Chapter 245: Don’t blindly expand when entering the real estate market…
Chapter 245
In November 1982, the country promulgated the Patent Act to align with international standards.
The state encourages domestic enterprises to apply for domestic and international patents and reduces fees.
A large number of patents have been applied for for traditional Chinese medicine prescriptions.
Lin Mujin immediately asked her assistant to hand in all the information prepared by the factory and only apply for domestic patents.
Because the international patent application has been completed.
At the same time, various small household appliances were launched, shipped and became popular.
She doesn't have any extraordinary business skills.
First, the small household appliances under her brand are very good-looking and are ranked among the best in the world.
She has made a great contribution to this, after all, she has some vision of future generations.
Second, technological innovation makes it more convenient to use and focuses more on user experience.
Third, except for air fryers, other small household appliances are allowed to be OEM by European and American brands.
With these three tricks, how could it not be popular?
"A Zheng, we have a lot of money now." Lin Mujin said to Qin Zheng seriously.
Qin Zheng scratched his head. "We've invested one million yuan in digging wells for small cities in the northwest, and we've also invested another three million yuan in building Xingyao Hope Primary Schools in impoverished provinces."
Lin Mujin was worried, "Spending is so slow. Has the government's joint venture to build a port and highway yielded any results?"
Qin Zheng nodded fiercely. "The city leaders are very optimistic about it and are already holding a meeting to study it. It shouldn't be a problem for it to be approved. By the way, the city leaders hinted that I could enter the real estate industry. I know you're not interested in real estate, so I didn't agree immediately and only said I'd consider it."
Lin Mujin thought about the unfinished buildings and common areas in the future and didn't want to get involved in this mess.
Qin Zheng was feeling distressed again. "Leaders from other military regions have also contacted me recently. It seems the country is planning a major military reduction."
Lin Mujin didn't expect the time to be advanced. "They also want you to help resettle some veterans?"
Qin Zheng nodded, "Yes. Our factory can accommodate some of them now, but the number is still too small."
Lin Mujin guessed it immediately, "You want to go into real estate."
It is an affirmative sentence, not a question.
Qin Zheng was a little short of breath. "Ajin, don't be angry. After thinking about it, I think only the real estate industry can accommodate a large number of people, and the threshold is not high."
Lin Mujin touched his ear and said, "I'm not angry. Real estate is indeed a golden industry in the future. It will thrive for at least 30 years. However, it will also be a mess. Because it's so profitable, many people have rushed into the real estate industry, and the quality of buildings is uneven. If you make a real estate company too big, we may not be able to fill the holes in the future."
A two trillion dollar hole in a certain place makes me shudder just thinking about it.
Qin Zheng was very convinced of Lin Mujin. "What do you mean, Ajin?"
Lin Mujin lowered her eyes and pondered for a moment. "We entered the real estate industry, but only in the form of a large group with small teams, to engage in healthy internal competition."
Doing so will ensure that there is no blind expansion.
Each team is responsible for its own profits and losses.
"We only focus on mid- to high-end products, focusing on brand and quality, and we also do property management, which can better accommodate personnel."
Qin Zheng nodded repeatedly after listening.
"We still have to give some suggestions to the higher-ups." Lin Mujin did what she wanted to do.
Get some paper and pen.
First, the country should strictly examine the qualifications of real estate companies and not allow a rush of them to enter, as the common people will be the only ones who suffer in the end.
Second, do not allow pre-sale properties because the consequences are serious, especially after banks are allowed to conduct lending business.
Lin Mujin described it in great detail and gave an example.
Citizen A emptied out the wallets of six members of his family and made a down payment on an 80-square-meter house to be used as a wedding house. However, the new house will not be delivered for another two years, and he has to pay the bank 300 yuan every month.
In fact, his monthly salary is only enough to pay off the bank loan, so he has to rely on his parents for his daily life.
The whole family lived a tight life, but they were still very happy as they looked forward to the new house.
But a year and a half later, bad news came: the developer ran away with the money.
It turned out that he lost a lot of money in gambling, and used bribery to convince bank executives to get the supervisory funds, and then ran away abroad.
The building was only half built and became an unfinished building.
The people were told that they could not get the house, but they still had to repay the bank debt every month.
The government and banks failed to supervise effectively, and relevant leaders were criticized, while the families of ordinary people who bought houses were stuck in a quagmire.
Qin Zheng frowned, "Ajin, this is too unreasonable. It's clearly the bank's fault."
Lin Mujin spread her hands, "Didn't they criticize and educate or demote the relevant leaders?"
Qin Zheng frowned in confusion. "It made a mistake, so why should the buyer pay back the money?"
Lin Mujin shrugged. "One thing is one thing. This money was borrowed by the people and the bank. Borrowers must pay it back."
Qin Zheng continued to shake his head, "But I haven't got the house yet."
Lin Mujin sneered, "That's the developer's problem. What does it have to do with my bank?"
Qin Zheng argued, "That's because your bank's supervision is inadequate."
Lin Mujin: "So the relevant leaders have been punished."
Qin Zheng was so angry that he turned into a puffer fish.
Lin Mujin couldn't help but burst into laughter. After she calmed down, she continued, "A Zheng, if you're so angry, you know what I wrote is very likely to happen, because ordinary people are the only vulnerable group."
I always pick the softest persimmons to squeeze.
Qin Zheng sighed, "Yeah, it's so annoying as soon as I get in."
Lin Mujin soothed, "Okay, okay, don't be angry anymore. This is just my speculation, it won't necessarily happen. And didn't I write a suggestion? Even if there are pre-sale properties and bank loans in the future, as long as the government is willing to strengthen supervision, the problem won't be too serious."
Qin Zheng nodded, "I hope so."
Lin Mujin continued to write the third point, saying that we should not follow Hong Kong’s example and blindly introduce the concept of common areas.
…………
Lin Mujin wrote three long pages in a very eloquent manner.
Qin Zheng stayed with him the whole time. "It seems the real estate industry is a bit tricky."
Lin Mujin folded the paper and said, "As long as we keep our original intention, the depth of the water is not a big deal to us. I'll hand it in to the municipal government tomorrow. I heard that the secretary is going to be promoted."
Qin Zheng nodded, "The Ministry."
Lin Mujin raised the corner of her mouth. "That's great. Should he be promoted to mayor?"
Qin Zheng continued to nod, "Nothing unexpected will happen. The Special Zone needs stability, so there shouldn't be an airborne attack."
Lin Mujin praised, "You are quite good at being an official."
Qin Zheng deliberately said modestly, "It's just average, just average."
Lin Mujin said, "Since you want to work in the construction industry, then hurry up and recruit people. The chief engineer who built our building before was very good, and Weng Nuan can also be considered one."
Qin Zheng said directly, "Why don't we just set up a headhunting company to find talents for us?"
Lin Mujin thought about it and it really made sense. What is the most valuable thing in the 21st century? Of course, it is talent. This is what Uncle Li said, and it is definitely true!
"sure!"
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