Do homebuyers still have money? đ
Donât worryâthereâs more than enough, endless.
Our housing reform and commercialization started in 1998. Back then was so tough; people born in the â80s think about it now and still get jolted awake at midnight, shivering with fearâwhile their parents, for lack of a better word, âwent down the hill.â It was probably a hundred times harder than today. But what then? Commodity housing still took off with a bang.
At that time, peopleâs wages were generally 1,000 yuan. In big cities, the price of commodity housing in the city center was 3,000â5,000.
Someone would definitely say: âI canât afford it.â [crying laugh] And you shouldnât interruptâfive-star banquets were never prepared for you.
The sales office didnât even plan to notify you.
In the market, there are always 20â30% of consumers who have the means. Using them as startup capital, by inching and pushing bit by bit, they managed to pry open the entire market.
If you donât have money to buy, then go sell building materials firstâbe a middleman. After a few years, youâll have money.
Your family is still short 50%? No worriesâYinHang will lend it to you.
Back then, there were tons of people who were âstuck at home.â The launch of housing reform brought enormous employment opportunities. One by one, they all came around.
My relative back then was a cousin who graduated from a technical school. His experience was practically miraculous.
He went to New Zealand to work in the early 1990s. Later, due to health reasons, he couldnât keep working. In 1999, with 520,000 yuan in cash, he came back and bought two old residential properties near Nanjing Road in the city centerâone 57 square meters, the other 42 square meters.
After coming back, he had no job, so he became the first batch of private intermediary shop managers along the Bund.
Twenty years later, the house he bought for 520,000 is worth 1,000 times.
He did middlemen work for more than twenty years, and in the meantime earned two more small unitsâalso worth 1,000 times.
Now he has four old, run-down âtear-down-to-vanishâ apartments. His monthly rental income is 1.8 timesâplus a pension of 4,200, total monthly income is 2.2 times. And he also has 2,000 worth of fixed assets. Heâs living the kind of crazy good lifeâevery day he has people inviting him out, asking him to âhave a go.â He doesnât even take offense. He goes for it, loud and fastâmaking me cry with envy.
Donât worryâthereâs more than enough, endless.
Our housing reform and commercialization started in 1998. Back then was so tough; people born in the â80s think about it now and still get jolted awake at midnight, shivering with fearâwhile their parents, for lack of a better word, âwent down the hill.â It was probably a hundred times harder than today. But what then? Commodity housing still took off with a bang.
At that time, peopleâs wages were generally 1,000 yuan. In big cities, the price of commodity housing in the city center was 3,000â5,000.
Someone would definitely say: âI canât afford it.â [crying laugh] And you shouldnât interruptâfive-star banquets were never prepared for you.
The sales office didnât even plan to notify you.
In the market, there are always 20â30% of consumers who have the means. Using them as startup capital, by inching and pushing bit by bit, they managed to pry open the entire market.
If you donât have money to buy, then go sell building materials firstâbe a middleman. After a few years, youâll have money.
Your family is still short 50%? No worriesâYinHang will lend it to you.
Back then, there were tons of people who were âstuck at home.â The launch of housing reform brought enormous employment opportunities. One by one, they all came around.
My relative back then was a cousin who graduated from a technical school. His experience was practically miraculous.
He went to New Zealand to work in the early 1990s. Later, due to health reasons, he couldnât keep working. In 1999, with 520,000 yuan in cash, he came back and bought two old residential properties near Nanjing Road in the city centerâone 57 square meters, the other 42 square meters.
After coming back, he had no job, so he became the first batch of private intermediary shop managers along the Bund.
Twenty years later, the house he bought for 520,000 is worth 1,000 times.
He did middlemen work for more than twenty years, and in the meantime earned two more small unitsâalso worth 1,000 times.
Now he has four old, run-down âtear-down-to-vanishâ apartments. His monthly rental income is 1.8 timesâplus a pension of 4,200, total monthly income is 2.2 times. And he also has 2,000 worth of fixed assets. Heâs living the kind of crazy good lifeâevery day he has people inviting him out, asking him to âhave a go.â He doesnât even take offense. He goes for it, loud and fastâmaking me cry with envy.