Chen Xia took a sip of water and added:
"Another key point is that our country's economic development will only get faster and faster, and construction costs will also get higher and higher. So this time we are building 21 buildings first. The investment is huge, but compared to the inflation in recent years, we will not lose money in the future."
Chen Xia was telling the truth this time. He thought that 21 buildings could not be used all at once, so he planned to build them in phases. Then he suddenly thought of the terrible inflation in the 1980s and became scared.
During the inflation cycle that started in 1986 and lasted until 1988, the purchasing power of banknotes was getting worse day by day.
By 1988, prices had reached a peak. Even if you had money, you couldn't buy anything, and people didn't dare to save money.
Chen Xia now has more than 50 million in cash, and the three factories of Pumpkin Vine Pharmaceutical Company generate huge profits every month.
Although this profit can be converted into US dollars and Hong Kong dollars, this will undoubtedly create a bad impression on the upper class. If Pumpkin Vine wants to be a "patriotic Hong Kong businessman", it is best to share the joys and sorrows with the country during its difficult times.
If you want to make money, there will be plenty of opportunities in the 1990s to slowly transfer domestic profits to Hong Kong.
So now how to spend money is a headache.
How much can Chen Xia and his family eat? How much do they use? Forget about eating "five bowls of meat", even if they eat fifty bowls of meat a day, they still can't finish it.
Spending tens of thousands a year is almost a sign of being the biggest spendthrift in Yuezhou.
In 1985, you couldn't buy land and invest in real estate. Otherwise, you would have learned from a certain unscrupulous person in Hong Kong and hoarded the land after buying it, then sold it after it appreciated, converted it into US dollars, and then transferred the money abroad. It would have been a good idea.
Buying antiques?
At Chen Xia's current purchasing rate, if he continues to buy, almost all the antiques on the market will be in his hands. By then, the antiques will not be hotly speculated and their value will not increase. He will lose a lot of money buying so many antiques.
He has been asking Ying Yuanyue to buy only fine and precious antiques in the capital, the best quality antiques, and not to accept ordinary items, so this road is also blocked.
The second thing is to purchase precious Chinese medicinal materials. He has been doing this. Now, in his space hospital, apart from jade, the most common things are these precious Chinese medicinal materials.
However, the value of these Chinese medicinal materials was not high in 1985, and they really didn't cost much money, which was far behind the speed at which Chen Xia made money.
So the best way, and also the way that Chen Xia, a reborn person, can think of to spend money, is to invest it in a "house".
Since the real estate industry has not yet taken off and the value of land has not yet been reflected, the best way for him to do so is to enclose more land in the name of the Pumpkin Vine Company.
Whether it is the capital or Shanghai, there are hidden dragons and crouching tigers here. Chen Xia does not have the courage to compete with these real dragons and tigers for food. He is afraid that before he can grab the fat meat, they will bite off a piece of his flesh first.
But it doesn’t matter for a small city like Yuezhou.
Not to mention that there are no local tyrants appearing yet. Even if there are, with his Hong Kong capital background and connections in the region and province, is there any local tyrant more powerful than him?
The key point is that although Yuezhou is only a second-tier city in later generations, this city has a developed economy and trade, and its housing and land prices are among the highest in the country, so it is definitely a piece of delicious fat meat.
This time he asked for 350 acres of land. In fact, to build 21 buildings and add green space, 120 acres of land is enough. What should he do with the remaining 230 acres of land?
Of course it’s stockpiling.
What if people don’t allow you to stockpile? Don’t make too many excuses, such as using it as a green park within the community or as a future land reserve for building more residential buildings.
In addition, Chen Xia had another little plan, that is, next to the Luomenfan plot of land was the "Yuezhou No. 1 Textile Factory", and this factory was almost bankrupt, and closing down was a matter of time.
At that time, Chen Xia will acquire this bankrupt textile factory, and then build a new textile factory near the city wall. The hundreds of acres of land of the urban textile factory can be connected with the current land.
This is five or six hundred acres of land. It’s exciting to think about it. Whether it is used to build residential houses or shopping malls, or to build a commercial complex and residential houses together like "Mouda", it is definitely an excellent asset.
If Chen Xia was a little more shameless, he could have learned from Lao Wang and mortgaged these expensive shopping malls and houses to the bank, and after the loans came out, he could have converted the money into US dollars and transferred all of it abroad.
Look at that rich guy. Isn't he smart? If domestic housing continues to appreciate in value, when he pays off his loan, the mall will still be his.
If domestic housing values depreciate, he won't want the residential property in the shopping mall anymore. He already has the US dollars anyway, so if there's any loss, it's the bank, not him personally.
Is this a cool move? So, they are the richest people, and we are the "first losers" who can't even afford the down payment.
Li Bingquan didn't know that someone was already daydreaming and planning things decades into the future, so he kindly asked:
"Xiao Chen, is it technically feasible to build such a tall building? We need to prevent it from collapsing."
Chen Xia quietly rolled his eyes: "Li Suji, skyscrapers are not rare things. The Americans were able to build high-rise buildings in 1888, when we were still in the Qing Dynasty.
Even in our country, the first high-rise building with more than 10 floors was built in Guangzhou in 1922. So there won't be any technical problems, the key is money."
The problem is that Chen Xia is not short of money now. The three pharmaceutical factories in the mainland of Pumpkin Vine are continuously producing huge profits, and these are all cash cows.
As for the patent fees received from Hong Kong, the turnover of the Jade Jewelry Store, and the profits of Margaret Hospital and Pumpkin Vine Hong Kong Pharmaceutical Factory, he is not planning to invest them in China.
That is to invest in Hong Kong real estate, and also to invest in US stocks, acquire famous wines, etc.
Chen Xia did not understand economics, nor did he know when the US stocks, Hong Kong stocks, or oil futures would soar or plummet. He had no way of buying or selling short, so he was destined not to make any money.
But he knows about Apple's stocks, as well as Coca-Cola, Microsoft, Intel, and Amazon's stocks. Anyway, these huge companies will not go bankrupt in the future, and their corporate profits are amazing, and their stocks have doubled in value.
For example, Apple’s stock was about $0.39 per share in 1985, and by 2020 it was $500 per share.
What else does Chen Xia want? Just buy this stock blindly, keep buying, buy, buy, buy until you become the largest individual shareholder. Isn't that great?
Even if you diversify your investments and buy stocks like Coca-Cola, Microsoft, Intel, Oracle, Cisco, etc., even if you make a mistake in remembering one or two of them and suffer a big loss, it will only be a drop in the bucket.
Oh, by the way, you can’t buy pharmaceutical stocks anymore. Chen Xia has already snatched up the main money-making drugs for the next few decades. It would be a blessing if these international pharmaceutical giants don’t go bankrupt in the future.
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