had lived on a dog for the first half of his life, or in other words, he had lived on a pig.

A year ago, the company spent US$100 million to buy 180,000 properties in three major cities.

Thomas Conn has always felt that this is a very stupid investment.

In order to curb the overheating of the Thai economy, Thailand's housing loan interest rates have always been high. With the speed of real estate appreciation, at most smoothing out interest rates, the return on income that can be obtained will be very low and very low.

As a result, last year, Thailand’s real estate prices rose by an average of 15%, far exceeding his expectations.

The heck of supply and demand determine the price.

Thinking of the basic economic laws that he had learned in college, Thomas Kahn felt deeply that he had been deceived for most of his life. Up to now, he still didn't realize that Thailand's real estate prices suddenly broke out because of the ghost of his own boss.

180,000 houses were swept away at once, and there was a big vacancy in the Thai real estate market, which caused the market price to soar.

Investigating the source is not the one hundred million dollar boost from the boss.

Of course, it cannot be said to be 100 million US dollars.

Adding the total amount of bank loans, the total capital investment has exceeded 90 billion baht, which is nearly four billion U.S. dollars.

House prices have risen by 15%, and the net profit is nearly 8%. Because the average price of each house minus the spread, it has already obtained 8% of the income. The rental rent can completely smooth the labor expenses and There will be tens of millions of dollars left in all public relations expenses.

What a **** guy.

Feeling comfortable scolding someone who couldn't hear him, Thomas Conn decided where to go.

Kamani, that is a lovely girl, listening to her will always make people feel very relaxed and happy.

Ding Ding Ding-

The phone he was carrying with him suddenly rang, perhaps because of a guilty conscience, Thomas Conn was so scared that the registration form in his hand fell to the ground. Realizing that he shouldn't be guilty, he pressed the call button.

"Hi. This is Conn."

"Thomas, it's me."

"Oh, boss! Long time no see, is the weather good on your side."

"Fortunately, how is the weather in Thailand."

"The weather is very good, the sky is clear, the sun is shining, it's just too hot."

"Thank you so hard."

"No hard work, no hard work. Serve the boss, say my duty."

"Thomas. You are getting shameless."

"Oh Maga, boss. You can't wrong me like this. In your Huaxia's words, this is called upper and lower effects."

"..."

After some fart, Shen Jiannan changed the subject and talked about the business.

"Listen, Thomas. Now, we need a lot of money, and I need you to deal with some real estate, whether it's going to the bank to mortgage or sell, there is no problem. But it must be fast."

"..."

"..."

Thomas Conn was stunned, and he had been the landlord for a long time. He has fallen in love with the landlord's life now. Although it is very hard work to help tenants often, but the hard work makes people happy and fulfilling. How can he be a happy landlord if the house is sold?

"Boss. The real estate market is hot now, and I believe that real estate prices will rise again this year. If we sell now, we will have a lot of losses."

"Oh. Conn, have you fallen in love with the landlord profession?"

"Nonono, boss, I’m serious. You also read the report last year. The price of real estate has increased by 15% every year. We have made a lot of money. God, this is a lot of money, rent, There are 18 million dollars a year. It’s like a hen that lays golden eggs, how can you sell it."

From an investment point of view, Thomas Conn is actually pretty good.

The annualized rate of return of 8% is already very high, and there is no need for additional investment at all. When you need to repay the bank loan, you can easily get it by selling some property rights and adding rent.

Thomas Conn has already counted it. He sold 6,000 houses last year. When all his loans are paid off in the future, he can make at least tens of thousands of houses aside from the 100 million dollars invested.

What is this concept?

Not only an old hen who can lay golden eggs, but also a house that can give birth to a house, how can it be sold.

With Thailand’s current economy and healthy inflation, this expectation is believed to be completed in less than five years. Now, the European and American market economies are sluggish, and the Japanese economies are also in the abyss. The world is afraid that no investment with such a high return rate will be found.

It's a pity that Thomas Conn doesn't know Shen Jiannan's true purpose or the agreement between Capital One and HSBC.

"Thomas. Listen, don't forget the real estate bubble in Japan. Now, I have a better investment plan, but it needs a lot of money. Listen to me. If you can mortgage the high-quality real estate with the bank, just use it as a mortgage. Give it to the bank and sell it as soon as possible. Ok?"

After a pause, Shen Jiannan added.

"The real estate mortgaged to the bank, and subsequent repayments, don't care about it. Let the bank handle those assets for us. Now, we only need cash."

"..."

Not repaying the loan?

Thomas Conn was stunned.

"Boss. If the loan is cut off, it will seriously affect our reputation in the banking industry."

"What does it have to do with us? It's not the house we bought, are you right?"

"..."

Thomas Conn was almost choked to death by Shen Jiannan's words, but he suddenly realized that his boss seemed to be right.

Anyway, those registered with property rights have nothing to do with the company, nor with themselves.

and many more--

Shameless!

Can you be more black-hearted. An identity certificate cost a mere tens of dollars, but it sold them like this.

"Boss. You're really not a thing. If we cut off the loan, the bank will definitely treat those properties as bad assets. Wouldn't those who register have to face a lifetime credit default."

"Hmm! What does that have to do with us. I don't want to keep losing money on 6.8% of the mortgage every year. Besides, we gave them money."

"..."

Why is there such a shameless and evil person in the world?

After hanging up the phone, Thomas Conn looked up at the clear sky, and seriously drew a cross on his chest.

"God. Please forgive my sin, it was the **** who forced me, please bless those poor guys, don't be too miserable."

At 2:30 in the afternoon, Bangkok Bank.

Three luxury cars stopped slowly at the entrance of the bank lobby.

Soon, Thomas Conn took a big step and walked into the bank hall with his secretary, professional lawyers and a few bodyguards.

Suddenly a dozen people came. As long as they were not fools, who could not see the identity and status of Thomas and his party, Bank Manager Kuan Caron immediately greeted him with a smile.

"Mr. Conn, hello. Is there anything I can help?"

Obviously, Kuan Caron and Thomas Conn are old acquaintances.

No wonder. I bought 180,000 houses, but they all relied on mortgages and then purchased and mortgaged. Thomas Kahn visited almost all banks in Thailand, not to mention the accounts of financial companies. He is one of the most senior VIPs in the entire Thai banking industry. One.

Under the reception of Kuan Karon, the group was greeted into the VIP lounge of Bangkok Bank.

When Thomas Conn talked about the purpose of borrowing money, Kuan Caron smiled more respectfully.

In the past year, the business commission earned by Bangkok Bank at Thomas Conn has been an astronomical figure.

This guy, not only has a good reputation, but is also generous, who would not like it.

Now, as long as the bank can borrow money, the bank will be able to earn interest again, and he can also get a generous business commission. The real estate is booming, and the risk is minimal.

"Mr. Kang En, I don't know how many baht you want to borrow."

"Oh, that's the case. My company in the United States now needs a large capital turnover, probably seven billion baht."

"..."

at the same time.

The No. 1 real estate agency rental and sales company in Bangkok has huge posters hanging in front of its branches.

Near Silom Night Market, luxurious and well-decorated mansions are on sale for a limited time.

Sukhumvit Road asok, nana, there are houses of different sizes for sale, and the time limit is three days.

Due to the immigration of homeowners, ekkamai has finely decorated units for sale for one week.

Bangkok’s location is unique, with moderate temperatures of 360 days a year, making it always suitable for people to live in.

In recent years, with the full liberalization of Thailand's economy, countless overseas capitals have swarmed in, pushing Thailand's economy to new highs one after another.

People's income has been tumbling, and the quality of life has continued to improve.

The sun is shining and the wind is beautiful.

Walking on the streets of Bangkok, you can see men and women in bright clothes everywhere, with smiles and joy on their faces, enjoying the prosperity brought about by economic development. At the fruit stalls on the road, people often bargain with vendors to buy things, and the meat stalls in the vegetable market always crowd around many people to buy fresh meat.

Today's Bangkok is not too different from Hong Kong's nine districts.

In the crowded streets, you can often see motorcycles roaring past, even cars are not particularly rare things. Some people are holding the latest styles of big brothers, some are wearing gold necklaces around their necks, some are watching the rise and fall of securities around the securities company, and some are in long lines at the bank to withdraw money.

Asian miracle, the first of the four tigers in Asia. But no one knows that the changes on the other side of the earth will break the prosperity here.

London, England.

Shen Jiannan sat on the sofa, quietly meditating ~www.novelmtl.com~ The dark eyes flashed with dim light from time to time, which meant that his brain was running at high speed.

Although Thailand’s real estate market is still very hot, if there is a large-scale sell-off, the market will soon be smashed, and the real estate concentrated in Bangkok Bank will be completely out of supply and default. 30,000 properties and bad debt rate are enough to reduce Bangkok The bank is pushing into the abyss of bankruptcy.

Even if BoT cannot save Bangkok Bank to death, it will inevitably attract the attention of the entire banking industry. At that time, the Thai banking industry will increase the risk assessment of real estate to limit the loan scale and reduce the loan ratio. It will be no surprise. .

Once the risk assessment improves and the capital flowing into the real estate market from the banking industry is greatly weakened, the rising trend of the Thai real estate industry will soon fall into the bottleneck of contraction. With Thailand’s ambitions and only wanting to build an Asian financial center and maintain the exchange rate of the Thai baht, it is impossible to increase the amount of currency to protect real estate. If capital investment is reduced and the rate of return is reduced, then Thailand can only follow the old Japanese path. , There is no other choice.

It seems that you have to be gentle. If someone enters the game early, wouldn't it be a bad thing.