Chapter 1075: Rural Absurd Past Events Chapter 1075: Afraid You Can't Handle It

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Protagonist:

Li Xiulan

Seeing Wang Dashan so surprised, Hu Wanjia felt Wang Dashan was making a fuss over nothing and couldn't help laughing: "I'm talking about houses in core areas, not remote suburbs. For remote suburbs, 8 million in capital is more than enough to operate ten houses, equivalent to using 800,000 per house. Many suburban houses don't even need 800,000 for a down payment — just around 500,000 — leaving 300,000 for mortgage payments, then selling when they become sellable, possibly without even needing to mortgage. But remote suburban houses aren't interesting to play with; they don't appreciate as fast as core areas."

"I'm talking about houses in core areas, not remote suburbs. For remote suburbs, 8 million in capital is more than enough to operate ten houses, equivalent to using 800,000 per house. Many suburban houses don't even need 800,000 for a down payment — just around 500,000 — leaving 300,000 for mortgage payments, then selling when they become sellable, possibly without even needing to mortgage. But remote suburban houses aren't interesting to play with; they don't appreciate as fast as core areas."

Wang Dashan broke into a smile upon hearing this:

"Put that way, if I flip remote suburbs, or even second- and third-tier cities, with 8 million plus various mortgages, could I flip thirty to forty units?"

Hu Wanjia was momentarily stunned.

He looked Wang Dashan up and down:

"Your ambition isn't small. But I feel that aside from core areas of first-tier cities, there's no need to flip other regions — not even first-tier city suburbs."

"Housing prices have been rising continuously, right? Why is there no need to flip?"

Wang Dashan was puzzled.

From the information he could access, housing prices had been rising for who knows how many years.

From a few hundred yuan per square meter in the eighties and nineties, to several thousand later, to now tens of thousands per square meter at the drop of a hat.

In this country, housing prices have never fallen.

No sign of any decline is visible either!

Hu Wanjia smiled:

"Second- and third-tier cities, and first-tier city suburbs, have too large a bubble. If housing prices ever fall, prices in these places will absolutely crash miserably, while core areas of first-tier cities are always hot commodities — no matter how much they fall, they won't fall far, so the risk is relatively smaller."

Wang Dashan slowly nodded upon hearing this.

But in his heart he didn't agree.

He felt that with the country's development and urban expansion, suburbs might well become city centers in the future.

Take today's Tianhe District, Zhujiang New Town — decades ago that was still a desolate, uninhabited suburb, yet now it's become the core economic zone of Guangzhou.

While the former city centers Liwan District and Yuexiu District are losing economic vitality.

Although housing prices remain high as ever, the properties have long been locked up, with virtually no transaction volume.

So the opportunity actually lies in first-tier city suburbs, or potential areas of second- and third-tier cities.

Third-tier cities have a chance to rise to second-tier, second-tier cities have a chance to advance to first-tier.

Most importantly, second- and third-tier cities have no purchase restriction policies!

Operating space is huge!

Convenient for a house-flipping novice like him to operate!

That day after work, returning to the postpartum center, Wang Dashan discussed his idea of flipping houses with Miss Du again, and also told Du Xiaojuan about consulting Hu Wanjia on flipping methods today.

Du Xiaojuan frowned upon hearing this:

"The risk here is huge; I'm afraid you can't handle it."

Du Xiaojuan knew her own husband's capabilities very well.

Back when Wang Dashan ran Shanhai Real Estate, after struggling for several years it was barely surviving, earning just a few hundred thousand in small money was already very strenuous.

But flipping houses requires heavy capital investment, and the capital recovery cycle is very long.

With Wang Dashan's ability, it's indeed very hard to master this industry.

Because this line isn't traditional business; it's more like a financial operation of passing the parcel.

However, seeing Du Xiaojuan's attitude, Wang Dashan wanted even more to prove himself.

"I know there's risk, but if others can handle it, I definitely can too. Besides, I used to be a real estate intermediary, so I know the property industry very well — this gives me a natural advantage when flipping houses."

Du Xiaojuan said:

"If you really have that spare money, just buy a few units, then after taking possession, honestly collect rent — don't learn from others and use leverage to flip houses; that risk is really too great."

But Wang Dashan said:

"That would lock up my capital, and the recovery time is also long."

Then he also said:

"I've thought it through — I'll just take 8 million and flip in cities around Guangzhou! The real estate industry is so hot now, no matter where you buy, you profit — basically can't lose!"

Du Xiaojuan still said:

"You going to play is no problem; my point is don't use leverage."

Wang Dashan felt Du Xiaojuan simply looked down on his ability.

That's why she made him do it conservatively.

This made him very depressed inside.

But actually, it wasn't that Du Xiaojuan looked down on his ability — his ability really was just that.

Du Xiaojuan merely spoke the truth.

It's just a pity that in this world, loyal advice is harsh to the ear, good medicine tastes bitter.

"Fine, fine, I'll just operate with 8 million, won't go big — when the money's used up I won't keep expanding."

Wang Dashan said this.

Du Xiaojuan didn't say anything more.

She knew Wang Dashan wanted to tinker, wanted to prove himself.

Then let him tinker, let him mess around — if he produces results, that's a good thing; if he doesn't, hitting a brick wall will also make him face reality.

At least now she can give her husband a solid foundation.

Du Xiaojuan said at this time:

"As agreed before, once I've recovered enough, you'll invite your family over for a gathering, and then we'll take a family photo. Now your dad and your second brother have already come, so do we still need to gather?"

This is indeed a problem.

Wang Zhanggen insisted on coming early to see the child, directly disrupting all their plans.

Now if they proceed according to the original plan, that would require Wang Zhanggen and Wang Erhai to come again. Wang Zhanggen's leg is broken, so it's inconvenient; Wang Erhai is very busy with work, and it was already hard for him to squeeze out time to come. Making him come again would also be a kind of ordeal for him.

Wang Dashan thought for a moment, then said:

"Let's gather. My third brother and my mom still haven't come to see the child. As for my dad and my second brother, we'll just have them come again."

Du Xiaojuan then said:

"Alright, then you arrange it."

Wang Dashan asked at this moment:

"Your side's family, really no need to tell them?"

Wang Dashan felt in his heart that Du Xiaojuan's parents, no matter how excessive, ultimately share a direct blood relationship with Du Xiaojuan.

Having given birth to a child, not notifying them at all seems somewhat inappropriate.

However, Du Xiaojuan's attitude was extremely firm:

"No need. I also don't want them to know."

Du Xiaojuan knows her parents' character all too well.

If she let them come see the child, they'd probably take the opportunity to demand money from Du Xiaojuan again.

Before, they caused a scene all the way to the Guangzhou villa side. Du Xiaojuan gave them one million, which was already a clear statement of cutting off ties with them.

Since the relationship has already been severed, naturally having a child has nothing to do with them anymore.

"Alright then, I'll just tell my side's people."

Wang Dashan sighed.

He always felt that Du Xiaojuan doing this was too cold-blooded, too heartless.

Now her economic conditions are this good; she completely has the ability to repair the relationship with her parents.

Yet she has never done so.

If in the future her own born child treats her this way, who knows what she would feel.