Chapter 8: Rise and Fall of House Prices
Around five o'clock in the evening, Li Luo took his bowl and chopsticks and sat down at the dining table.

After the high school entrance examination, Lin Xiuhong and Li Guohong only asked a few questions.

After realizing that he couldn't get any reliable answers from Li Luo, he just stopped caring.

Anyway, the high school entrance examination results will be released at the end of the month, which means that in about two weeks, this matter will be settled.

By then, regardless of whether he reaches the minimum score for regular high school or not, as his parents, they will definitely find ways to send Li Luo to a regular high school.

After thinking this through, they stopped dwelling on the matter and instead turned the conversation at the dinner table to more important matters.

"I mentioned this to you last night. Wei Dongrong talked to me about it again today." Li Guohong smacked his lips while eating his food and said to his wife, "His project sounds quite reliable. I heard that many of his relatives have invested in it. Can you go and ask around these days?"

"Do you really want to vote?" Lin Xiuhong frowned.

On the one hand, this was a project undertaken by the husband of Zhang Xuefen’s arch-enemy.

On the other hand, the family originally planned to use the money for other things.

So Lin Xiuhong was still a little hesitant: "You have to think it over carefully. Our family is not like theirs. We only have this much wealth."

"Yes, I know." Li Guohong nodded. "So we still have to be careful and ask more. We can't just listen to what they say."

"Even if this project sounds good and we plan to invest money, we will definitely invest 100,000 yuan to test the waters at the beginning."

"If the follow-up is really reliable, we will consider follow-up investment."

"You're right." Lin Xiuhong still frowned, "But...what about your uncle? Didn't he say before that he was planning to take over their house?"

"I did think so before." Li Guohong said helplessly, "But you also know that the housing prices in Yuhang City have been falling in recent months. If I take over now, what if the housing prices don't rise in the future?"

After hearing these words from his parents, Li Luo subconsciously stopped eating.

Especially when he heard the last part, he couldn't help but twitch the corners of his mouth.

In his previous life, his father talked to him about investing in real estate projects, but he never mentioned to him that the family had plans to buy a house at that time!
It is still 2014 now. In the next five or six years, the housing prices in Yuhang City will rise sharply, from an average price of around to a maximum of .

Some prime locations are even outrageously expensive.

If my family had not invested in my cousin Wei Dongrong's crappy project, and instead used the money to buy a house, the return on investment would have been much more exaggerated.

When he thought of this, Li Luo suddenly felt a toothache.

"I remember... Isn't Third Grandpa's home in the village?" Li Luo asked in a low voice, "Are they going to sell the small villa that was demolished in the village?"

"That's definitely not it." Li Guohong looked at his son speechlessly, "That's the ancestral home, how can it be sold? What we want to sell is a house near Yinjiang River."

"By the Yin River?" Li Luo blinked, thought for a moment, and then asked, "Isn't that the place next to the Affiliated No. 1 Middle School?"

"Yes." Li Guohong nodded, "When your cousin was admitted to the No. 1 Middle School, his family bought a school district house there specifically for him to live in while he was in school."

"It's been two or three years since we graduated. Your cousin plans to study abroad, which will cost a lot of money, so they thought about selling this house."

"After all, renting out the property normally doesn't make much money for them, and they have to change tenants frequently, which is very troublesome."

After hearing this, Li Luo nodded in understanding, and probably figured out the reason.

So my parents thought that housing prices might continue to fall, so they chose the real estate project with a stable investment return?
"And the location of that house is too remote." Li Guohong continued to talk and analyzed to them, "The location of the Affiliated No. 1 Middle School is close to the suburbs."

"Our Yinjiang District is located in the remote northeast of Yuhang City, and the Affiliated No. 1 Middle School is located in the northernmost part, close to Yinjiang River, and is six or seven kilometers away from the most prosperous area of ​​Yinjiang District."

“If it weren’t for the fact that it’s close to Qianjiang University and the No. 1 Middle School, and therefore considered a school district house, who would buy it?”

"Besides, you can't go to these two schools just by buying a house. Don't you have to rely on your real ability to get in?"

After Li Guohong said this, Li Luo could understand.

After all, the area in the north of Yinjiang District is still at the stage of urban-rural fringe, with many factories located there and many outsiders working there, so the environment is very mixed.

But Li Luo knew very well.

About half a year later, Yinjiang District began to plan this area in the north.

In two years, there will be a subway line running from the center of Yuhang City directly to the suburbs of Yinjiang District North.

No.1 Middle School and Qianjiang University are the terminus of the subway.

At the same time, the area south of Qianjiang University will become the Times Tianjie commercial district with huge traffic in the future.

The housing prices in the vicinity also skyrocketed like a rocket, from just over ten thousand to over twenty thousand.

And in Yinjiang District right now, ordinary people are still unaware of all this.

People of the same social class as Li Guohong and Lin Xiuhong could not have access to more information, so it was naturally difficult for them to imagine the rapid development of the northern part of Yinjiang District in the future.

But in Li Luo's eyes, it is a huge treasure!

Thinking of this, Li Luo immediately started thinking and recalled every detail of the past, hoping to find some useful information to convince his parents.

At least we have to make them hesitate about Wei Dongrong's project.

So a few minutes later, when Li Guohong and Lin Xiuhong continued to talk about this matter, Li Luo interrupted again: "Dad, let me ask you a question."

"What's wrong?" Li Guohong was stunned for a moment and turned to look at his son.

"I remember the subway at the South Station is about to open, right?"

"Yes." Li Guohong nodded, "This summer, probably. I don't need to drive anymore. I can just take the subway at South Station and get to the city in half an hour."

"Will the subway continue to extend its lines in the future?" Li Luo continued to ask with a very innocent expression.

"That's unlikely." Li Guohong frowned. "Our Yinjiang District is already remote. It's good enough that the subway can reach the South Station."

"But..." Li Luo also frowned, with a puzzled expression on his face, "Dad, do you know the deputy monitor of our class?"

"what happened?"

"That's Shao Heqi." Li Luo said seriously, "His father is an official."

"Oh, I have some impression of him." Li Guohong suddenly realized that he had seen him at a parent-teacher meeting at school before.

"Then do you know?" Li Luo said in a persuasive manner, "Shao Heqi mentioned this before when he was showing off in class. His family recently bought a house near the Affiliated No. 1 Middle School, and he also said that he would definitely make money in the future."

"Hmm?" Li Guohong raised his eyebrows, attracted by Li Luo's words, "What do you mean?"

"We were curious, so we asked." Li Luo blinked, "He said his father had told him something. It is said that the subway at South Station will be extended three or four stations later, and the terminal station may be Qianjiang University."

After these words were spoken, Li Guohong and Lin Xiuhong were silent for a moment.

The two of them were digesting the news. After looking at each other, Li Guohong couldn't help asking, "Did you hear it right? Did your classmate really say that?" "Yes." Li Luo nodded with a firm look on his face, and then asked curiously, "Dad, I remember you said before that after the subway was built near the South Station, the housing prices went up a lot."

"Just now you said that the house that Third Grandfather's family wanted to sell was near the No. 1 Middle School, and that's when I remembered this."

"As for Shao Heqi, many people in the class know about his family buying a house near the No. 1 Middle School. Ying Chanxi, you've heard him talk about it, right?"

Ying Chanxi, who was eating obediently at the side, recalled something when she heard Li Luo ask her, then nodded: "Well...I think I said that at the beginning of the year."

That was definitely said.

After all, when Shao Heqi said this, he was standing next to Ying Chanxi's desk and deliberately bragging to other boys.

It would be strange if Ying Chanxi didn’t know this.

but.

Shao Heqi definitely didn't mention the subway incident. Li Luo exaggerated it.

But what Li Luo asked Ying Chanxi was whether Shao Heqi's family had bought a house there.

Li Guohong and Lin Xiuhong felt that Shao Heqi's family really knew that the subway would be extended to that place in the future.

He immediately lured his parents into this logical trap, and made them somewhat moved.

To know.

In the past six months, the overall housing prices in Yuhang City have been falling slowly.

But in Yinjiang District South Station, due to the opening of the subway line, the surrounding housing prices have risen instead of fallen.

The house that Li Luosan's grandfather owns is currently priced at around 11,000 yuan, while the price of houses near the South Station subway station has risen to around 15,000 yuan.

It is one of the few prime locations in Yinjiang District that has not fallen along with the broader market.

If the subway line will extend to the No. 1 Affiliated Middle School and Qianjiang University in the next few years, then wouldn’t the house in my third grandfather’s house have great potential?

If the housing prices could rise by half as much as they do now around the South Station, the returns would be much more attractive than the 10 percentage points interest rate offered by Wei Dongrong every year.

However, neither Li Guohong nor Lin Xiuhong are impulsive people.

Especially since these words came from the mouth of a kid like Li Luo, we still need to consider them carefully.

Buying a house is not like investing. Their total assets are only about 600,000 to 700,000 yuan, which they have saved up through hard work over the past decade.

The investment from Wei Dongrong is not that bad. The minimum investment is only 100,000, and the risk is not that great.

Once you decide to buy a house, even if it is a second-hand house like your third uncle's, the price will be cheaper because you are in a hurry to sell it.

But for Li Luo's family, they still need to borrow a mortgage to afford the house.

You have to pay 600,000 or 700,000 yuan as a down payment, and then you have to take out a mortgage of at least one million yuan.

It would be fine if house prices go up in the future.

If house prices fall, it will be a heavy blow to the whole family.

Moreover, once you take on a mortgage, the financial pressure on your family will naturally increase, and you will have to pay more attention to your daily consumption.

"If that's the case, then it's not impossible to buy the house at your uncle's house?" Lin Xiuhong hesitated for a moment and said to Li Guohong.

"Let's wait and see." Li Guohong frowned, a little unsure, "Anyway, no matter what, I have to go and take a look at Wei Dongrong. It's already been agreed upon."

"As for my uncle, I'll go check on him in a few days and ask him if there's any news about the subway."

Having said that, Li Guohong did not expect to find out anything about the subway line planning.

This kind of information is simply not something that people of their level can obtain in advance.

If even he could find out, it means that many people in Yinjiang District should already know about it.

On the contrary, although there is no news on the surface now, the family of Li Luo's classmate Shao Heqi bought a house near the No. 1 Middle School Affiliated to it, and claimed that they would definitely make money in the future as a subway would be extended there.

The more this kind of news was kept secret, the more it seemed to be true to Li Guohong.

As for Li Luo, he didn't say anything more at this moment.

As a child, this is enough.

If we continue to encourage them, it might even have the opposite effect.

Today's test is enough. Later on, I will slowly test my parents' attitude and try to dissuade them from investing in my cousin's real estate project.

"Ah...it would be better if Li Luo could do better." After chatting for a long time, Lin Xiuhong suddenly said, "If you can get into the No. 1 Affiliated Middle School, your father and I will buy the house from your third grandfather's house and let you live there while you go to school."

"Indeed." Li Guohong smiled and agreed, "The apartment is just across from the No. 1 Middle School. It only takes a few minutes to walk to school. It's very convenient and saves me from having to live on campus and squeeze into a dormitory with others."

When Li Luo heard this, he rolled his eyes. His mind, which had been planning to calm down, wavered again. He then coughed twice and said, "Can't you have a little confidence in me? What if I really pass the exam?"

"Ha." Li Guohong was so angry that he laughed, "If you are really capable of passing the exam, I will buy a house without saying a word! If you are really so ambitious, what can't your parents agree to?"

When Li Luo heard his father say this, he immediately raised his eyebrows, but did not provoke him any further.

These words from my parents will probably be of some use after the test results come out.

Thinking of this, Li Luo felt a little more relaxed.

The family continued to eat, and at around six o'clock, when they were full and had enough food and drink, Li Luo obediently got up and took the dishes to the kitchen to wash them.

"The sun is rising from the west?" Lin Xiuhong looked at Li Luo in surprise, "Why are you so active today?"

"Of course my son is sensible." Li Luo turned his head and said shamelessly, "So, mom, when will you give me the pocket money for the summer vacation?"

"Get lost." Lin Xiuhong rolled her eyes. "If you talk about this again after you finish washing the dishes, I'll give you some."

The mother and son were arguing through the kitchen door, while Ying Chanxi quietly went into the kitchen and washed the dishes with Li Luo.

After the kitchen was cleaned up, Li Luo patted Ying Chanxi on the shoulder and said to her, "Is your computer usable? Lend it to me later."

"Oh." Ying Chanxi nodded, "But don't play too late, or your mother will scold you again."

"You're more nosy than my mom." Li Luo pouted, "Just say I'm going to your house to study."

"I don't believe you."

(End of this chapter)