Chapter 128 Stop arguing!

In 1997, Hong Kong was in a state of national carnival.

Because the real estate and stock markets in Hong Kong are booming like never before.

At that time, there was a saying circulating in Hong Kong: "High Tech is for profit (high-tech industry is not good), Low Tech is for profit (speculating in real estate is for profit)", which means that if you want to make quick money, then speculating in real estate is the right thing to do.

Because people in Hong Kong believe that as long as you speculate in real estate, you will never lose money. No one believes that house prices will fall, so everyone buys with their eyes closed.

As long as the money in hand is enough to pay the mortgage for the first two years, I will buy it without hesitation.

One bet determines success or failure, if you win you will become rich.

It can be seen how crazy the real estate market in Hong Kong is at this time.

Similar to the property market, Hong Kong’s stock market has also hit new highs.

As the world's fourth largest financial center, the sixth largest foreign exchange market, and the second largest stock market in Asia, Hong Kong has a very good development momentum as it has just returned to the motherland.

At that time, there was an unwritten rule in Hong Kong's stock market: every time the Hang Seng Index rose by 1,000 points, everyone had to open champagne to celebrate in the trading hall.

They have each opened three bottles of champagne since July 1.

Therefore, at this time in Hong Kong, everyone was investing in stocks, everyone was buying houses, and even those selling milk tea on the street had a few stocks in their hands.

However, amid the frenzy in the port city, there is a risk of economic crisis brewing.

In October 1997, the peaceful Victoria Harbour was suddenly shrouded in dark clouds.

International speculators began to attack Hong Kong by shorting the Hong Kong dollar.

Before long, an economic storm began to sweep across Asia.

With the outbreak of the Asian financial crisis, the economic storm in Hong Kong spread to Shenzhen. Many Hong Kong buyers were eager to sell their houses and recover funds, causing the housing prices in Shenzhen to plummet.

"House prices have fallen again! Vanke Guiyuan has dropped from over 8,000 to over 6,000!"

At dinner time, Lin Qiu's family was discussing the economic crisis that had just been reported in the news.

"I think there's more to come!" After Wang Xiuren swallowed the chicken in his mouth, he continued, "Many houses are being sold now, and no one is buying them!"

Lin Ting also joined the conversation, "I see, too. How can a house be sold so expensively? The previous garden was sold for more than 9,000 yuan per square meter. It's not made of gold!"

"So what those experts said is right. This is a bubble economy! Bubbles are fake."

"That's right! It's all fake. Fortunately, you bought the house early, otherwise according to the trend of house prices in the past two years, tsk tsk, you don't even need to think about it!"

Lin Ting felt that both of his daughters seized the opportunity and bought the house when the price was low.

Zhou Qing was a little worried, "Will the housing prices continue to fall? If so, won't Qiuqiu and her family lose money on the two houses they bought? They're still paying off the mortgage!"

"Mom, don't worry! The government will definitely not ignore the economic crisis!" Lin Qiu finished his meal and put down his bowl and chopsticks.

"Besides, the general price has dropped to 5,000 or 6,000 now. We bought it at Hua'an Garden for more than 2,000. So if we calculate it now, we are still making a profit!"

Zhou Qing thought about it and felt that it was true, but he was still worried about the economic crisis. "I saw on TV that many young people jumped off buildings. Sigh..."

"Mom, that was caused by stock speculation!" Wang Xiuren explained, "I heard that the stock market collapsed, and many stock speculators have lost their fortunes."

Zhou Qing didn't know what stock speculation was. When he heard that it could make people lose everything, he immediately told his daughter and son-in-law: "Don't try to learn how to speculate in stocks! Just make money in a down-to-earth way."

Lin Ting had read the news reports and knew a little about stock speculation, so he added, "Your mother is right! This thing makes money quickly, but it also loses money quickly. We don't understand these things, so we'd better not touch it!"

"Dad, Mom, don't worry! We will definitely not touch this stuff!" Wang Xiuren promised.

Lin Qiu also nodded.

“I don’t trade stocks either!”

After Wang Shan finished swallowing the last vegetable, she interjected and ran to the sofa, holding the remote control to look for cartoons!

The whole family couldn't help but look at her with laughter.

Lin Ting pointed his finger at her in the air, "This little bastard!"

Seeing my daughter sitting on the sofa, I realized how big she has grown in the blink of an eye.

Lin Qiu suddenly realized that it would be inconvenient for his daughter to sleep with him now that she was older.

She patted her head and thought that she should have thought of it earlier with her stupid brain!

"Qiuqiu, why are you hitting yourself?" Zhou Qing wondered.

"I just realized that Shanshan has grown up!" Lin Qiu explained, "We should prepare a separate room for her."

The old couple and Wang Xiuren suddenly realized.

"I should have prepared it earlier!" Zhou Qing also felt that he was careless.

Lin Ting looked at the house he had lived in for several years and suggested, "How about your mother and I go out and rent a house?"

"How can this be possible?"

Lin Qiu and Wang Xiuren objected in unison.

If you let your parents/father-in-law and mother-in-law go out and rent a house to live in, are you still a human being?

Lin Ting looked at his filial daughter and son-in-law with some relief, "I know you are filial, but isn't this because of objective conditions? You can't always let Shanshan follow you, right?"

"How about this, I will rent a house outside with your mother for a few months, and when the lease of Hua'an Garden is up, we will move there. No one will say anything about you."

Lin Ting's proposal was still rejected by Lin Qiu, "No!"

Lin Qiu said firmly: "We have already agreed that you two old people will live with us from now on. We will not let you move out no matter what!"

"Qiuqiu is right. If it really doesn't work, we two should move out and think of a solution!" Wang Xiuren and Lin Qiu formed a united front.

"How can that be possible?" Zhou Qing disagreed, "You bought the house, and I'm asking you to move out. What kind of thing is that?"

"But I can't let you move out!"

"Anyway, I don't agree with you two moving out!"

The old couple and the young couple started arguing about renting out the house.

"Oh! Mom, Dad, Grandpa, Grandma, stop arguing!" Wang Shan ran over, covering her ears.

"We didn't quarrel!"

The four people said in unison.

"Shanshan, we were discussing something with grandpa and grandma. We didn't quarrel, we just spoke a little loudly." Lin Qiu bent down and explained to his daughter in a low voice.

"I know everything!" Wang Shan put her hands down. "Actually, you don't have to quarrel at all."

"Shanshan, we didn't quarrel." Lin Ting emphasized.

"Okay! You didn't quarrel." Wang Shan waved her hands like a little adult, "I have a way so that everyone doesn't have to move out."

"What method?" Wang Xiuren asked impatiently.

"I'll just sleep on the sofa!" Wang Shan pointed at the sofa and said, "This way no one has to move out!"

"No! How can I let you sleep on the sofa?" Zhou Qing valued Wang Shan very much and disagreed as soon as he heard it.

Lin Qiu thought about it and said, "It's not impossible."

"Qiuqiu!" Lin Ting said in a deep voice: "If Shanshan is allowed to sleep on the sofa, your mother and I will go back to our hometown!"

"Dad, please listen to me first!" Lin Qiu knew that his father was angry. "I'm not letting her sleep on the sofa. Tomorrow, Xiu Ren and I will buy a folding bed and put it in the living room. Let her sleep there for a while. When the house in Hua'an Garden is vacant, we will move in!"

"That's good enough, but we can't let our Shanshan down!" Lin Ting agreed reluctantly.

A dispute just ended like that.