Reaching the age of thirty, my income randomly doubled

Chapter 176: Chapter 152 Meng Ziyi sings a song_3

In the domestic market, they started bottom fishing for land since the nineties.

In the domestic real estate market, making money mostly involves crazy leveraging.

But Li Ka-shing from Xiangjiang is different; he barely uses leverage at all.

He doesn't really build houses either, just leaves a few excavators there, continuously wasting time.

Only when the land value increases does he make a move.

He doesn't actually build houses.

For such a giant to be withdrawing capital so rapidly under these circumstances.

It's not just one or two pieces either, but a full-scale divestment.

Be it the land he holds or commercial real estate, he's selling it all at a low price.

No matter how people on the internet view this move, in business terms, for people in the business world.

Old Li's withdrawal is a very obvious signal.

After all, he has a famous saying, "Never earn the last penny."

Safety first.

At such a moment when the domestic economic situation seems to be flourishing, a business giant with such foresight announces his exit from the mainland market.

The signal here is just too strong.

After all, Li's foresight has never been wrong.

Otherwise, how could he remain the wealthiest man in Huaxia, or even Asia.

Those who are truly in the business world know, if you don't count those royal families that can't be exposed.

Old Li from Xiangjiang absolutely occupies the top position as the wealthiest in Huaxia.

When it comes to cash or other assets, there are very few who can compare with him.

After all, he was someone who could withdraw over a billion in cash during the nineties.

Who else could do that in the mainland?

"I estimate that Old Li has already judged the domestic real estate situation," Meng Ziyi said.

"When people are crazy, I quit; when people quit, I take. What do you think is going through his mind?"

"No need to guess. Looking at his withdrawal this time, it's pretty obvious he's no longer optimistic about domestic real estate," Tong Zelan said.

Tong Zelan said, "It could be as short as one or two years, or as long as three to five. If real estate has a problem, it will really be like pulling on a single thread and moving the whole body. Everyone, no matter what, it's best to reduce your debts in advance and prepare for the real estate winter."

This woman actually shouted the slogan of the real estate winter.

The situation does not look optimistic.

Actually, there are lessons to be learned from abroad, for instance, Small Day.

Didn't their real estate market collapse once before?

House prices dropped by 90% within a year, leading countless people to suicide by jumping off buildings. Join the adventure on m-vl-e-mpyr

The economy regressed by twenty years overnight.

The Americans experienced something similar in 2008; the global financial crisis that year was caused by the subprime mortgage crisis triggered by America's two largest real estate companies.

This led to a stock market disaster, affecting the whole world.

As for Tong Zelan, she'd rather die than invest in real estate again; actually, many people have already started to constrict their financial roots in this domain.

But the thing about real estate is that its impact is too significant; it's not something you can simply reign in if you want to.

Moreover, there's a critical point; everyone in the mainland has already started speculating in the housing market, and if there's a problem with that,

nobody dares to think too deeply about it.

Tong Zelan even specifically called a small group from her class for a discussion that evening, in a nutshell.

Avoid high leverage at all costs in the coming years.

If real estate has a problem, that is, if house prices start to fall,

then the banks will need to prepare for winter, not to mention the rest of us.

It's a lot of information.

Anyway, she has given her warning; whether you listen or not is entirely up to you.

She even made a special trip to Xiangjiang last month to visit the Li and Zheng families there with an elder from her own family.

The information she got was not very optimistic.

Everyone fell short of explicitly stating that a turning point in real estate is imminent.

It's already the last of the madness.

The wise ones are quietly transferring assets while others are in a frenzy.

Ensuring a safe landing is the most important.

One can only say that Old Li's move this time was too big; almost everyone at that level wanted to visit him in Xiangjiang.

Never underestimate the instincts of business people; when something like this happens, actually, everyone can make their own judgment.

It's just a matter of making different choices.

Most of those who make it into that circle can realize that housing prices cannot endlessly rise.

There isn't a single industry that can remain brilliant for decades.

Knowing it is one thing, but whether you can safely land is another matter.

Take Old Li's divestment, for example; the whole internet is cursing it.

Can the average person withstand it?