Year: I had a good time when I was young

Chapter 830 Reserve Cash to Buy at the Bottom
After talking about Hong Kong Island, we have to talk about Japan.

From the 60s to the 70s, it was a period of rapid economic growth.

Otherwise, Chu Xiangqian would not be able to make an annual profit of over 2 million US dollars, or even over million US dollars in the future, even if he transports coal, steel and livestock from Nippon every year.

Of course, when China uses coal to pay off the more than 1 million US dollars it owes Chu Xiangqian, China will actually be the one that makes the most money.

But this also shows that Japan is really not short of money in this era.

In the early 80s, the Japanese were so arrogant that they threatened to buy the entire Taiwan.

The total market value of real estate in Kyoto is even higher than that of all of Magnesium.

Although Kyoto's real estate has been highly hyped, it also shows that the past ten to twenty years have indeed been the most prosperous twenty years for Japan.

Office workers in Kyoto's business district must take a taxi when they go out.

Golf has also moved from being a sport only for the wealthy to a popular social sport that any small company executive can afford.

Of course, most of the expenses were reimbursed by the company, but this also shows that Nissan did have money in those years.

Although it is only 64, Japan has already westernized long ago, so its acceptance of diamonds is naturally stronger than that of Southeast Asia.

Although Zheng Yutong wanted to sell the $3000 million worth of diamonds slowly, his wife said that it would be safer to sell half of them early and get the cash back, and he could also use the money for other investments.

Not to mention, after selling the 3 million US dollars worth of diamonds, Chu Xiangqian still has to pay 1500 million.

If it drags on for too long, Chu Xiangqian might be dissatisfied.

And since Chu Xiangqian can come up with so many diamonds, he must have channels to come up with more diamonds.

The faster you sell, the more you can earn.

Zheng Yutong immediately felt that what his wife said was the right choice.

So the price he sold to jewelers in Kyoto, Singapore and Seoul was not expensive.

Moreover, 1 carat and 2 carat diamonds are the mainstream consumption in the market and are actually quite easy to sell.

But now, Chu Xiangqian believed that Zheng Yutong would definitely increase the price. After all, his shipping price was several points lower than purchasing from South Africa.

However, Chu Xiangqian reminded Zheng Yutong again, "It is better to be cautious in real estate investment in the past two years."

Zheng Yutong nodded without hesitation, "I understand. I will definitely reduce my investment in this area and keep more cash on hand."

Chu Xiangqian then smiled with satisfaction and said, "It seems that even if I don't tell you, you should know what to do."

Zheng Yutong understood and bowed to thank him. He was just taking advantage of the drop in housing prices to buy at the bottom.

But when will the market fall to the bottom? That will be a real test of one’s vision and judgment of the economy.

Chu Xiangqian knew that after the confidence crisis among banks in Hong Kong Island the next year, housing prices would indeed fall sharply, and many people would simply sell their houses and properties and leave Hong Kong Island to move abroad.

But next year will not be the worst time for the decline. In two years, Hong Kong Island’s housing prices will plummet again.

This time the prices have really fallen to the point where no one is interested in buying many houses, and even more people are moving overseas.

Therefore, if we start buying at the bottom next year, all those short-term speculators will lose a lot of money.

It will take 70 years for housing prices to recover. The interest losses each year from those who take out loans to speculate in real estate will be enough to bankrupt many short-term speculators.

Only people like Chu Xiangqian, who have plenty of cash and don't care about short-term fluctuations, have the qualifications and ability to specialize in acquiring properties in prime locations starting next year.

After all, the more prime the location, the less likely the owner is to sell. So as long as someone sells it next year, Chu Xiangqian doesn’t have to worry about what the housing prices will be like in a few years. He can just buy it directly.

Zheng Yutong saw that the opportunity to buy at the bottom was right in front of him, so he naturally wanted to know when the housing prices would fall.

"Mr. Chu, do you think housing prices will fall this year or next year?"

Chu Xiangqian shook his head after hearing this and said, "I'm not God. I can only say that the current housing prices are indeed much higher than normal levels.

According to the economic development trend, price correction is inevitable.

Maybe one day, after a building is sold, housing prices will no longer be able to hold on and fall.

Or maybe one day the Hong Kong government will feel that housing prices are rising too fast and come up with a restrictive policy to bring housing prices down.”

Zheng Yutong thought about it and quickly nodded.

Chu Xiangqian naturally would not say that the drop in housing prices was due to a bank run, but when Aiyuan, who was standing next to him, heard this, she immediately became anxious.

In the past two years, influenced by Feifei, whenever she and her sister-in-law had money, they basically used it to buy stores.

Fortunately, when the words came to her lips, Aiyuan knew that now was not the time to ask, so she had to force herself to hold them back.

Xue Jinglan also began to worry. At the end of last year, her husband spent 4510 million Hong Kong dollars to buy three buildings and a 5000-square-meter flour mill to build an electronics mall.

If the housing prices fall again, wouldn’t that mean that my man has lost money?

But for Chu Xiangqian, a temporary decline is not a problem at all.

He is investing in the long term, and he is not even speculating in real estate. Instead, he is buying properties as heirloom assets.

Otherwise, why would he put the building and factory of the electrical city under Chu Jingrong's name.

Isn't it just to avoid paying real estate gift tax or inheritance tax in the future?

No, maybe my beloved son is in his seventies or eighties and his health is not as good as mine.

Thinking of this, Chu Xiangqian thought that he should take advantage of the fact that Chu Jingrong was only one year old and still ignorant, find a few opportunities, wait for him to fall asleep, and take him into the Novice Village.

Just think of it as taking him hunting, playing for a day, and then bringing him back to reality when the kid falls asleep again.

During this period, I took the opportunity to add a few more points to his physical fitness?

Otherwise this kid will really walk ahead of me in the future.

As soon as this thought came to his mind, Chu Xiangqian became a little anxious, but he quickly suppressed it.

There is no point worrying about what will happen seventy or eighty years later. It is better to think more about how to give him a stable environment and let him grow up happily.

And it’s hard to say whether this kid will be on the same page with me in the future.

There are a lot of dirty things in wealthy families. Even fathers and sons turn against each other for money and power.

I will definitely have many children in the future, and even more grandchildren and great-grandchildren. It is impossible that all of them will live as long as I do, right?

If everyone were to grow old and immortal like me, there is a chance that my children might become a nuisance in the future.

So being normal is the right choice.

However, Chu Xiangqian had also made up his mind that after each of his children was born, he would upgrade them to level 5.

Treat everyone equally. As a father, I will not be partial to anyone in this matter, so I can feel free of any burden. The advantage of adding 5 points to the physical constitution is that you don't have to worry about the baby getting sick when he is young.

From the time Chu Jingrong was born until now, he has never been sick, not even having a headache or a fever.
-
At 11 o'clock in the morning, Chu Xiangqian had been at Zhou Dafu's main store for three hours and rejected Zheng Yutong's invitation to have lunch together.

He said hello to He Zanyuan and three other people with the surname He, as well as Nie Wanlong and other guests he knew, then got in the car with his wife and sister and went back to the big house on the top of the mountain.

After he left, at least half of the guests followed suit and said goodbye. Zheng Yutong saw them off with a smile on her face, but cursed in her heart.

The other members of the Zhou family also realized that most people were actually coming for Chu Xiangqian.

Unfortunately, when this guy arrived, he just got to know everyone and shook hands, and then only spoke to Zheng Yutong, He Chaosheng, He Zanxian and He Zanyuan.

Others who wanted to join in could only chat with him for a few more words at most, and then they would find that not only Chu Xiangqian had lost interest in conversation.

Zheng Yutong, He Chaosheng, He Zanxian and He Zanyuan would also stare at that person, obviously telling him to stop.

Even Zheng Yutong's father-in-law only chatted with Chu Xiangqian for less than 5 minutes before he found himself being diverted by the three people with the surname He and gradually ran out of things to say.

However, Zheng Yutong stole the limelight today. Not only did Chu Xiangqian go with him wherever he went, it was also obvious that Chu Xiangqian really liked him.

Moreover, there are 42.5 tons of gold as reserves for Chow Tai Fook, which makes today's guests envious.

The efforts of several generations of his family were not as valuable as the gold that Chu Xiangqian took out casually. Just thinking about it made him discouraged.

Since she couldn't get along with Chu Xiangqian, of course she directed all her envy and jealousy towards Zheng Yutong.
-
On the way back to the top of the mountain in Chu Xiangqian's car, Aiyuan and Xue Jinglan had been holding back for a while, but finally couldn't help but started asking about the fall in housing prices.

Chu Xiangqian and Xue Jinglan only said that they were not short of cash, and that the three buildings and the flour mill they bought last year were all long-term investments.

Moreover, the electronics mall now makes a profit of 10 to 20 million Hong Kong dollars every year, so the sooner you open, the sooner you can make money.

Therefore, whether the housing prices fall or not in the future will have no impact on me, so I just try to appease my wife.

As for Ehime, Chu Xiangqian frowned and thought for a moment before saying, “From a ten- or twenty-year long-term perspective, housing prices will definitely rise and fall, but overall they will definitely rise more.

As long as I keep the stores, there will be no problem in increasing the value tenfold in 10 years.

It is normal for the price to increase by 20 to 30 times in 20 years.”

When these words were spoken, not only Aiyuan and Xue Jinglan were surprised, but even Zhang Tianzhi and Zhou Billy, who Chu Xiangqian did not deliberately avoid, were secretly wondering whether they should start buying stores and keep them next year or the year after?

As personal bodyguards, Zhang Tianzhi and Zhou Billy have killed people before, so in Chu Xiangqian's mind, there is really no need to avoid them when it comes to making small amounts of money.

I even specifically told them to wait until house prices really fall, then wait three to five months, and then buy a suitable store they like, regardless of whether the price goes up or down in the next few years.

Zhang Tianzhi and Zhou Billy nodded and thanked him.

Chu Xiangqian continued to say to Aiyuan, "If you and Feifei want to take advantage of the opportunity to make a fortune, then sell all the stores you have at a high price at the end of the year.

Wait a year or two and buy it back.

However, housing prices have rebounded and are expected to increase by 2% to 3% every year like last year and the year before. I guess it will take at least three or four years.

After all, if the market falls too much, most citizens and investors will lose confidence.

It is normal for ordinary people to wait and see for a few years, but by the time housing prices really start to pick up, investors like me will have already bought what they should have bought a long time ago.

We are ready and waiting for ordinary people to come in and take over."

Aiyuan was stunned when she heard this, but when she thought about it carefully, it seemed to be just as her elder brother said.

After sighing, he muttered "black-hearted capitalist", but Chu Xiangqian laughed it off without caring.

He said to Aiyuan, “You speak as if you are not a capitalist. This world has always been a place where big fish eat small fish, and small fish eat shrimp.

When you and Feifei cash out at a high price at the end of the year, those who take over will definitely scold you two."

Aiyuan's expression suddenly became twisted, but the little girl was smart to begin with. After a little thought, she said, "Brother, how about I sell my store and Sister Feifei's store to those annoying guys who have been pestering me for the past few months?"

Chu Xiangqian knew that the annoying people Aiyuan was talking about were the rich young men who were pursuing her.

However, although these guys were pursuing something, they were actually very honest, otherwise, Zhang Tianzhi would have sent someone to cause trouble for them, without Chu Xiangqian having to ask for help.

Even cause trouble for their own fathers.

Chu Xiangqian thought about it and shook his head, "It's not necessary, those guys may be stupid, but they are very well behaved.

If you cheat them, it would seem that you, the eldest daughter of the Chu family, are acting unscrupulously.

If their father comes to me to complain, it will be difficult for me to trouble those guys in the future.

If you don’t want to cheat ordinary people, then sell it to the guys who specialize in real estate speculation. Since you dare to speculate in real estate, the gains and losses all depend on your vision and ability. "

Aiyuan curled her lips, but she dared not disobey Chu Xiangqian's words.

However, this also reminded Chu Xiangqian, and he said to Zhang Tianzhi that he would visit various martial arts gyms tomorrow.

If there are suitable female disciples, I will recruit a few more and provide them with special training by paying them salaries, and they will take turns to follow Ehime in the future.

Zhang Tianzhi naturally agreed without any objection.

However, including the female apprentice who might be recruited tomorrow, he already has fifteen or sixteen bodyguards who are being trained and paid.

These people are trained regularly, and when Chu Xiangqian or Zhang Tianzhi feel it is necessary, they will be sent out to protect the Chu family.

Chu Xiangqian had previously specially arranged for someone to protect Ehime for several months.

After she had been back in Beijing for half a year, the security was withdrawn, leaving only four people who took turns following her in their cars on weekdays.

Aiyuan didn't mind her elder brother arranging someone to follow her. After all, she was not in a relationship and didn't have many friends in Hong Kong Island.

On a daily basis, I either go to art stores to look around, or go to wood factories.

If you feel tired from work, just go to the Peak or stay at home in Wan Chai for a few days.

I seldom have dinner or play with friends.

I spend more time with Feifei, and it can be said that life is still very monotonous.

But she didn't think there was any problem at all. When she was at the forest farm, she had to cook and take care of her younger brother Ai Min every day.

Even quarreling with the aunts and the little girls at the forest farm was considered a kind of fun. Life was much more monotonous and bitter than it is now.
-
After settling the Eyuan issue, Chu Xiangqian told Xue Jinglan that he would use the 3 million US dollars tomorrow, and return the money to her and Chu Jingrong's fund account after the horse racing auction in March.

Xue Jinglan naturally had no objection and even asked if he was still short of money as there were still more than 6 million Hong Kong dollars in the Chu Fund that had not been used.

He even whispered that he only found out today that the two large diamonds Chu Xiangqian gave him were each worth more than 1500 million US dollars.

The meaning is obvious. If the money is not enough, just mortgage the two diamonds.

Chu Xiangqian rolled his eyes after hearing this. No matter how short of money he was, he would never fall to the point of having to sell the jewelry to give to his wife.

(End of this chapter)