MMB Chapter 69 The landlord started refunding the money.
Chapter 69 The landlord started refunding the money.
Chapter 69 The landlord started refunding the money.
For the next few days, Mao Xiaoyu's life remained the same, except that she no longer went to the real estate agency in the evenings.
Moreover, after getting up in the morning, Mao Xiaoyu didn't play online games; instead, she studied maps and stocks.
As for why she studied the map, it's mainly because Mao Xiaoyu benefited from this wave of developments and wanted to find a second place near demolition sites to buy resettlement housing.
However, Mao Xiaoyu has been busy with this matter for several months, but it hasn't been very satisfactory.
After all, 20 years have passed between 2005 and 2025. Although Mao Xiaoyu remembers that some places will be demolished in the future, she really can't remember exactly when they will be demolished.
Moreover, many of the factories being demolished are located on public land. Even if these places are demolished and new houses are built, it doesn't really affect ordinary people.
Another crucial point is that some of the houses being demolished were only demolished on a large scale after the 2008 US subprime mortgage crisis impacted China's economy, and China issued 4 trillion yuan in currency to stimulate the domestic economy.
In other words, if you buy these houses now, you will have to wait at least 34 years before they are demolished on a large scale. In recent years, the demolitions in Pudong and Yangpu have been piecemeal and have been completely incomprehensible.
That's why it's really not easy for Mao Xiaoyu to buy a house slated for demolition, especially since the stock market has been booming for the past two years. The growth rate of buying a house slated for demolition is really not as good as buying stocks.
Moreover, in 2008, due to the US subprime mortgage crisis, housing prices in Shanghai will drop significantly again, and prices will return to levels similar to those in 2005.
So if you want to buy a house in Shanghai, it's best to wait until after 2008, when there will be more areas undergoing demolition and more houses to choose from.
As for the past two years, Mao Xiaoyu has looked at the map countless times and found two places that will be demolished the year after next.
Of course, it's not that only two places in the entire region will be demolished within two years, but rather that Mao Xiaoyu can only clearly remember two places. Many other places may also be demolished, but Mao Xiaoyu can't remember them, so she can only let those places go.
In the two areas that were slated for demolition the following year, Guo Xiaoyan opened her second real estate agency in one of them and is currently arranging for employees to visit properties.
As for the other demolition site, Mao Xiaoyu plans to contact the real estate agency's third [unit/company] before the Chinese New Year.
I'll open a shop there, operate it for six months, and then start buying a house in the second half of next year.
If everything goes smoothly in these two places, earning 30 to 50 million is no problem, and with good luck, it's possible to earn tens of millions.
However, since it was still early, there was no rush. What Mao Xiaoyu was most concerned about next was the stock market.
Although in his previous life, Mao Jun lost a fortune in the stock market in 2007, and Mao Xiaoyu was forbidden from touching stocks ever since, he believed that such things were just ways to fleece ordinary people.
However, regarding the dozen or so stocks that were riding high in the A-share market in 2007, Mao Xiaoyu recently did some research on the stocks and began to slowly recover many of her dormant memories.
After all, Mao Xiaoyu watched helplessly as her father's account, which had peaked at over 700,000 yuan, dwindled to a mere 120,000 yuan – a truly devastating loss.
During that period, the stocks her father bought plummeted like a nightmare. This event was etched into Mao Xiaoyu's mind for the rest of her life. Normally, she wouldn't think about it, but now that she thinks about it often, over time, she has gradually remembered it all.
Starting in 2007, her father became extremely wary of stocks, forbidding not only himself from touching them, but also forbidding Mao Xiaoyu from doing so.
Even if the stock market experiences several major booms and busts in the future, it won't have much to do with Mao Xiaoyu; at most, she'll just hear a little bit of rumors.
They say things like Moutai's stock price has risen, or Baofeng Technology's stock price has surged, or some other stock has risen.
As for how much the price has increased, Mao Xiaoyu never studies it, mainly because she doesn't have the money to do so.
However, Mao Xiaoyu was very familiar with the dozen or so stocks that surged in 2007.
Now that she had this memory, Mao Xiaoyu felt that she couldn't possibly let go of this opportunity to make money.
So these past two days, Mao Xiaoyu has been busy downloading stock trading software on her computer and opening accounts at various securities companies whenever she has time.
Of course, this is all preliminary work. After all, we don't have any money right now and we're waiting to receive the demolition compensation before we can enter the stock market.
However, Mao Xiaoyu was not in a hurry. After all, the stock market in 2005 was just so-so, and the real stock market boom would not happen until 2006 and 2007.
In addition, Mao Xiaoyu also discovered that some of the stocks that skyrocketed in her previous life are still not available now.
Take, for example, China Shipbuilding, which saw a surge in its stock price in its previous life. The company's predecessor was Hudong Heavy Machinery. By 2007…
In 2016, China Shipbuilding Industry Corporation (CSIC) went public through its shell company, which led to the surge in CSIC's stock price.
Mao Xiaoyu only knew its predecessor's name because her father had bought this stock in her previous life. Otherwise, where would she find this China Shipbuilding now?
The same goes for Suning Universal. Despite being the first stock to surge in 2007, Suning Universal is no longer listed on the stock market. Even in her past life, Mao Xiaoyu had never researched when Suning Universal went public.
There's nothing we can do now; we can only wait until Suning Universal goes public before we can buy its stock.
Guojin Securities also didn't see this company's stock.
Currently, Mao Xiaoyu has identified several listed companies, including Guangzhou Shipyard International, Jinling Mining, Jiaozuo Wanfang, Shandong Gold, Yunnan Copper, Oceanwide Construction, and CITIC Securities. He is currently researching these companies.
After all, these companies were incredibly powerful in 2007. You could say that you heard their names every day in 2007, not to mention your own old-fashioned barbershop. Many barbers liked to talk about these things. Mao Xiaoyu, who worked there in her past life, would find it hard to forget the names of these companies.
However, since she doesn't have any money right now, Mao Xiaoyu hasn't decided how to buy these stocks yet. After all, the real bull market in China started in 2006. She's not too optimistic about stocks now, especially since 2005.
Mao Xiaoyu tried her best to restrain her feelings and did not go to the real estate agency. However, the real estate agency was not deserted despite the fact that the area was going to be demolished.
In the past two days, quite a few homeowners who received deposits for the 66 properties have come to visit.
Many people come here to inquire whether the penalty for breach of contract can be reduced.
After all, the penalty for breach of contract set by Mao Xiaoyu was really a tight spot. Paying it would hurt, but not paying it would feel like losing money.
After all, if the penalty for breach of contract is too high, then it's fine, but if it's too much and you can't afford it, you can only accept your fate.
However, the current penalty for breach of contract is only around 1000 to 1500 yuan per square meter, which is neither high nor low.
Furthermore, with the recent announcement of the demolition and relocation, local housing prices have naturally risen by five or six hundred yuan per square meter. It can be said that this increase has already offset some of the amount of the penalty for breach of contract.
The original owners of the 66 properties felt even worse because of the price increase, but after consulting with the real estate agency, they found that there was no way to reduce the penalty for breach of contract.
Eventually, some homeowners succumbed to the pressure and began preparing to pay penalties to reclaim their properties.
One, two, three...—Watching more and more homeowners pay the penalties and take back their houses.
The remaining homeowners were even more restless, fearing that Mao Jun, who had bought their houses, would default on too many contracts.
Ultimately, if you speed things up, get the loan processed, and then transfer the house to someone else, you won't be able to pay the penalty for breach of contract or get the house back.
This mindset has led to long queues at real estate agencies. Homeowners who were happy to receive their deposits a few days ago are now sighing and paying penalties for breach of contract while cursing the buyer, Mao Jun, XXX.
Meanwhile, Mao Jun, who was back in his hometown, had already been transferred from the township hospital to a city hospital to see a doctor for his sneezing. After all, sneezing every day was not a good thing. Since the town doctor couldn't find anything wrong, he had to go to the city to get checked. Mao Jun refused to believe that he had been sneezing non-stop since he came back, and that this wasn't an illness.
Guo Xiaoyan, the store manager, was initially quite happy to see homeowners coming to return their deposits and pay the penalty for breach of contract, since the real estate agency would not reduce the amount it was supposed to collect.
But as more and more homeowners lined up, bringing in more and more funds, Guo Xiaoyan started to feel scared. After hesitating for a moment, she called Mao Xiaoyu.
Meanwhile, Mao Xiaoyu was busy trying to get the person out of trouble. When Guo Xiaoyan suddenly called, she answered curiously, "What's wrong? What happened to the agency?"
"Nothing much, it's just that the customers who paid their deposits a few days ago are all busy paying their penalty fees now—"
"Refund the deposit. We have more and more funds on our side. Do you want to come over and withdraw the funds?" Guo Xiaoyan said worriedly.
"Do you have a lot of cash?" Mao Xiaoyu asked.
"We haven't collected much yet, only a little over 300,000, but seeing the queue getting longer and longer, we might be able to collect two or three million. And we don't know if other homeowners will come over next. If they do, the money will only increase," Guo Xiaoyan said anxiously.
"Here's a solution: find the nearest bank, bring all these homeowners to the bank to open an office, and deposit their properties one by one. If any other homeowners come to pay the penalty for breach of contract, the deposit will be refunded."
You should arrange for your store staff to take them to the bank to handle the matter. Try not to keep cash in the store. Having too much cash can easily cause unnecessary trouble.
"Also, call Xiaomei and ask her to send some staff over to support you. That way you'll have more manpower and things will be easier. As for me, I'll come over here." Mao Xiaoyu ordered.
Hearing Mao Xiaoyu's arrangement, Guo Xiaoyan thought it was really good, and that it could be applied to other situations. For example, they could collect the agency fee in the store first, and let them go to the bank to get the refund of the penalty and deposit. This way, the crowds would be staggered, and it would be easier to handle the work.
Of course, this would require a lot of employees, but calling over a few people from Xue Guangmei's side should be enough. If not, let Xue Guangmei close the door first, and even she herself can come and help.
"Okay, I'll arrange for someone to take the person to the bank right away," Guo Xiaoyan agreed, and then hung up the phone.
When Mao Xiaoyu saw Guo Xiaoyan hang up the phone, she didn't have time to bail her out. She could tell the difference between a few hundred yuan and millions of yuan. So after hanging up, she immediately rode her electric bike to the real estate agency.
When Mao Xiaoyu arrived at the real estate agency, she saw that there weren't many customers left.
"Xiaomei, where's Yanzi?" Mao Xiaoyu asked, seeing that Xue Guangmei was in the shop but Guo Xiaoyan was not.
"I'm keeping an eye on things at the bank," Xue Guangmei replied without even looking up, busy with her work.
"Then I'll go take a look." Hearing this, Mao Xiaoyu walked out of the real estate agency and came to the bank not far away.
Although the bank is busy, it's the bank staff who are busy. Their own staff aren't too busy, since the bank handles all the money counting. As long as the money is correct, their own staff just need to sign the contract and give it to the homeowner. So the real estate agency's staff don't have much to do.
When Guo Xiaoyan saw Mao Xiaoyu coming over, she stood up. Perhaps worried that it would be inconvenient to talk, she led Mao Xiaoyu outside the bank: "It's much better now. More than 300 million yuan has been deposited. About 30 people have withdrawn their money. Judging from the current number of people, there should be more than a dozen more who can withdraw their money."
"Thank you for your hard work," Mao Xiaoyu said gratefully.
"They're all just helping the company make money, so why are they complaining about how hard it is? But with this kind of withdrawal today, there probably won't be many homeowners left," Guo Xiaoyan said.
"It doesn't matter. After a while, go back and calculate how many homeowners have already received the money and remove them from the list. See how many homeowners haven't come yet, and then call them all tonight to tell them that we have enough cash and don't need to start the loan. Tell them to bring their property certificates to the housing management bureau for the transaction tomorrow," Mao Xiaoyu said after a moment's hesitation.
"What if the homeowner disagrees and insists on paying a penalty for breach of contract, and then takes the house back?" Guo Xiaoyan asked.
"If you want the house back, you need to pay the deposit and the penalty for breach of contract. Tell them to hurry up and see the deposit and penalty by tomorrow morning at the latest, otherwise it will be too late. After all, I don't lack money from several houses. If they really want to sell, I can buy it," Mao Xiaoyu said.
"Okay, I understand," Guo Xiaoyan replied.
"Go ahead and get busy, I'll just stay here for a bit." Mao Xiaoyu knew she couldn't really help much, she could only keep an eye on things at most, so she waved her hand and told Guo Xiaoyan to go ahead and get busy.
"I'm going now, don't leave yet. I'll give you the card after I deposit the money." After saying this, Guo Xiaoyan went inside.
And so, every now and then one or two landlords would come over and process the refund of the deposit and payment of the penalty for breach of contract. This went on until the bank closed at 5 o'clock, and then everyone left the bank.
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