Rebirth 1983: Starting from taking back the family property.

Chapter 585: Money is the most practical
The Hang Seng Index was very interesting this time. It had a single-day plunge of 11% and a single-day surge of 9%. It went up and down like a roller coaster, but the Hang Seng Index was generally declining.

The ups and downs of the Hang Seng Index this time had a huge sequelae, that is, many people doubted the economy and future of Hong Kong. For a while, many consulates in Gang were overcrowded, and these people came to inquire or handle immigration procedures.

If you want to immigrate, you will definitely have to deal with your property, which has resulted in salespeople in major sales offices being idle and dozing off, while real estate agencies are overcrowded with people who visit real estate agencies all want to sell their properties.

As the wave of immigration started, some people took the opportunity to spread rumors, and even the media got involved, saying that the rich people had fled, and that only the poor would be left in Hong Kong, and the economy would be sluggish. It was a vicious cycle, and even some people who had previously stood firm began to waver in fear.

Yu Meitong called Lu Jiaxin and said, "Boss, the housing prices have dropped by 30% now. Do you think it will be true that the houses in Hong Kong will be worthless in the future as the newspapers say?"

Hong Kong houses are not worth money? If it were in the future, many people would think it was a big joke to see such news. But being in the middle of it, Lu Jiaxin knew that many people believed it. First, many British and foreign companies did relocate, and second, they did not trust the mainland government.

Because of fear, many middle-class or wealthy people try to immigrate to the city, but when they come back after 10 or 20 years, they find that they can no longer survive in the city.

Lu Jiaxin didn't say anything to comfort her, but only told her one thing: "From the funds of Xinxin Real Estate, keep 50 million for daily turnover, and I plan to use the rest to purchase properties and hoard land."

Her right eyelid twitched, and she was worried about a disaster, so she sold some of her properties and stock futures just in case. Unexpectedly, the stock market crashed, and the property market also collapsed. You should know that the big stock market crash two years ago did not have a big impact on the property market, which fell less than 20% and then rebounded. But now it has fallen by 30%, and it is still falling due to the immigration wave and the influence of those unscrupulous media.

Lu Jiaxin is very confident about the future of Hong Kong City. She would definitely buy at the bottom if she encountered such an opportunity. She told Chen Ming two days ago to let them take over all the properties they liked.

Yu Meitong understood immediately that Jiaxin thought that the Hong Kong economy would not be sluggish and the property market would continue to be hot: "Jiaxin, I have more than 300,000 yuan in my hand now. When do you think it's a good time to buy a house?"

Lu Jiaxin is not a fortune teller, so she doesn’t know when the bottom will be: “It has fallen by 30% now, that’s about it.”

Chen Ming and several vice presidents have all been out recently, trying to acquire the properties, land and industrial buildings they like. Because the mainland has relaxed its policies, many factories in Hong Kong have moved there, where the land is cheap, the labor is cheap, and the cost is much lower.

The same is true. Many industrial buildings in Hong Kong are now vacant. Now the government has also changed the relevant policies. Developers can demolish and reconstruct industrial buildings after purchasing them. Of course, there are definitely many procedures to be completed, which is the job of the staff below.

Yu Meitong immediately found the phone number of the real estate agent after hanging up the phone, called him and said that she wanted to buy two houses of about 500 square feet. As an office worker, she knew that senior white-collar workers preferred to rent a one-bedroom apartment.

Recently, the real estate agent has been receiving business for selling houses, and there are very few business for buying houses. When he heard that she wanted to buy two single apartments, he immediately told her three residential communities, all of which were in good locations and had good supporting facilities.

After Yu Meitong asked about the housing prices in these communities, she smiled and said, "I have something to do today, so I'll go and look at the houses at 10 a.m. tomorrow."

The three communities recommended by the agent were all priced at 3,450 yuan per square foot before, but now the price has dropped by 30% to only around 2,400 yuan per square foot. If she buys two units, she will need to prepare a 20% down payment, which means she will need to prepare around 500,000 yuan.

"No problem, no problem."

Yu Meitong only had 350,000 yuan in her hand, and she still needed more than 150,000 yuan for the down payment of two houses. Who should she ask for help? Of course, she would ask her dear mommy.

She took half a day off in the afternoon and went home. She had learned her lesson now. Every time she went home, she would buy something that Mr. Yu and Mrs. Yu liked. This time, she bought cigars for Mr. Yu and her favorite sushi for Mrs. Yu. But she didn't expect to find her father and brother and sister-in-law were all there when she got home. She suddenly felt uneasy. It was just that she had been working in the workplace for two years, and she was not as showy as before.

Yu Meitong greeted her family with a smile, and then served them cigars and sushi.

Her brother and sister-in-law looked at her unfriendly. This sister had been away from home for more than half a year since she broke off the engagement. Now she was as cunning as a monkey. Every time she came back, she would use sweet words to coax her parents/father-in-law and mother-in-law, either by giving them jewelry or money.

Yu's father thought that the company would be given to his two sons in the future, and the company would be the biggest source of income. It would be okay to give his daughter more pocket money if she was obedient. Yu's mother felt sorry for her because she had to work hard outside, and her son made her feel disappointed, so she always subsidized her now. In this way, Yu Meitong has eight houses under her name so far.

After Meitong sat down, Yu's father said, "Meitong, you came back just in time. The family is now discussing whether to immigrate. You have a good relationship with Mrs. Hu and Miss Lu. Have the Hu family and Nie Zhan made any moves recently?"

Yu Meitong said yes and kept silent. When she was abandoned by her family, she realized that it was foolish to talk about family affection in this family, and talking about money was the most practical.

Father Yu knew from her expression that she would bleed today, otherwise the girl would not say anything: “The 3,600-square-foot villa in Shouson Hill is for you.”

He has two villas in Shouson Hill, one is the one mentioned above, and the other is over 6,000 square feet. Now the housing prices are falling, and the luxury houses have fallen sharply.

The eldest and second brothers looked unhappy, and her two sisters-in-law were also very dissatisfied, thinking that the appetite of this sister-in-law was getting bigger and bigger. However, Yu's father had a lot of power at home, so they didn't dare to refute even though they were dissatisfied.

Yu Meitong said: "Hu Zhifeng wanted to hoard land, but Mr. Hu was too old and wanted to be safe, so he didn't agree. Didn't Miss Lu sell a large number of properties last month? She used all the funds she got back to hoard land and buy high-quality properties."

As for what Nie Zhan was doing, she didn't know. But Jia Xin must have obtained his consent to spend so much money to buy land and properties.

Father Yu hesitated after hearing this: "According to what you said, they are still optimistic about Hong Kong City."

Brother Yu said, "Dad, Miss Lu came from the mainland, and I heard that she donated a lot of money in the mainland in recent years. And the Hu family, the uncle of his son-in-law Su Heyuan is a senior official in the mainland. With such a relationship, they are not only not afraid, but also hope that Hong Kong will return soon!"

Yu Meitong said nothing.

Father Yu did not let her go and asked, "Meitong, what do you say?"

Yu Meitong was unwilling to give her opinion. Anyway, she had no share in the company, so it had nothing to do with her whether it was good or not. But the old man gave her a villa, so she was willing to say a few more words: "I am doing well in Wufu Jewelry, and I don't plan to change jobs. Going to a place where I am unfamiliar with the place, whether doing business or working, is definitely more difficult than here."

Yu's father was undecided.

(End of this chapter)