Chapter 264 I Know Real Estate Best
It must be admitted that in terms of showing off one's bottom line, the East and the West are definitely evenly matched. Now that he is ready to get involved in the real estate industry, Sheffield has discovered that the shameless invention of the common area is simply a great innovation in the real estate industry.
When an owner buys a house in a residential area, in addition to the building area, the property certificate will clearly state how much common area there is. This is what the owner paid for but cannot enjoy. Where did it go?
For example, Sheffield bought 50 acres of land and then built a building on it. In addition to the area occupied by the building, green space, squares, parking spaces, etc. all need to be calculated into the common area. The area of corridors, elevators, equipment rooms, and even property rooms also need to be shared by each household. Sheffield will not pay for these areas out of his own pocket. So the common area appeared.
For a 1,000 square foot luxury house, the public area must be at least one-fifth of the total area. The owner of the house can measure it with a ruler, but no one knows how to measure it. How to measure the public area? No one knows this, and no one knows how to measure and calculate the public area. There are too many tricks here, and it is definitely a tool for developers to make money.
If Sheffield built a block of flats involving thousands of residents, no one would know the area unless he had a brain problem and published the data himself. Whatever he said was the number, no one could do anything to him.
The only pity is that New Orleans does not need to consider the heating problem, which makes Sheffield very disappointed. According to his previous life experience, the heating of northern housing also needs to take the common area into account. That is to say, when paying the heating bill for a person's house, he also has to pay heating fees for the green belts, squares and parking spaces in the community, for fear that they will be frozen.
Isn't this what Sheffield is regretting? Of course it is. You have to know that this part of the common area is equivalent to giving profits to other related industries, including heating companies and property management companies.
Now that a vested interest group is missing, Sheffield feels very sorry for his own interest alliance.
Why did Sheffield feel sorry for his partners? It was certainly not because he had a change of heart, but because he was eager to cash out. This was also what Rockefeller Jr. reminded him to do, to be good at using the power of his allies.
Sheffield naturally listened to his brother-in-law's words, but he was still unwilling to use his prestige to borrow money or use other financing methods? He had to take into account the prestige of the United Company in the southern states.
So he pondered for several days and finally thought of a way to make money. He remembered the closed environment of New Orleans, which was very similar to a certain Eastern colony. It was also an alliance of interests. They put all the land in their pockets but did not develop it to prevent house prices from falling.
After all the houses are sold, they will consider developing new buildings to reap the second wave of profits. At the same time, the famous public area originated in the local area. This great invention of the real estate industry has guaranteed the interests of capitalists as much as possible.
As the boss of a joint company, Sheffield has never been an arrogant person. Everyone knows that he is good at learning the advantages of other civilizations. Sure enough, even his two closest friends after returning to China thought that this was a genius idea. This time their admiration for Sheffield was from the bottom of their hearts.
So real estate can be played this way? At this time, Sheffield continued slowly, "We want more and more Dixie companies to participate, because this is the time to show our unity. The essence of the entire South should be gathered in New Orleans."
This was of course a lie. In reality, Sheffield was going to get deposits from various companies to take over Carnegie Steel. Rockefeller Jr. was right. If he couldn't do it himself, he had to find a way to get support from others. But Sheffield didn't want to trade the prestige of the United Company, so there was only one way, to lie first and then talk.
And this is not a complete deception. It can only be said that he is in urgent need of cash, but lacks time. As long as the acquisition of Carnegie Steel Company is successful, he will naturally have enough funds to deal with small problems. The plan to develop New Orleans is just to advance some cash from the future to fill the gap.
If he succeeds, the real estate company he established will definitely enter the north, and promote the new real estate standards throughout the country and the world. If the Soviet Union is established, it will be another unspeakable crime of American imperialism.
So now the first thing that Gail and McHale have to do is to gather enough workers to break up the black group, whether by deception or some other means, to get rid of the men with the strongest resistance. The rest is easy to solve, the second is to contact the alliance partners in various states to jointly complete the development plan of New Orleans and attract as many other families as possible to join. The more people there are, the more cash flow Sheffield will get.
As for Sheffield himself, he is going to New York to have a good talk with professionals in this industry. Yes, it is the Vanderbilt family who entered the supermarket chain industry but still did not get any benefits. Now the Vanderbilt family's supermarket chain has been sold to several families of Boston First Bank. It can be said that the transformation of the descendants of the railway king has failed again.
Sheffield felt that even if his plan could not match New York, it must be better than other cities. After all, he had a new industry of this era, and it was necessary to lay a good foundation. He could not just get involved in the steel industry and come up with a project to save cash flow, and then just deal with it carelessly. The steel industry must be developed well, and the real estate industry must also be developed well, after all, real estate also needs steel.
If the money is still not enough, Sheffield will have to find a way from the Germans. Anyway, German capital is also going abroad and needs a place to overflow. Together with Thyssen United, it has taken on Mexico's debt. Although this incense relationship is not big, it is not small either.
In the most difficult times, Sheffield would ask German capital for financing and let German capital intervene in the United States steel industry. Anyway, the Germans could not go against the will of heaven in the end, and they would be able to settle the accounts naturally after the war.
Naturally, Natalia was to be brought along on this trip to New York, which made the girl feel sweet. "As a family of a railway tycoon, should I pay attention to some etiquette? I have to pretend to be worldly-wise."
"Why are you pretending? Just act like you're seeing me. Do whatever you want!" Sheffield sighed inwardly, "Little girl, you're too honest. Just like the Soviet Union, in fact all countries' landmines are charged by grams, but you're not sociable. It's just a landmine, but the charge is calculated by kilograms. Can we still be friends?"
All the profitable businesses in this world have already been done by vested interests. As for the other parts of the secrets to getting rich, they are all written in the criminal law!
When I came to Sheffield, New York, I also saw the products of United Motors, Ford cars. Horse-drawn carriages and cars now run side by side on the streets. This staggered feeling has a bit of steampunk meaning, and it is at the intersection of the times. However, this scene will not last long. With the promotion of Durant and others, I believe that horse-drawn carriages will be eliminated earlier than the same period in history.
The destination of the group was the Bilmore Estate of the Vanderbilt family. Compared with the Bilmore Estate, which took six years to build, the Bilmore Estate seemed a bit dwarfed. The model structure of the Bilmore Estate was designed by a famous French architect and has 250 rooms, 43 bathrooms, 65 fireplaces, three kitchens, a bowling alley, an indoor swimming pool, and covers an area of 180,000 square feet.
This is the building area. Although the area of Rockefeller's estate is large, it is the total area. Bilmore Estate is the area of a villa. If we compare the total area, Sheffield is not targeting anyone. His own estate can be used as a cemetery.
Entering Bilmore Manor, Natalia's eagerness to see the world was ruined. She couldn't imagine how luxurious the building in front of her was, so she asked in a low voice, "How much does this cost?"
"According to the cost at the start of construction, it's half the price of DuPont!" Sheffield curled his lips and tried to pretend that he didn't care. In fact, he was very envious. That was more than 10 million US dollars. Who could afford to spend so much?
Led by the servants, Sheffield and his companion entered the Bilmore Manor Villa. As for the bodyguards behind them, there were other arrangements. Considering the luxurious lifestyle of the Vanderbilt family, Sheffield believed that his bodyguards would be well taken care of.
After waiting for a while, Vanderbilt II, an important figure of this generation of the Vanderbilt family, appeared. He was wearing a sophisticated suit and a smug smile under his decent attire. However, this could not impress Natalia, as his financial ability was already reflected in this manor.
"Look, my manor has welcomed a distinguished guest. Although I have never met you, I often see your name in the newspapers, William!" Vanderbilt II made a hug gesture and suddenly turned to Natalia and said, "My dear lady, you are so beautiful. Even I have never seen anyone as beautiful as you."
"Thank you for the compliment!" Sheffield pulled Natalia behind him unnoticeably. With Vanderbilt II's wealth, it would be a bit too false to say that he had never seen beauties of the same level as Natalia.
Sheffield didn't hesitate to get straight to the point and asked, "Mr. Vanderbilt, you seem to be an expert in real estate development?"
"Of course, no one knows real estate better than me!" Vanderbilt II said something that made Sheffield very annoyed.
(End of this chapter)
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