Times spring tide is boosting role of a society for the hero while, also be in placed ardent hope to this part. Now, it is the heart at the beginning of regression of investor of the person that do poineering work, when reflecting him society sense of responsibility.
Recently, " why intermediary is fooled grab source of the room that rent, because peddle poison,do not have it to come buck is quick " one article brushs screen in friend circle. Zhang Ren of author black bamboo is intermediary people blind area of benefit use statute is tricked hire a guest to sign hire a room to borrow, in order to hire the guest's credit from cover the hire that takes a year of above to the bank, come money rate is rapidder than peddling poison.
Is than peddling poison to come money returned fast?
The logic of the essence of mode of business of the loan that rent that hires what apartment nowadays carries out to be as long as one year with the length that freely, chorion heads is hire a room to borrow through this kind, long rent apartment every sign to rent a settle or live in a strange place, can cover the hire that takes a year from financial orgnaization, the lunar hire that rents a settle or live in a strange place next (or season hire) will grow with the formal side that borrows money in installment hire apartment to return financial orgnaization.
"Chorion " the plan of cut of contract of the loan that rent a house that hires a guest
However, grow the hire that hires apartment to agree according to the contract to pay landlord (the month pays or season pays) hind, still can the capital that keep borrows money from financial orgnaization for the most part, these capital can be grown to hire apartment to continue to use sign more room sources, sign thereby make an appointment with more lodger, go round and round, long hire apartment to be able to be planted with this the room source with means many forcibly occupy, this is us what say " empty-handed covers white wolf " .
This kind of pattern is actually similar tool of a kind of finance calls ABS (a dark horse of poineering home &i notes: Capital negotiable securities is changed) financing mode, the asset that belongs to with project place changes financing way for the negotiable security that sustain.
ABS financing mode
The property that owns with project place namely is a foundation, with the anticipation that project asset can bring accrual is assure, come through bond is being issued in capital market the means of financing of a kind of project of collect capital. Of long-term apartment hire the room is borrowed even if serve as rock-bottom assets cash to flow to financial orgnaization to borrow money with anticipated rent.
Begin from last year actually, the ABS that freely applies for to be rock-bottom asset in installment with chummage to relevant orgnaization will achieve the dilate of financing dimensions, rent the market with quicker speed race to control. Besides, the emission of ABS interest rate is in probably 5% to 6% the left and right sides, far be less than interest rate of loan of medium and small businesses (a dark horse of poineering home &i notes: 10% above) . Why do this say namely, "Grow the speed that hires apartment to take money to want than selling the person of drugs fast " .
Fiercer than P2P Bao Lei?
Afore-mentioned articles still think, rupture when catenary of intermediary company capital, all did not remand loan becomes bad Zhang entirely. Bad Zhang scope is little criterion a few hundreds of 100 million, want to one closes down only, the chain that may cause entire industry dies dish. From incidence for, long if explode,rent apartment storehouse, compare P2P Bao Lei certainly fiercer.
What reason can be brought about long hire apartment to appear explode storehouse? Bright hair doctor is opposite man of financial learned man a dark horse of poineering home &i expresses, long hiring the logic with apartment ceaseless and outspread business is the anticipation that is based on chummage to rise, if the chummage of lodger can't be made up for beforehand the interest that the hire to landlord increases acceptance to pay finance the orgnaization and other operation cost, long hire apartment to will face deficit predicament.
If grow hire apartment to the room is borrowed or be jumped over in order to hire with the money of ABS financing much, deficit will be huge, arrive greatly inestimable when, whole capital catenary can rupture, long hire apartment to be able to explode storehouse, this also is why a lot of people think this is to grow one of reasons that hire apartment to drive chummage to rise of purpose.
Those who rent a settle or live in a strange place hire a room to borrow contract detailed information
This circumstance but analogy 2007 of the United States sub borrow the crisis. After house price of the United States drops at that time, all finance that come out for fundamental design with house price derive asset to explode thunder, butterfly effect, cause whole banking modes of life and relation to their environment to encircle collapse, cause the United States and even global financial crisis. With this analogize, the building intermediary that rent resembles in those days American finance orgnaization anticipates house price won't fall anticipate chummage won't drop, just meet of unbridled large-scale use hire the room is borrowed or issue the ABS that is rock-bottom asset with chummage to encircle money. Once these intermediary company place do not anticipate the trend of chummage, this kind explodes Lei Yan extends the crisis of really industry catenary that come (include financial orgnaization) will unthinkable.
Nevertheless, look from respect of both risk sex quite, ding Ming is sent not quite self-identity is long hire apartment to explode the odds of the storehouse is more than P2P far. P2P is through selling grain belongings is tasted or loan comes for the most part financing, go putting with these money borrow or invest, will repay with the profit that receives principal and interest. P2P is to pass this both benefit difference to earn money.
Be tasted to can sell property giving reason or lend money from other channel, p2P often affirmatory return rate of higher product of conduct financial transactions or loan interest (a dark horse of poineering home &i notes: Average 10% above year change interest rate) , to can cover such high financing cost, p2P need borrows the project that perhaps invests high risk to borrower with higher interest.
The converse choice of economics tells us theoretically often is those credence compare low borrower to be willing to pay such high interest to come loan, and the borrower with those better credit often can pass a bank to lend money with relatively small much interest.
Converse choice, it is another issue that information asymmetry brings
The user that lends money to P2P mostly honor is not high, user of big probability existence does not return money or still do not go up the likelihood of money. Accordingly, compare P2P borrower and the credit that hire a guest, the credit social estate that leases a guest from all be far for the value under P2P borrower. Besides, the person cannot get on P2P loan to sign a letter mostly, and very big of one part rent a settle or live in a strange place to financial orgnaization (for instance bank) signed hire is borrowed is the letter is signed on the meeting.
Additional, renting a settle or live in a strange place often is detain 1 pay 1, if break a contact often can be touched,rent a settle or live in a strange place sequestered gold. So, the probability of the break a contact that rents a settle or live in a strange place will be lower.
In addition, p2P appears one explodes thunder is incidental a run on a bank, when liquidity occurrence crisis, as a result of information asymmetry, masses panic spreads very easily. And will look at present, one parent hires apartment happening to explode storehouse, the rate that affects another parent to rent apartment is very weak, unless chummage whole be issued to lower levels.
Is ABS tool guilty?
In B2C the mode that rent a house falls, hire what Fang Ying has a deficit to assumed main body to turn into to hire house firm by owner. From the point of business characteristic, b2C hires room initial stage investment is larger, cash flows pay back period to grow, this external cause is for nothing buy period, hire goes up etc anticipate the element such as deviation, can affect its cash flow.
The risk that spreads wave motion to reduce cash and reclaim quickly investment, room pattern is hired in B2C in, besides the formal collection hire that hire borrows, long hire apartment to also be met will much property and fixed assets, issue ABS to change heavy property into small capital fund through baling.
Euramerican use ABS the earliest form of this kind of financing, nearly two years ABS becomes China to compare a kind of popular asset to release a form, a few estate business such as garden of green jade laurel also are using this tool. A when ABS is favorred main reason is, the financing that at present estate company borrows money to the bank is more difficult, they need additionally one kind of means to obtain financing.
January 2017, "Magic square apartment is fiducial be benefited authority assets supports special plan " to obtain wholesale travel, pulled open from this long those who hire apartment assets negotiable securities to change is prelusive. According to not complete count, up to on August 21, 2018, share at present long hire apartment assets to support special plan 11, total dimensions ten billion six hundred and sixty-seven million yuan. Among them, freely issues an amount most, action trader is chief hire collect endowment the biggest.
Graph source: Conduct financial transactions not 2 oxen
In fact, ABS is a channel that enlarges financing, if the enterprise has a few high grade asset to be able to produce the word that cash spreads, OK an ABS of these asset make it, undertake financing. Hasten of capital of medium and small businesses is close now, have a few very high grade medium and small businesses has very high grade project on their hand, if can produce better ready money to flow, it can issue ABS. Below market mechanism, let investor judge and invest.
ABS has the effect of an activator, help industry is on the move capital, make business development faster. ABS regards tool of a finance as itself is inerrable, if the enterprise uses ABS,do the business of a few high risks of course, it is wrong.
"Cover a road to borrow " it is a problem
In fact, a few long hire apartment to be used below consumer unwitting circumstance normally " hire a room to borrow " , bring about consumer " be borrowed money " , compulsive even consumer hires a room to borrow money in installment below the autograph contract. Although do not involve loan interest rate when still be borrowed, in fact in the long run, regular meeting marry again receives loan interest rate in the chummage cost of tenement.
Intermediary covers the entire section that shows rent through hiring a room to borrow, the profit that leasehold platform earns is divided up by intermediary and leasehold platform, the risk left tenement however. The risk that hires a room to borrow is appearing at once grow,renting apartment explode storehouse, intermediary runs road, "Hire a room to borrow " it is brushstroke bad Zhang to bank orgnaization. Hire a guest to be in the position of an unusual inferior position in the crisis, landlord criterion can come to this house recapture, oneself live. Hired a guest to sign loan agreement however, although intermediary runs road, by force of ask for a letter to must continue reimbursement.
On August 17, beijing lives build appoint the sectional concentration such as revenue of bureau of associated city silver-colored inspect, city banking bureau, city talks about the main housing such as apartment of contain of freely, photograph, chorion to hire company controller about, specific requirement housing hires a company " 3 must not " and " 3 severe check " , the fund that includes to must not use the financing channel such as bank loan to get among them is malign source of room of competitive race to control, additional, will severe check the act that does not use financing fund by conventional utility.
Vigilant and excessive gold melts
On August 20, hangzhou is long hire home of apartment firm vessel to announce to go bankrupt, this is long this year rent apartment the first explodes the platform of the storehouse, what backside drag in goes out is intermediary + financial venture problem.
At present certain domain exists " excessive finance is changed " problem, its behave financing of department of the finance in depending on a society, gold to produce opposite Yu Fei financial department and objective asset are excessive expand, profit of blame banking company originates increasingly financial channel, production of goods of tradition of and rather than and commerce channel are obtained etc.
College of finance of finance of Chinese people university teachs Zhangcheng to think of Ceng Zhuanwen to say, if " excessive finance is changed " , chinese economy result is, capital annulus moves the general goods that bring about to rise in price can bring about CPI to go up increase, and melt as a result of the gold of general goods, the commodity price of contact of daily life place can have the people bigger go up, affected the national economy and the people's livelihood and social stability directly.
"A profession, if excessive gold melts, excessive put lever, inevitable meeting creates financial venture and social risk, destroy whole industry finally. Share bicycle such, p2P is such, area piece catenary is such, now, even the oldest the most traditional chummage rents intermediary profession, also be melted by fast gold excessive finance was changed, and be about to explode thunder. " Niu Wenwen of president of poineering a dark horse plaints on individual small gain.
Analysis of bovine article article says, because of the building dish shake date causes P2P a run on a bank to explode does thunder, P2P explode does Lei Youbo reach a batch to appear on the market company and bank, affect trade of inchoate poineering investment even? Explode as to P2P the influence that thunder drops to purchasing power of whole society spending, there still is not statistical analysis now, reckon future can be shown slowly.
Niu Wenwen appeals the person that do poineering work and investor accordingly, must not again excessive finance changes excessive Internet, should want to return to industrial essence severally, in perpendicular fractionize industry serious innovation upgrades, do not blow hubble-bubble again ceaselessly to create wind gap, kill oneself kill a person to kill a society.
"Double achieve these year, the person that do poineering work and investor got a society too much flower and applause, resource and encourage. Now, spring tide already was retreated. Times spring tide is boosting role of a society for the hero while, also be in placed ardent hope to this part. Now, it is the heart at the beginning of regression of investor of the person that do poineering work, when reflecting him society sense of responsibility. When reflecting him society sense of responsibility..
