Hello, this is Mayor Min from New Zealand. How is everyone doing? Yes, it's a confusing time, a time of confusion. I'm not sure what will happen during this time of confusion. This is something I talked about a while ago. Then, who is saying this? So, what should we do? That's why we study, that's the reason we are studying. If you ask me how to explain it simply, that's why all economists have been studying what to do for decades. If you ask me, what should we do, I don't know what to say. Anyway, that's the biggest challenge right now. But do you know what it means when a restaurant that has 1,000 people going in and only 100 coming out? Incheon Outback.

At first, this was a bit ambiguous, but as I kept thinking, it was really funny. Yes, Incheon, Abaek, yes, indeed, this comedy has no end. Yes, it's endless. Yes, I will keep that in mind. Real estate news: the number of Wellington housing listings has doubled compared to the previous year. The median price of homes nationwide is maintaining stability as sales prices rise. According to the Housing Price Index of a real estate research institute in May, the market value of homes increased by 2.3% last month. However, the average national sales price will decrease from $780,000 to $770,000, a 1.3% drop from the same period last year. Nevertheless, in 16 regions, prices have increased, with one region in the west showing a 14% increase, leading at $405,000. Since it was undervalued there, there might be reasons for the rise. But why would it go up? In the west... there are no good reasons at all. I don't know. Anyway, it's a bit of a deal. What is this about? The number of transactions is a bit...

It could be because it's not there. For example, CEO Range Bernard said that total sales last month increased, reflecting inventory levels and new listings. Nationwide seasonally adjusted figures increased by 5.2%, slightly exceeding sales expectations compared to the previous year. This is a positive signal despite the current economic difficulties, according to Bernard. He said nationwide registrations increased by 25% compared to the previous year, with Wellington at 103%, Hastings at 34%, Marlborough at 33%, Auckland at 30%, and Tauranga at 30%, showing significant growth. Waikato was at 21%. Bernard stated that as new options continue to be released in the market and bulk inventory is added, it gives buyers a lot of choices and a sense of being able to invest in making decisions. In other words, as the number of buyers decreases and listings increase, the range of choices widens, leading to more competition.

It will start from the seller's side. So, some people may not sell anything, no matter what they sell or not, but those people don't sell well. Now, the problem is when the price drops, desperate people let it go, or when there's a mortgage sale, they say they will die. If a mortgage sale comes out, it's not original yet. The bank will give you some time. So, how about this? Sell it until now. Sell it. But people don't understand the situation well. Understanding the situation well, as Socrates said, know the subject. If you know the subject, how will you live? So, little by little, the price goes down. As time goes by, when you go to the bank later, they will treat you well. Banks, for people who don't know this, I've seen how the bank does it before. They are very strict. Yes, the bank is strict.

They think about individuals. So, people always say that accountants will take care of everything, and lawyers will take care of legal matters. Absolutely not. They almost got into big trouble. Accountants only handle accounting tasks. In between, only I know internally. But those who act like this, get close, accountants do that. Oh, sir, you shouldn't do it this way. At least do this much, it's not a problem. They can tell you, but they only suggest such things. Just that alone makes a very good accountant. Really, because if they make a mistake, they can be obsessed. Isn't this what we always do? Agree, sign at the end, we sit down and those people calculate whether it becomes an expense or not. These are the accountants. What do accountants... accounting fees... about $100,000 a year.

But that's not the case, so you shouldn't have high expectations. It's the same for lawyers. They are not personal lawyers. We can't just give accountants and lawyers $100,000 each annually. That's not it. You shouldn't have such high expectations. It's not like giving a few thousand dollars without a visa and expecting them to take full responsibility for your life. That's not it at all. The money you give is just for that moment. Even if you know all the lawyers in the market alleys, ultimately, I have to take responsibility as well. Lawyers don't speak well because they take responsibility, but they talk about things that could be a problem. That's what lawyers are for. You have to know everything. Anyway, that's why suddenly Wellington has increased by 103%. It's a big deal. That means there are a lot of issues coming up now. I don't understand. Auckland increased by 30%. It's reasonable, but a bit ambiguous. Anyway, Wellington suddenly increasing is quite significant.

It was quite incomprehensible information right now. What the news was saying, it must have been nonsense. For example, in the next news, the economist predicts that corporate profits may plummet sharply, signaling the beginning of an economic downturn. It seems like they went up and then just dropped suddenly. For instance, an economist mentioned that companies in New Zealand are experiencing much greater pain in profits than what the headline data suggests. The number of businesses operating in New Zealand has been steadily increasing over the past few months, even slightly rising. In April, it slightly exceeded 590,000, with about 20% engaged in rental and real estate services. However, independent economist Doug Sheville warns that stable numbers may conceal a sharp decline in profits that could impact companies, potentially leading to more suffering in the long run. He stated that this could mean more pain over the coming period. Oh, the companies are feeling that. If they lay off people.

People seem to be starting a business, in my opinion. It's not necessarily opening a shop that increases the number of business owners. It may be due to the criteria for business registration. So, you need to consider economic situations. Also, business transactions can happen. For example, he tracked the actual profits per enterprise, which were close to $245,000 in 2019, but dropped to less than $200,000 per enterprise. This was the lowest figure since 2017, and most of the decline occurred in the last two years. Now, if you don't invest money, it's done. For example, if you invest a lot of money, as I always say, during the coronavirus, when you invested money, you really shouldn't look at the actual income because you paid taxes. It didn't work for restaurants. My parents came, and the existing ones were rising.

Come every day and eat up the sales. That's the real sales day, right? That's not it. So, in a country metaphorically referred to as a parent country, what they've given us is to be used for profit, but instead, what are we doing with it? Buying real estate and such. As time goes by, it turns out that the increase in real estate value is not due to the healthy business activities of companies, but rather speculation in real estate using the money provided by the government. So, as stocks keep rising and are about to fall, they won't just drop. Right now, the money is flowing in the U.S., isn't it? It's not really relevant to us whether someone gets re-elected in the U.S., but the key point for us now is that interest rates are dropping in Europe. I don't know how this will turn out. Originally, when the U.S. moved, everyone followed suit, but now Europe is lowering interest rates. So, we need to take a look at this because I'm not sure.

I don't understand this at all. Even if I look into it, I still don't understand. I really don't know what will happen. The average annual bankruptcy rate for companies was the highest since 2013. The curve shows that the bankruptcy rate managed by the courts peaked at about 35 cases per month, similar to a month before and during the global financial crisis. Bankruptcy is a big deal. This current situation is highly unusual. Normally, when jobs decrease and real income is affected, profits tend to remain stable. However, this time, corporate profits are definitely plummeting. From an absolute perspective, we have not seen these various phenomena since the early 2000s. In many aspects, we are at the starting point of an economic recession. People used to ask, When is it coming? whenever I said it was coming. They would ask, When is it coming? It goes up and down the following month, right?

No, because everyone is trying to revive everything until the end. Some people don't look at the future and just invest in businesses. Some people think it's the bottom right now because they are worried about the rise in housing prices and invest. Some people sell their houses at that time just to try. There are various people, so even if the economy is in a recession, there are no people who just give up saying, Oh, I'm dead. They somehow persist until the end. But trying to escape, I think it's time to get out quickly. It's not too late even now. If you get out quickly, it's okay. However, there are still people investing now. What can you do? They should do what they think is right. But personally, based on my own thoughts, I'm saying that this could happen now. Yes, that's right. Anyway.

There is no good news, only bad news keeps coming out, so I can't say anything specific, but please, in any case, look ahead from your current position and please, don't just focus on next month or the month after that, but look at the bigger picture. Yes, please, so please consider investing in something that suits you, or if not, please tidy up your surroundings to fit yourself. Yes, it's okay to watch for a few months, or I don't know, there are still part-time jobs available for men, so yes, trying that out is not a bad idea. Recently, a subscriber of mine came and talked to me, saying that after making up his mind, whatever he says is right. But I didn't say his thoughts were wrong; I just stopped talking and left, so why are you getting up now?

He asked me, but what am I talking about? Even if you suffer a loss, it's okay. If you say that, then it's fine. Because I have nothing to say to people who are okay with losses. Everyone is doing business to make money. If you say it's okay to lose, it's like the end. So, I have to try again with that person. I might be able to make money again. Yes, it might be a small profit, but I can still make money. But those people, well, they might not listen anymore. They might think I'm talking too much. I used a lawyer and an accountant for the same store. I told someone I know about it, but when I mentioned it, they pushed back. The same store, but that person said not to use a lawyer or accountant. That's not good. But the next person had a reason. They said not to use a lawyer or accountant.

They don't even speak, so, but rather than talking about good lawyers and bad lawyers, these people are just doing their job. The first lawyer's gesture was just a little consideration from the customer's point of view. But that little thoughtfulness makes them a very good person, so what's good about it? Anyway, that's how it turned out. So, even if I look at one thing, there are various perspectives, so I know how to handle everything on my own. So, even though it's tough, there are still people investing. Yes, there are people who sell and do well. So, because there are various things, please organize your surroundings well and live your immigrant life wisely. Thank you for watching today's video, and I will continue to provide good information in the future. Thank you.

무슨일이?-웰링턴 주택 매물 두배나 늘었다!- 기업 이익 급락!

안녕하세요. 뉴질랜드 크라이스트처치로 2001년에 이민왔습니다.
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