Wang Junming said: "In Shenzhen Stock Exchange, the housing prices in Shenzhen are much cheaper than those in Hong Kong. The down payment is 20%. I plan to pay a house in Shenzhen Stock Exchange."

My father now works in a Hong Kong-funded foreign trade company in Shenzhen (Shenzhen). It is a small factory that does middle-level counting management and comes back once a weekend.

He has good salaries in Hong Kong-funded enterprises, with RMB 20,000 a month. In 2008, the average monthly salary standard for on-the-job employees in Shenzhen Stock Exchange was 3,621 yuan. His father's current salary is still OK in Shenzhen Stock Exchange.

However, based on the exchange rate between the Hong Kong dollar and the RMB in 2008 (1:0.84), it is 23,000 Hong Kong dollars.

My mother's current income is HK$15,000 per month.

It sounds like a good income, haha, I don’t have the qualifications to buy a house in Central, Hong Kong!

Moreover, my parents have not saved much money over the years, so they can't afford to buy a house in Hong Kong, so they can only go to the nearby Shenzhen market to buy a house.

Because you can live in a larger house!

Many Hong Kong people do this. Basically, many Hong Kong families own real estate in Shenzhen, Dongguan and Guangxi, for living or real estate investment.

Since the 1980s, many middle-class people in Hong Kong have started businesses, opened factories in the Pearl River Delta, and made a lot of money.

Wang Guanxi's father Wang Junming is from Shenzhen Stock Exchange with a registered household registration in Shenzhen. When he was young, he came to Hong Kong to work and later married his mother.

Now he works as a middle-level manager in a Hong Kong-funded factory in Shenzhen. He wants to buy a house in Shenzhen. If he wants to buy a house in Shenzhen, he will change to a larger house. Don’t live in a 28-square-meter house in Hong Kong. It’s best to move back to Shenzhen.

"The prices and consumption in Shenzhen market are much lower than those in Hong Kong, why don't we move to Shenzhen market?"

"I tell you, Sprite, the packaging is different. It costs 10 to 16 Hong Kong dollars in Hong Kong, but only 3 yuan in Shenzhen Stock Exchange, mineral water costs 8 to 12 Hong Kong dollars, but only 2 yuan in Shenzhen Stock Exchange, a bottle of Wanglaoji costs 15 Hong Kong dollars in Hong Kong, and only 3 yuan in Shenzhen Stock Exchange."

Wang Junming began to complain about the rising prices of living in Hong Kong.

Indeed, in Shenzhen, the prices and consumption are much cheaper than in Hong Kong, the house prices are also cheaper, the place is big, and the house is also big. He lives in the company's employee dormitory, which is bigger than the house at home. It is great to rent a single room of RMB 800 outside, and it is also bigger than the house at home. It costs 4,000 to 6,000 Hong Kong to rent an ordinary single room in Hong Kong.

Eating an ordinary fast food in Shenzhen is only 8 yuan or 10 yuan, which is already very good. Eating an ordinary fast food in Hong Kong costs HK$30. If you count vegetables, meat and various commodities, they are all cheaper than those in Hong Kong.

However, the whole family is used to living in Shenzhen. It is very unfamiliar with Shenzhen Stock Exchange and is not used to it. Moreover, my mother also works in Hong Kong, so she can't go to Shenzhen Stock Exchange to find a new job.

Moreover, Wang Guanxi is still attending middle school in Hong Kong. It would be a lot of trouble to transfer to Shenzhen Stock Exchange.

Mo Yunzhen objected: "If I don't move, I'm used to it. Xizai still has to go to school, so I can't transfer to school."

"If you buy a house, buy a house, just move."

Wang Junming thought for a while and said, "Okay, just think of buying a house and investing."

He also asked tentatively, but he didn't expect that his wife firmly opposed moving, so she wouldn't move anymore. Moving was really troublesome. Anyway, I've lived in this small house for so many years and I've gotten used to it.

Moreover, Wang Guanxi is still in middle school. If he moves to Shenzhen Stock Exchange, it is indeed not convenient. Wang Guanxi can't be allowed to live on campus.

Wang Guanxi smiled and said: "Dad, usually daily necessities in Hong Kong are very expensive, and luxury goods in Hong Kong are cheaper, so Hong Kong is a paradise for the rich."

After hearing this, Wang Junming smiled and said, "This time I can definitely make a lot of money by buying a house in Shenzhen."

"In the future, I think the housing prices in Shenzhen may catch up with the housing prices in Hong Kong. I have already negotiated with the bank and plan to pay 20% down payment to buy a house worth 2 million yuan."

At this time, Wang Guanxi said: "Dad, don't buy a house in Shenzhen market this year."

This year is the moment when the US subprime mortgage crisis broke out. The US real estate is collapsing and will soon affect the world. The financial tsunami and the economic impact are extremely terrifying. Countless companies go bankrupt and families go bankrupt. House prices in Shenzhen market plummeted in 2008, and a large number of foreign trade companies went bankrupt.

Holding on to the footprints of history, his father bought a house in Shenzhen market with a loan, and then his Hong Kong-funded foreign trade company went bankrupt and lost his job in the global economic crisis. He could not pay off his mortgage, and basically lost all his money. After so many years of accumulation, he disappeared.

Wang Junming asked, "Why not buy it?"

"The house prices in Shenzhen Stock Exchange are rising now, and their house prices are still very low."

"I bought it now, after 5 years, 10 years, it will definitely be many times more."

Wang Guanxi: "What I mean is that, but the US real estate has collapsed and an economic crisis will break out soon, affecting the world. At that time, housing prices in Shenzhen markets will plummet and housing prices in Hong Kong will plummet."

"You can buy it again at the end of the year, so there is no need to hurry now."

Wang Junming asked, "Where did you get the news?"

Wang Guanxi said: "A American classmate said that now American real estate has collapsed, a large number of American families have defaulted, filed for bankruptcy, and threw the house to the bank. This trillions of dollars in debt is a financial nuclear bomb that will destroy the global economy. Global housing prices will definitely plummet this year."

"Dad, if you want to buy a house and invest, then buy it after the house price plummets."

In 2008, the housing prices in Shenzhen exceeded 40%. Some real estate projects with many speculators reduced prices by more than 50%. Many people bought property with loans at that time, which means that the money they sold the houses were not enough to pay back the bank's loans.

After the financial crisis spreads around the world, the average house price in Shenzhen market will fall to around 10,000 per square meter, and in 10 years it will reach 54,000 per square meter. The expensive area will exceed 100,000 per square meter.

His father wants to buy a house and invest in Shenzhen market, which is of vision, but having vision does not mean that he can make a fortune.

When Wang Junming heard this, he was frightened and stopped. After a while, he took a deep breath and said, "I have been waiting for so many years for buying a house. It's okay to wait for another 9 months, so I'll buy it at the end of the year."

"It would be great if housing prices really plummeted."

Mo Yunzhen also sighed: "House prices in Hong Kong have not fallen for a long time. You can basically not afford to buy a house in Hong Kong. It's better to buy a house in Shenzhen Stock Exchange to invest."

Then Wang Junming settled the score and said, "In 10 years, Xizai is 26 years old and can get married. The house I bought will increase its value many times by then."

Wang Guanxi was so sad when he heard this. It turned out that his father had this plan in his heart.

He swore in his heart that he would let his parents live in a big villa this year, a big villa in Shenzhen Stock Exchange!

Then he said, "Dad, you don't have to worry about getting married in the future. I will make a lot of money. I will buy everything myself and I will let you live in a big villa!"

Mo Yunzhen immediately picked up a piece of pork belly for Wang Guanxi: "Hey, come on, remember to study hard at school."

Wang Junming said truthfully: "Don't dream, you should study hard now and get into the top 50 in the school first! Remember not to fall in love early!"

Wang Guanxi: “…”

Not believed.

He just treated his words as a child's fantasy, and he was catching them in his heart.
Chapter completed!