Losing Money to Be a Tycoon

Chapter 1130: Saw A House I Like

After quickly researching the situation in the nearby district, Pei Qian immediately went out and hailed a taxi.

He decided to buy it as soon as possible.

He was not worried about the rise and fall of the price of the houses. The hundreds of thousands of yuan was not enough for Pei Qian to worry about.

It was mainly because Pei Qian felt that he was a single-thread person. He could think of good solutions only when he focused on one thing at a time. However, it was very difficult to deal with many things when they were all piled together.

That was probably a key reason why it was so difficult to lose money.

When Pei Qian saw that a new project was on fire, he wanted to start another project so that the chances of failure would be higher. However, he did not expect to start so many projects that he could not even remember them, much less manage them one by one.

In the end, these departments rob Peter to pay Paul and make more money.

What a sad story.

Thus, Pei Qian was more inclined to solve these troublesome matters as soon as possible. Once he solved them, he would quickly clear his brain.

This time, Pei Qian changed out of his suit and wore a very ordinary casual outfit. He also changed his mask to ensure that no one would recognize him.

What if people saw Boss Pei buying a house here?

Pei Qian did not expect the house he bought to appreciate.

That was because the increase in property prices was considerable to others but it was not high to him.

A 120 square meters house, even if it went from an average of 8,000 yuan to 10,000 yuan in a year, that was already very high, right? However, the overall increase was only 240,000 yuan.

Even if Pei Qian were to take advantage of the System, he would be able to earn hundreds of thousands of yuan in half a year. Didn’t he only earn eight hundred thousand yuan in the last cycle?

Compared to this income, an increase of 240,000 a year was not much of a temptation to him. This chapt????r is updat????d by Firᴇ

What’s more, Pei Qian bought this house to live in. Even if it did appreciate, it was unlikely that he would sell it for money. There was not much meaning to it.

The most important thing was that this news would cause the surrounding property prices to rise.

That way, the shops that Tengda had just bought...

Wouldn’t that be taking off on the spot?

Pei Qian was only buying one house. The total price was only a million yuan. Based on the 25% increase, it would only be two to three hundred thousand yuan at most.

On the other hand, Tengda Corporation had bought half a street of shops on the snack street. Their total value was more than 60 million yuan.

If it increased by 25%, that would be 15 million yuan!

At that time, the System Funds would increase by 1.5 million yuan. That meant that the upper limit of Pei Qian’s incomes would automatically decrease by 1.5 million yuan.

It would be even less worth it if the increase was greater.

If it was increased by 50%, he would be able to earn about five hundred thousand yuan on paper. However, he would lose three million yuan from the snack street.

They would realize that it was not profitable!

Thus, Pei Qian had to think of a way to not let others know that he had bought a house here. He also did not want the property prices to skyrocket. Th1s chapter is updated by n)ovel/\bin/\

Half an hour later, the taxi stopped.

Pei Qian did not go to the snack market. Instead, he went north by another street. This area was relatively new.

The old industrial zone was tighter on land planning. There were no new districts for sale this year. There were only second-hand houses. However, they were all second-hand houses. There were old houses that were thirty to forty years old, and relatively new houses that were three to five years old.

The district that Pei Qian was looking at was the newest building in this generation. It had only been built last year. The overall environment was not bad. It was a distance away from the snack market, but not very far. It was still acceptable.

At this range, it was alright to walk over and eat something, but it was very difficult to bask in the light.

Coincidentally, there was a real estate agent shop nearby. Pei Qian walked straight over.

He might not have a good impression of these intermediary companies but there were many things to do and work was very busy. Pei Qian could not trouble his own employees to help so he could only look for these intermediary companies that he did not like.

What’s more, the more stupid ones were the leaders of these companies. These intermediaries might indeed have some unreliable intermediaries who were full of nonsense for the sake of commission, but most of them were just employees who wanted to support their families. Thus, there was no need to be too hostile.

“Hello, sir. Are you looking to rent a room?”

An intermediary in the shop saw Pei Qian enter and immediately walked up to him.

The popularity of the snack market has increased recently. As intermediaries, they had also benefited a lot.

Recently, many people have come all the way from various places in Jingzhou. Some came to see houses and wanted to buy second-hand houses or shops. Some people who worked nearby also planned to rent houses here.

He looked at Pei Qian’s age. He looked quite young, like a university student. He was probably here to rent a house.

Pei Qian said, “I’m here to buy a house. Do you have a house in the Auspicious Garden? About 150 square meters.”

The intermediary perked up when he heard that he was here to buy a house.

“Buy a house? Please take a seat! I’ll get you some water.”

Soon, the intermediary began his performance.

“I think you must have heard that the prices of nearby houses are going to rise, so you want to invest in a property, right? I have to tell you, the houses in the Auspicious Garden are not worth it!”

“The houses in this area actually don’t have a particularly good appreciation attribute. It was only after Tengda Corporation opened the snack market recently and improved the living conditions in the vicinity that it showed signs of appreciation.”

“However, the ones with the fastest appreciation are all the good districts near the snack market. They either have school districts or are especially close to the snack market.”

“Shall I recommend a few districts that will appreciate faster? To be honest, the housing supply in these districts is very tight. There are not many owners who are willing to sell them. As long as the prices are suitable, they would basically be bought out very quickly.”

“If you buy a house in this district, your investment would be more profitable.”

“Or if you don’t mind, let me introduce the nearby shops to you? The shops in the best location might have been bought long ago, but we can still try some shops that are close.”

“Of course, I have to be honest. The places that I recommended are all relatively expensive. However, the prices are high and they are rising quickly. Think about it.”

The intermediary’s words had the same meaning: this Auspicious Garden might look alright, but there was no room for appreciation.

On the other hand, the districts that had been hyped up to 8,000 to 10,000 yuan or the shops nearby had more potential for appreciation.

Pei Qian sniggered inside.

He knew too much about the shops.

The first layer of shop near the snack street had already been bought by Tengda. They could either buy it or sign a long contract. They would definitely not be able to buy it. The second layer of shops had also been bought by Boss Li and the investors.

Even if there was a third layer of shops, they might be bought by other people who heard about it.

Even if Pei Qian were to fork out money now, he would probably only be able to buy the fourth or fifth tier shops. These shops were already too far away from the snack street. How could they still appreciate?

What’s more, the few places introduced by the intermediary were all quite popular. The prices were all very high. To Pei Qian, they were all bubbles. He would be buying the house for the sake of living, not for investment or speculation. There was no need to touch them.

Looking at the young intermediary, Pei Qian guessed that he did not understand these things. He was only introducing them according to the current market situation. Thus, Pei Qian was not too angry. He was just too lazy to argue with him.

“I’ve already taken a liking to this house in the Auspicious Garden District.”

The intermediary heard Pei Qian’s impatience and quickly nodded. “Alright, alright. I’m just reminding you.”

“What do you think of this house, then? I think it’s a more suitable one for the Auspicious Garden.”

“It is unfurnished. According to the owner, he had not stayed in this house since it was handed to him last year. It’d be more worth it in terms of price. However, the owner has a condition: you have to pay the full sum. He needs cash.”

Pei Qian was a little surprised. “Oh? He obtained the keys last year but had neither renovated nor lived in it?”

It sounded strange. Ordinary people would probably prepare for renovation immediately after buying a house. Why was it empty for nearly a year?

The agent smiled. “Isn’t that normal? He didn’t just buy this one house.”

“The owner seemed to have bought three apartments in the same district. Not only this district, but there are also houses in other districts. I’m not sure how many there are.”

At this point, he lowered his voice slightly. “Back then, the developer had been promoting this Auspicious Garden when they were selling buildings. He said that this district has a school district planned. A key primary school and middle school nearby would definitely be set up here.”

“They have been using the school district’s houses to hype it up both in the open and in the dark. In addition, the traffic in the vicinity is quite good. It’s a new house, and it’s not bad in all aspects. Thus, many people came to buy it, including some for property speculation... ahem, investment, and other appreciation values.”

“As you know, these are all developers’ tricks.”

“Before selling, they boasted that there would be a school district here, but it was impossible to include it in the contract. They only hinted at it in the open and in the dark. By the time the owners realized that there was no school district at all, they had already bought the house. There was no way to complain.”

“If you want to say that the district developers are faking publicity, they are also playing the game of marginalization. They are only hinting to the salespeople in the open but not directly in the contract. What can they do?”

“The property prices will naturally fall once the owners realize that it is not a school district.”

“This is the situation with the seller. He has three rotten apples in his hand and is eager to sell them.”

“The property prices in Auspicious Garden have finally warmed up a little recently so he wants to sell it quickly. The reason why he requested for the full sum was mainly because the procedures for the loan were too slow. He was afraid that the situation would change before he obtained the money.”

“Of course, if you really want to live on your own and don’t care about the appreciation potential of the house, I think you can consider this house.”

Pei Qian could not help but become silent.

Good lord, all tricks.

The developer had falsely advertised the apartments and the rotten apples tied a speculator down.

At the moment, there were no restrictions on purchase in Jingzhou. There were still some speculators who bought more houses even though there were not as many as in other cities.

To Pei Qian, buying an unfurnished house was quite appropriate. That would save him the trouble of having to renovate if the renovations of the previous owner were not satisfactory or the quality was too poor.

What’s more, he could negotiate the price if he paid the full amount. That was more in line with Pei Qian’s requirements.

“Alright, bring me there. Arrange a meeting with the seller if it is satisfactory.”