Chapter 35

Chen Fan looked at the time and it was indeed late.

Generally speaking, the fireworks at Tianhai Lake Plaza will continue until the early hours of the morning.

It is impossible for him and Yan Xinran to wait here until the fireworks are over before leaving.

So, after hearing Yan Xinran say that it was time to go back, Chen Fan stood up and said:

“Where is your home? May I see you off?”

Yan Xinran smiled, pointed to the side of the guide and said:

“No need to deliver it. My house is not far away, just across the pedestrian street across the road.”

“I can just walk a few steps by myself!”

Chen Fan smiled slightly:

“It’s okay, since it’s not far, let’s walk over together.”

“It happens to be on the pedestrian street in front, I’ll do something.”

Seeing that Chen Fan had said so, Yan Xinran did not continue to decline.

The two stepped on the pavement illuminated by the lights and walked towards the south of Tianhai Lake Square.

Because it is 30 years old, you can hear the sound of firecrackers wherever you go.

Yan Xinran seemed to be curious about everything around him, and would often look at this and that.

I have to say that Yan Xinran’s looks are really high.

On the road, she has a high rate of returning heads,

But Yan Xinran himself didn’t pay much attention to this.

When she reached the gate of a community, she smiled at Chen Fan:

“This is my home!”

“Student Chen Fan, I will go back first. You must pay attention to safety on the way back!”

“Yeah! I will take care of my safety.”

Yan Xinran waved his hand cutely, then turned and walked into the community.

The community she lives in, Chen Fan knows, in the current Tianhai City, it can be regarded as one of the top three communities.

It can be seen from this that Yan Xinran’s family background is indeed as rumored, quite good.

But Chen Fan didn’t pay much attention to this, after all, he can be regarded as a small person now.

When He Yan Xinran left Tianhai Lake Square, Chen Fan told Yan Xinran that he wanted to do something here, but he was not actually looking for an excuse to send Yan Xinran home.

But here, he really wants to understand one thing.

Opposite Tianhai Lake Square, there is a commercial pedestrian street called Tianhai Lake.

The investor in Tianhai Lake Commercial Pedestrian Street is a local real estate company in Tianhai.

Speaking of which, this real estate company is also down with blood mold.

It was probably at the end of 2007. I don’t know where the real estate company heard the gossip that it was going to build a subway on Tianhai Lake.

Then the real estate company spent money to buy a piece of land here and invested in a commercial street.

As a result, after several years, nothing happened on the subway.

The commercial street developed by this company was originally intended to be owned by itself, and then leased to various merchants to collect rent.

As a result, because of the lack of popularity here, the merchants who opened shops in this pedestrian street lost their money.



In 11 years, that is today, almost all the businesses in the pedestrian street have left here, which has led to no one to bother about the shops in the pedestrian street.

There is no income, but it has to continue to invest money to maintain the operation of the commercial street. This real estate company found that if this business continues, it will be a bottomless pit of money loss.

So this company wanted to pack and sell the commercial street,

Finally, in the summer of 2011, they sold off the commercial street.

As a result, in the summer of 2011, the commercial street was successfully sold at a low price. In early 2012, Tianhai City issued a plan for the transfer of the city center.

The economic center of the city will be transferred from the north to the south.

Near Tianhai Lake Square, schools, new government office buildings, and hospitals will be built.

The land price in the south of the city showed an explosive growth in an instant.

All major real estate companies have started to buy land here and prepare to build communities.

The value of Tianhai Lake Pedestrian Street has been greatly improved all of a sudden!

What Chen Fan is considering now is whether to take this opportunity to take down this pedestrian street.

To be honest, Chen Fan feels that what he is considering now is a more dangerous investment plan.

In this era of 2010, there is a saying in the industry that invests in shops: One shop is rich and three generations.

But in 2020, the phrase “one shop rich and three generations” instantly becomes: three generations raise one shop.

In 2010, I heard that you have an investment shop, others will look at you with envy, and then tell you something awesome!

But when you reinvest in shops in 2020, others will only scold you!

Investing in shops and investing in housing are completely two concepts.

The main difference between the two is reflected in transaction taxes and fees.

When investing in real estate, the taxes and fees that need to be paid are not high when conducting transactions in the future.

As for investment shops, they will be sold for a second time in the future, and the tax that needs to be paid is based on the percentage of the price appreciation of the shops, which is tens of percent.

Suppose you buy a shop at a cost of 1 million! Ten years later, the price of the store has risen to 10 million, and then you want to sell the store at this time, so the tax you have to pay may need 6-8 million!

In later generations, someone said a very vivid metaphor for investment in commercial real estate.

This is a typical investment industry where the risk belongs to oneself and the income belongs to others!

You can fry real estate, you can fry mung beans, even if you fry Tibetan mastiff or Persian cat, you can never go to fry shops.

Looking through the comparison of house prices in 2010 and 2020,

The price of housing has risen terribly.

Basically, real estate speculators earn a lot of money.

But what about the shop speculators? For ten years, the price of shops has remained unchanged, and has not risen even a dime.

These speculators are basically losing their money!

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