"Hoarding billions of dollars worth of real estate?"
Everyone was stunned, nearly choked to death by those words.
Damn it, no wonder he's Dong Ge.
Only Dong Ge could say something so grand.
On the side.
Lin Zhiyuan asked in surprise.
"You've bought so many houses, can you live in them all?"
The concept of hoarding houses didn't exist in 1990.
Everyone thinks that houses are for living in, not for hoarding.
That's what Chen Dong said.
If it were anyone else, they would have been criticized long ago.
Upon hearing this, Chen Dong simply smiled.
"Houses are so cheap now, like cabbages. We should buy as many as we can. Besides, we still need to continue trading treasury bonds. Having a place to stay in Mingzhu City will be convenient, won't it?"
"Cheap?"
Only Chen Dong would say something like that.
In their opinion, the housing prices at that time were really not cheap.
Take Mingzhu City as an example.
The price of one square meter of housing in Puxi is around 1,200 yuan, which is equivalent to the annual salary of an average worker.
To meet the needs of a family of three, you'd need at least 30 square meters.
If it were a family like Chen Dong's, with six members, wouldn't the living space need to double again?
Based on this calculation, it would take thirty years of hard work to afford a house.
No matter how you look at it, it's not cheap.
This does not include the interior decoration, furniture, and appliances.
Chen Dong had the idea of buying a house, and Lin Zhiyuan strongly agreed.
A house is a basic necessity, and having your own house is a good thing.
In the early 1990s, housing was still allocated by work units.
Chen Dong is an individual, without the support of a company, so he cannot enjoy the benefits of a company employee.
Buying a house or building one themselves became their only option.
The vast majority of employees with employers look forward to their employers allocating housing to them.
The allocation of company-provided housing will take into account factors such as the employee's length of service and position.
For a long time, the welfare housing allocation system has been characterized by a situation where there are far more applicants than available housing.
Countless people have been eagerly anticipating this day when they will be allocated housing.
The fierce competition among employees over a single apartment rivaled the power struggles in later palace dramas.
Lin Zhiyuan was also one of the vast army.
only.
His length of service has not yet met the criteria for housing allocation.
To secure a spot in the company's subsidized housing program, one would likely need to accumulate several years of seniority within the company.
If the housing prices outside were really as cheap as Chen Dong said, why would he and Chen Nan still be crammed into a rented room after getting married?
Lin Zhiyuan's lips twitched as he thought to himself.
"You think everyone is like you, a prodigy who earned more than 200,000 in just half a month?"
"Some single-income families rely on that meager salary to make a living, so where would they find extra money to buy a house?"
But he had to admit that Chen Dong had the authority to say those words.
He earned over 200,000 yuan in just half a month. What about a month? What about half a year? How much would that be? Lin Zhiyuan didn't even dare to think about it.
Compared to how fast Chen Dong makes money, current housing prices are really as cheap as he described.
"Then it's settled. Next, we'll split into three groups."
At this point, Chen Dong paused, looked at Jiang Fei, and continued.
"Brother Fei, regarding the house purchase... I'll leave it to you and Ah Long. You two should go to Lujiazui in Pudong; the house prices there aren't too expensive."
Pudong?
Lin Zhiyuan picked at his ears, thinking for a moment that he had misheard.
Chen Dong nodded, speaking with certainty.
"That's right, it's Pudong, not Puxi."
"That's the countryside!"
Lin Zhiyuan was surprised. He had thought Chen Dong wanted to buy a house in Puxi, but he didn't expect it to be in Pudong.
Puxi and Pudong are both in Mingzhu City.
However, the two sides developed in completely different ways.
If Puxi is likened to a swan, then Pudong is the ugly duckling.
A saying circulating in Mingzhu City reveals people's longing for Puxi and their disdain for Pudong.
The saying "I'd rather have a bed in Puxi than an apartment in Pudong" perfectly describes the current state of Mingzhu City.
This idea has even gained the approval of the vast majority of people, who apply it to their criteria for choosing a spouse.
The most obvious example is that many people would rather have a family of three squeezed into a ten-square-meter tenement building than live in a large house in Pudong.
This idea has taken root in people's minds, and Chen Dong is too lazy to explain it.
Looking back with his own perspective, he saw Pudong as the overlooked dragon.
"The countryside is great! The air is fresh, the people are talented, and most importantly, houses are cheap there. Think about it, with the same amount of money, I can buy several houses. Why not?"
At this point, Chen Dong himself laughed.
He was somewhat relieved that it was only March, and there was still time for everything.
Once the government decides to launch a major development project in Pudong in April, the idea of buying a house at rock-bottom prices will be nothing short of a pipe dream.
He has a background in finance and doesn't know much about real estate.
But he also knew that house prices would only continue to rise for a long time to come.
Now it's just a few hundred yuan per square meter, a bargain price. In future generations, it will cost tens of thousands or even hundreds of thousands of yuan to buy a square meter.
Chen Dong isn't stupid; how could he not understand this?
Now, his concern is not whether to buy or not, but how much to buy.
Nowadays, houses in Pudong are indeed dirt cheap, but Chen Dong's funds are limited after all.
The business of reselling treasury bonds cannot end anytime soon.
I took advantage of this window of opportunity to resolve issues such as visa and student ID.
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