Reborn as a landlord in Shanghai
Chapter 35: Reviewing the Information, 43 Houses for Sale
At this moment, Mao Xiaoyu was still thinking about how much the house price could be reduced and how to buy it, and she didn't pay any attention to Guo Xiaoyan's changed expression.
Mao Xiaoyu initially calculated that the house wouldn't be demolished for another three years, and since it couldn't be demolished now, and she didn't have any money on hand, even if she got a loan, it would tie up her capital if she spent money to buy the house. So Mao Xiaoyu felt that buying the house now wouldn't be very useful. But seeing a house slip away in front of her made her feel regretful.
But then Mao Xiaoyu suddenly realized that since she was going to buy a batch of houses for demolition, and she was short of money, she couldn't wait three years to get the houses after the demolition. She would only be able to take the demolition compensation and leave. So she would definitely make a profit from the demolition houses.
He's made a fortune, he's definitely rich now, and he certainly won't just leave the money in the bank to earn interest; he'll still buy a house next.
Since I'm going to buy a house anyway, there's something interesting about the house that person was selling earlier!
After all, this house is really cheap now, and it's a house that will be demolished in three years. If I buy it now, I can rent it out for three years, and when it's demolished, I can tear it down and make a profit.
Moreover, there is an even more important reason. After Mao Xiaoyu's area was notified of demolition in July, residents in the surrounding areas speculated that their houses would also be demolished in the future. As a result, the local housing prices soared from about 4000 yuan per square meter to 5000 yuan per square meter, an increase of 1000 yuan.
Moreover, due to the influence of the overall environment, the housing prices never fell. By the time of the second demolition in 2008, the price per square meter had reached 6500 yuan, while the new buildings had reached 9500 yuan per square meter.
This is still because the US subprime mortgage crisis in 2007 caused Shanghai's housing prices to drop by 20%. Otherwise, the prices would be even higher. In fact, you can see from this how much Shanghai's housing prices will be pushed up in the next two years.
So, based on this price, after buying this house, it will only take two more months for the price to skyrocket to 5000 yuan per square meter, and for the next three years, it will increase by 500 yuan per square meter every year.
Considering that she could not only receive three years' rent, but also get a new house and a considerable amount of compensation after three years, Mao Xiaoyu felt that it was the perfect time to take over the house now.
And most importantly, the amount spent on going to someone's door to beg them to sell is different from the amount spent on someone begging you to buy.
After all, the other party is now begging to sell the old house for his son's wedding, so he will definitely lower the price a bit. But if he doesn't need the money and comes to his door begging to buy the house, then the price will definitely be higher.
Mao Xiaoyu had her own plans in mind, which is why she urged Guo Xiaoyan to arrange for someone to take photos, find fault with them, and lower the price.
…………
"Xiaoyu, it's settled, are you really going to buy this house?" Guo Xiaoyan asked again, her face looking a little grim.
"You've asked me so many times, haven't I already told you? My second business is real estate speculation, so the prices are cheap, and naturally I'll buy houses. Of course, when I buy houses, you might not earn much commission from me, but you can earn commission from the homeowners. Although it seems like you earn less per deal, with me as a big client, the more I buy, the more the agency will earn. More importantly, if I buy houses to rent out, those houses will become our agency's exclusive listings. As long as the houses are rented out, it's like the company earns a commission for free."
Mao Xiaoyu noticed that Guo Xiaoyan's expression was a bit unpleasant and guessed that the other party must have thought that she had schemed against her. In order to dispel the other party's suspicions, Mao Xiaoyu quickly mentioned some benefits that would be good for both parties.
Hearing Mao Xiaoyu's words, Guo Xiaoyan analyzed them for a moment and felt that what he said made sense. The other party opened a real estate agency to buy houses and save on agency fees, probably because this industry could make money.
However, no one would be willing to hold shares, collect brokerage fees from Mao Xiaoyu, and take large sums of money from her pocket. Therefore, after acquiring the shares, he created some kind of preferential conditions for internal shareholders. The purpose of this was to prevent the brokerage company from taking advantage of Mao Xiaoyu.
Although Guo Xiaoyan felt tricked by Mao Xiaoyu, she also felt it was somewhat understandable. After all, if Mao Xiaoyu bought many houses, the fees she would have to pay to the real estate agency would be quite substantial. Originally, the agency was owned by Mao Xiaoyu alone, so it didn't matter if she transferred money from one hand to the other. However, no one likes to give their own money to others. Therefore, she had asked for shares in the agency, so it was understandable that Mao Xiaoyu would pull this stunt.
Thinking of this, Guo Xiaoyan felt a little relieved. Then she said to the two people who were eavesdropping not far away, "Xiaomei, contact the landlord from earlier and prepare to take some photos at his house. We'll also talk to him about the price and see if we can lower it. In other words, we've found him a buyer."
"Understood, Sister Guo. I'll go make a call and contact the landlord." Upon hearing Guo Xiaoyan's order, Xue Guangmei quickly stood up and said.
Then, Xue Guangmei took out her phone and found a digital camera under her desk, preparing to contact the landlord, take photos with the keys, and then discuss the price after taking the photos.
"By the way, how's the investigation I asked you to do the other day going?"
Seeing Xue Guangmei busy, Mao Xiaoyu felt a little more at ease. Of course, this house was just a small matter. The most important thing was the matter she had entrusted to Guo Xiaoyan three days ago, so Mao Xiaoyu asked about it.
"These past two days, the three of us in the store have been working overtime, and we've finally investigated all the houses within a 500-meter radius. These are all the data on rentals and sales." As she said this, Guo Xiaoyan pushed a document on her desk to Mao Xiaoyu.
Two days ago, Guo Xiaoyan thought that Mao Xiaoyu had asked her to check properties for the sake of the real estate agency. But now that Mao Xiaoyu was asking her about it again, Guo Xiaoyan couldn't help but become suspicious about the matter. She felt that Mao Xiaoyu was asking her to investigate these places for his own benefit.
Despite her suspicions, Guo Xiaoyan had already done what she was supposed to do. Even if she had doubts, she couldn't say much. Besides, investigating whether the surrounding houses were for sale or rent was something that real estate agents did every day. So Guo Xiaoyan gave the information to Mao Xiaoyu.
Mao Xiaoyu opened the documents and skipped the rental section, going straight to the sales section.
The information shows that there are 43 houses for sale within a 500-meter radius of the store. Each house is a different size, with the smallest being only 17 square meters and the largest being 79 square meters.
The prices of houses also vary. Some houses cost only 4000 to 4300 per square meter. These houses are generally small and do not have indoor toilets, so they are sold at a low price. Some houses are sold for as much as 5200 per square meter. Houses that are so expensive are generally in a good environment, and the interior decoration is also good. They also have complete kitchen and toilet facilities, so the price is so high.
Overall, the average price of houses here is 4300 yuan per square meter. Of course, this is the publicly announced price. When it comes to actual negotiation, the price will definitely drop. According to the real estate agency's estimate in the information, houses here should be available for around 4000 yuan per square meter. Of course, this does not mean that all of them can be bought. This price can only buy about 80% of the houses. Some houses will still require additional payment.
After half an hour, Mao Xiaoyu finally finished reading all the materials.
…………
After reading through the information, Mao Xiaoyu didn't say anything. He simply closed his eyes and began to think. Guo Xiaoyan saw that Mao Xiaoyu was like this and knew that he needed to think it over carefully. She didn't say anything either, but she kept thinking to herself, "After reading so much information about selling houses, how many houses does this guy actually want to buy?"
Mao Xiaoyu was now mentally calculating how much money she would need to acquire these houses. She had just estimated that there were more houses for sale than she had imagined. Initially, she thought 500 million yuan would be enough to buy all the houses, but now it seemed that wasn't enough.
Because I just did the math, there are about 43 houses, many of which are only about 30 square meters. So, comparing the positive and negative figures, Mao Xiaoyu estimates that the 43 houses would have a total area of 1500 square meters. If we buy them at 4000 yuan per square meter, it would cost 6 million yuan to buy them. Moreover, some houses would definitely cost more than 4000 yuan per square meter. There are also property tax, property certificate tax, transfer fees and other miscellaneous fees. All these things added up, it might cost 7 million yuan to buy these 43 houses.
Is it worth spending 700 million to get a 1500-square-meter house?
In Mao Xiaoyu's opinion, it was definitely worth it, and extremely worth it!
As far as Mao Xiaoyu knew from her previous life, the demolition quota in July was 1:2 for relocation. In addition, the demolition company would compensate for decoration costs, moving costs, three years' rent, signing fees, key handover fees, and other expenses.
The above is just the compensation. There are also preferential policies in the demolition and relocation program. After the family's house is relocated at a ratio of 1:2, if each family does not have a living area of 100 square meters, they can buy a house of 100 to 120 square meters at 5500 yuan per square meter.
If you have many siblings, as long as they are registered here, each of them is entitled to a preferential policy of 100 to 120 square meters of housing. Of course, if the area allocated to the old house at a 1:2 ratio is insufficient, you will still have to purchase it at 5500 yuan per square meter.
As for why the house area is limited to 100-120 square meters, the main reason is that the size of the house can only be determined after it is built.
Because houses come in all sizes, some are 60 square meters, some are 80 square meters, some are 100 square meters, and some are 120 square meters, but these square meters are all rounded up or down. If you really want to calculate the exact number, there will be a decimal point.
Moreover, some families don't have enough money but have many members, so they want to get two 60-square-meter apartments. Some people who get two 60-square-meter apartments will exchange them for a larger area with others. This is a private matter. Anyway, on the surface, each household is at most 100 to 120 square meters.
Seeing these demolition and relocation terms, it's fair to say they're quite reasonable. After all, the developer is very generous with the 1:2 relocation ratio, plus the low purchase price of 5500 yuan per square meter, which is 500 yuan cheaper per square meter than the current market price of 6000 yuan per square meter.
Of course, if the relocated residents need to purchase additional square meters, they should sign a contract and pay money during the demolition process, rather than waiting until they receive the house to pay. If they wait until they receive the house to pay, they can only purchase the desired square meters at the market price.
It's important to know that in this demolition, in addition to the 1:2 relocation and housing, every family received compensation for renovation costs, moving costs, three years' rent, signing fees, and key handover fees. On average, each household received about 200,000 to 300,000 yuan in compensation.
Many resettled residents whose homes were not large enough used the compensation of 200,000 to 300,000 yuan to buy more space, so that each family's house reached 100 to 120 square meters.
By the time the houses were handed over in 2008, the price of the houses here had risen to 9500 yuan per square meter. It can be said that every family that moved back was a millionaire.
Not to mention families with many siblings, as long as the money was spent, everyone got their ideal house. Moreover, many of them had larger houses, and those who were relocated at a 1:2 ratio received even more houses. I heard that the person who received the most houses in the first batch of relocations got more than a dozen houses. Of course, these dozen houses varied in size and were not all 100-square-meter houses.
Even so, as long as you keep the houses, by 2025, the price per square meter here will have fallen from a peak of over 9 yuan to over 6 yuan. A dozen or so houses would then be worth tens of millions.
Of course, not everyone chose to move back. About 10% of people chose to take the money and leave. Those who took the money usually paid between 9000 and 1 yuan per square meter. This price seems quite high, but when converted to a new house, it is actually not worthwhile. So, some of the people who wanted to take the money were really short of money, and some didn't like high-rise buildings and wanted to buy low-rise buildings, so they refused to take the house. Anyway, this group of people is not too many, only a small number.
If Mao Xiaoyu joins the demolition team this time, she will definitely take the demolition compensation and leave. She is unlikely to leave the money here to wait for a house for three years. After all, if the money is in Mao Xiaoyu's hands, it will double or triple in three years, which is better than leaving it here to wait for a house.
Based on the standard of getting money and leaving after demolition in the previous life, taking 7 million is equivalent to exchanging it for more than 20 million. So, this deal might earn him more than 10 million. Thinking of this, Mao Xiaoyu couldn't help but feel a little excited.
Once I earn this money, my future will be limitless.
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