Anyway, there will be other opportunities in the future. The stock market will enter a bear market in 2008, and real estate prices across the country will drop significantly at that time. It would be safer to wait another year or so before buying.
She's not in a particular hurry to make money from real estate right now. She's fine with earning a little more or a little less. There's no need to be too hasty and cause trouble. It's better to keep a low profile and prioritize stability.
Fang Yitong and Director Guan's families both bought two-story shops in prime locations, each with a floor area of over 200 square meters and a price of 20,000 yuan per square meter, totaling over 4 million yuan per shop.
Both families appear to be financially strong, and each is expected to contribute eight or nine million this time. After deducting half of the loan amount, they will still need to pay over four million in cash.
Chen Hong herself had to pay more than 11 million yuan in cash, and needed to take out a loan for half of that. Fortunately, she had a good repayment record, so Director Guan handled the process without any trouble.
After staying in Beijing for three days, Chen Hong obtained the property ownership certificates for all the houses and shops, and paid nearly 700,000 yuan in taxes alone.
Originally, Fang Yitong and Director Guan had planned to turn the property sale contracts into gift contracts, which would have saved each family hundreds of thousands of yuan in property tax. Chen Hong was too timid to do that.
She already had an easy time making money; the government didn't levy production taxes on fishermen, and there was no personal income tax on stock trading.
Chen Hong felt incredibly greedy after earning so much money. At least this time she could pay some taxes, and she was determined not to try to save any of it.
Seeing that Chen Hong was so determined to pay her taxes, the two discussed it for a long time and decided to follow Chen Hong's example, so as not to create problems for themselves in the future for such a small amount of money.
If something goes wrong in any part of the process and this comes to light later, tax evasion isn't something that can be resolved with just a small fine. It involves hundreds of thousands of dollars, enough to warrant a criminal sentence.
They were both doing well at their jobs and didn't want to ruin their reputations by working as sewing machines just to save money. That would be incredibly embarrassing for them in the industry, something they absolutely couldn't afford.
Fortunately, property prices are soaring, rising by a quarter this year compared to last year. They are still regretting not having the courage to buy more houses last year.
If they had bought two more properties, they could have at least earned back the cost of one house by now. That's more than their entire family could have saved for half a lifetime, and it's only been six months.
The long-term benefits are unimaginable!
With these three properties and shops in hand, it's easy to imagine how much their value will appreciate in the future. Without buying real estate, they would only have enough to eat and drink for their entire lives, with a little surplus.
Looking at the long term, the gap between their wage increases and the current cost of living is too large. Perhaps when they get old and retire, they won't be able to maintain their current standard of living with just their wages.
Furthermore, there are many more highly educated young people nowadays, but the competition is also fiercer. Many young people with advanced degrees don't earn as much as older workers like them.
If children rely on their own earnings to buy a house and start a family, after deducting living expenses, it would take a lifetime of hard work to buy a house.
Now that they have such a good opportunity to make money, they also need to plan for their children and make more investments to earn some capital for them.
In a few years, it will be too late to re-enter the real estate market. You won't be able to buy a house even with several million yuan, and you won't even have enough initial funds.
By then, even they will be at a loss. They've already bought two houses with Chen Hong. Once they open up their minds, they'll have plenty of investment opportunities.
Director Guan and Fang Yitong are planning to mortgage their current shops again when they find suitable real estate, and then buy more properties in the future.
These people are all top talents, so Chen Hong no longer worries about them. As long as there is a good opportunity to have some soup with them, she will be very satisfied.
Chen Hong: Taking a ride-sharing service is still pretty great!
This time, Chen Hong also called her sister and told her about the rolling loan method for buying a house. But the fact that she was able to take the plunge and buy two houses with loans is a huge leap in her thinking.
The couple has just finished paying back the money they borrowed from Fang Yitong's family. They haven't finished paying off the loans from Chen Hong and the bank, and they don't have the guts to mortgage their house again to buy another property.
Forced relationships are never sweet. Since her sister and her husband thought this way, Chen Hong decided not to add any more psychological burden to them. She knew exactly what kind of person she was dealing with.
The shortcut has already been shown to them; if they don't seize the opportunity, Chen Hong won't have anyone to blame later. For ordinary office workers, owning two properties is already quite good.
Even if the couple divorces again, at least my sister will have her own place to live, unlike in her previous life.
Having worked in Beijing for half my life, I have no place to stand, no roof over my head, and I have to move every few years, renting places to live.
Let's wait and see in a couple of years. If there's a chance, I'll secretly encourage my sister to get another private property. Women should love themselves. This is Chen Hong's realization from two lifetimes.
My sister and her husband are doing well now; they haven't reached the point of their past life. If I say too much to her now, it would be seen as trying to sow discord between them and would also damage the relationship between the two sisters.
During the few days Chen Hong spent in Beijing running around getting paperwork and permits, her younger sister also took some time to come to the courtyard house with her child to help Chen Hong with the farming. In fact, the front and back yards together only had about one-tenth of an acre of land, which Chen Hong could finish farming in less than half a day.
But this wasn't her hometown in the countryside, and she didn't have any tools at home; Chen Hong had gotten them all from hardware stores in the suburbs.
During the day, Chen Hong tilled the soil, and at night, while her younger sister was not staying there, she transplanted two pomegranate trees and two jujube trees from her spatial storage.
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