Chapter 129 Mortgage
"Are you really planning to move to Hua'an Garden?"
Wang Xiuren leaned against the head of the bed, holding a newspaper in his hand, but he couldn't concentrate on reading.
"Let's take a look first! Hua'anyuan is the last retreat." Lin Qiu was unsure.
"If we really want to move in, we have to redecorate the house again." Wang Xiuren sighed. How could he have forgotten that his daughter would grow up!
Alas, it seems there was a reason why I failed to get into high school back then!
You are so stupid!
Lin Qiu looked up at him, and when he saw the newspaper in his hand, his eyes flashed.
"Let me check the newspaper to see if I can find a slightly cheaper house. A second-hand house is also fine."
"Buying a house at this time?" Wang Xiuren was so surprised that the newspaper fell on the quilt. "House prices have been falling. Isn't buying a house at this time just throwing money into the water?"
"Didn't I tell you to take a look first? Then buy it if the price is right!" Lin Qiu rolled his eyes at Wang Xiuren who was making a fuss.
"Just think about it, how much has the housing price increased since we came to Pengcheng?"
"How could I not know!" Wang Xiuren knew it very well.
Take the Jinxiu Garden where we live now for example. I bought it for only RMB 60,000 in 1993, but now you can’t buy it even for RMB 300,000.
In just four years, housing prices have increased more than fivefold.
“But house prices are falling now!”
Wang Xiuren pointed to a page in the newspaper and showed it to Lin Qiu, "Look, everyone is selling their houses!"
"We want to buy it because the price has dropped." Lin Qiu took the newspaper in his hand.
Thinking of the sky-high prices of houses in Pengcheng, Lin Qiu excitedly grabbed Wang Xiuren's hand and asked, "Do you believe in our Chinese government?"
"Isn't this nonsense! I definitely believe in the government!" Wang Xiuren felt that the question Lin Qiu asked was a bit strange.
"Now that housing prices have fallen so much, many real estate companies have gone bankrupt and banks have also been hit. The government will definitely not sit idly by!" Lin Qiu vowed.
"Will it?" Wang Xiuren was skeptical.
"We have to trust the government. The leaders will definitely not allow this economic crisis to continue." Lin Qiu gave Wang Xiuren an affirmative look.
"We have limited money, and we definitely can't afford to buy at the current housing prices, so we have to buy when the housing prices fall, and this time we want to buy a big one to avoid the same situation as today in the future."
Lin Qiu felt like a pyramid scheme leader trying to brainwash Wang Xiuren.
After a long while, Wang Xiuren looked at Lin Qiu carefully before speaking: "How come you know so much now? You talk about these policies in a set way."
"Hey, isn't this what I read at the newsstand every day when I have nothing to do?" Lin Qiu said somewhat unnaturally.
Fortunately, there is still the newsstand as an excuse!
Otherwise I really don’t know how to explain this. You can't say that you were reborn from your previous life, right?
Wang Xiuren didn't notice it, staring at the newspaper thoughtfully, "It seems I have to read more newspapers and books."
Seeing this, Lin Qiu immediately climbed up the pole and asked, "So you agree to buy the house?"
Wang Xiuren waved his hand, "Let's wait and see. When the housing prices stop moving, we'll buy. During this time, we should read the newspapers more and pay attention to the news in this regard."
"We still have to prepare in advance!" Lin Qiu felt that he couldn't just wait. "I'll ask Dad to go to those buildings tomorrow to see what's going on."
"That's fine! It's always a good idea to take a closer look. Besides, Dad has a long-term view of things." Wang Xiuren is very confident in his father-in-law's vision. "By the way, how much money do we have on hand?"
"More than 90,000, but less than 100,000." Lin Qiu goes to the bank once a month, so he knows the family's savings very well.
"It's still too little!" Wang Xiuren sighed, "If we calculate it at 4,000 yuan per square meter, 100 square meters will cost 400,000 yuan."
"I don't have enough money! The mortgage for Hua'anyuan still has three years left. If I take out another mortgage, won't the monthly repayment pressure be too great?" Lin Qiu also felt that he did not have enough money.
"I'll ask Ah Xing tomorrow to see if there are any other methods."
"That's fine too!"
The next night, Wang Xiuren came back drunk.
"Why did you drink so much?"
Seeing him staggering, Lin Qiu quickly supported him and walked towards the bedroom.
Wang Xiuren was still conscious, "Brother Adada is here too."
Lin Qiu knew Adago. Not only did he introduce the construction site to Wang Xiuren, but he also helped arrange the house in Hua'anyuan and the household registration for the family of three so smoothly.
"Is Brother Adada okay now?" Lin Qiu asked with concern.
"He's worried about not being able to sell the new property he invested in!" Wang Xiuren sat down on the bed, leaning against the headboard.
"Alas, there were not enough houses to sell last year. Who would have thought this would be the case this year!" Lin Qiu also felt that current affairs were not at all under human control.
"The bank is also urging him. Do you know how much he owes the bank?" Wang Xiuren forced himself to sit up straight.
"How much?"
"More than 10 million!" Lin Qiu screamed softly.
Those who engage in real estate often start with billions, and the working capital for big businesses has always been obtained through bank loans.
Brother Adada lives in a big villa, drives an imported car, and always goes in and out in a very grand manner. Who would have thought that such a big boss would have so much debt?
More than 10 million, Lin Qiu couldn't imagine it at all, and couldn't help but take a breath, "How can he sleep at night?"
"He's sleeping so soundly! And he's even snoring!" Wang Xiuren couldn't understand it either.
"How do you know?" Lin Qiu looked at him puzzled.
"Ah Xing told me!"
"Why do you men always talk about these things?" Lin Qiu felt that men were such a boring bunch.
"What else? Are you still talking about having children?" Wang Xiuren changed the subject. "Ah Xing and Adage both said that we can go to the bank for a mortgage and just pay it back on time."
"Mortgage? Mortgage the house?" Lin Qiu followed his topic.
"Yes." Wang Xiuren rubbed his forehead, "I'll go to the bank for consultation tomorrow."
"Okay, I'll make you a cup of honey water. Drink it before you go to sleep!" Lin Qiu said and walked out.
Wang Xiuren leaned against the head of the bed with his eyes closed and said nothing.
…
The next day at noon, Wang Xiuren touched the property certificate in his pocket and walked to the bank nervously to ask the service desk staff: "Hello, comrade! Which window should I go to for consultation on applying for a loan?"
The staff at the service desk said to him enthusiastically: "Wait here for a moment. I'll get you a number. When your number is called, just go directly to window 4!"
Wang Xiuren seldom comes to the bank, and this is the first time he knows how banks in Pengcheng operate.
He carefully held the piece of paper given to him by the staff, and was worried that he would not hear his number being called, so he found a seat in the first row and sat down.
When his number was called, he quickly walked to counter No. 4 and spoke carefully: "Hello, I'd like to consult about the loan procedures."
The salesman glanced at him and replied expressionlessly: "Loans require collateral."
Wang Xiuren quickly took out the property certificate and carefully smoothed out the creases. "Yes, there is a house in Jinxiu Garden."
The houses in Jinxiu Garden are commercial properties and are still very valuable.
The salesman then looked up and sized him up: "How much do you want to borrow? How long will it last? What will it be used for?"
Wang Xiuren just wanted to inquire, and asked somewhat embarrassedly: "Do you have any detailed information? I want to take it back and discuss it with my wife."
The salesperson curled his lips and pointed to the stacks of documents on the counter, "Take it yourself!"
Wang Xiuren didn't care about the salesperson's cold voice. He carefully put away the property certificate, then took one copy of each document and folded them neatly before walking out of the bank.
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