Baosheng all recall Hainan property Bubble said 90% of the speculators did not survive

In July 1992, Baoquan, chairman of the group, came to Hainan for the first time and saw the loess, vegetation, and most importantly the sound of the piling machine in the air. He said, "Hainan is like a big site, immediately a look is very excited, this place has the opportunity, because I see a lot of very original state." "At that time, Hainan construction opened, many people have seen the development trajectory of Shenzhen, all feel that Hainan will be like Shenzhen, so, a lot of capital funds, including finance all the flood to Hainan." At that time in Hainan do like land, housing information speculation. It should be said that the first deals are speculative projects.　　"When it comes to speculation," says Baoquan, "It's like a" drum-pass "game," we see a lot of games like this. " At that time, Baoquan saw a lot of tens of millions of yuan or nearly billion of speculative business, he is very envious of others. Baoquan said: "Look at them speak the hype, a piece of paper, today from him to go out, and then turn back in two days, from 100,000 yuan a piece of paper, into 1,000,001 pieces of paper, I feel very strange." But, Baoquan, it is clear that one day the "drumming" game may stop somewhere. So he silently said, "Don't stop in my hand." "Baoquan said:" If I catch a single, I must get the following, if not done, I must not pick up, I must not let it stop here.　　"" "Drum pass Flowers", such a bubble growth way to accumulate wealth, often form a formula, let people feel that the future money or so earn.　　Baoquan's habit is that no matter what, no matter what project, in the evaluation, they give Baoquan said this will make a lot of money, but he is not listening to this, he will listen to the project is how much risk, the future may bring any trouble. Baoquan said: "Looking back today, about 90% of the speculators may not exist." A lot of real estate developers will be successful in Beijing, I believe they are the same as me, are in the experience of the market in Hainan has lagged behind, began to understand what is called the market, and then back to Beijing are more cautious, so, come to this relatively good market after easy to achieve some success. ”