Chapter 1226: Rural Absurd Past Events Chapter 1226: The More One Is Denied, The More One Wants To Prove Oneself

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Protagonist:

Li Xiulan

Wang Dashan hung up the phone with Hu Wanjia.

He knew Hu Wanjia might have another purpose, yet he also very much wanted to prove himself; he did not want to spend his whole life living in his wife's shadow.

On top of that, the real estate market at the time, although already bubbling significantly, was still trending upward, and no one could see any sign of a downturn.

All kinds of urban renewal projects in cities were proceeding even more vigorously.

So in the end he still felt he should let go and take a gamble.

Thus that very afternoon, he came to Du Xiaojuan's side and told her about his idea of speculating in urban village old houses.

"Wife, give me 2 million, I'll definitely make a big pile of money; speculating in housing now earns way more than doing real industry!"

Wang Dashan said such words in order to give Du Xiaojuan confidence.

Du Xiaojuan, however, frowned:

"2 million isn't any huge sum, it's just, you trust Hu Wanjia just like that?"

Wang Dashan then said:

"Hu Wanjia is our Wanjia Commodities partner, counts as an old acquaintance, still quite trustworthy."

Du Xiaojuan, however, shook her head:

"Hu Wanjia is just an old fox, you're no match for him, just afraid you'll be played around in circles by him."

"Why would he play me, what benefit does he get from playing me?"

Wang Dashan asked like this.

Du Xiaojuan couldn't answer.

Hu Wanjia playing Wang Dashan would indeed have no benefit.

On the contrary it would even lead to the splitting of the Wanjia Commodities company.

By principle, Hu Wanjia indeed wouldn't be idle enough to go play Wang Dashan.

Only...

"If it really can make money, why doesn't Hu Wanjia get in on it himself, but instead has to pull you in to give you a share of the pie? I don't believe he's that kind of person!"

When it comes down to it, Du Xiaojuan simply doesn't believe in Hu Wanjia's character.

Wang Dashan, however, wore a speechless expression:

"Since you don't believe him, why did you still found Wanjia Commodities together with him back then?"

Du Xiaojuan then said:

"That was a choice made after weighing pros and cons; besides, at the time Xiao Du Technology was in the midst of internal strife, we urgently needed an outside fist to help me win this battle, that's why Wanjia Commodities was established!"

Wang Dashan fell silent.

His inner heart was extremely depressed.

When it comes down to it, Du Xiaojuan just isn't willing to give him this 2 million.

Du Xiaojuan at this time asked again:

"Don't you yourself have quite a bit of savings? Where did that money go?"

Wang Dashan only then confessed to Du Xiaojuan:

"Most of the money on hand, I've all put into speculating in housing; right now I've bought a total of 8 houses."

Wang Dashan's words weren't false; earlier on he'd long bought one in Huangpu, later speculating he bought 7 more, 8 in total.

Du Xiaojuan held her forehead, a displeased expression appearing on her face:

"You better not tell me you added leverage."

Du Xiaojuan heard he'd already bought 8 houses and knew most likely it was with leverage.

After all, 8 houses, if all bought with full payment, even in Guangzhou's surrounding second- or third-tier cities, would probably cost over 10 million.

She knew Wang Dashan simply didn't have that much money!

Facing Du Xiaojuan's questioning, Wang Dashan could only remain silent in response.

"I don't oppose you speculating in housing, but you speculate this many at once; if the capital chain runs into problems, what do you say we do?"

Du Xiaojuan's expression had already shown impatience, her tone like a teacher scolding a student, an old mother scolding her son.

"Isn't there still you?"

Wang Dashan faintly said this one sentence, and also asked:

"Could it be, your husband runs into trouble, you'll watch him die without saving him?"

Du Xiaojuan, however, said:

"This isn't a matter of saving or not saving, but that this kind of risk is clearly avoidable! Speculating in housing is gambling, leveraged housing speculation is equivalent to borrowing usurious loans to gamble! Wang Dashan, how can you not understand the severity here? How great the risk is, have you carefully weighed it?"

Wang Dashan was stumped by the question.

He indeed hadn't carefully weighed the risks within.

But he still wouldn't admit he had any mistake, instead even saying:

"Not long ago I just bought a house in Qingyuan; these two months, it's already risen over 1,000 yuan per square meter; following this rising trend, by the time it can be sold, doubling is even possible!"

Du Xiaojuan couldn't refute Wang Dashan's words, because housing prices have indeed been rising all along.

To put it bluntly, the reason she opposes so strongly is purely distrust of Wang Dashan's ability.

And this distrust of hers would instead stimulate Wang Dashan, making Wang Dashan want even more to prove his ability, and thus take desperate risks and go all in.

"Just give me one sentence — are you willing to give me 2 million or not?"

Seeing Du Xiaojuan fall silent, Wang Dashan said just that one line.

Du Xiaojuan spoke at this moment:

"I can give you 5 million, but I have one condition."

Wang Dashan asked:

"What condition?"

Then he added another sentence:

"Rest assured, I'll definitely pay you back!"

Du Xiaojuan then said:

"When I give you money, I never expected you to pay it back. My requirement is: you take my 5 million, don't go play with Hu Wanjia, and additionally on the property speculation front, don't expand your housing source any further. Just hold these 8 houses you have on hand, remove the leverage, pay off the mortgages, and when the time comes that they can be sold, sell them off."

The meaning of Du Xiaojuan's words was very obvious — she didn't want Wang Dashan to bear the high risk of leveraged property speculation.

She felt Wang Dashan truly couldn't handle it!

Hearing this, Wang Dashan coldly laughed:

"Bottom line, you just don't trust my ability."

Du Xiaojuan said coldly:

"It's not that I don't trust your ability, but I know exactly what you're made of! Wang Dashan, you think someone who needed a sports recruitment just to barely test into high school can really figure out all the ins and outs of real estate? I won't say anything else — just let me ask you: those houses you bought with leverage, have you ever calculated what the loan cost is? How long you'd have to hold them, how much interest you'd pay, how high prices would need to go to break even — have you carefully calculated any of that?"

Wang Dashan couldn't answer.

He fundamentally never went and calculated it!

He only knew that housing prices kept rising, and as long as they rose after buying in, there was profit.

Du Xiaojuan spoke again:

"Property speculation isn't that you make money just because prices rise — there are huge hidden costs here. Never mind prices falling; even if prices just don't rise fast enough, someone like you using leverage will absolutely lose your shirt! The real interest on leverage is that high — you truly never went and calculated it?"

Wang Dashan's brows furrowed, and he could answer even less.

But he also felt very wronged, very stifled.

Stifled for a good while, he finally spat out a sentence:

"Bottom line, you still don't trust me. Fine, I won't borrow from you then — that works, right? I'll go find someone else to borrow from!"

Finishing these words, Wang Dashan turned around and left.

The more Du Xiaojuan denied him, the more he wanted to prove himself.

The more he wanted to prove himself, the less rational he became.

Originally he wasn't that clever to begin with; losing rationality on top of that, the result was predictable.

……