togophonebook #500 - Chapter 500 Policy loophole? You will lose all your money! Latest news!
#500 - Chapter 500 Policy loophole? You will lose all your money! Latest news!
Several months ago, real estate policies were promulgated.
First, comprehensive price controls were implemented on the real estate market.
Second, purchase restrictions were put in place.
In the past year.
Some people saw a business opportunity—speculating in real estate!
Doesn't the state mandate that the ratio of housing prices to income in Shanghai be 8?
The average income in Shanghai is soaring at an alarming rate.
What about housing prices?
They will rise along with income!
Buy this year, sell next year.
The returns could easily be several times the investment!
"Sir, we dare not violate national policies, please understand!" the sales consultant explained.
"I didn't say I don't understand!"
The man waved his hand, and a large group of people came over: "These relatives and friends of mine belong to different families, right? According to national policy, we can buy up to three houses each—come on! Three houses per person, is there a problem?"
Low down payments and low interest rates for first-time homebuyers are intended to give most ordinary people the opportunity to live in a home they need.
Controls begin with the second property!
The down payment ratio is significantly increased, and the loan interest rate is greatly increased!
The third property must be paid for in full.
The fourth property…
Is not allowed to be purchased!
In short, avoid real estate speculation as much as possible.
But…
Where in the world are there absolutely perfect rules?
I'm having each family of relatives and friends buy three houses. Which policy does that violate?
Chen Hao watched coldly.
It wasn't as he imagined, that the policies were not being implemented.
But!
You can't fix this loophole!
You can't possibly enact a law that prohibits relatives and friends of homebuyers from buying houses, right?
The key is that once this situation occurs, many people will follow suit.
Wealthy people use this method to hoard and speculate in real estate.
Purchase restrictions become a mere formality!
"This…"
The sales consultant was speechless and could only nod helplessly: "There's no problem."
"Come on! Sign the contracts and complete the formalities!" The man laughed.
50 houses!
Given Shanghai's rate of development, won't the average income at least double next year, and won't housing prices also double?
One year.
A return rate of over 100% is no different from robbing money!
"Haozi… Haozi!"
Deng Xiaoyan suddenly ran over: "Damn it! I had my eye on a house, but they won't sell it to me now!"
If a customer buys 50 houses at once without violating any policies, the sales department certainly wants to do business with such a generous big customer.
It saves time, effort, and worry.
How easy is it to complete the procedures for 50 houses at once?
Why bother with scattered individual customers?
Unfortunately.
The man heard Deng Xiaoyan's words, turned his head, and showed a contemptuous smile: "It's only natural that they won't sell it to you—I'm taking the whole building!"
"Haozi, is he saying I'm poor?" Deng Xiaoyan asked blankly.
"Pretty much."
"Damn!"
Deng Xiaoyan was instantly enraged.
Competing in wealth?
Am I afraid of a nobody like you?
"Don't worry."
Chen Hao grinned: "Buying it doesn't necessarily mean you'll make money."
Hearing his words, the man's anger was evident: "Boy! Watch your mouth, I…"
"Xiaoyan, let's go."
Chen Hao dragged Deng Xiaoyan away.
"What are you doing? This guy dares to look down on us, wait until I use money to砸死(smash dead) him!" Deng Xiaoyan said anxiously.
In the end.
He was still forcibly dragged away by Chen Hao.
After walking out of the sales office and finding a deserted corner, Chen Hao dialed a phone number.
"Haozi…"
"Don't worry!"
Chen Hao chuckled strangely: "He'll be crying later!"
…
Cao Yuanbao was very happy.
His father named him Yuanbao (ingot) because his family was too poor at the time and hoped that he would make a lot of money in the future.
After years of hard work, he had assets of ten million.
And now!
After the real estate policies were released, he saw a huge business opportunity again.
Strictly control housing prices?
Housing prices are linked to average income?
Shanghai's crazy economic development has created a fatal loophole in the policy—and one that cannot be filled.
For example, if the average annual income this year is 20,000, it may rise to 40,000 or even 60,000 next year.
Won't the upper limit of housing prices also double or triple?
Then sell it.
Assets will skyrocket several times!
When there are policies at the top, there are countermeasures at the bottom.
Including the purchase restriction policy, he also came up with a way to crack it: find relatives and friends to help buy, and secretly notarize it, proving that a certain property under the other party's name has been mortgaged to him due to debt and no longer has ownership.
He would give his relatives and friends a sum of money as a reward for helping him do this kind of thing.
The reward compared to the profit from speculating in real estate…
Is not worth mentioning!
A dozen or twenty relatives and friends helped, each subscribing for three properties, and all the procedures were completed in an hour or two.
Cao Yuanbao led them away.
"Let's go! I'm treating today…" He looked smug.
Just then.
Chen Hao walked over with a smile.
Aren't these the two kids from before?
He had to mock them!
Before Cao Yuanbao could speak, Chen Hao looked at his relatives: "Everyone, would you like to get houses for free?"
What do you mean?
The group was dumbfounded.
"As far as I know, the country has just introduced a new policy to review those who speculate in real estate by mortgaging properties through notarization."
"Anyone found to be speculating in real estate using this method will have all previous notarizations invalidated."
"Which means…"
"Whoever's name is on those houses will truly own them!"
What?!
Everyone's eyes widened.
Each of them had three houses in their name, but they didn't actually pay a cent.
Of course, given that they had already notarized that the property was mortgaged to Cao Yuanbao, the houses did not legally belong to them—they were just tools.
Cao Yuanbao would give them a reward.
20,000 each.
But!
What is a mere 20,000 yuan compared to three houses?
"Don't try to fool people, how come I haven't heard of such a policy being introduced?" someone questioned.
The questioning.
Was only because they truly hoped it was real!
"Hello everyone!"
Unfortunately, the sales manager appeared: "The country has just introduced a new policy to strictly review notarized property mortgages, targeting those who speculate in real estate by this means—please all customers, be sure not to speculate in real estate, the consequences are serious!"
Whoosh!
Cao Yuanbao's expression changed drastically.
The new regulations were simply targeted at him!
What did it mean?
The notarization was invalid!
"Second Uncle, I'm your own nephew, you wouldn't swindle me out of my house, would you?" Cao Yuanbao looked at an old man in fear.
"What house?"
The old man was excited in his heart, but said solemnly on his face: "That's my house! Yuanbao, I didn't mortgage the house to you, that notarization was you forcing me, if you don't believe me, call the police and ask?"
"That's right! The notarization is invalid!"
"Hahaha… I have three houses now!"
Got it!
With benefits in front of them, plus the newly introduced policy, those so-called relatives and friends all turned their backs in an instant.
Tearing their faces to prove that Cao Yuanbao was speculating in real estate!
Thump…
Cao Yuanbao fell to the ground.
It's over!
He invested all his money in real estate, trying to exploit policy loopholes to speculate in real estate.
As a result, the country directly blocked this path by auditing notarizations!
What about relatives and friends?
In the face of interests, they can turn their backs at any time!
And he.
Will lose everything!
"I told you long ago, buying it doesn't necessarily mean you'll make money," Chen Hao grinned.
"It's you…"
It's this kid…
No!
How could an ordinary little bastard possibly change national policy?
"You jinx!"
Cao Yuanbao was furious, jumped up, and rushed towards Chen Hao: "I'm going to slap your dog mouth!"
Bang!
Chen Hao turned around and left.
Xiang Yan flashed out and kicked him away: "Looking for death!"
"Haozi… I haven't bought a house yet!" Deng Xiaoyan hurriedly chased after him.
"What's the rush?"
"But…"
Suddenly!
Chen Hao's phone rang: "Latest news! UNESCO has applied to our country to hold the first Global Science and Technology Conference in Shanghai and present the Nobel Prize on site—Marshal, what do you think?"