Since the beginning of this year, when the real estate *** has made us miserable, India has taken the initiative to puncture the real estate bubble, and the means are extremely ruthless, giving us a model to see how they do it.
Real estate governance in India starts with Mumbai, which has the highest property prices. In 2010, housing prices in Mumbai had risen to 60,000 square meters, while in Beijing they were just over 20,000 square meters. We know that India's economy was not good at that time, such a ** undoubtedly has a high bubble, and only the rich can afford it. The rich have pushed up housing prices, and property speculation is quite frenzied, leading to a widening gap between the rich and the poor. So how did India bring down housing prices?
1. India has introduced a 12% property tax, which makes people who own multiple houses complain, so they have to ** the excess properties in their hands, and a large number of sell-offs have depressed housing prices.
2. India has promulgated a real estate amendment, canceled off-plan housing, and required developers to have seventy percent of their funds supervised by the first generation, which curbed the chaos of real estate construction from the source and reduced the new housing market to the freezing point.
3. India has issued a ban on the abolition of 500 rupees and 1000 rupees in circulation, and at the same time issued new 500 rupees and 2000 rupees banknotes, requiring all the people to exchange the old currency for the new currency, and all the old currency will be invalid after expiration, and the exchange of more than 250,000 rupees needs to prove that the property is reasonable, otherwise it will face a fine of more than 60% of the exchange amount. The precise attack is on the ill-gotten gains of corrupt ** and unscrupulous businessmen, even if they hide their money in their homes and through the walls, they can only be reduced to the fate of turning into waste paper.
These three moves are fast, accurate, and ruthless, and the snake hits seven inches, making the average house price in India ** by 41%, and the area with fierce house speculation has dropped by 78%. In comparison, we are still a gentle drizzle, if we also use such a three-board axe, think about the consequences, it must be quite exciting, there is no house price that cannot be dried, and of course there will not be so many unfinished things.
India's welfare policy in education is also applauded, and the free education system basically covers all areas from kindergarten to university. In India, all school-age children are required to attend compulsory school, with no money and even free lunches in schools. High-quality aristocratic schools require a certain proportion of poor students, so that the poor also have the opportunity to produce noble children. In 2019, India announced a national vision education goal, one of which is that the tuition fee of public universities will not be ** for 50 years, that is, the tuition fee for one year is only 185 rupees, about 34 yuan, and rounding is about equal to no fee. It costs only 1,000 rupees for a college year for a university student. At the same time, 100% of students from poor families receive scholarships. Where does the money for education in India come from, it is snatched from the rich in real estate.
India is a large country with a large population like us, they have invested heavily in education, a tolerant educational environment, and have cultivated a lot of talents, and the Indian Institute of Technology is even better than the Massachusetts Institute of Technology. Many CEOs of Silicon Valley companies in the United States are Indians, and a considerable number of the core technical personnel of those Internet giants come from Indian Polytechnic engineering. There are already nine Nobel laureates in India.
India is no longer the acrobatic Ah San with a train full of trains in our impression, they attach importance to education, are in the demographic dividend period, and have the support of the United States. India's GDP in 2023 is already ranked 5th with 7The 1% result once again achieved the lead, becoming a bright presence among the big countries. Under the boosting effect of the "de-sinicization of the ** chain" implemented by the West, the Indian manufacturing industry rose by 139%。
India is a populous country that must be taken seriously.