37 Housing
"Okay, I see. Lin Yilong replied vaguely on the phone, "Dad, what are you going to do next for your life after retirement?"
Lin Yilong's father is about to retire with a division level and is about to come to Wales to reunite with Lin Yilong.
It's not a gospel, it increases the tension of Lin Yilong's schedule for no reason.
He needs to help his dad pack up, move his household registration, and sell his house.
If you don't count the Bracken Forest Farm, the Riverside Street apartment, and the foreign apartment that Lin's mother has now bought due to job changes, there are a total of five houses under the Lin family's various items, first of all, a three-bedroom family area house that Lin's father was assigned when he was teaching at school; a two-bedroom house that Lin's mother obtained in the last batch of housing reforms; a three-bedroom house purchased by Lin Yilong in the name of Lin Yilong with the provident fund in 07 years after the couple's housing reform; as the only seedling of the Lin family, Lin Yilong's grandparents bequeathed their only two-bedroom house to Lin Yilong; in addition, there is a three-bedroom house bequeathed by Lin Yilong's grandfather to Lin's motherγ
The Lin family's housing conditions are still very spacious, but with so many empty houses, it is not always a solution.
So, he suggested selling all the houses except those left to him by his grandparents, but this suggestion was dismissed by Father Lin, who actually controlled the house.
There is a reason for this, of course Lin Yilong hopes that his parents can live in the forest farm for a long time, since there is no need to stay in the house in his hometown, the only house that stays with his grandparents can allow Lin's father and mother to have a place to settle down and settle their household registration even if they return to China, although Lin Yilong's mother does not like it.
Because Mother Lin didn't like to live there, the plan to let her parents stay in Wales could move forward logically.
Lin Yilong stayed in Britain for less than a week, and after arranging the next step, he returned to the embrace of the motherland.
He traveled to Xiangjiang with Ray, who had finished interviewing with Alex and Nils, and returned to his hometown after two roundflights.
Housing prices are rising very fast, and Lin's father and Lin mother mean to wait for another two years for housing prices to rise again and then get rid of them. Lin Yilong expressed his opposition to this, assuring them that after going to London, there will be a new investment channel that is no less than housing.
"What kind of channel is that?" asked Lin Mu. "Can you elaborate on that?"
"My partner and I are planning to invest in a high-end apartment in the London property market, the Collins Hotel," Lin began to explain the location of the Corinthian Hotel Apartments, "on the banks of the Thames, with a 'river view' of the Thames from the window. Right outside Westminster Place, near 10 Downing Street, Whitehall, and the Houses of Parliament, the Collins Hotel has built a 12-unit serviced apartment, each priced between Β£8 million and Β£9.5 million, and we invested about Β£32.5 million through a mortgage, with the Collins Hotel lending us the land first and collecting the premium five years later. β
"We are more familiar with the country and have no experience investing abroad. Father Lin interjected, "We have to move over, and we have to be restrained by you in all aspects, so I don't want to." β
"How can you say that I am restricted, although my father is retired, but he is not old, your contact in China is not particularly necessary, and with my father's pension, you can go to Wales to live a rich and surplus life, even if you don't go, our house is too much now, and the monthly rent income can catch up with half of my father's retirement salary?" Lin Yilong asked rhetorically. Lin Yilong's father retired according to the treatment of professors and directors, and even if they rented out all the houses they lived in, they could not reach half of the various subsidies of Lin's father's retirement salary.
"Then I also feel that it is more reliable in China. β
"Where did I go to become an investor, not to flip houses. Lin Yilong further lured his father into the set, "In short, I feel that this project is good, and the rate of return on funds is not low." β
The location of the Corinth Hotel Apartments, the specifications of the residence determine the direction of marketing to buyers, either the Middle East tycoon or the local tycoon on the other side of the pond, the annual apartment maintenance fee is about 80,000 pounds to 110,000 pounds, if the annual income is less than 1 million pounds, it is impossible to maintain a mansion without a courtyard. As for the mainland tycoons who have begun to expand outward, the urban courtyards of Chelsea and Kensington are more suitable for them.
"What about the rate of return on funds?" Mother Lin believed in Lin Yilong's intuition, and she needed Lin Yilong to further explain the project he was selling to them.
"It's about 60% for three years, before taxes. Lin Yilong gave an approximate figure, which was calculated by the rate of increase of similar apartments in London. In London, where the property market is soaring at 1.2 per cent every month, the price of building materials and labour is falling, and 60 per cent is a conservative figure if pricing strategies are included. β
"Give me a price, how much do you need us to pay?"
"About Β£700,000. Lin Yilong quoted his own price, which happened to be the income of the Lin family from selling all the houses in China, "My parents can account for a quarter of the investment, and my investors can account for the other three-quarters." β
Seeing that Mother Lin, who had always dominated the family, became interested in foreign life and intervened, Father Lin was silent on the side, and his lips squirmed several times, as if he wanted to say something, as if there was something unspeakable.
"This money can be given to you. Mother Lin thought carefully for a while, looked at her son with doting eyes, glanced at Father Lin, who had lost the right to speak due to her own involvement, and made up her mind, "Except for the house in your name, everything else will be sold." You keep the house in your name and move our household registration over there. β
Father Lin's temper couldn't be so peaceful. But on such an important occasion related to the future of the family, he didn't say a word, like a defeated racehorse, avoiding Lin Mu's fierce eyes.
This is definitely problematic.
"What's wrong?" Lin Yilong asked, looking at his father.
"Don't ask. Mother Lin squinted her eyes and threatened her husband, "Then you rent out that house, as long as you sell the house, we will leave." β
"Have your parents really decided?" Lin Yilong asked, compared to Father Lin, Mother Lin has been abroad for a period of time, and it is easier to adapt to the living environment abroad, or it is easier to adapt to the more lonely environment, "Then we are now placing an order, I can borrow a sum of money to invest first, and wait for the house to be sold." β
"You go for it, it's about the same in a month. Mother Lin gave Lin Yilong a shot of heart booster, "Let's go together in a month, I don't want to stay here anymore." β