Yesterday morning, I chatted with a blogger who came to Kuala Lumpur for an overseas trip, and helped him sort out his business model again. The most important thing was that Juzuo paid him proactively to meet with him.
It’s not that I’m eager to invest money, but this guy’s recent traffic data is very good, but his business model is lacking.
And I've experienced everything he's doing.
So I am willing to pay him and help him with optimization.
Maybe it’s because people who have been caught in the rain always want to hold an umbrella for others.
In the afternoon, we chartered a car to Malacca and returned at night.
Overall, the gap is huge.
My previous impression of Malacca was from the part about Zheng He's voyages to the West in history textbooks, and the importance of the Strait of Malacca mentioned in geography textbooks, so I decided to take a look at it specifically.
But after spending an afternoon touring Malacca, what impressed me most was not the Straits, not Nyonya, but the unfinished buildings.
Juzuo captured a very magical scene and would like to share it with you.
This place is the coastal part of Malacca, but the seaside is not filled with beautiful scenery, but rows of unfinished buildings.
On the right side of the camera is the very beautiful Malacca Mosque.
Is it magical?
On the left is a large area of unfinished buildings, in the middle is the sea, and on the right is a beautiful mosque.
Although there are still many ships in the Strait of Malacca in the distance, these have nothing to do with Malacca anymore, because the port business on which Malacca depends for its survival has basically been taken away by Singapore.
The driver told me that the Strait of Malacca is the Strait of Malacca and Malacca is Malacca.
The Strait of Malacca is still very important, but the city of Malacca has completely declined. It can't even be called a city, it can only be called a town.
So much so that what I took the most photos of here were not the scenery, but the unfinished buildings.
The pictures below are of the streets near the mosque. This entire area is sparsely populated, with only a few workers living here because the cost is low enough.
The Chinese characters for "For Rent" on the window were particularly eye-catching, and I couldn't help but take a picture of it.
The picture below should be a commercial complex, but it was left unfinished before it was completed. Ironically, this area is said to be called Gold Coast.
Later, when I was riding the sightseeing elevator, I couldn’t help but take a picture from a high place, even the top was not closed.
On the way to the Dutch Red House, Ju Zuo also recorded a video, you can take a look (see the official account of the same name).
I don’t know what you feel after seeing these scenes, but the first thing that came to my mind was a small county town in China.
A large number of unfinished buildings and vacant residential areas can be found not only in Malacca, but also in many county towns in China.
Malacca is only a 2.5-hour drive from Kuala Lumpur. After I experienced the hustle and bustle of Kuala Lumpur, I suddenly saw the desolate Malacca. The contrast was really too great.
Currently, there are only about 900,000 people living in Malacca, while the population of Kuala Lumpur is about 9 times that of Malacca.
Kuala Lumpur has become one of the busiest cities in Southeast Asia, while Malacca has disappeared from people's sight.
Back to today’s title, many people simply cannot tell the difference between what are assets and what are core assets.
Do you think a house in Malacca is an asset?
Not at all. No matter you buy the house for your own use or for investment, no matter you pay in full or in installments, it takes up your liquidity and continues to depreciate.
In the balance sheet, it is a liability and has nothing to do with assets.
So is real estate in Kuala Lumpur an asset?
Obviously yes. Currently, property prices in Kuala Lumpur are very stable, and the rental-to-sale ratio is conservatively estimated at 8%. In addition, with the new policy for the second home program about to be launched, there may even be another small wave of increases.
By the same token, is your house in a small city an asset or a liability?
You need to ask yourself this.
Back to our crypto circle, I wonder if when you look at the houses in Malacca, you will think of the junk coins that you are holding tightly in your hands and are reluctant to let go.
It occupies your liquidity and cannot bring you any income. It is not a mainstream currency and its trading depth is poor. However, you hold on to it tightly and are reluctant to throw it away, hoping that one day you will be able to rise up and make a beautiful comeback.
By comparing Kuala Lumpur and Malacca, you will find that what is important is not money, but people.
Wherever people go, there is money and liquidity is sufficient.
Wherever people leave, the money will certainly not be retained, and liquidity is bound to dry up.
When the small river has water, the big river is full; when the big river has no water, the small river dries up. This is what it means.
In the past upward cycle, low-quality assets could barely be called assets, but in the downward cycle when everything was tightening, many assets could only be treated as liabilities.
This is the case in Malacca, in small Chinese towns, and in the air coins in your hands.
So, how much real assets do you have?
