mijobooks Chapter 88, Room 1
Chapter 88, Room 1
Chapter 88 A Box of Rooms
Li Mingyue was a little dumbfounded. She had thought about it for so long, but she never expected that the other party wanted to take the property certificate back because of the demolition.
"Demolition?" Li Mingyue asked dryly.
"Yes, demolition." Mao Xiaoyu gave an affirmative answer.
Hearing Mao Xiaoyu's affirmative answer, Li Mingyue felt a mix of emotions.
To be able to buy a house that's being demolished for redevelopment is incredibly lucky.
Li Mingyue was genuinely a little envious of Mao Xiaoyu; the kid was just too lucky. But when it came to jealousy, she wasn't.
After all, as a financial institution employee, Li Mingyue had seen far too many wealthy people's accounts.
Rich people have tens of millions, hundreds of millions, or even billions in their accounts. Who does Mao Xiaoyu think she is?
If Li Mingyue were to be jealous of every rich person she saw, she would never be able to live.
Besides, in Li Mingyue's view, it's just a demolition, and no matter how much it's demolished, it won't earn as much as the developer's boss.
"Congratulations! I didn't expect you to be so lucky as to buy a house that was slated for demolition." Li Mingyue said with a congratulatory expression.
"Who knows? I was lucky this time. I was planning to buy a house and leave it for a few years to wait for the price to rise. But after I bought the house, they suddenly said it would be demolished. And this time, thirty or forty houses were demolished, which means more than half of the houses I had were demolished."
This is like a windfall! I haven't had time to deal with you lately, so I went straight to the developer and negotiated several rounds of talks. We finally reached an agreement: I don't want the house, I just want the money. I've calculated it out; if the developer gives me the money, I can not only pay off all my debts, but I'll also have an extra five or six million.
If I had nothing before, I might have dared to take a gamble. But now that I've received such a large windfall, I'll definitely be more conservative. So, I plan to redeem all the mortgaged houses. These houses will be my retirement homes, and the rent I collect each month will cover my living expenses.
"No matter how much I want to party or have fun outside, at least these houses give me a sense of security. Although the remaining thirty-odd houses won't make me rich, they should be enough to ensure I live a better life than the average person. That should be fine," Mao Xiaoyu said, feigning a sigh.
"Yeah, if I had money, I'd be like you. I'd buy a few houses, put them there, and collect rent every month. If the rent could support me, I'd quit my job, travel around, and live a happier life," Li Mingyue said with a sigh, seeing Mao Xiaoyu's pretentious manner.
"Speaking of collecting rent, Brother Li must have made quite a bit this time, right? Although it's not enough to pay the full price of the house, it should be enough to make a down payment. Take my advice, brother. When you have money, don't look for a girlfriend. Spend your money on women. It's better to use it to buy a house and make a down payment. In my opinion, house prices will continue to rise in the future. The earlier you buy, the more you'll earn."
Don't date now. If you do, you might spend hundreds of thousands over three or four years, and then your girlfriend will ask you for hundreds of thousands more in dowry and a house in Shanghai. What will you do then? If you can't afford it in the end, you'll break up with her.
"So if you ask me, the best thing to do right now is to buy a house. Having a house outright is better than dating anyone. It'll make it easier to find a girlfriend later on. At least you have a house, and women will feel like you can give them a home." Mao Xiaoyu pretended to look around before saying this with a sincere expression.
Seeing how sincere Mao Xiaoyu was, Li Mingyue looked around a little embarrassedly, then whispered, "I didn't dare to date. After all, you can see my situation. Dating would be a bottomless pit. So after I had some money, I bought a house. It's not a new house, it's a second-hand house. It cost about 50 yuan, and it's already rented out. The rent is just enough to pay the mortgage."
"Great, Brother Li, that's right. In a few years, the house price will rise, and the rent will rise too. At that time, the rent will cover the loan and we can even make a little profit. Then this house will definitely be a high-quality asset," Mao Xiaoyu said happily.
"Buying a house was great, but the problem is, after buying it, I'm broke again. And you haven't come to see me for almost half a month. I can only support myself with my salary, but how can I afford a house with that little bit of money!" Li Mingyue complained.
"But I have no choice. As you know, I've already borrowed 16 million from you. My family can manage to cover that 16 million. Even if the housing prices drop a little, I can still hold on. But if I borrow more and the housing prices drop further, I'll be doomed."
"But things are much better now. My area has been demolished, and I don't want the house anymore. I got cash, which will help me pay off the mortgage on the remaining house, and I'll even have a few million left. With that, I plan to buy stocks," Mao Xiaoyu said excitedly.
"Buying stocks? Now is not a good time to buy stocks. The stock market has already fallen so terribly. You still want to buy?"
""
As a financial institution professional, Li Mingyue certainly understood what the stock market was like. So when she heard that Mao Xiaoyu wanted to buy stocks, she simply nodded and frowned.
"You don't know this. When buying stocks, you're buying into cycles. What are cycles? They mean by slowly entering during a downturn and then selling when it's peak and everyone is buying stocks."
Look at these stock prices, they've already fallen so low. They can't fall any further. If they do, all these listed companies will go bankrupt. The government would never agree to that. Therefore, in April, the government allowed joint-stock companies to restructure their shareholdings. I believe that after a few months of restructuring, the stock prices in the market will definitely rise.
This is precisely the time when those big bosses and wealthy people are slowly building their positions. They may spend a year or two building their positions, and we should follow these big bosses and build our positions as well.
"Because the stock price is low now, no matter how much I buy in, it won't be a big deal if it falls further. When the stock price skyrockets and everyone goes crazy, then I can sell all my shares," Mao Xiaoyu boasted, drawing on his future experience.
Li Mingyue hadn't studied stocks either, but seeing how much Mao Xiaoyu talked, she believed Mao Xiaoyu must have done some calculations. This made Li Mingyue wonder if the stock market was about to rise.
Of course, no matter how much the stock market rises, it won't affect me much, since I've invested all my money in houses.
"Although I don't play the stock market, I know that it's not something for the average person, so you should be more careful," Li Mingyue advised.
"It's okay, I know what I'm doing. I'm not buying blindly, I'll keep an eye on things," Mao Xiaoyu said with a wave of her hand.
Seeing Mao Xiaoyu's reaction, Li Mingyue didn't know what to say. After all, there were some things she didn't understand herself, and she certainly couldn't persuade others. If the stock really did rise as Mao Xiaoyu said, she would definitely end up in a bad situation.
"Since you know what's going on, I won't say anything more. Let's talk about the loan first. You've only had the loan for a month or two, and the interest is probably only a few hundred thousand. But you've already spent so much money on me, so it would be a waste to refund it now," Li Mingyue said somewhat embarrassedly.
After all, the loan interest was only a few hundred thousand yuan, while Mao Xiaoyu had spent over two hundred thousand yuan on herself. By any calculation, it was a loss. However, she had already used the money to buy a house and now she couldn't come up with any more money, so Li Mingyue felt a little embarrassed.
"It's alright, business is business. Besides, you've helped me so much before, otherwise I wouldn't have happened to be involved in the demolition. So let's not talk about it. As for me coming here to pay off the loan, it'll also relieve me of a worry," Mao Xiaoyu said.
"Since you've already mentioned it, I won't say anything more. Come on, let's go upstairs and I'll help you resolve this," Li Mingyue invited.
Now that Li Mingyue knew Mao Xiaoyu was canceling her loan because her house was slated for demolition, there was no need to wait any longer down there. Therefore, Li Mingyue brought Mao Xiaoyu to the company.
The loan process can be quite complicated, with various verifications, investigations, and other miscellaneous documents required. However, repayment is much simpler. You just need to calculate how much you borrowed, how much interest you owe, and then pay back both the loan amount and the interest owed.
So Li Mingyue got busy, while Mao Xiaoyu didn't have much to do. After all, everything was Li Mingyue's responsibility, and Mao Xiaoyu only needed to sign a few documents.
However, Mao Xiaoyu was heartbroken that the money in her account, 16.5 million, was disappearing little by little.
When Mao Xiaoyu finally received all 73 property ownership certificates, she still had about 272,000 yuan in her account. This meant that the total mortgage interest and various fees for the past two or three months amounted to 228,000 yuan. This was because the mortgages for the properties were not issued all at once; many of the mortgages were only issued for a month or two. If the mortgages had been issued all at once two or three months earlier, the amount owed would have been much higher.
"I'm done with my work, I can go home now."
Because they were all on the same side, Li Mingyue helped Mao Xiaoyu get things done very quickly. She even had some of the work done by her colleagues. Otherwise, she wouldn't have been able to complete all 73 loan applications in just one afternoon.
After all, for the average person, working one document at a time, it would take at least twenty or thirty minutes to finish one document. They'd be lucky to get a dozen or so done in an entire afternoon.
Li Mingyue, on the other hand, modularized the process, writing down all the loans, all the interest rates, and all the names, then directly getting the leaders to sign it, and then directly transferring the money to the company.
This busy approach is obviously 10 times faster than processing them one by one. In addition, with the help of several colleagues, who helped process more than 20 copies, we were able to retrieve all of Mao Xiaoyu's property ownership certificates before leaving get off work.
"Let's go," Mao Xiaoyu said after putting the property certificate away.
The two of them had already agreed while they were busy that Mao Xiaoyu would go to Li Mingyue's place tonight for a meal and drinks, and to discuss some other so-called business matters.
The business Mao Xiaoyu was referring to was rights issue. After all, the securities company hadn't responded for several days, and they didn't know whether they would grant the rights issue or not. If the securities company didn't grant the rights issue, wouldn't the financial company also grant it?
In Mao Xiaoyu's view, as long as a business is profitable, there will be plenty of people willing to do it.
Therefore, Mao Xiaoyu planned to use Li Mingyue as a breakthrough point, and have him go to the leadership department to see if their financial institutions would allocate shares.
So what if they monitor my stocks? It's not a big deal.
Mao Xiaoyu dragged a full suitcase of property deeds, while Li Mingyue helped drag the empty suitcase. The two left the company.
They took the subway and got off at the same time. Then the two of them walked towards Li Mingyue's house. When they were halfway there, Mao Xiaoyu was going to put the two suitcases back at her parents' house. As for Li Mingyue, she was going to buy some groceries first. So the two of them went their separate ways. However, they agreed to meet at Li Mingyue's house in half an hour.
After separating from Li Mingyue, Mao Xiaoyu went straight to her parents' house with two suitcases.
Her parents had gone back to their hometown, so no one was home. Therefore, the first thing Mao Xiaoyu did upon returning was to take care of her parents—
The two property ownership certificates in the mother's safe were replaced, and to avoid confusion with other property ownership certificates, Mao Xiaoyu put the two fake property ownership certificates directly into the empty box.
Seeing that the two large suitcases were a bit of an eyesore in the living room, Mao Xiaoyu moved them to her room. Although she knew her parents probably wouldn't be back today, Mao Xiaoyu still sneakily put the two suitcases in the cabinet and closed the cabinet door.
Mao Xiaoyu believes that as long as her parents don't rummage through her closets when they come home, they won't find the two large suitcases. Besides, her parents might not even be coming home today.
After finishing all that, Mao Xiaoyu finally breathed a sigh of relief. Then she looked for her parents' electric scooter keys. Once she got the keys, she left home, went downstairs, got on her electric scooter, and headed straight for Li Mingyue's house.
As for Li Mingyue, after separating from Mao Xiaoyu, she naturally bought groceries first and then wine. Only after buying everything did she carry the food and wine back home.
When I got downstairs, I saw Mao Xiaoyu riding her electric scooter.
"Haha, I was just wondering how to move all this stuff upstairs, and you're here too. Well, timing is everything. Since you're here, come on, let's move it." Li Mingyue happily put the wine on the ground, then proudly carried the groceries and led the way, letting Mao Xiaoyu carry the beer upstairs.
Sigrún has taught at the Iceland University of the Arts as a part-time lecturer since and was Dean of the Department of Fine Art from -. In – she held a research position at Reykjavík Art Museum focusing on the role of women in Icelandic art. She studied fine art at the Icelandic College of Arts and Crafts and at Pratt Institute, New York, and holds BA and MA degrees in art history and philosophy from the University of Iceland. Sigrún lives and works in Iceland.
It was just a case of beer, weighing only a dozen kilograms, which wasn't much of a burden for Mao Xiaoyu, so she simply picked up the beer and followed the other person upstairs.
Before long, the two men arrived at Li Mingyue's house. They quickly tidied up, found some bowls, chopsticks, and disposable cups, and began to eat and chat.