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[5352] High prices have made real estate shares lost inve...
お名前: defg1040 [li380-81.members.linode.com] http://www.mertonaran.com/wordpress/wp-content/themes/chanel-baggu-outlet-15012.html 2015/3/7/(Sat) 04:51
high housing prices is the forever pain in the hearts of the party, for investors, stocks to listen to the party, real estate stocks is a tiger's ass can not be touched.

estate why not buy,<a href="http://www.laramiecountyrepublicanparty.com/events/mcm-japan-t-57.html">MCM 店舗</a> http://www.laramiecountyrepublicanparty.com/events/mcm-japan-t-57.html?

the first reason, is the premium increases too fast.
most investors are aware of the iron and steel stocks can not buy, the important reason is that iron ore prices too fast. But you know, there is a industrial prices worse than iron ore?
this is the real estate industry upstream industry, land auction industry.
10 years ago, in 2000, the sales income of 59600000000 yuan.
10 years later, in 2010, the sales income of 2711100000000 yuan. An increase of 45.52 times.
what rise, can pass more than premium growth?

so, not the first reason to buy real estate shares is the price rise too quickly.

second reasons, real estate enterprise debt rate is too high.
estate profiteering? It is also, that it is not, nor.
from wool interest rate, real estate enterprises point is not high, Vanke as a leader, in 2010 2008 29%, only 22%. It can be said that very low. You know, the liquor business and industry gross margin as high as 80%.
but the estate and is really huge, real estate profits comes from the high liabilities, high financial leverage. High debt ratio for the real estate enterprise risk resisting ability is very poor.
in all industries, real estate is the most easy to bankrupt enterprises.

from a long-term investor's point of view,
now don't buy real estate, not to buy real estate, never buy estate.

you may feel now real estate shares high profits, good performance, this is an illusion.
now the real estate profits really can, this is because land prices rising rapidly rising prices, for example, I spent 1000000000 yuan to buy a piece of land, after only a year, land prices are rising, the value of 2000000000. The natural growth of the profit.
however, estate company profit is only on paper wealth. After the money, how to do? Buy land! If you do not want to withdraw from the real estate market, no matter how high the price, must buy. When the buy land, real estate companies found. Hard busy so long, money Jingran even the same piece of land can not buy back. This is also the inevitable. Just because your premium. Estate company profits, more than half of all by the government in the form of taxes away, leaving the company, is not so much. In the case of soaring land prices, real estate companies face more dangerous and more small.
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cherish life away from the property of
estate long line investment value analysis
[5351] カクテル&;ジュースサイダー&;スポーツドリン...
お名前: hijk1468 [li380-81.members.linode.com] http://www.salondeguitare.com/Guitar_Classical/C159/tory-burch-outlet-18.html 2015/3/7/(Sat) 03:59
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[5350] Murong Xuecun vs King's Knoll eyes famous Sina blo...
お名前: ghij2856 [li380-81.members.linode.com] http://www.mertonaran.com/wordpress/wp-content/themes/chanel-baggu-outlet-48010.html 2015/3/7/(Sat) 03:59
Qia network started the "meat friend"

as one of the earliest a batch of Internet users, they soak in the different "jar", called different names, from strangers to each run, dinner inside and outside, in the course of contacts, because one of them doesn't drink and became "a mercenary friend" not "meat friend". Wang Xiaoshan: I use the Internet in 1996, in the online writing should be in 1997. Started writing, name call. Then change the name to play jokes on people, start a lot of names.
Murong Xuecun: you called everyone happy, black killer, Greenland, snow snow. Wang Xiaoshan: and umbrella monk. Then suddenly one day with IT bound to joke, in Sina IT forum, I wrote an article "the Internet in 1999 ten farce", the popular event one one combs, by the name of Wang Xiaoshan. This article was reprinted a few newspaper, the other a call to ask Wang Xiaoshan? I become the king's knoll. Murong Xuecun: I is the earliest in the global forum of Tencent, I was a typical literary youth, has a job, write something. Dream of. Always feel that if a piece of bean curd piece published in the newspaper, life will never be the same. At that time contributed several draft, a rejection,<a href="http://www.fancytransport.com/Images/moncler-men-outlet-22.html">モンクレール アウトレット</a> http://www.fancytransport.com/Images/moncler-men-outlet-22.html, has hired. Until there is a heaven made the front page under the banyan recommendation. That's me in the "Chengdu tonight please >



a small eyes, a big eyes; a drink, a drink; Murong Xuecun and King's Knoll encounter always avoid bickering, managed and run on each other.

they are China Internet era of the earliest Internet users, Murong Xuecun last name is not Murong, Wang Xiaoshan did not call Wang Xiaoshan, because the fame in the network, name became a river walk the tuba. In today's network work more and more, Internet fame has become more and more difficult times, the network is not the most important thing is they

living space, but they still have a lot of things can go through,

like together launched the "crusade" Baidu writer activist, together to talk about the network writing environment nowadays,<a href="http://www.salondeguitare.com/Guitar_Classical/C159/tory-burch-outlet-18.html">トリーバーチ 店舗</a> http://www.salondeguitare.com/Guitar_Classical/C159/tory-burch-outlet-18.html, even live in Beijing, to discuss Beijing, talking to each other.
[5349] #美食感謝期#自制ミルク味# # # # # #花孫朱朱新浪の...
お名前: mnop7781 [li380-81.members.linode.com] http://www.airbagsystems.com/images/Shop_online/hermes-bags-t-10012.html 2015/3/7/(Sat) 03:59
以前的麻花很少有人会在家里自制,原因就是怕?油,要知道那个?侯供?的那点食用油省着点也就?平?炒菜用,当然?需要再省着点?到年底,?年前用来炸年?,再?省的人家都要炸年?的,不然就不像?年,也会被?居笑?的,我?我?也是如此,只有?年的?候会炸丸子、油?,<a href="http://www.aignerconstruction.com/images/_vti_log/gekiyasu-shop-t-66.html">アウトドアショップ</a> http://www.aignerconstruction.com/images/_vti_log/gekiyasu-shop-t-66.html,有一年,因?我??吃,我?和我?也学着炸麻花,但是也不知道配方,<a href="http://www.silvaspastry.com/images/_vti_log/coach-baggu-pop-outlet-29.html">コーチ アウトレット</a> http://www.silvaspastry.com/images/_vti_log/coach-baggu-pop-outlet-29.html,就是按照自己的想法用炸油?的面?做成麻花的形状炸一下,没想到下油?后麻花不但散了形状,而且炸好后根本不是外面?的那?的口感,稍微一凉就咬不?了,最后我?想了个?法,都在正月里用来做麻花?了,麻花被?着蔬菜和滋味的?汁泡?后非常的好吃,??是面条和??不能比的,后来我?再也没自己炸?麻花,都是去食品店??成的,因??来的麻花外酥里?也就>



の小さい時にツイストとパンお菓子のように私たちにとっては贅沢品がよく見られるが、よく食べない、今の子供を連れてハイキングには各種の小さい食品、もし約束ショッピングはレストランやファーストフード店で食事をして、開運動61の時よりはおいしい離さないで、その時は今のこれらの待遇、はっきり覚えているのはに帯をツイストやパン、卵を煮てあるいは塩卵は美しく発泡した、飲み物も考えなかったのは、そんなアルミ製の小さいポット装満湯冷ましを背負って、食べながら飲みながら、油?カリカリのツイスト本当に美味しかった!










私たちのために楽しくて、私のお母さんはこの時にいつも我々を満たすだけでなく、私たちにいくつかの落ちない人に後のおいしいのは、また一人にいくつの角、私たちはもっと食べ何本は子どもたちが嫉妬心でいっぱいのクリームアイスキャンデー、小さい頃からおいしいものが少ない、そんなにいくつかのような、成長した後に私はまだはっきり覚えているのは、後に条件はよくなって、おいしいものは多くて、パンかりんとうすでに最も普通の食べ物を食べることが好きで、しかし私はやはりとても以前のあの懐かしの性質の古い食品、特にツイストより私は好き、好きな程度遠くよりパン、可能性は今のパンと小さい時の味が全く違う、ツイストもあるが変わるが、基本の味や形は変わらない?










































当時ツイストはお店や食品の店で売っているだけではなくても、お金がたり、当時食糧供給お金も緊張して、大多数の人はよくこの思わず買って食べ物なので、すべての持参おいしいの活動に参加する時、持ってツイストパン卵などの子供が特においしい得意、食事の時にはより帯饅頭、??、漬物の子供の声が高く、笑いのほうが好きなので、小さい時の欲望は非常に低く、満たしやすくて、幸福指数が高い?
[5348] Sino US South Korean actress   other large PK...
お名前: pqrs3864 [li380-81.members.linode.com] http://www.mertonaran.com/wordpress/wp-content/themes/chanel-baggu-outlet-5010.html 2015/3/7/(Sat) 03:58
fashion darling international supermodel Liu Wen a divided Bohemia micro volumes of black hair, put a single eyelids and deep dimple she sets off to casual and fashionable, simple beautiful, beautiful is very simple.



[this issue]















































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is a new generation of the goddess Angelababy in recent years the cause of be on the upgrade,<a href="http://bsteinacker.com/galleries/adidas-shoes-outlet-10015.html">アディダスショップ</a> http://bsteinacker.com/galleries/adidas-shoes-outlet-10015.html, the modelling changeable she loved micro volume long hair. Perfect face with slightly curly hair romantic Baby appear mature, charming, but not loss of youth, lovely,<a href="http://www.salondeguitare.com/Guitar_Classical/C159/tory-burch-outlet-21.html">トリーバーチ 店舗</a> http://www.salondeguitare.com/Guitar_Classical/C159/tory-burch-outlet-21.html, is worthy of the title of many boys in the eyes of the goddess.










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[5347] 試用団:外パイに嫩食感一流の無油版揚げ団子オタク道...
お名前: nopq4186 [li380-81.members.linode.com] http://www.beasport.com/champions/class2a1a/miumiu-bags-outlet-30.html 2015/3/7/(Sat) 03:58
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[5346] Family just when you are a transfer station family...
お名前: tuvw5182 [li380-81.members.linode.com] http://www.camaroclubkc.com/images/_vti_log/bottega-veneta-sayihu-t-8013.html 2015/3/7/(Sat) 03:58
The word





The so-called






"Prodigal Son" is always better than "slut" sounds decent too much, men more like relative woman or wandering, and was regarded as normal. In other words, if the emotional needs of an ending words -- as travel needs a destination, if it is set to the terminal station, women always want to fly to, men are more willing to finish before wandering beautiful rivers and mountains of a country.






/ Zhuang Yating








this is not a tragedy, to know now transfer station sometimes than terminal also magnificent, and offer you the countless end stations may be. Say this not nutrition, because one day have a girlfriend asked me: love failure,<a href="http://www.merced-ac.com/fireonice/_vti_log/Louis-Vuitton-outlet-25023.html">ルイヴィトン アウトレット</a> http://www.merced-ac.com/fireonice/_vti_log/Louis-Vuitton-outlet-25023.html, filled with pain, when someone is willing to lend a shoulder for me to rely on, I want to rely on him? Although he didn't mind doing the transfer station or springboard, but I feel sorry for the previous sorry oneself do not want more of him after I'm sorry. The moral sense is everything, tell her not: you need a springboard to boldly go by. But in terms of experience, countless men and women, no longer have to experience a brief not Kaopu love, then finds love again.



say this, because I have seen too much less reliable traveler. For example, a man and his girlfriend living together for five years, lived and most couples the same life, also have a common network and life management, but often referred to marriage, men still it outright. But many girlfriends, but always had just experienced a three date, on a bed, began to consider and the man Is it right? Married, and married to wear what dress, please what guests. So, things are always here, do you think I am your station, and I just take you as a transfer station.






"not after the transfer station, how to get to the terminal station", this sentence often bring kaixie those unreliable relationship or adultery. Sometimes know this person is not the final choice, but a node is in the life must experience. Because of the feelings of the attitude is to learn, in the relationship is not Kaopu, can also learn to treat love way. Moreover, the so-called relationship is not suitable for sometimes come from self limiting, could find that change >



the life of a person who hasn't done who springboard or transfer station? And the point will think, you can not take each other to cure below hilum three inches of injury, so as not to damage the good; but to the contrary, if the love that person, and see him who,<a href="http://www.puda-international.com/web-xby/news/new-balance-outlet-19.html">ニューバランス アウトレット</a> http://www.puda-international.com/web-xby/news/new-balance-outlet-19.html, even know he took you do change, I'm afraid is willing to offer a caring. Moreover, this may be the only time in your lifetime opportunity and he intersection, seeking a have sometimes felt more than ever high. If the transfer station is a man, he doesn't mind, because he does not know his where the end; if the springboard is a female, in time with the man will not regardless of whether the dew of love, more of a selfish, think that as long as together naturally in love. So, and deduce how much blood story. The main story line is -- to the terminal station of the passengers were not allowed to get off the press in the transfer station......



is not suitable for relationship sometimes comes from self limiting, could find the transfer station, really also good, the end point is not necessarily successful.
[5345] Germany Speyer Technology Museum vintage car -- tr...
お名前: cdef4631 [li380-81.members.linode.com] http://www.adhunikgroup.com/media/images/monclerjackets-1410.html 2015/3/7/(Sat) 03:23
this is the Mercedes Benz a 1915 production of 4 cylinder cars, exhaust volume 3560ccm.



this is a 1909 Renault production DOPPELPHAETON car, equipped with four cylinder engine, the exhaust volume 4398ccm





















this is a 1936 production of the Mercedes Benz 260D, uses a four cylinder engine.





















the first to have a look of various car museum.



this is a 1956 production of BMW503 cabriolet, equipped with 8 cylinder engine,<a href="http://www.salondeguitare.com/Guitar_Classical/C149/asicsrunshoesjp-1329.html">アシックス アウトレット</a> http://www.salondeguitare.com/Guitar_Classical/C149/asicsrunshoesjp-1329.html, the exhaust volume 3168ccm.















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this is a production in 1924 6 cylinder Mercedes Benz 400K.
[5344] Why America imp not afraid of Halloween ghosts a ?...
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forgot the time to play, and always accompanied by



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[5343] 中国は坦桑の「ラ菲グラム」-鉄道伝承の世代の協力秦?...
お名前: mnop2013 [li380-81.members.linode.com] http://www.salondeguitare.com/Guitar_Classical/C149/asicsrunshoesjp-1319.html 2015/3/7/(Sat) 03:23
タンザニアは中国の援助は最大の国は多くの基礎施設のほかに、病院の学校体育施設.今回、随行した大企業が香港を含む四大中国企業の一つ:招商局グループ.彼らは投資の建設にインド洋の大港巴加莫?港から、輸出用ザンビアやルワンダの銅、コーヒーなど.既存の達レイスサラムポートする能力が有限なため、新たな港灣開発しなければならない、という30億ドルの投資.国?行と農業銀行はポートの融資,<a href="http://www.oralhealthproducts.com/_weblogs/sunglassesjapan-2420.html">レイバン サングラス</a> http://www.oralhealthproducts.com/_weblogs/sunglassesjapan-2420.html.また、ニュースが中国の軍事企業の中国生産論議の戦車のアップデートこと.


p>習近平氏は<に到着しタンザニアダルエスサラームは、公式会見のほか、彼は中国の援助の尼雷?(タンザニアが独立した後に初代大統領)国際会議センター講演し、全面的には詳しく述べて非関係の未来の発展に対して、中国アフリカの援助はどれらの方面を深くと強化.



















タンザニアは東部アフリカの国.はタンゲニーケ(大?)とザンジバル(諸島)からなる.だからとタンザニア連合共和国,<a href="http://www.penangplace.com/images/banner/furlabags-3708.html">フルラ バッグ</a> http://www.penangplace.com/images/banner/furlabags-3708.html.坦桑元はドイツ植民地は、後にイギリス植民地、年代独立.タンザニア最も壮観な景色を見ることができキリマンジャロはアフリカ最高峰、山頂の雪で神秘的で壮美.毎年何百万頭のヌーの大移動、」







この演説


タンザニアは私の記事について以来最も知っての国、そしてザンビア、ナイジェリア、アルジェリアなど、どうせ子供のころの最も熟知する国家で、60、70年代、祖父祖父のこのいくつの国家を大使.





は中国で西洋をアフリカ実行新植民地主義、略奪アフリカ資源の正式で反撃して、しかしで柔らかい的表現、本当に、実、親、誠が、ボスの意図は言わずもがなで引用一段私は外交部の副部長を担当アフリカ??のインタビュー:談新植民地主義ははニュースではなく、しかし西方の国はいつもしつこくてきりがない.彼らは自分のやり老植民地主義それでは長年、まだよく反省と、清算から新植民地主義.新植民地主義は何も言えない、新植民地主義な略奪資源.私たちとアフリカ国確かに協力の中で、経済貿易協力は、いくつかのエネルギーの方面の内容が、彼らのように彼らは私たちよりも多い.買っアフリカ石油最多は私たちは西方の国.しかし誰もが知っている、私たちは国際発言権.私たちは確かにいくつかの問題が、開発に伴う出会うの.これらの外に出た人や企業も、どんな状況でもある.ある国営民営がさまざまな個体も、経験不足は、認識不足、少し癖.次は以上は開発中の問題については、我々は問題があるからは発展して、さらに発展協力、合作の過程の中で徐々にこれらの問題を解決する.しかしこれらの問題は枝葉の問題や副次的な問題).


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