If the price drops by 50%, how much assets will be left? The answer is one house.

Alternatively, the home could be sold for $25 million.

But if a house worth 50 million yuan has a down payment of 30%, a mortgage of 20% has been repaid, and the price drops by 50% and lack of funds leads to default on payments, how much equity will be left?

Half? Or break even? No.

The answer is that the house is gone! The down payment and mortgage repayment are also gone!

And I still have to owe the bank some money.

Because when the mortgage is defaulted, the bank has the power to auction the house through the court to control risks.

But the price of a house sold at a foreclosure sale will be much lower than the market price.

Assuming the house is only sold for 15 million, the bank will deduct the auction proceeds from the total amount owed. As for how much the client spent on the house, it has nothing to do with the bank.

After all, banks are a vulnerable group.

I took a look at the large amount of non-performing assets held by Mujin Credit Union.

There are unfinished houses under the name of Mujin Housing Construction Company, as well as stranded assets due to customers' default on mortgage payments.

"Qi Shui-kun, how is the Credit Bureau going to handle this matter?"

"According to the procedure, these assets will be auctioned off by the court and eventually disposed of to settle the deposits of some of the depositors of the Mujin Credit Union."

Qingshui Zhaoyan said this and handed over a batch of price lists for auction houses that would be processed in the near future.

Nagano picked it up and took a look at it, then lit a cigarette and leaned back in his chair: "At this price, it will be difficult to sell it at auction according to the current market liquidity!"

"What do you mean, sir?"

"Depositors deposit money in banks because they trust them. They are innocent to suffer such a thing. However, those who committed suicide by leveraging their leverage seem to deserve it. So why not set the starting price lower?"

“.”

Right now.

Nagoya Central District.

The busy streets are crowded with people. Looking around, young people are dressed fashionably and walk briskly, with different styles combined with ethnic costumes, and the atmosphere is full of liveliness everywhere.

Normally, Oko Kaibe is too busy with work to take time to stop and think too much, but after listening to what Nagano Nao said and doing some research from the Ministry of Health, Labor and Welfare, she suddenly realizes that the situation may be worse than she thought.

In recent years.

The birth rate of new babies continues to decline.

As early as 1976, the government proposed that Europe's aging trap must be avoided, but it seems that the problem has not been solved.

The thought flashed through my mind that the young people around me had turned into old people, staggering and moving slowly, like zombies surrounding me.

How terrifying that world must be! "Oko! Here!"

Her friend's shout disrupted Kaibe Oko's thoughts. She looked up, forced a smile, and rushed towards the cafe where her friend was.

His strange walking posture caused Mieko Mizuma to look at him strangely: "Oko, what's wrong with your leg? Is it hurt?"

"It's okay! I just bumped into it accidentally yesterday!" Kaibe Oko's face suddenly became hot and she quickly avoided her friend's strange look.

Mizuma's eyes became even more strange because of this: "It was touched? It doesn't look like it! Could it be that it was torn because of the over-exertion with my boyfriend?"

"Idiot! What nonsense are you talking about? How could such a thing be possible!" Kaibu Oko was so angry that she exploded.

Mizuma laughed: "You reacted so strongly, could it be that I guessed it right? Oko, you are such a cunning woman, you didn't even tell me that you had a boyfriend?"

"I've already said that it's not true! If you do this again, I'll get angry."

"It was just a joke. Is it necessary to have such a big reaction? It's because you're worried that you'll become an old virgin and no man will want you!"

"What's the point of men? Please look at what era we are in. Just like Shan Yijun, he can't even make a promise to marry and yet he does that kind of thing. It's better not to have such a bastard man!"

"You can't blame him. After all, you know how much civil servants earn!"

"I'm sorry! I didn't mean to do that."

"Don't I know your personality? That's why I'm worried about you. You're even worse than men. As my mother said, it's hard for you to find happiness."

"What's the point of being happy or unhappy? I feel pretty happy being alone!"

"Forget it, forget it. Let's talk about what you mentioned yesterday. Is there any hope?"

"That guy should have agreed! After all, the bad assets of Mujin Credit Union need to be dealt with, and the price should be cheaper if it is auctioned off."

"Oh! Really? That's great!"

Mieko Mizuma couldn't help but show her excitement.

Houses sold at foreclosure are often much lower than the market price. If you have connections with Kaifu Oko, you might be able to get a great bargain! But Kaifu Oko was in a bad mood for no reason and couldn't help but say, "It's just a house, is it that important? Don't you think that true love becomes impure when it's mixed with these things?"

"Oko, you really don't know how expensive daily necessities are! How will people laugh at me if I get married without a house? After getting married, I'll still curl up in a bachelor apartment without even a place to put a baby stroller? Love is love, but life is life! You'll understand when you have a boyfriend in the future."

"I'm not looking for a boyfriend!"

"Really? What if I need one? Should I buy an electric one?"

"You're a pervert! How dare you say such a thing!"

"You are not a child. Confucius said that food and sex are human nature. This is the same thing as eating!"

"I won't tell you anymore!"

Kaibe Oko was so angry that she hit her friend angrily.

In this way, the marks hidden under the sleeves were exposed.

Mizuma Mieko's eyes widened instantly, and she asked in surprise: "Ah! Oko, what happened to you? Why are you injured so badly?"

It was that pervert from Nagano who did it! Mention this.

Kaibu Oko gritted her teeth secretly, hating it to the core.

Just rape her, but why do you handcuff yourself? Don’t you know it hurts?

idiot!

What are you thinking about?

What does it mean to rape?

Shouldn't that bastard be killed and sent to hell? "It's okay. I thought of a new exercise method yesterday. I hung myself up with handcuffs and did gravity pull-ups, so..."

"No way! Oko, do you have a masochistic tendency? Hanging yourself up with handcuffs and doing gravity pull-ups? This is really too perverted!"

“You don’t understand, this is a new way of exercising”

“.”

The two were chatting.

Time passed quickly.

Some people were thinking about the house, so Mizuma Mieko couldn't help but ask again: "Did any of your friends say when it can be arranged?"

"Well, I forgot to confirm it with him!"

"Ah! I'm not in a hurry, it's just that the child is already this big, if I don't make a decision, then I'm leaving it to you, Oko!"

"Then I'll call and ask again."

Ring, ring, ring! The mobile phone in the bag suddenly rang.

After the call was connected, the annoying voice came out of the microphone immediately: "Ms. Kaibu, as a civil servant and investigator, you actually stole. This is really too much!"

"What?"

"You still don't admit it? You took 1 billion of my funds from the detention center last night and left without saying goodbye. Isn't this stealing?"

"How could this be possible! I checked your clothes and there is no money inside!"

"You can do the math yourself. Three hundred million once, three times is a billion!"

“.”

“.”

I never thought that the account could be calculated this way.

After being stunned for a long time, Kaibu Oko was so angry that her chest exploded: "Nagano, you dung beetle, stinky squid, go to hell!!"

"I've already contacted you about the foreclosure sale. Don't you want it anymore?"

“.”

Two hours later.

A restaurant in Kobe.

Mizuma Mieko looked at the boy opposite her like a thief, and from time to time she looked at her good friend Kaibe Oko's face.

As a bestie.

Mizuma knew very well what kind of personality his friend had.

But his hatred of evil character would not make him stare at the most heinous bastard like he does now, with eyes full of hatred, but no murderous intent could be felt.

What is the relationship between these two guys? But such a tall boy, and he looks very manly, could it be that something unspeakable has happened ?

The genes of the Kaibe family are really good.

Even though Kaibe Oko's eyes were glaring with anger and hatred, her beautiful double eyelids revealed her pair of dark eyes, which were pleasing to the eye no matter how you looked at them.

Anyway, glaring won’t kill anyone.

Nagano Nao ignored the hatred and handed the prepared information to Mizuma Mieko.

The large-scale non-performing assets include residences all over the country, ranging from high-rise buildings to various single-family houses and even villas.

The prices of these properties are definitely not something that someone of Shuijian's level could even dream of.

“These are the latest batch of homes to be auctioned, so the price should be 30% higher than the market price.”

"Wow! This is too cheap!"

Mizuma Mieko made an incredible sound.

You should know that Sakae-machi is one of the most prosperous streets in Nagoya's central district. Even though the current real estate prices have fallen sharply, the price of a single-family house in Sakae-machi is still around 800,000.

Five hundred thousand a stack is ridiculous! But this is unbelievable, and it is ridiculous in the eyes of Nagano Nao.

Having seen how Japan's future scenario would develop, he knew how low housing prices would fall.

Even in Tokyo, the price dropped to only one-tenth of its peak at its worst point. In places like Nagoya and Osaka, houses costing three hundred thousand yen are everywhere.

"Ms. Mizuma, are you planning to buy a house in Sakae-machi?"

"Yes! My boyfriend works near Sakae-machi, so we can save a lot of transportation costs! And Oko's family is also in Sakae-machi, so if Nagano-kun and Oko have a fight, I can help ease your relationship!"

"Mizuma, stop talking nonsense, I have nothing to do with him!!" When Kaibe Oko heard that she was being implicated, she glared at him angrily.

Mizuma immediately retorted: "Oko, do you think I'm an idiot? Your eyes are so wide, if it wasn't because of our close relationship that there was a conflict, would you have such a violent reaction?"

"Thank you, Ms. Mizuma. You know Oko-chan's personality, so I'll be in your care in the future!"

"Nagano-kun, you're so polite! I'm Oko's best friend, I'll definitely help you with something like this!"

"Mizuma!"

Ignoring Kaibu Oko's roar, Nagano Nao said with a grateful look on his face: "In that case, for Oko's sake, I should be able to help Miss Mizuma get a 10% discount on the price."

"One percent off?"

Mizuma Mieko covered her mouth in shock.

Even Kaibu Oko, who had no idea about money and houses, forgot to get angry again.

"Are you serious, Nagano-kun?"

"Of course! I, Nagano Nao, never lie. If you don't believe me, just ask Oko."

"Oko, is this true?"

“.”

Kaibe Oko stood up without saying a word and walked to the side.

And those staring eyes seemed to be able to speak, obviously calling Nagano Nao to come over and talk.

"I'm sorry Miss Mizuma, it looks like we'll have to talk about this later."

"It's okay! That's just Oko's temper. Please be more tolerant, Nagano-kun!"

"certainly!"

“.”

Followed Kaibe Oko to the bathroom.

Nagano Nao stopped and looked at the delicate face in the mirror.

"What on earth do you want to do, you bastard? Don't think that if you please Mizuma, I will forgive your meanness and shamelessness!"

The voice was filled with hatred and carried a cold and fierce aura.

But Kaibe Oko herself didn't realize that these words sounded a bit like coquettishness.

Nagano turned on the faucet and washed his face, then he grabbed a piece of paper and wiped his hands before saying disdainfully, "Excuse me, Miss Kaibu, you think too highly of yourself. You don't think I'm doing this because of you, do you?"

“.”

"As you can see, many ordinary people like Mizuma are full of hope for just a house. What a simple and honest need. But worthless steel and cement are driving this country to hell. Don't you think that as a responsible president of the public sector, don't you have the responsibility to ensure that more people can afford houses?"

“.”

"So this matter has nothing to do with you, Miss Kaibu! In today's world where China has become the second largest economy, young people have lost their homes. I just think that this situation should be changed!"

Kaibe Oko was full of disbelief: "Just because of this reason?!"

"Of course not! We will do what the Ministry of Finance cannot do. There are some things that the Cabinet cannot do in order to maintain the current interests, but we will do them. Sticking to the current order is not the result we want to see. If we want to gain public support, we must change the status quo."

"So, it's just because of one's own selfish desires!"

Oko Kaibe said disdainfully that the look of this despicable person was really disgusting.

Nagano Nao said indifferently: "On the way to hell, there are several traffic lights, and it doesn't matter whether the car breaks down or not. What matters is that the destination remains unchanged. And isn't this the result that Miss Mizuma and more Miss Mizuma hope for?"

An obviously bastard explanation will lead to an irrefutable result.

Because of this, Kaibe Oko suddenly felt that the world was so absurd.

At this moment, she felt for the first time that being in darkness but standing on the light was not just the devil's sophistry.

"So, you are further disrupting the real estate order, using a large amount of non-performing assets to trigger a greater wave of defaults, creating a vicious cycle?"

"Smart! But you can also say it another way. We demons are putting an end to the current situation, so that more people will not be unable to get married or have children because of housing, and this country will not go to hell."

“Can it be changed?”

Pah! Nagano Nao lit a cigarette.

long time.

long time.

He shook his head and said, "No!"

"What?"

She had originally accepted Nagano Nao's statement, but suddenly got the answer that it was not possible. Kaibe Oko's emotions were obviously out of control.

"Because the economy has been hit, the situation will inevitably get worse. Then there will be a wave of unemployment and bankruptcy, and a vicious cycle is inevitable!"

"So what's the difference between you and those bastards?"

"The difference is that mortgage payments are a long-term overdraft of the future. They are a natural contraceptive that leads to a decrease in the number of new babies. As population is the first resource of production factors, the country will sooner or later be doomed if the number of newborns continues to decline.

But if the annual income is 4 million, and the price of each house drops from 1.6 million to 300,000, with the income remaining the same and the expenses reduced, do you think there will be some improvement? "

This is a simple arithmetic problem.

Although it cannot be completely changed, compared to the fact that it will end sooner or later, at least the population will not collapse completely.

“But won’t incomes fall as the economy gets worse?”

"Of course not. I can assure you of this. In the next thirty years, please believe me, this demon in your eyes will do whatever it takes to ensure that the income of most working-class people remains the same, or even increases."

Nagano Naoio said this with great confidence, and in order to express his determination, he even used the skill of clenching his fists, his determination overflowing from his eyes.

Although, he knew that things would change in that direction with or without him.

But when Kaibe Oko saw this determination, she felt a huge shock in her heart, and suddenly realized that the bastard in front of her didn't seem that bad after all.

"But to do this, we still need your help, Oko. The existence of a monster like the Ministry of Finance is like a cancer cell that has grown in size and is devouring this country, so."

Nagano Naoio said, the host is Kaibe Oko.

Being attacked in such a place, the woman quickly protested: "Yamedie"

“.”

"Someone will see us!"

"Then let's go to the bathroom!"

“No, this is the men’s room.”

"Let's go to the ladies' room then."

"I promise you!"

"Then don't push me!"

"I'm talking about what happened just now!"

"I'll tell you later."

"I'll die if I'm discovered!"

"I have a gun, if anyone dares to force me, I will shoot him to death!"

“.”

Half an hour later.

Nao Nagano patted his butt and left the restaurant.

Kaibu Oko hesitated for a long time, then walked out of the bathroom with her head down.

Mizuma Mieko covered her mouth and opened her eyes wide. After watching Nagano Nao's smile fade away until only his back was left, she exclaimed, "Oko, you are too amazing. You dare to do such a thing here!"

"It's not what you think. I'm worried about whether this will violate the rules."

"I understand! I understand, I won't tell anyone!"

"It's not what you think!"

“I’m talking about the house.”

With the operation of Shimizu Terugao, there was no need to do anything, and a single-family house in Sakae-machi that was once worth 50 million was bought by Yamamoto Ichio for 7 million.

The couple was so grateful that Lingti gave them many small gifts. Mizuma Mieko also tried her best to bring them together, which made Kaibe Oko angry and she didn't know how to explain it.

It was obvious that he was caring for Mizuma because of his relationship, but he still said that. Nagano is such a bastard! "Onii-chan! We're going to have summer vacation tomorrow!"

"so what?"

"Ouni is so cunning, you know I want to go out and play but you still ask me this on purpose!"