When the inspection team from Vancouver came to investigate, their first priority was to ensure that Huachu Future was a legitimate company and not a fraudulent shell company. Huachu Future had a very large business scope, which reassured the aunties.
"Xiao Zhou, your house is so beautifully built! I wish we had houses this nice in Wenzhou!"
"Exactly! When are we going to build a property development in Vancouver too!"
“Xiao Zhou is still acquiring land in Nanhai, and he’s developing dozens of residential communities together. He doesn’t have time to come to Wenzhou!” Ji Kai said with a smile. “But if you have a house you like, you can tell them. I’ve negotiated a discount with them. As long as you buy a house, you can get the group purchase price and even get a free trip.”
Many business owners have been working for over a decade without a break, and this is their first time visiting the South China Sea.
The weather and environment in the South China Sea left a deep impression on them.
Chu Yu also found local farmhouses, local dances, and locals to take them to water sports, treating all the elders to a very good stay.
After two days of hospitality, the people from the following plane arrived.
Chu Yu sent them the house information, told them to choose the floor and the unit number they wanted to buy, register it on the form, and then line up to go to the accountant to pay.
"Xiao Zhou, I'm optimistic about your business here. I also think you have a good eye for things. I'm planning to buy four apartments here this time!" Boss Cao came to find Chu Yu. Relying on his good relationship with Ji Kai, he always liked to secretly inquire about information from Chu Yu. "But, Xiao Zhou, tell me the truth, when do you think the real estate market in Nanhai will rise?"
Chu Yu wouldn't stoop to cheating people. "Boss Cao, let me tell you the truth, it will probably skyrocket in about two years. If you need cash flow, don't put all your money in. If you don't need the money and don't want to keep it in the bank, you can buy a few more houses and keep them in hand. You can also wait two years and see if I'm lying to you."
Since it's an investment property, Mr. Cao certainly doesn't expect to recoup his costs immediately.
However, he needed to know in his heart that he needed Chu Yu to give him a definite answer on when the house could be sold.
Chu Yu seemed very sincere, and Boss Cao believed what she said.
"Xiao Zhou, your Uncle Cao believes in you. If you say two years, I'll wait two years."
"It will rise in two years, and reach a high price in three years. Uncle Cao, remember this well: when you feel you have made enough profit and reached your target price, you can sell the house. Don't try to sell at the highest point; greed won't make you money."
Mr. Cao understood what she meant, and after thinking it over, he gritted his teeth and bought five sets!
Five houses would only cost 800,000 to 900,000 yuan. I could pay part of it myself and take out a bank loan for the rest.
The bank is offering high loan amounts at very low interest rates. Mr. Cao thinks that his income is quite stable and he can easily repay the bank loan.
What's more, Chu Yu offered a group purchase price, which saved several thousand yuan per house. Boss Cao really benefited!
Five houses aren't too many; he'd be happy as long as the value doubles.
He listened to Chu Yu and decided to wait a few years before selling, and stop once he got a good price. He really wasn't greedy.
Other business owners, seeing that Mr. Cao bought five properties at once, felt they hadn't bought enough. They didn't like to take out loans to buy houses and preferred to pay in full. However, taking out a loan allowed them to buy more properties. In the end, some bought three, some bought five or ten, and some families even got caught up in the competition, each buying more than the last.
Chu Yu found the business owners in Wenzhou to be quite interesting.
They always invite their relatives to participate in good things, but the relatives then compete with each other for the best spots.
"However, Mr. Cao, I heard that 'group buying' is popular in your Wenzhou area. Did you get ripped off?"
Mr. Cao didn't believe in money laundering, but his wife was a big believer and always wanted to give the money in the family to the people involved in money laundering in exchange for high interest.
"I wasn't scammed, but quite a few people have joined the fraud ring."
"Boss Cao, and all the other elders, listen to my advice. This association is a Ponzi scheme. It uses the money from later members to pay the interest of earlier members. As a result, the risk for those who join later is very high. When the chairman can no longer pay the high interest, the whole association will collapse! Please don't be fooled by this group of people."
Some business owners did indeed join the association.
“I have 500,000 in there.”
"I have 300,000."
"I have 250,000."
Everyone was talking at once, sensing something was wrong. Some people around them said it was a scam, but seeing others making money, they couldn't resist the temptation and put their money into the scheme.
But Chu Yu had no grudge against them, and since he was far away in the South China Sea, he couldn't possibly be lying to them.
“A few years ago, there was a case in Beijing where a mutual fund absconded with people’s money. Many people invested their entire life savings and ended up losing everything. Their families were broken up and some even died. We’re telling you that if you have money, you can leave it in the bank. There’s no need to be fooled by these people. We’ve earned enough. There’s no need to think about that little bit of interest that doesn’t belong to us.”
Chu Yu's earnest advice resonated with many business owners, and many decided to withdraw their money after returning home.
"Xiao Zhou, if I get the money back, I'll come back to Nanhai to buy a house!"
"Xiao Zhou, you're a really good person, we all believe in you!"
Everyone bought their desired houses, and not a single customer left empty-handed. That evening, Qin Weidong calculated the accounts. The average expenditure for the Wenzhou house-buying group was around 500,000 yuan. They rented small planes, each capable of carrying over a hundred people, so two planes would carry less than three hundred people.
Some of these families had two members, and when they calculated it out, they actually earned nearly 100 million!
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