History can't bear to look at the complete collection

Chapter 131 Alternative Historical Materials 7
How Real Estate Developers "Fried Real Estate" in the Qing Dynasty

During the period of the Republic of China, Feng Wenxun's "Bingyin Tianjin Zhuzhi Ci" had an ending, "An inch of land is worth an inch of gold, and ups and downs are always related to people's hearts. Suddenly the sound of trading fell silent, which is a lesson from the past." It was written in the period of the Republic of China, a paragraph The history of real estate speculation.At that time, the supply of houses in the British Concession in Tianjin was in short supply. Seeing this situation, many real estate developers bought and sold them, obtained the price difference, and made a fortune.But after the British Concession was taken back by the Chinese, the foreigners evacuated one after another, the houses were vacant, and no one cared about them. The house prices immediately plummeted, and many businessmen lost everything.

It is not too early for real estate developers in the Republic of China to speculate and sell houses.Moreover, the concept of "real estate speculation" is not unique in modern times. In fact, as early as the Qianlong period, there were shrewd businessmen who discovered business opportunities for house appreciation from house prices.

In the 16th year of Qianlong (1751), an individual trader named Ding Yufan in Tianjin bought a piece of land in a small alley in Tianjin and built a courtyard house with an area of ​​about one mu.The ten houses in this courtyard are very neat and beautiful.Ding Yufan invested almost 180 taels of silver in this house.

The original idea was to sell this courtyard house at a high price. Unfortunately, Ding Yufan did not catch up with the good time. His courtyard house was built for several years, but no one cared about it. Finally, he had no choice but to buy it until the ninth year of Qianlong (1754). Selling at a low price, the courtyard house was sold at a price of 177 taels of silver.After several years, Boss Ding did not make any profit but instead compensated, which can be regarded as an example of failure among real estate developers.

In the 18th year of Daoguang (1838), another real estate developer in Tianjin was named Ren Xiupo.He is shrewd and capable, with a flexible mind. He invested 200 taels of silver to buy the courtyard house built by Ding Yufan, re-improved it, and added a gatehouse, a guest room, three study rooms, and three board rooms.In the middle of the courtyard, the previous empty pattern was changed, and a moon gate was added, which made the originally low-level courtyard house suddenly look upscale.

As a successful real estate developer, although Ren Xiupo invested a lot of money in this decoration, he still made a profit in the end.He spent 200 taels to buy the house, 150 taels to decorate it, and finally sold it for 600 taels, making a net profit of 250 taels.The business acumen of the businessmen in the Qing Dynasty is not inferior to that of the current businessmen at all.

A more powerful businessman was Miao Ziji from Wanping County, Beijing during the Tongzhi period.Boss Miao also took a fancy to a courtyard house in the capital. After he bought it for 150 taels of silver, he neither waited to sell it like Boss Ding did, nor did he renovate it like Boss Ren did.Instead, they published small advertisements to attract buyers, and sold this courtyard house at a price of 600 taels through buyers' bidding.

Buy and sell houses and earn the difference.The "real estate speculators" in the Qing Dynasty were flexible in mind and modern in means. Although they did not start a large-scale real estate business, they were able to find business opportunities from a house, which was also very powerful.

(End of this chapter)