Jia Lei couldn't help frowning when he heard the conversation between the two, he felt that Captain Lin was good, and he should remind him.

"You say that you are helping your fellow villagers to make investments, and you have a good heart! But what you are doing is illegal fundraising, right? This is not good, this is a crime. You better don't keep doing it, or something will happen. Jia Lei heard a sentence suddenly popping up here, this Captain Lin is a good person, Jia Lei wanted to remind him.

"What do you know about your children, I'm doing a good deed, how can it be regarded as breaking the law! This money was handed over to me by someone from the county government, who dares to say that the county government is illegally raising funds!" Lin Jie said disapprovingly.

"Jia Lei, you don't know, our county is too poor, and it has always been a national-level poor county! This time, Captain Lin can help everyone make money, but he has done a great thing for the people in his hometown, and the villagers will thank him. Luo Nan hurriedly explained to Jia Lei.

"It's because your hometown is so poor that I don't think he should come to the island to speculate on land! Speculation on land is as dangerous as stock speculation, haven't you seen what happened to the little Jew in the first place? Luo Nan, you still listen to my advice, let you, a fellow countryman, stop speculating on the island. Otherwise, the consequences will be unimaginable!" Jia Lei said with a frown.

"Of course, stocks and things are all false, and they will lose money, but houses and land are real things, so how can they lose money! Now the governments of various localities are doing this, and I am not the only one who is using the government's money to speculate in real estate, so what should I be afraid of? I should not talk to you as a child, because you don't understand these things anyway. Luo Nan, my friend is still waiting for me over there, I'll leave first, let's talk next time when we have time. Lin Jie stood up after speaking.

"There are many people on the island, there are few land, and the land is not worth much, if you really think about the people in your hometown, it is better to go to the vicinity of the capital to buy a piece of land!" Jia Lei couldn't help but remind her at the end.

"There is too little land in the capital to be speculated, how can I earn two or three times as much a year! I promised the villagers to help them double their money this year, you little master only knows how to enjoy, how can you understand business matters, you still don't worry about me." Lin Jie finished speaking and left.

In the summer of 1993, the island's real estate bubble reached its climax, and at this time, financial institutions and units in almost all provinces and cities in the country sent people to the island to speculate in real estate.

For a time, the island's real estate market was as colorful as fireworks......

****

"Jia Lei, it will take a while for our house to be renovated, why don't we take advantage of this free time to make a fuss?" Ah Fei encouraged Jia Lei to say.

"You are prying me to speculate every day, do you want me to take the capital?" Jia Lei asked.

"I'm not telling you that this is not to borrow money from you, I just think that this money is too easy to earn now, and it would be a waste if we didn't earn it!" Ah Fei hurriedly said.

"But if you don't borrow money from me, what capital do you use to speculate in real estate?" Jia Lei asked puzzled.

"I can borrow money from the bank, how easy it is!" Ah Fei said.

"Just how much money can you borrow from the bank?" said Jia Lei in disbelief.

"Stains! You are underestimating me, believe it or not, I will call the bank at random now, and the loan will be sent to my door immediately. Ah Fei said proudly.

"Don't believe it!" Jia Lei shook his head and said.

"You wait, I'll call!" Ah Fei picked up the phone and called the bank.

"Hey, is it Director Gu? I'm Ah Fei, are you busy now? I have something I want to discuss with you?" Ah Fei said affectionately.

"It turned out to be Mr. Fei of Wuxin Building, I'm not busy, can you tell me if there's anything?" Director Gu replied enthusiastically.

"I don't have a big deal, it's just the loan we talked about last time. Ah Fei said.

"Loan, didn't you say you wouldn't take out a loan?" asked Director Gu.

"You also know that I have been busy with the decoration of Wuxin Building for a while, and the recent renovation is about to be completed, and I also have time to do something else. So I want to borrow money from you to go out and speculate on a house and earn some pocket money. Ah Fei said with a smile.

"There's no problem with the loan, it's on me!I don't know how much you want to borrow, Mr. Fei?" Director Gu asked enthusiastically.

"You can give me 20 million! I can't get any more collateral. Ah Fei thought about it and said.

"Oh Mr. Fei, look at what you said! Our bank is just a formality to ask for collateral, and a building as big as your five-star building is standing there, is it possible that you can still run." Director Gu said with a smile.

"Okay, that's it, I'll go to your bank and sign the contract later." Ah Fei nodded and said.

"Mr. Fei, you are so busy, how can we let you run it yourself. Well, I'll go to you with my contract before I get off work. Director Gu looked at the watch in his hand and said.

"Nacheng, I'm in the office of Wanghai Tower now, come here. After the contract is signed, let's just go downstairs for a drink and listen to music. Ah Fei said with a smile, and then the two hung up the phone after a few more greetings.

"You just said these two sentences, and 20 million will be in hand? Will the bank actually send it to you? This is too!" Jia Lei asked in disbelief.

"What's unrealistic? There are hundreds of local banks crowded on the island, but there are not many people who really have the strength to ensure repayment! Although those princes have a way, they are playing the trick of empty gloves and white wolves, and in fact, banks are not very willing to lend to such people.

Like me, who has both contacts and such a large shopping mall standing there, after borrowing money from their bank, he will definitely be able to repay it with principal and interest, and banks like me are rushing to ask for high-quality customers. Director Gu may be afraid that I will find another company for a loan, so of course he has to take the initiative to send me the money!" Ah Fei said proudly.

"You cow!" Jia Lei gave him a thumbs up.

Since Ah Fei borrowed the money by his own ability, Jia Lei had no reason to stop him from flipping houses.

Director Gu, their bank still attaches great importance to Ah Fei, a big customer, and he sent the check in less than half an hour.

"Mr. Fei, can you see if there is a problem with this contract?" Director Gu said enthusiastically.

"What is our relationship, how can there be a problem with the contract you made? I'll sign it!" Ah Fei just stared at the check without looking at the contract, picked up the pen and wanted to sign.

"Wait, let me take a look first!" Jia Lei stopped Ah Fei and said, then he picked up the contract and read it carefully.

"There is basically no problem with this contract! It's just that Wuxin Building is mine, and Ah Fei and they only occupy two floors in it, so the collateral on the contract cannot write the entire Wuxin Building, but only 20% of the property rights of Wuxin Building. Jia Lei glanced at the contract and said.

The five-star building is worth hundreds of millions, if something goes wrong in the middle, Jia Lei will cry to death!

"Under normal circumstances, the value of the collateral is lower than the market price, so when we signed the contract, we counted the entire Wuxin Building! However, the Wuxin Building is worth at least 400 million, and its two floors are also 80 million enough, and this article can be changed. Director Gu immediately nodded and said.

"There is another one, I hope you can shorten the term of the loan to three months! Ah Fei just wants to have a hand, not to keep speculating in real estate, the loan period of three months is enough, so that you can save some interest. Jia Lei pointed to the term of the loan and said.

"Jia Lei, are you crazy? Who doesn't take out a loan for as long as possible? We only sign a three-month loan period now, and if you want to use the money after three months, you have to sign a new contract, that's too troublesome, right?" Ah Fei said unhappily.

"Brother Fei, I believe that with your ability, you will definitely be able to earn 20 million yuan in three months! When the time comes, you will have money yourself, can we still need a loan?" Jia Lei looked at Ah Fei and said very seriously and trustingly.

"Jia Lei, I love to hear what you say, with my ability, I will definitely be able to earn 20 million in three months, just like playing. Then I'll listen to you and only take out a loan for three months!" Ah Fei was praised by Jia Lei, and immediately said with ambition.

"I believe in you!" Jia Lei nodded and said, the success of the radical method finally made him breathe a sigh of relief in his heart.

"By the way, Director Gu, is it okay for your bank to lend money so easily? What if the person who took out the loan can't repay the money in the future?" Jia Lei asked, he wanted to take this opportunity to inquire with Director Gu about the forms of various financial institutions on the island.

"Haha, don't worry, our bank is very optimistic about the island's real estate market, and the identity of the lender has been verified before lending, and there will never be a lender who can't repay the loan." And according to state regulations, these lenders must have collateral!" Director Gu said unconcernedly.

"But now that there are so many financial institutions on the island, I think it's a bit too messy?" don't you think?" Jia Lei asked, and most of the people's collateral is the island's real estate.

"Because everyone knows that they can make a fortune here, so financial institutions from all over the country have come here to dig gold! Otherwise, our bank would not have paid so much attention to high-quality customers like Mr. Fei, because there are too many financial institutions on the island, and good customers have to grab them." Director Gu smiled bitterly and said that Jia Lei didn't know what to say at this time.

"Director Gu, since the contract has been negotiated, let's not mention these official matters. Let's go, let's go eat!" Ah Fei said immediately when he saw that the atmosphere was a little bad.

*****

It is said that in the early 90s, the domestic financial market had just begun to develop, and the so-called financial order was a chaotic and disorderly period.

The main manifestations of the lack of financial order are the illegal lending of the banking system, the illegal fund-raising by local governments, enterprises and individuals, the illegal absorption of deposits by financial institutions by promising high interest rates, the chaotic financial supervision, the frequent occurrence of vicious incidents, and the off-the-books operation of some financial institutions in order to evade government supervision......

In addition to the above chaos in the financial field, there were many financial institutions with Chinese characteristics in China at that time.

In those years, in addition to formal financial institutions such as banks, local governments and certain enterprises would also set up financial institutions indiscriminately to handle financial business in violation of laws and regulations.

Local governments and relevant departments will secretly use their own small coffers and fund-raising funds to set up various foundations, mutual aid associations, savings committees, stock service departments, settlement centers, investment companies, and other institutions to engage in financial business illegally or in disguise.

At that time, the four major banks had not yet developed, and each bank had less than 100 business outlets, which could not meet the needs of the national market.

Therefore, in the 93s, most of the domestic banks belonged to local commercial banks and rural credit cooperatives, and there was no one to supervise those institutions, and it was up to them to issue loans.

The only thing that can be regarded as a regulatory authority is the local government, but when the local government supervises the bank, it will inevitably help some enterprises and related households to say hello, and the result is ......

You know!

******

Jia Lei saw that Ah Fei had borrowed 20 million so easily, and he couldn't help but think of a report he had seen in his previous life.

The report says that in the early '90s, bubbles began to emerge due to the lack of effective monitoring and blind development of the island real estate industry.

It is said that there were two "70%" at that time!

That is, 70% of the funds entering the island are invested in real estate, and 70% of the funds invested in real estate come from bank loans and trust funds.

The remaining 30% of the money invested in the real estate bubble comes from private investment, illegal fund-raising by local governments, and investment by various chaotic financial institutions.

Of course, this also includes international speculators from Hong Kong, Macao, Taiwan and Southeast Asia......

At the end of April, it was the hottest time for island real estate, and Ah Fei originally wanted to buy land with the 20 million, but Jia Lei did not agree.

"Think about it, why does it take you three or four months to buy a piece of land, produce drawings, and build a house, when your repayment period has long passed, and you have to pay the bank a lot more interest. It's better for you to take this money and speculate directly in the house, just like we speculate in and out quickly, and you will definitely make a lot of money by reversing a few more times!" Jia Lei proposed.

A few months later, the island real estate bubble burst, and if you buy the land, you will really be in your hands!

"You're right, although you earn a lot from building a house, you have to make money slowly and worry a lot! I might as well flip a house......" Ah Fei nodded and said.

"It's good to flip the house, then let's go out and find a house!" Hong Chen nodded and said.

"What house are you going to buy?" Jia Lei asked with a frown.

"What house is cheap, what house can be bought for money?" Now the bulletin board on the street is full of real estate transaction news, let's go there and take a look!" Jin Shan excitedly proposed.

"You go away! The houses in the streets and alleys are all small businesses with one or two sets, and I don't even look down on them. I have 20 million in my hand, let's just go and buy the whole building to fry it. Ah Fei said proudly.

"Seeing that you are so excited, is it possible that you have a goal?" Jia Lei asked.

"Yes, there is a seaside resort on the other side of Qiongzhou Bay that is being developed, and it has only been built with two floors, only 5,600 yuan per square meter, and I plan to buy one building there. Ah Fei said proudly.

"Isn't that an off-plan house that has only been built to two floors?

"What's wrong with that?" Ah Fei asked.

"This kind of house does not have a real estate certificate, it is likely that there will be one house and two sales, and the developer will run away with the money, etc., in case something goes wrong in the middle, it will easily become an unfinished building when it changes hands. You're going to have a lawsuit!" Officer Jia Lei said.

"Brother Fei Jia Lei is right! Everyone is speculating in real estate, who will have the leisure to continue to build this house after buying it, what if the developer runs away with the money?" Hong Chen nodded and said.

"Then you said that we can't buy off-plan housing, what kind of house should we buy?" Ah Fei asked.

"When I drove by Huiyu Jincheng two days ago, I found that they have 2 buildings that are almost finished, so let's go buy them. Jia Lei thought about it and said, at least in his impression, these two buildings did not become unfinished buildings in the end.

However, its brothers and sisters were not so lucky, and the real estate development company later developed the next few buildings, because there was no money to renovate and finally became unfinished buildings.

"Huiyu Jincheng, I've heard of this place! The place is good, the transportation is convenient, and there is a scenic lake nearby, so be it!" Ah Fei immediately made a decision after hearing this.

Huiyu Jincheng is the golden real estate of the year, and it is particularly famous in the whole Haikou!

For developers, large buyers who can buy one building are naturally better than those scattered small buyers, so after Jia Lei and A Fei came over with a check, they easily bought one of the buildings for 20 million.

May 1993

The weather is hot, the real estate market on the island is even hotter, Jia Lei estimated that the time was almost up and persuaded Ah Fei to sell the building in his hand, Ah Fei seemed to trust Jia Lei in this kind of investment, so he sold the house in Huiyu Jincheng, which had just been bought for a month.

At this time, the housing price on the island has skyrocketed to 6,500 yuan per square meter, and Ah Fei's building has been sold for 26 million, and now it has only been a month since Ah Fei bought the house, and Ah Fei has made 6 million yuan in this buying and selling room!

It can be seen how profitable the island's real estate was back then!

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