Dragon's Origin

Chapter 613: Completion (Part 1)

Mortgage? Mei'er and Rose were dumbfounded by Wang Sheng's summary. Lending and borrowing can be done like this? But this is indeed lending and then collecting, there's nothing wrong with it.

Twenty years, or even thirty years, to repay the purchase price of a house, this is a fatal temptation for those who can't scrape together enough gold coins at once but have a great future! Living in a new house twenty years earlier, and in the outer city of the capital, this temptation is off the charts!

Wang Sheng isn't being unreasonable, paying interest monthly at a rate of one percent per month. If borrowing annually, it can be reduced to ten percent per year.

This interest rate, if placed on Earth, would definitely be cursed to death by the majority of home buyers, but in this Yuanhun world, this is already an exceptionally rare act of kindness. Anyone who dares to criticize this interest rate is simply an ungrateful, white-eyed wolf, the kind of black-hearted bastard who eats from the bowl and curses the cook.

"Remember, this mortgage, only do it in the capital, using the houses in the capital as collateral," Wang Sheng instructed the two women. "Collect a 30% down payment, and only then can you lend the remaining 70%. If the homeowner can't repay the loan, then there's no choice but to take the house. This must be explained in detail beforehand, so people don't think we're oppressing the good and honest."

"But with only a 10% annual interest, how much can we earn?" Rose didn't seem to think it could reach the level of income Wang Sheng mentioned. "Even if we lend out one hundred million, the annual income is only ten million gold coins, that's too little, right?"

"How much can all the land and houses in the capital sell for?" Wang Sheng smiled. "Don't think of everyone as being as rich as the various princes. The vast majority can't afford it. When the time comes, you calculate how much you'll earn."

The total price of all the land and houses in the capital, even if only 70% of the people take out loans, and loan 70%, that's half of the total price of the capital. An annual interest of 10%, this number is already breathtaking.

"But where do we get so many gold coins to lend?" Mei'er suddenly thought of a problem and asked Wang Sheng.

Although Wang Sheng's industry is making money now, the cash on hand is at most one billion. Given the volume of real estate in the capital, this amount of gold coins is only enough for the start-up capital, and then to do something else. Lending out, where would so many gold coins come from? Even if you're not worried about not getting it back, what will you lend without gold coins?

"Silly girl, who do they buy houses and land from? Who will the gold coins ultimately go to?" Wang Sheng reached out and scratched Mei'er's little nose. "Isn't it just your left hand passing to your right hand? You don't even need to take out gold coins. Collect their 30% down payment, point to the house and tell them, this is yours. Go through the formalities in the government office, the remaining money doesn't need to be given, let them sign and stamp the loan contract, and then pay back monthly and annually. Do you still need to take out gold coins to give them?"

Mei'er and Rose suddenly understood. If they operate like this, only receiving and not giving out, how many gold coins would they need?

Perhaps a 30% down payment at the beginning seems like it can't reap the maximum benefit, but when calculating the interest later, if you take out a loan for ten years, it's equivalent to twice the price of the house. This income can scare people to death.

What's even more wonderful is that this doesn't require much capital. You only need enough people to register and calculate. Then you don't have to do anything, and there will be a steady stream of gold coins coming in, how wonderful? Even more, you don't have to worry about people defaulting. Mei'er is waving the imperial banner. In this world, anyone who dares to default on the imperial family's account won't live for many days and won't sleep peacefully for long. What's more, when people die, the house still has to be taken back, just treat the previous down payment and the repaid loan as rent. Are you still worried about selling houses in the capital?

"Isn't there another ward next to Dream Workshop?" Wang Sheng knew that Mei'er bought two wards at the same time. "Renovate that ward, and don't do anything else, just do this. Sell houses with loans, then find a way to do insurance, and finally do gold banking. We'll play those bastards to death."

Wang Sheng didn't say what insurance is or what gold banking is, and Mei'er and Rose forcibly suppressed their curiosity and didn't ask. But they already had a concept in their hearts, that is, in this regard, their master already had a complete idea.

Simple lending and borrowing at the beginning already has such a return, then how much will those subsequent insurance gold banking things earn? No wonder the master said it was a business of robbing money, it really comes faster than robbing money.

Just thinking about this simplest mortgage has already made the two women sleepless. It seems that there is still a huge chain behind it. The two women themselves dare not ask further, let's digest what they asked first!

In any case, tomorrow they have to explain clearly to those bastards and let their own country lord make a written statement, otherwise they won't play with them.

"Mortgages involve many things, the government must be taken care of. All contracts must be filed, stamp duty must be paid to the government, and there must be a government umbrella. Don't think you are a princess, but public is public and private is private, what should be taken care of must be taken care of." Wang Sheng instructed the two women to pay attention to some details: "Buying the original old houses and old land in the capital, you must also give people the opportunity to move back, you can offset the new and old plus the price difference, or you can take out a loan, in short, you must consider everything, and you can't leave a bad name."

"If the reputation is ruined, it will be difficult to do any business, right?" Mei'er responded with a smile: "My sisters understand, master, don't worry! Our family has never done any forced buying or selling, and the reputation is very good."

"Well, remember this." Wang Sheng said casually: "A good reputation can be eaten."

How could Mei'er, a female tycoon in the business world, not understand this, even Rose nodded repeatedly.

"By the way, master, has your jade ball been carved yet?" Mei'er leaned into Wang Sheng's arms and asked Wang Sheng coquettishly: "It's been several months."

"It's only been more than two months." Wang Sheng smiled: "It's the first time I've done it, and I'm a little rusty. It'll be soon, at most half a month and it'll all be done. When the time comes, I'll take you to see the assessment for promotion to Grand Master."

Mei'er had seen Wang Sheng's assessment for Wu Master's promotion to Blacksmith Grand Master at Linglong Pavilion last time, but Rose hadn't seen it. Every time she heard Mei'er talk about Wang Sheng's eloquent performance at the time, she couldn't help but admire it. This time, she finally waited for Wang Sheng to be the protagonist. Even if the sky falls, Mei'er and Rose will definitely go to the scene.

"Speaking of which, master, it's just a white jade ball, what magical thing can you carve out?" Mei'er didn't know Wang Sheng's ultimate goal, the white jade ball was just what she saw at the beginning. Since Wang Sheng entered the workshop, the workshop has not allowed people to enter and exit casually, Mei'er did not go in to disturb Wang Sheng, now that her curiosity has arisen, she can no longer bear it.