Chapter 679, a major breakthrough(1/3)
"Since the last Trump Building meeting, I have been staying in New York, and the focus of Kushner's company is shifting here."
"Oh, Mr. Kushner, who is this?"
Nanyi signaled the child next to Charles Kushner and asked.
"I'll introduce you to my son Jared."
Nan Yi stretched out his right hand at Jared Kushner and smiled and said, "Hello, Mr. Kushner, I am Adam."
"Hello, Mr. Adam."
Jared Kushner shook hands with Nan Yi generously.
"I'll introduce you to you. This is my eldest son Adler, and this is my second son. You can call him Nan."
Nanyi treated Jared like an adult and introduced him to two sons. After the three children greeted each other, they got together.
"Mr. Kushner, please sit down." Nan Yi said to Charles Kushner again.
There are too many tables in Chinese restaurants, and they really have to stand in groups like a cocktail party. It is really impossible to spread here. Therefore, the restaurants are like speed-dating, and people move and go to other tables to sit with others.
I was chatting, and I sat there and didn’t leave when I was having fun. I sat there without any speculation and then changed to a table.
"Thank you, you can call me Charles." Charles Kushner said thanks and sat down.
"You can call me Adam, too."
"Well, Adam, what do you think of Koch's ten-year plan?"
Since World War II, New York has been implementing one affordable housing program after another, with the goal of providing housing security for low-income families.
The idea is good, but some of the plans implemented are actually exploited by real estate developers, and few benefits fall into the hands of low-income people.
After entering the 1980s, facing the increasingly severe affordable housing crisis, New York Mayor Koch announced in 1985 that he would invest $4.4 billion in five years to build and improve 100,000 units of housing for low and middle-income earners, which will be a few weeks later.
The target is adjusted to 253,000 sets in 10 years.
This "ten-year plan" attempts to create more affordable housing through various means such as rental, resale and maintenance. Those who intend to repair declining community housing and those who intend to purchase affordable housing can apply for different types of funding.
However, due to insufficient investment, delayed work, and complicated procedures, the chairman of the Community and Housing Development Association cursed: "This is not a housing plan for middle- and low-income people. The housing subsidized by the government is middle-class housing.
The question is not whether to build middle-class housing, of course the answer is yes; the question is who is ahead and who is behind, and who should the city prioritize housing for whom?”
This lack of attention during implementation is also reflected in the fact that affordable housing policies are likely to be shut down due to changes in the external environment.
However, for better or worse, this ten-year plan has been launched. But not long after the charge sounded, it encountered this year's Black Monday. The stock market crash affected the real estate market. The housing transaction volume in the Shangdong District, a traditional middle- and high-income income group, has dropped significantly.
Not to mention other areas.
At present, the ten-year plan has been suspended. What will happen next? Nanyi has not received any pressure. After all, Nanshi is not engaged in the real estate industry in New York, and only cares about housing prices and is not very concerned about the fine-tuning of real estate construction policies.
"Isn't it because of the stock market crash that has stopped?"
"It's not just a shutdown, but this plan has actually been in name only. In order to promote the New York economy and get out of the depression as soon as possible, the City Hall has changed its strategy to give tax incentives and incentivize developers to invest in high-end housing to activate the real estate market.
Currently, there are plans for high-end commercial and residential areas such as Global Plaza and River Walker. The j-51 plan, which was suspended in 1979 due to frequent protests by residents of declining communities, was also restarted and the funding quota was expanded."
The j-51 plan is an old house renovation plan. Some old apartments used for rent or live in by themselves. The landlord pays for renovation and upgrading to improve living conditions. After the renovation is completed, the rent cannot be greatly increased, and it can only be appropriately increased according to inflation.
But it cannot be higher than the low-rent category.
As compensation, New York State will provide tax exemptions and tax cuts on property taxes, because the part of the property tax that improves the house price will not have to be paid. In addition, the property tax that should be paid every year will be deducted until the deduction reaches the nine-year cost of the renovation.
become.
"Can j-51 continue to be implemented? This plan is too unfriendly to homeowners."
“Yes, it’s very unfriendly. The $100 ten years ago is not the same as the $100 now. Moreover, after the house is transferred, the new homeowner still wants to maintain the low-rent property of the apartment, and no investor will be interested in it.
I'm not optimistic about this plan."
Nan Yi nodded and said, "Yes, if you want to talk about investment, there is still a lot of room for appreciation in high-end residential communities. The new policy of the city hall should be of great help to improve the economy, but it is still unfriendly to low-income people.
How many homeless people are there in New York now?”
"More than 70,000, and the current homeless people are no longer just alcoholics, lazy, drug users, but also homeless families whose houses were taken away by banks due to bankruptcy."
"It's so miserable, we should help them." Nan Yi's eyes were sour and he said with gratitude: "Press the city hall to propose feasible strategies to improve the living conditions of the wanderers."
Charles Kushner raised his wine glass, "God bless them."
"God bless them."
Nan Yi also raised his wine glass and echoed.
After taking a sip of wine, Charles Kushner said, "Adam, I plan to join the Global Plaza program. I wonder if you are interested?"
“Where is the location?”
“825 Eighth Avenue.”
When Nanyi heard that the location was pretty good, he said, "Tell me about the construction plan in detail."
When he heard that Nan Yi was interested in learning more, Charles Kushner was excited and organized a little bit of the language and said: "The area of No. 825 is enough to build three commercial buildings, residential mixed buildings, and the one on the street,
The side facing the street can be used as a shop, the upper floor is a residence; the middle one is a high-end residential apartment; the inner one is used as an office building.”
"Skyscraper?"
"Yes, office buildings can be built about fifty floors, and the other two are slightly shorter, high-end residential apartments. I plan to build them into luxury apartments. After completion, the price will not be less than 3 million per unit."
"This price is not cheap. Which customer groups are you planning to promote it?"
"Movie stars, sports stars, Middle East rich people, and emerging rich people on Wall Street, these groups are relatively young and have advanced consumption concepts, and they will definitely like it."
According to the housing price trend in New York, although apartments in the city center are priced at a high price and the annual holding cost is not low, as long as they do not go bankrupt in the middle and can persist until the housing prices soar, buying an apartment is a good investment.
Nanyi's houses in Columbus Apartment were rented in two north and south, each of which could be rented at a sky-high price of 70,000 US dollars a year, and it is still increasing at 15% every year.
Although Charles Kushner plans to order a house price of $3 million, as long as the house itself is worth considerable and with a gimmick, there is really no need to worry about not being able to sell it.
"Will there be time in the next few days?" Nan Yi asked after thinking for a while.
"I have no arrangements for the rest of this month."
"I will chat with Scarlett, we'll make an appointment later."
"Ok!"
Charles Kushner responded happily.
As long as Nan Yi is willing to consider it, Charles Kushner's intention will be achieved halfway. Global Plaza is a good project. If it weren't for his lack of funds, Charles Kushner would not look for outsiders to share the cake.
After the main talk, Charles Kushner and Nan Yi talked about some more leisure time and took their son to other tables.
When the two sons started to get angry, Nan Yi took them back to Scarlett Manor first, leaving Scarlett to continue socializing here.
At breakfast the next day, Nanyi told Scarlett about Charles Kushner, and Scarlett said that he would let Scarlett fund people connect.
As long as the Global Plaza project is good enough and the returns are promising, Scarlett Fund can completely package this project into a guaranteed fund project, calculate a reasonable premium, and sell part of the project share to customers. Scarlett Fund can do it completely
A transaction that can be balanced from the beginning, or even profitable.
It seems that the operation is very simple and it is stable and profitable, but in fact, Scarlett Fund has to suppress its reputation and reputation, saying that it is necessary to guarantee its capital. If you lose money, you can take advantage of the customer's funds and cannot be lost.
Moreover, after the project is over, if the customer only gets a guaranteed capital, the customer will definitely not be happy and there is no need to think about absorbing their funds next time.
If a fund company wants to survive, it needs to maintain a purpose - to make large customers profitable, even if it swallows up individual customers.
There will never be a retail investor in a good thing like a guaranteed fund. If so, it means that the fund company is hungry and needs to overeat and can no longer maintain a delicious look.
...
On the last day of 1987, Luo Shenshen got off the car and walked towards an apartment building. He just pulled a big customer. He was very happy, humming a song in his mouth and holding a bunch of keys in his hand.
From time to time, he threw it into the air, waited for the key to fall freely and then threw it up again.
It has been less than five months since he came to New York, and his situation has changed drastically.
First of all, he is no longer an office assistant, but a fund sales manager, and no longer has to be assigned to all kinds of trivial tasks every day.
Secondly, after get off work, he went to a convenience store to buy something, and bought a lottery ticket on a whim. He won. Although the money was not much, he only had a mere $100,000. He also chose to receive a bonus in one go, and only got 30,000 yuan. More dollars.
But with this money, his living conditions were greatly improved, so he bought a second-hand Cadillac car and rented a good apartment.
As soon as he walked to the door of the apartment building, Luo Shenshen saw a woman Deng Lulu whom he met at a fellow countryman meeting a few days ago.
"Deng Lulu, why are you here?"
Deng Lulu opened her smile and said, "I'm here to celebrate New Year's Day. Don't you know that it's already New Year's Day in China at this time?"
"The face is clear, the facial features are three-dimensional, the mouth is not small, the standard European and American lips, the body has a muscle-like feeling, which is very consistent with the aesthetics of Westerners." Nan Yi sat in the car and talked about the woman he didn't know yet his name.
.
It has both Luo Qianqian’s relationship and has good reviews at Scarlett Fund. On the occasion of New Year’s Day in China, Nan Yi thought about coming to visit Luo Shenshen.
However, at present, it seems that there is no need for this.
I can celebrate New Year's Day with a big man, and I can't be happy with a woman. Even if this woman is not good-looking according to the aesthetics of Chinese people, it can even be described as ugly. But who told Luo Shenshen to be a very gender-locked person
What about the dead person.
"School Beauty, let's go."
To be continued...