Siheyuan: Forgive me!I Xu Damao is willing to support the whole hospital

Chapter 269 I Fry the Land in Xiangjiang

Seeing Lou Xiaoe and He Yushui's terrified expressions, Xu Damao couldn't help laughing,

Xu Damao decided to teach them a good lesson and improve their understanding.

The logic of real estate is to create something out of nothing, a white wolf with empty hands, even in the 21st century.

Of course, other industries are also created out of nothing, but in industry and agriculture, storytelling depends on one mouth, and it is difficult to hide the truth from shrewd banks and fund managers.

And the developer's storytelling is backed by a piece of land, and the story sounds much more credible.

Xu Damao still remembers the process of a foreign country manipulating by gods.

Fanli Citigroup of Citigroup first borrowed 100 million US dollars from Citibank, built a house, and then issued bonds with the house as collateral to make a high valuation. Ten thousand U.S. dollars.

Then Fangli Citigroup took another 100 million US dollars plus hundreds of thousands of interest, and returned it to Citibank in its own country, leaving a total of more than 300 million US dollars.

Next, repeat this operation, take a house built with 300 million U.S. dollars, and go to Europa to mortgage 1500 million U.S. dollars...

Of course, this kind of brainless bond will definitely not be sold to Citigroup's domestic brokerages, and Citigroup's domestic brokerages will pretend to be unable to buy them and are very angry, and they will also claim that they have hired killers to assassinate Fang Li. chairman.

Under the exaggerated valuation of Citigroup and the tricks of Citigroup brokerages, this kind of brainless bond was listed on Europa in a grandiose manner, and it was frantically snapped up.

In fact, how do Europa brokerages know what's going on?As long as one fund has a brain stroke and buys the bond, then other funds will follow suit.

In the process, the fund bought insurance for its own income, and even the insurance company was cheated.

So in the end Fannie Citibank did go bankrupt, but did Europa take the house it built?

So Europa Fund decided to go bankrupt and liquidate as soon as possible, and sell this pile of houses cheaply to reduce losses.

The local people said that they couldn't afford a house, so Europa had to cut the price by half and sell it with tears!
So looking back at the result, Europa spent several trillions to build cheap and high-quality houses for the people of Citigroup. It was pure blood sucking!
After Xu Damao told the story to Lou Xiaoe, Lou Xiaoe's eyes widened.

He Yuzhu was also fascinated by what he heard, and wondered why such a good thing still exists in the world!

Xu Damao said: "This thing is called credit expansion. Go to a bookstore and buy a book about capital operation and read it yourself. As long as you convince others, you can do anything. In business, what we all consume and buy and sell is not Your own credit!"

He Yuzhu said: "According to you, doing business is all about pretending and cheating?"

Xu Damao said: "We are responsible businessmen, just a small expansion of credit, this is called reasonable use of investors' expectations..."

He Yuzhu used his brains and came up with a bold idea, that is to invest the money from the mortgage of the factory land in Xiangjiang!
To put it bluntly, Xiangjiang Bank sees it as an expectation, and will only lend money because of expectations.

It's like a pawn shop keeper pawning things off. If you use a glass bead for a fish's eye, he'll have no choice but to think he's out of luck.

Xu Damao said: "Silly, you have become smarter, that's the reason. You're right, let's use the money to speculate on the land in Causeway Bay!"

Silly Zhu felt very itchy, and asked for leave within a few days, and came to Xiangjiang with Xu Damao.

Director Li heard about this, took You Fengxia with him, and insisted on following.

Xu Damao welcomed him very much, because Director Li brought the 200 mu of land of the rolling mill.

Although the location of the rolling mill is a bit poor, it is not a problem to mortgage a few thousand yuan per mu.

Xiangjiang is a world of flowers and flowers, and Shazhu came here with Xu Damao, and he couldn't help but open his eyes.

Xu Damao reminded him that we are here to do business.

Director Li, You Fengxia and Xu Damao came to the bank and showed their identities and land certificates. The bank manager was delighted and lent Director Li 100 million yuan.

Now Xu Damao has a total of 210 million, plus Director Li's 100 million, a total of 310 million!

He Yuzhu suddenly felt the pleasure of being a rich man, so he asked Xu Damao if there was a footwashing room here.

Xu Damao said: "Silly Zhu, if you are arrested, I will not save you."

A few of them came to Causeway Bay and found that many people were selling their land and shops.

what happened?Xu Damao was puzzled.

It turns out that housing prices in Xiangjiang have plummeted recently, and many people panicked, thinking that housing prices will never rise again.

As a result, rich people in Xiangjiang sold their houses to cash out and went to Citigroup, while a certain rich man surnamed Li was taking the opportunity to buy bottoms.

Xu Damao has money, so of course he is not to be outdone!
此时是1970年，一平方英尺最贵的地价不到2000块。2平方米等于10.8每平米英尺，折合每平米2万元，而半年后就能达到5万元！
Xu Damao said in his heart, isn't this just picking up money for nothing?Let me have a good time first!
Xu Damao and other four people swept the road along the street to see if there were any shops for sale.

An Uncle Jinshan, wearing flip-flops and holding his trouser legs, came here from Citigroup to speculate in real estate, and was about to evacuate Xiangjiang,

He set up a stall and was selling his row of shops in tears.

Xu Damao's eyes lit up, this is Russell Street, the most expensive area in Xiangjiang in the future!

"Did the time pass smoothly?" Xu Damao asked in his unfamiliar Hong Kong dialect.

"It's not going well, my mother is sick in San Francisco, my scalp hurts, and my heart is worried! It's a bit of a loss!" Old man Jinshan said helplessly.

"How much does it cost?" Xu Damao asked
"It's a 3-piano room! How much is it for you!"

"Hundreds of them!" Xu Damao casually smiled.

Hundreds, that is, millions!
Abo's jaw almost dropped, and he said in surprise, "Did you make a mistake? Dai Luyan! Wow, boss, you are so rich!"

Xu Damao thought it was funny, and said relaxedly: "It's so-so, it's drizzle!"

Abel grabbed Xu Damao's sleeve, and said earnestly: "Boss! I'm going to buy a fan house first! Buy it!"

"Old man, the wild ones in the house are so expensive! Let's order!"

Xu Damao was moved by Uncle's enthusiasm, mainly because the price was really cheap, so he bargained and finally bought [-] shops in his row of eight shops.

"Can this make money? We are doing business on behalf of the factory. If we lose money, we will be fired!" Director Li asked worriedly.

"Don't worry, after half a year, it's guaranteed to double!" Xu Damao said confidently.

Xu Damao began to search for shops everywhere. As long as the location was good, he bought more than 160 such shops with 50 million yuan.

In this era, a 40-square-meter house in Xiangjiang only sells for 2 yuan, so Xu Damao bought 150 or [-] sets of second-hand houses of different sizes in Tsim Sha Tsui, Tuen Mun, Mong Kok and other places, and the boss only spent [-] million Yuan.

Not a cent of the 310 million spent was left. Xu Damao remembered that his family still had 50 registered capital, plus 60 in profit.

Xu Damao told Lou Xiao'e to quickly remit the 60 yuan, and bought more than 30 houses in Kwai Tsing and Chaiwan districts.

(End of this chapter)