Evergrande has caused harm to many people, and many families have been destroyed because of it. Are you one of them?
As the old saying goes, "Thirty years east of the river, thirty years west." Back then, Evergrande was truly in its heyday within the real estate industry, like a rising star with great momentum.
At that time, housing prices were skyrocketing, and everyone seemed bewitched, believing that buying a house was a surefire investment, a direct route to a happy life.
Evergrande took advantage of this fervor, expanding aggressively by building properties and engaging in financial management, creating a bustling scene that made it the industry's benchmark and a trusted brand for people to rely on.
Who could have predicted that in the blink of an eye, the situation would take a drastic turn for the worse? Evergrande suddenly found itself mired in difficulties, teetering on the brink. This caught everyone off guard, especially those who had high hopes for the company, now finding themselves caught off-guard.
What exactly happened? How are the ordinary people caught up in this storm supposed to carry on with their lives? Has all the previous prosperity really dissipated like passing clouds?
Evergrande's problems have truly had a domino effect, with the most unfortunate being the innocent civilians.
Let's start with the homebuyers, most of whom are ordinary workers, working tirelessly day and night, hoping to own a home in the city.
To buy an Evergrande property, some people spent every penny they had saved over the years, shamelessly borrowing from relatives and friends, finally scraping together enough for a down payment. They were thrilled, eagerly awaiting the day of delivery, envisioning a future filled with happiness in their new home.
But who could have foreseen the current situation? Construction sites have stalled, overrun with weeds, leaving properties unfinished, yet mortgage payments continue to arrive like clockwork, demanding attention.
Take Old Zhang as an example, a couple working tirelessly in a factory, their calluses so thick they could cut paper. They managed to save enough to buy a house from Evergrande, hoping to provide a better living environment for their child. But now, with their child nearing college age, they still live in a rented shabby room.
Every time Old Zhang passes by the abandoned construction site, his heart feels as if pierced by thousands of needles, an indescribable pain. Families like Old Zhang's are all around us, their hopes mercilessly crushed by Evergrande.
Investors in Evergrande Wealth haven't fared any better. Many were lured by Evergrande's reputation and promises of high returns, investing their life savings. Especially Evergrande employees, who had complete trust in the company, thinking it was a generous benefit, only to find it was a bottomless pit.
For instance, Xiao Li invested all the money he had set aside for marriage into Evergrande Wealth, even involving his parents' retirement funds, hoping to make a fortune and secure a worry-free future. What's the result? He's lost everything.
The complaints from relatives and friends are like machine-gun fire, "tut-tut-tut" pelting him, but what can he do? He also has his own grievances, originally wanting to help everyone get rich, only to fall into this unfortunate trap.
This financial collapse not only wiped out people's savings but also shattered the trust between individuals, turning once warm relationships cold and riddled with cracks.
Looking at the absurd "Hengfangtong Task" within Evergrande, employees were forced to buy houses to meet targets. This is absurd! Buying a house should be about living more comfortably, but now it's become a burden at work.
Xiao Wang and several colleagues pooled their money to buy an apartment, but now they can't even move in, and they're losing sleep every month worrying about the mortgage. They're like ducks roasting on a spit, unable to escape, truly trapped.
This is no normal corporate practice; it's a farce that's not even funny, with the employees being the most innocent victims.
The reason Evergrande encountered such significant issues boils down to the company's own greed and blind expansion, focusing solely on money while completely disregarding risk.
When the real estate market was booming, Evergrande was like a headless fly, recklessly acquiring land, constructing buildings, and investing without considering market saturation or the sustainability of its capital chain.
That high leverage was like a ticking time bomb, exploding at the slightest market fluctuation, leaving everyone disoriented.
And where were the regulators in this process? They were like a gatekeeper asleep at their post, failing to maintain oversight, allowing Evergrande to run wild until it was completely out of control.
This incident requires both the enterprise and regulatory authorities to seriously reflect. They cannot focus only on immediate benefits but must look further ahead and consider potential hidden risks.
Although the Evergrande crisis weighs heavily on people's hearts, filled with bitterness, it can also be seen as an opportunity for transformation.
How many people have been harmed by Evergrande? Are you among them?