Chapter 37: Where the Bubble Rises!

"Lao Li, since you are no longer speculating in stocks, what are you going to do in the future?" Jia Lei looked at Li Datou who was lying on the hospital bed and asked, after he fell, Jia Lei hurriedly asked the bodyguards to send him to the hospital.

It's a pity that Lao Li was afraid that his family would worry, so Jia Lei said that he was not used to heat stroke in tropical weather, so Jia Lei had to do as he said.

"I quit my job in order to speculate in stocks, I used to think that I was a multimillionaire, and I didn't have to worry about money anymore for the rest of my life.

But the stock market has become what it is now, and I don't dare to speculate in stocks anymore!

Although I lost a lot this time, I still had 1 million coffins left in my hand because I ran in time. I see that the real estate on the island is quite prosperous, so I plan to buy 2 buildings here and speculate, maybe I can make a comeback!" Lao Li struggled to sit up and said.

"The housing prices in Haikou are too expensive, your 1 million can buy at most 2 rooms here, I don't think you should speculate on such a little thing! The risk is too high!" Jia Lei said with a frown and disapproval.

"Haikou is just a newly built city, no matter how expensive the housing prices here are, how expensive can they be? Even if the new house in Mingzhu City is only 2,000 yuan per square meter, you actually say that you can buy two more rooms here for 1 million yuan. You lied to me, right?" asked Li Datou in disbelief.

"What am I lying to you for, the house price in Haikou is so expensive, and now the cheapest house here is 3,500 yuan per square meter, but it is a small and dilapidated rough house, and no one speculates at all.

Now the most popular people who speculate on real estate are buildings and office buildings, take the Nanyang Building, which was just completed in March, for example, its price is 16,000 Hong Kong dollars per square meter, which is about 11,800 yuan in RMB!

That is the best and most expensive office building in Haikou now, and the house price has been speculated to the sky before it has even opened.

A friend of mine bought a 5,000-square-meter office at a price of 11,000 yuan last month, and in less than a month, the house in Nanyang Building has risen to a high price of 18,000 per square meter, and my friend has earned 20 or 30 million yuan in a blink of an eye.

With the little money in your hand, you can buy up to 60 square meters in Nanyang Building, but the problem is that Nanyang Building does not have such a small office room. The money you have is only enough to buy a 100-square-meter ordinary office building!" Jia Lei said.

"Hey, is the housing price in Haikou so high now? You say that the Nanyang Building is the most expensive, so is there anything cheaper than it?" asked Li Datou.

The apartment on Longkun South Road is 5,000 yuan per square meter, and the villa on Haidian Island is 7,500 yuan per square meter.

Overseas buildings are 8,000 yuan per square meter, and Wangfu, Jiudu, Hong Kong and Macao Shenya are all about 10,000 yuan...... "Jia Lei introduced various real estate projects in Haikou to Li Datou like a few treasures, and the more Li Datou listened, the worse his face became.

"This, this, this...... I have never seen such an expensive house in Mingzhu City, except for foreign-related apartments!" Li Datou said in surprise.

"The island is a special zone within a special zone, and the various preferential policies here are no worse than foreign-related apartments!

However, the current housing prices on the island have peaked, and if you still want to take over, the risk is not less than that of the stock market, I think you should take the 1 million to the bank and save it for interest. It's safe!" Jia Lei persuaded him.

"I did think about depositing this money in the bank for interest, but the recent inflation has been so strong that the money is depreciating too quickly!

I can still buy a few houses with 1 million now, and maybe I can't even afford a toilet in 10 or 20 years, so I still have to invest my money to feel at ease. Li Datou said.

Li Datou is a typical self-made person, he relied on his own ability to become the first batch of multimillionaires in China by speculating in stocks in just a few years, which shows that his vision and judgment are much better than ordinary people, so he smelled the danger of inflation early.

"Hmm...... After 1 million decades, maybe you can only buy a toilet......" Jia Lei was stunned when he heard Li Datou's words, he didn't expect Li Datou to think so far.

"Well, if you can trust me, I'll buy my house with this money, right?

I built a wholesale mall on the island, and the shops there were all for renting out to other people for business, not for speculation. So the risk is relatively small, do you want to try it?" Jia Lei thought about it and asked him.

"Then how much does your shop cost per square meter?" asked Li Datou.

"10,000 square meters!" Jia Lei replied very calmly.

"Hey~~! This price is too expensive! For the sake of us being old acquaintances, Jia Lei, can you give me a discount?" Li Datou proposed.

"No! My shop is in demand in Haikou now, and money can't buy it. It was for the sake of you and I that I made an exception to sell you four shops. Otherwise, ordinary people would beg me with money now, and they would not sell my shop to him. Jia Lei immediately shook his head and said.

"Is your shop really that popular?" asked Li Datou in disbelief.

"If you don't believe me, I'll show you tomorrow. To tell you the truth, I plan to sell you a few shops because of your pitifulness! Our group of brothers who speculated in stocks and saved the market together are not left now, can we keep one more......" Jia Lei said melancholy.

"yes...... , the stock market is a thing that makes money quickly and loses money quickly, and if you are not careful, you will lose your life. Li Datou nodded and said.

"So no matter what you do, be prepared to withdraw in advance, and don't always think about waiting until the price rises to the highest before selling, so it's easy to miss the opportunity to get off. Jia Lei said.

After Li Datou waited for his health to get better, he immediately went to Wuxin Wholesale City for a turn, and when he saw the crowd of people in the wholesale city, Li Datou immediately bought four shops from Jia Lei.

"Brother Fei, these remaining shops are supposed to belong to all of us, and now I'll sell a few of them to Lao Li, don't you mind?" Jia Lei asked.

"We don't suggest it, we and Lao Li also know each other after all, Li Datou is not young, and it is good to have a stable source of income. Ah Fei said in understanding, and Hong Chen also nodded.

Dasha doesn't need to ask Dasha's opinion on this kind of thing......

"The hall on the first floor of Wuxin Wholesale City and the warehouse on the bottom originally belonged to me, so I won't give this to you.

At the time of the opening, I deliberately left the 450 shops distributed on various floors, and according to the ratio of 28 points, the three of you can take 90.

Each of these shops can be divided into 30, and from now on the shops will be yours, and you can rent or sell them as much as you want. Jia Lei said.

"Jia Lei, I didn't expect that after you gave me so much money, you would actually give us a shop? You are too generous this time, right? You don't have a fever, right?" Ah Fei asked in surprise, he felt that it did not fit Jia Lei's style.

"I'm fine, I'm not sick! I originally just wanted to build a warehouse on this land, and it was your idea to build a building.

Moreover, the three of you did the preparatory stage and the construction stage of this building at the beginning, so you contributed the most effort to build this wholesale city.

I'm just relying on the fact that this land is mine and I've invested some money, so I have taken a big advantage with you! If I still have my own possession, then I'm too thick-skinned......

I've always believed in taking as much effort as I can, so the money and the shop are what the three of you deserve. Jia Lei said.

"As soon as you say that, I will be even more uneasy with the money and the shop, we used your land to build a house, but we cut it first and then played it! That's why you don't know......

We will only make a lot of money this time if we hit the big luck, but what if we lose this time?

Wouldn't that be asking you to clean up the mess for us, so we can't take these shops? Ah Fei shook his head and said.

"That's right, Jia Lei, you always clean up the mess for us, this time we can finally let you follow us to get rid of it, you can take these shops back." Hong Chen also said.

"You guys aren't girls, you're just collecting a few shops, why are you so grinding? Young Master Ben is a billionaire! Jia Lei said.

"I know you don't like this shop worth 300,000 yuan, but I've already taken too much money this time, and we can't ask for these things. Ah Fei still excused himself.

"It's too much for you to take 30 million, but I made 300 million thanks to you this time! This 900,000 is a drizzle for me, if you don't accept it again, I'll turn my face." Jia Lei said angrily that he felt that the current situation was as if the people of the Northeast were rushing to pay.

"Brother Fei, don't quarrel with Jia Lei, let's take the shop! Jia Lei really doesn't lack this little money, this is his heart, let's not be hypocritical. Hong Chen thought about it and said, he felt that this little thing was not worth arguing about.

"Brother Fei, my mother said, I will collect all the money and things that Jia Lei gave me, and then hand them over to her to help me keep them for my daughter-in-law.

Let's take this shop, my mother said that the stupid money should not be in vain!" Dasha also touched his head and said.

"That's right, those shops will give you wedding red envelopes, and I won't give gift money when you get married in the future. Jia Lei said.

"Since you all say so, then I will take these shops, and when I get married in the future, I will give them to my wife as a dowry." Ah Fei nodded and said.

"By the way, Dasha, what else did Ms. Jin say to you about me?" Jia Lei suddenly asked, he heard the three words of stupid money just now.

"My mom said, no matter what business you do, let me keep up, so you will give me a little bit of it!

My mother also said, you have money anyway, just a sesame seed falling from your finger is enough for our whole family to eat! And ......" Dasha said a particularly honest nonsense, Hong Chen was so frightened that he immediately went up to cover his mouth.

"Jia Lei, Dasha is just a fool, don't mind! You also know my aunt, she is a woman in Pearl City who likes to be calculating and shrewd to the bones. She just wants Dasha to take advantage of it, and there's nothing bad about it. Hong Chen hurriedly explained.

"I don't know how good that person is, Ms. Jin, otherwise I wouldn't have asked her to help me manage the resort, but I didn't expect her to dare to calculate on me. Jia Lei said speechlessly, this thing is not big, but it is not very comfortable to hear.

Don't you want to be stupid and big!

"Hong Chen, let go, I haven't finished my words yet! My mother also said that Jia Lei is so good to our whole family, I must protect him well. In case a bad guy wants to kill him, I will rush up to block the knife for Jia Lei. Dasha broke away from Hong Chen's hand and said.

"Oh hey, you stupid guy still has a little conscience, and you didn't take my advantage for nothing. The sullen breath in Jia Lei's heart when he heard the last sentence finally dissipated, and he had an idea as soon as he was in a good mood.

"Now that we've run out of money and shop, let's go out and have a barbecue to celebrate. Jia Lei proposed.

"yes, yes, my favorite thing to eat is barbecue and beer. Dasha immediately nodded and said.

"Ouch! I have a good business as soon as I come, can you take me with you when you go to the barbecue?" asked Shanjiuzhai drunkenly.

"Shanjiuzhai, why do you drink so much wine in broad daylight?" Jia Lei asked him with a frown.

"I just went to meet a few friends who took a piece of land two days ago and wanted to work with me on it. So I made an appointment today to sell the rest of the houses in Nanyang Building, and at 18,000 yuan per square meter, I cashed out a total of 34 million.

I'm going to do a big deal with them this time, and then I can become a billionaire like Jia Lei!" said Shanjiuzhai in a daze.

"Auction the land! The current land price is so expensive, which piece of land is your friend auctioning?" Jia Lei asked puzzled.

Recently, the government has released a lot of land, and Jia Lei couldn't figure out which piece of land Shanjiuzhai was talking about for a while.

"You ask me which piece of land? Of course it's a good land, a treasure land...... Hehe!

I'll tell you, that piece of land is right next to the Nanyang Building I bought!

The house in Nanyang Building is selling so expensive, and when our house is built, it will be able to sell it at a good price. Shanjiuzhai said in a daze.

"Poof!cough!" Jia Lei almost choked to death from his saliva when he heard this, and then he looked at Shanjiuzhai with wide eyes.

"I said that if you want to die, you should find a normal stone to hit, so that at least you can leave a whole corpse, and the stone you want to find now is harder than a diamond!

The land on Binhai Avenue auctioned by Yangpu Xinrong Industrial Company is the king of the land this year! The transaction price of that land is as high as 10,200 yuan per square meter, do you plan to sell the house to a sky-high price when you build a house there?" Jia Lei asked in shock.

Xinrong's boss said that in the future, Xinrong Building will sell for a minimum of 30,000 yuan per square meter, and a maximum of 50,000 yuan. Ah Fei said that this is the expected price in the other party's heart.

"But I still haven't figured out what this piece of land has to do with you, how did you get on the line with them?" Jia Lei asked puzzled.

"Hehe! I told them that I would take the 34 million to buy the investment coupons of Xinrong Real Estate Company the day after tomorrow. Shanjiuzhai took out a check from his arms and said with a smirk.

"Rely on it! You dare to buy such an unreliable thing as real estate investment bonds, why don't you go to heaven!" Jia Lei said angrily.

Someone must be asking, what is a real estate investment voucher?

This is the island to be very innovative back then, and launched an artifact to raise funds, which is simply a divine idea that has never been seen before or since...... Spirits!

In fact, the irrational and unrealistic high housing prices on the island are pushed up by this thing!

The so-called real estate investment bond is a kind of fully closed investment bond that the government allows real estate enterprises to issue in the form of auction under the supervision of qualified regulatory agencies and entrusting qualified issuers!

After the real estate company buys the land and prepares to start construction, the special bond supervision agency and the issuing agency will divide the investment money of the project into fixed shares according to the estimated project funds required for the project, and auction them to ordinary investors in the form of bonds.

After the sale of the target project of the bond of the real estate company is completed, the investor can take the bond to receive his principal and the dividends brought by the project income.

Jia Lei was really curious about this kind of thing when he first saw it, and he wanted to fry it!

However, after Jia Lei carefully studied this bond, he found that there were too many loopholes and too many risks in this thing, so he couldn't touch it......

Because this thing is a legal illegal fundraising, and the situations that are prone to illegal fundraising, such as stepping on thunder, liquidation, bankruptcy, and running away, are also easy to appear in this bond.

Didn't we say earlier that there were more than 13,000 real estate companies on the island at the peak in 93, so how did these real estate companies come about?

In 1991, the number of island real estate companies was 372, which is a relatively normal number. By the end of 1992, that number had skyrocketed to 1,069.

By 1993, the island's real estate companies had swelled tenfold to more than 13,000, and there must be a reason for this strange situation.

The reason is that at the end of 91, this real estate investment bond was born!

And this real estate investment voucher is one of the culprits of the skyrocketing growth of island real estate companies and the real estate bubble.

What role did this real estate investment voucher play in the island real estate bubble, let me give you a brief explanation.

With this real estate investment certificate, the real estate company can raise the project funds and funds needed for real estate development through the issuance of investment bonds before the house is built.

After the bonds were issued, the real estate company had money to build a house, and according to the policy at that time, the real estate company could remortgage the house to the bank for a loan during the construction of the project.

This kind of good thing for developers is an empty glove white wolf!

That is to say, at that time, as long as there was a relationship on the island and the land could be obtained, a real estate company could be set up casually, and everyone could build their own house with empty gloves.

And the same piece of land, the real estate company can set the wolf twice!

The first time was an ordinary speculator who bought investment vouchers, and the second time was a bank.

Who would miss such a great opportunity to make a fortune?

So in 1993, everyone in the country went to the small part of the island to buy a house and speculate in a house, otherwise the development of Beijing, Shanghai, Guangzhou and Shenzhen is not stronger than the island, why are the housing prices in these first-tier cities not as high as Haikou?

Because there are no real estate investment vouchers in these places, their real estate development path is step-by-step, and even if there is a bubble, it is very small enough to shake the foundation.

(Relevant information comes from Sohu.com, press release of Shangshan Ruoshui Assets)

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