Chapter 8 The rise and fall of house prices
At around five o'clock in the evening, Li Luo took the bowls and chopsticks to the dining table and sat down.
After the high school entrance examination, Lin Xiuhong and Li Guohong asked a few questions.
After realizing that he couldn’t get any reliable answers from Li Luo, he didn’t bother to bother anymore.
Anyway, the results of the high school entrance examination will be released at the end of the month, which means that in about two weeks, this matter will be settled.
No matter whether he can reach the minimum score of Pugao or not, they, as parents, will definitely try their best to send Li Luo to Pugao.
After thinking about this clearly, the two of them stopped worrying about this matter and turned to more important things at the dinner table.
"As I mentioned to you last night, Wei Dongrong talked to me again today." Li Guohong smacked his lips while eating the vegetables and said to his wife, "His project sounds pretty reliable. , it is said that many relatives have voted. Are you going to inquire about it in the past two days?"
"Do you really want to vote?" Lin Xiuhong frowned.
On the one hand, this is a project done by Zhang Xuefen’s arch-enemy husband.
On the other hand, the money at home was originally intended to be used for other things.
So Lin Xiuhong was still a little hesitant: "You have to think clearly, our family is no better than theirs, our family's wealth is just this."
"Yes, I know." Li Guohong nodded, "So We still have to be cautious and ask more, we can’t just listen to their words.”
“Even if this project sounds good, if we plan to invest money, we will definitely invest 100,000 yuan at the beginning. Water."
"If the follow-up is really reliable, we will consider the follow-up investment."
"That's not bad." Lin Xiuhong still frowned, "But... ...Where is your brother-in-law? Didn’t you say before that you planned to take over their house?” For months, the house prices in Yuhang City have been falling. If you take over the deal at this time, what if the house prices don’t rise in the future?”
Hearing these words from his parents, Li Luo subconsciously stopped eating. action.
Especially when he heard the last part, he couldn't help but twitch the corner of his mouth.
In his last life, his father talked to him about investing in real estate projects, but he never mentioned to him that the family had plans to buy a house back then!
It is still 2014. In the next five or six years, housing prices in Yuhang City will rise sharply, from an average price of around 12,300 yuan to a maximum of over 25,000 yuan.
Some prime locations are even ridiculously expensive.
If the family had not invested in cousin Wei Dongrong’s bullshit project and instead used the money to buy a house, the return on investment would have been much more exaggerated than anyone knows.
When he thought of this, Li Luo suddenly had a toothache.
"I remember...isn't Grandpa Third's house in the village?" Li Luo asked tentatively in a low voice, "They want to sell the small villa that was demolished in the village?"
"That's definitely not the case. "Li Guohong looked at his son speechlessly, "That's the ancestral home, how can it be sold? It's a house on the edge of the Yin River."
"On the edge of the Yin River?" Li Luo blinked. Blinking, thinking for a moment, he asked, "Isn't that the place next to the No. 1 Middle School?"
"Yes." Li Guohong nodded, "When your cousin was admitted to the No. 1 Middle School, Their family bought a school district house there for him to live in while studying. "
"It has been two or three years since graduation. Your cousin plans to study abroad, which will cost a lot. If they don’t have enough money, they want to sell this apartment.”
“After all, it doesn’t cost them much to rent it out, and they have to change tenants frequently, which is very troublesome.”
Li Luo nodded clearly after hearing this, and probably understood the reason.
So my parents thought that housing prices might fall again, so they chose that real estate project with a stable return on investment?
“And the location of that house is too remote.” Li Guohong continued to talk and analyzed for them, “The school site of the No. 1 High School is originally close to the suburbs.”
“Let’s Yinjiang District is originally in a remote direction in the northeast of Yuhang City, and the No. 1 Middle School is located in the northernmost part of the Yinjiang River, six or seven kilometers away from the most prosperous area of Yinjiang District.”
“If it weren’t for it. It’s close to Qianjiang University and the No. 1 Middle School, so it’s considered a school district house. Otherwise, who would buy it?”
“Besides, it’s not like you can go to these two schools just by buying a house. Do you have to rely on your true ability to pass the exam? "
Li Luo could understand what Li Guohong said.
After all, the area to the north of Yinjiang District is still in the urban-rural fringe stage. Many factories are located in it. There are many outsiders working there, and the environment is very mixed.
But Li Luo knew it very well.
About half a year later, Yinjiang District began to plan the area to the north.
In two years' time, there will be a subway line running from the center of Yuhang City to the northern suburbs of Yinjiang District.
Affiliated No. 1 Middle School and Qianjiang University are the terminal stations of the subway.
At the same time, the area south of Qianjiang University will become the Times Tianjie commercial district with a huge flow of people in the future.
House prices nearby also soared into the sky like a rocket, soaring from just over 10,000 to more than 20,000.
As for all this, ordinary people in Yinjiang District are still unaware of it.
It is impossible for people of status like Li Guohong and Lin Xiuhong to have access to more information. Naturally, it is difficult to imagine the rapid development of the northern part of Yinjiang District in the future.
But in Li Luo's eyes, it was a huge treasure!
Thinking of this, Li Luo immediately started working on his brain, recalling bits and pieces of the past, hoping to find some usable information to convince his parents.
At least let them hesitate about Wei Dongrong's project.
So a few minutes later, when Li Guohong and Lin Xiuhong continued to talk about this matter, Li Luo interrupted again: "Dad, let me ask you a question."
"What's wrong?" Li Guohong was stunned for a moment, then turned to look at his son.
“I remember the subway at South Station is about to open, right?”
“Yes.” Li Guohong nodded, “It should be this summer vacation. You don’t need to drive in the future, just take the South Station. You can get to the city by subway in half an hour."
"Will the subway continue to extend its lines in the future?" Li Luo continued to ask with a very innocent expression.
"It's unlikely." Li Guohong frowned, "Our Yinjiang District is already remote, so it would be nice if the subway can reach South Station."
"But..." Li Luo also frowned, with a puzzled expression on his face, "Dad, do you know the deputy monitor of our class?"
"What's wrong?"
"It's that Shao Heqi." Li Luo said He said with a serious face, "His father is an official."
"Oh, I have a bit of an impression." Li Guohong was slightly stunned. He had met him at the school's parent-teacher conference before.
“Then do you know?” Li Luo said in a coaxing manner, “Shao Heqi mentioned it before when he was showing off in the class. His family recently bought a house in the No. 1 Middle School, and he said that he would definitely do it in the future. Can make money.”
"Huh?" Li Guohong raised his eyebrows, being attracted by Li Luo's words, "How do you say it?"
"We were also curious, so we asked." Li Luo blinked, " He said that his father had revealed that the subway at South Station would be extended to three or four stations in the future, and the terminal station is likely to be Qianjiang University."
As soon as these words came out, Li Guohong and Lin Xiuhong lost her voice for a moment.
Both of them were digesting the news. After looking at each other, Li Guohong couldn't help but ask: "Did you hear it correctly? Did your classmate really say that?" "Yes." Li Luo nodded. He nodded with a determined look on his face, and then asked curiously, "I remember Dad, didn't you say before that after the subway was built at the South Station, housing prices increased a lot."
"Just now you said that the house that Third Grandpa's family wants to sell is over there in the No. 1 Middle School, and I just remembered this."
"As for Shao Heqi, their family bought a house in the No. 1 Middle School. Many people in the class know about this, Ying Chanxi, have you heard what he said?"
Ying Chanxi, who was eating obediently on the side, recalled Li Luo's question immediately, and then Nodding: "Well... I think I said it at the beginning of the year."
That must have been said.
After all, Shao Heqi said this specifically while standing at Ying Chanxi's table and deliberately bragging to other boys.
Ying Chanxi didn't know there was a ghost.
But.
Shao Heqi definitely didn't say anything about the subway. Li Luo only said it with added jealousy.
But when Li Luo asked Ying Chanxi, he asked whether Shao Heqi's family had bought a house there.
It felt to Li Guohong and Lin Xiuhong that the Shao Heqi family really knew where the subway would be extended in the future.
I suddenly got my parents into this logical trap, which made them a little excited.
To know.
In the past six months, the overall housing prices in Yuhang City have been slowly declining.
But at Yinjiang District South Station, due to the opening of the subway line, the surrounding housing prices have not fallen but have risen.
The house price of Grandpa Li Luosan’s house is now only about 10,000 yuan, while the house price near the South Railway Station subway station has now risen to about 15,000 yuan.
It is one of the few prime locations in Yinjiang District that has not fallen along with the market.
If in the next few years, the subway line will be connected to the No. 1 Middle School and Qianjiang University, wouldn’t the house of the third grandfather’s house also have great potential?
If the house price rises half as much as that around the South Railway Station, the income will be far more attractive than the ten points per year interest rate offered by Wei Dongrong.
However, neither Li Guohong nor Lin Xiuhong are impulsive people.
Especially when these words come from the mouth of a child like Li Luo, you should consider them carefully.
Buying a house is not as good as investing. Their current total wealth is only six to seven hundred thousand, which they have saved hard over the past ten years.
Wei Dongrong's investment is not bad, the minimum investment is only 100,000, and the risk is not that big.
Once you decide to buy a house, even if it is the second-hand house in the third grandfather's house, the price will be cheaper because you are anxious to sell it.
But for Li Luo's family, they still need to borrow a mortgage to afford it.
A down payment of 600,000 to 700,000 yuan, and then a mortgage of at least one million yuan.
It would be okay if house prices rise in the future.
If house prices fall, it will be a heavy blow to the whole family.
And once you take on a mortgage, the financial pressure on your family will naturally increase, and you need to pay more attention to your daily consumption.
"If that's true, then it's not impossible to get the suite at your uncle's house?" Lin Xiuhong hesitated for a moment and said to Li Guohong.
“Let’s take a look.” Li Guohong frowned and was a little unsure, “Anyway, I must go and take a look at Wei Dongrong’s place, it’s all agreed upon. "
"As for my brother-in-law, let's go check it out in a few days and ask if there is any news about the subway."
That's what Li Guohong said. I didn’t expect to find out anything about the subway line planning.
This kind of news is not something that people of their level can obtain in advance.
If even he can find out, it means that many people in Yinjiang District should already know.
On the contrary, there is no news at all. Li Luo's classmate Shao Heqi's family has bought a house in the No. 1 Middle School. They also threatened that they will definitely make money in the future and that the subway will be extended there.
The more this kind of news is kept silent on the surface, the more it seems true to Li Guohong.
As for Li Luo, he didn't talk any more at the moment.
As a child, it is enough to say this.
Any more words of encouragement may have the opposite effect.
Today's testing is enough. I will slowly test my parents' opinions later on, hoping to dispel their idea of investing in my cousin's real estate project.
"Alas...it would be nice if Li Luo could live up to his expectations." Lin Xiuhong chatted for a long time and suddenly said, "If you can get into the attached first middle school, your father and I will treat you like three If you buy the apartment at your grandpa’s house, you can stay there while you go to school.” It only takes a few minutes to walk, which is very convenient. It also saves you having to live in the dormitory with others."
When Li Luo heard this, he immediately rolled his eyes, and his thoughts that he originally planned to calm down changed slightly, and then he coughed. Twice: "Can't you have some confidence in me? What if you really pass the exam?"
"Ha." Li Guohong laughed angrily at what he said, "If you really have the ability to pass the exam, I will buy a house without saying a word! If you are so determined, why can't your parents agree to it? "
Li Luo raised his eyebrows when he heard what his father said, but he didn't get any more excited.
These words from my parents should be of some use after the test results come out.
Thinking of this, Li Luo felt a little more relaxed.
The family continued to eat, and when they were full after six o'clock, Li Luo got up obediently, took the plate and went to the kitchen to wash the dishes.
"The sun has risen in the west?" Lin Xiuhong looked at Li Luo in surprise, "Why are you so positive today?"
"Of course my son is sensible." Li Luo said thickly. She turned her head and said, "So, Mom, when will you give me the pocket money for the summer vacation?"
"Get out." Lin Xiuhong rolled her eyes, "If you talk about this after washing the dishes, I will not care. Here you go."
The mother and son were bickering across the kitchen door, while Ying Chanxi silently entered the kitchen and washed the bowls with Li Luo.
After the kitchen was cleaned up, Li Luo patted Ying Chanxi on the shoulder and said to her: "Can your computer be used? Lend it to me later."
"Oh "Ying Chanxi nodded, "But don't play it too late, or your mother will talk to you again."
"You are more lenient than my mother." Li Luo curled his lips, "Just say. Let’s go to your home to study.”
"Only ghosts believe you."
(End of Chapter)