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Chapter 8 House Prices Rise and Fall(1/2)

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.

By then, regardless of whether they have reached the minimum score required by Pugao, 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 matters 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 vegetables and said to his wife, "His project sounds quite reliable. It is said that many relatives have

If you vote, will you go and inquire about it in the next two days?"

"Do you really want to vote?" Lin Xiuhong frowned.

On the one hand, this is a project undertaken 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 inquire more. We can't just listen to what they say."

"Even if this project sounds really good and we plan to invest money, we will definitely invest 100,000 yuan to test the waters at the beginning."

"If the follow-up is really reliable, we will consider pursuing the investment again."

"That's true." Lin Xiuhong still frowned, "But... what about your brother-in-law? Didn't you say before that you planned to take over their house?"

"I did think so before." Li Guohong said helplessly, "But as you know, housing prices in Yuhang City have been falling in recent months. If we take over the deal at this time, what if the housing prices don't rise in the future?"

After hearing these words from his parents, Li Luo subconsciously stopped eating.

Especially when he heard the last part, he couldn't help but twitch the corner of his mouth.

In his previous 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 be in a period of rapid growth, 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 hadn't 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 we know.

Li Luo suddenly felt a toothache when he thought of this.

"I remember...isn't Third Grandpa'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? What's for sale is a house on the edge of the Yin River."

"By the Yin River?" Li Luo blinked, thought for a moment, and then asked, "Isn't that the place next to the No. 1 Middle School?"

"That's right." Li Guohong nodded, "When your cousin was admitted to the No. 1 High School, their family bought a school district room there for him to live in."

"It's been two or three years since graduation. Your cousin plans to study abroad later, which will cost a lot of money, so they are thinking of selling this apartment."

"After all, it doesn't cost much for them to rent out the property, and they have to change tenants frequently, which is very troublesome."

Li Luo nodded clearly after hearing this, and probably understood the reason.

So at the beginning, my parents thought that house prices might still fall, 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."

"Our Yinjiang District is originally in a remote direction 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 close to Qianjiang University and the No. 1 Middle School, it would be considered a school district house. Otherwise, who would buy it?"

"Besides, you can't go to these two schools just by buying a house. Don't you have to rely on your real ability to get into them?"

When Li Guohong said this, Li Luo could understand.

After all, the area to the north of Yinjiang District is still in the urban-rural fringe stage. Many factories are located in it. Many outsiders work there, and the environment is very mixed.

But Li Luo knew it very well.

About half a year later, Yinjiang District began planning 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 a Times Street commercial district with a huge flow of people in the future.

The housing prices nearby also soared into the sky like a rocket, soaring from just over 10,000 to more than 20,000.

And all this, in the current Yinjiang District, ordinary people 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 future development of the northern part of Yinjiang District.

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 we have to make 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, I want to 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?"

"That's right." Li Guohong nodded, "It's probably just this summer vacation. From now on, you don't need to drive. You can just take the subway at South Station and you can get to the city 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. It would be great if the subway can reach South Station."

"But..." Li Luo also frowned, with a puzzled expression on his face, "Dad, do you know the vice president of our class?"

"What's wrong?"

"That's Shao Heqi." Li Luo said seriously, "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 seductively, "Shao Heqi mentioned it before when he was showing off to the class that his family recently bought a house in the No. 1 Middle School, and he said that he would definitely make money in the future."

"Huh?" Li Guohong raised his eyebrows, his attention attracted by Li Luo's rhetoric, "How do you say it?"

"We were also curious, so we asked." Li Luo blinked, "He said that his father had revealed the news. It is said that the subway at South Station will be extended by 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 were silent for a while.

The two of them were digesting the news. After looking at each other, Li Guohong couldn't help but ask: "Did you hear that right? Did your classmate really say that?"

"That's right." Li Luo 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 have 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, many people in the class know that his family bought a house in the No. 1 Middle School. Ying Chanxi, you have also heard what he said, right?"

Ying Chanxi, who was eating obediently on the side, heard Li Luo ask her, immediately recalled it, and then nodded: "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.

All of a sudden, my parents were lured 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 over at Yinjiang District South Station, due to the opening of the subway line, housing prices in the surrounding areas have risen instead of falling.

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 areas in Yinjiang District that has not fallen along with the general market.

If in the next few years, the subway line will be connected to the First Affiliated 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 it does 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 since these words were only spoken from the mouth of a child like Li Luo, you should consider them carefully.

Buying a house is no better than 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 okay, the minimum investment is only 100,000, and the risk is not that big.
To be continued...
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