home

search

Chapter 7: The Hainan Real Estate Bubble (Part 1)

  Insufficient balance

  "Mom, is it Second Uncle who has come."

  Zhang Yahui responded with a "hmm", turned her head to Tang Tianhao and said, "This kid has sharp ears, was just sleeping, but as soon as he heard the sound, he knew you were here. I wonder what else he's after from you this time." As she spoke, she couldn't help but laugh first.

  Tang Tianhao does business outside, and every time he comes to see Tang Yu, he brings a big pile of gifts, either delicious food or fun things. So every time he comes, Tang Yu first rummages through the bags he brought, and has never been disappointed, always finding a big pile of surprises.

  As for his second uncle Tang Tianhao, he is also a number one figure in Dongling City, and at a young age, he has accumulated a net worth of tens of millions from scratch.

  Moreover, when Tang Yu's second uncle started his business, Tang Yu's father was completely unable to help him in the city. In a department like the Party History Research Office, he couldn't even lend a hand to his second brother. It can be said that Tang Yu's second uncle's wealth of tens of millions is entirely his own hard work. It is also due to his own vision and courage, plus a bit of luck.

  Tang Yu remembered that in the history of primitive accumulation of contemporary capital in China, it can be roughly summarized into four stages: the first is individual entrepreneurship craze, the second is company establishment craze (a product of price dual-track system), the third is stock craze, and the fourth is land enclosure craze (real estate craze). During these four golden periods of capital accumulation, his uncle had a keen eye and managed to catch up with all of them, starting his business just in time for the individual entrepreneurship craze, and then accumulating considerable funds through these several golden periods.

  Especially in the early 1990s, when the stock market was just booming, he had a keen eye for opportunity and managed to multiply his capital several times over, becoming one of the earliest multimillionaires in Dongling City. Fortunately, Tang Tianhao didn't like playing with stocks and always felt that they couldn't compare to solid industries, so later on, he shifted his focus back to real industry.

  He is obviously taking advantage of the craze for enclosure movement to make a big profit in Hainan's real estate market.

  He didn't expect that he would slip up on this and suffer a Waterloo, not only losing everything but also having to spend several years in prison.

  Tang Yu was thinking about Tang Tianhao's past when his mother and second uncle pushed open the door.

  "Xiao Yu, you're really not letting people worry about you. It's already April and you still got a cold. You're also making your mom worried about you. This time, I did bring some fun stuff for you, but looking at you now, just rest well, kiddo."

  Look at my mom going out to cook, Tang Yu smiled and said, "Second uncle, you're not in Hainan taking care of your real estate, why did you come back to Dongling? Last time you came back, you said that there were a lot of things over there that couldn't be left unattended, how are you free this time?"

  "You little scamp, you've made progress, knowing to care about Second Uncle's business now? Every time you come back, it's always first rummaging through my bag asking what fun things I brought for you. This time, you can't even get out of bed and didn't ask Second Uncle what good stuff he bought for you. When did your nature change?"

  "Come on, Second Uncle, you're not as useless as you say. I'm a 16-year-old man now, can't always be thinking about those silly things. Besides, in the future, I'll still have to rely on your company to find a wife. Why don't you tell me more about what happened in Hainan?"

  Tang Tianhao stared at Tang Yu in surprise, touching his forehead, "This is terrible, little Yu, you're not brain-damaged from the heat, are you?" He turned to look at Tang Yu's serious face, which didn't seem like a joke.

  "You little scamp, you've really changed. What a difference three days make, eh? Not simple, not simple at all! Our old Tang family has someone to carry on the legacy!"

  He patted Tang Yu's shoulder again, "Your second uncle's family is now relying on you to carry on the legacy. You little kid, thinking of marrying a wife at such a young age, are you planning to harm some poor girl? However, when you get married and build a house in the future, it will all depend on this. Now being concerned about it is a good thing."

  Second Uncle's family has only a young daughter, who is just a few years old now. In the future, it's not impossible that she'll hand over the family business to Tang Yu. I remember in my past life, Second Uncle mentioned this matter more than once in front of Dad, but before he could wait for Tang Yu to grow up, Second Uncle completely went bankrupt.

  Just then, the sound of opening the door came from outside again. Tang Yu knew that his father should have come back from work, and Tang Tianhao stopped chatting with him and went out to greet him.

  "Second brother? How did you come back? Last time on the phone, didn't you say that you couldn't leave Hainan? Are you deliberately coming back today because Xiaoyu has a cold?" Seeing Tang Tianhao at home, Tang Tiantong was also surprised.

  "Brother, aren't you confused? The bigger the official, the worse their memory is. On the 10th, wasn't Mayor Su going to be elected through a vote in the People's Congress? And I, your second brother, am also a representative of the Dongling City People's Congress, how can I not come back?"

  Hearing him say that, Tang Yu in the bedroom suddenly remembered that his second uncle, as a successful businessman and also one of the representatives of Dongling City's People's Congress, would naturally not miss such an opportunity for Mayor Su's election through the People's Congress vote.

  Tang Tianhong slapped his forehead, "Look at my brain, these past few days I've been dealing with the municipal committee office and it's all become a mess in my head. This matter has completely slipped my mind."

  Tang Tianhao smiled, "Big brother, you're also a busy person now. Although dealing with the municipal committee is troublesome, it's better than that awkward position in the past. In the past, even if you wanted to be busy, you couldn't."

  "That's also true."

  As they spoke, the two of them walked into Tang Yu's bedroom again, asked him a couple of questions, and felt his forehead. "The fever has gone down, we'll continue with the IV tomorrow, and you should be fine in three or four days. You can't fall behind too much on your schoolwork either, so as soon as you're better, hurry back to school - I've only asked for a three-day leave from your teacher, Li."

  "Big brother, you're being too harsh on Xiao Yu, aren't you? With Xiao Yu's brains, the high school entrance exam is a piece of cake. Even if he really didn't get in, big brother, you can arrange for him to get in, it's not like it's a big deal." This was also true, if the deputy secretary-general of the government couldn't even arrange for his son to attend high school in the city, wouldn't that be a joke?

  However, in his previous life, by the time Tang Yu finished his middle school entrance exam, the Tang family had already begun to decline in Dongling City. Tang Yu's performance was also affected by a series of family misfortunes during the exam, and he barely made it into the inferior class of a top school, commonly known as the "inferior class". Fortunately, he still managed to make a good showing for himself and got accepted into Liao Hai University, one of the country's key universities.

  Tang Tianhao continued, "Besides, even our own Tianyu said that Xiaoyu's brain is more useful than his, so the middle school exam is naturally no problem." Tang Yu knew that Ershu's Tianyu referred to the third child of the Tang family, who was also his younger uncle, much younger than the two brothers, and was currently studying computer science at Tsinghua University.

  At that time, Dongling could hardly get one student into Peking University or Tsinghua University in several years. His younger brother was also a somewhat famous person, and his brain was top-notch.

  "This kid, you can't praise him, or he'll become arrogant. Besides, it's better to have a good reputation by getting in through exams rather than being arranged to get in. If he can't get in, your sister-in-law will lose face, and he'll have to be careful not to get hit by her broomstick later on. His brain is far inferior to Old Three's, but recently he has become more sensible."

  "Older brother, don't say that, Xiaoyu has really made a lot of progress recently. This time when he saw me come back, he knew to care about my business in Hainan and even thought about getting married. However, if he wants to take over from me, he still needs to go through two years of rigorous training."

  Hearing his younger brother say this, Tang Tianhong looked at Tang Yu in surprise and quickly shrank his neck into the quilt.

  "This kid has become quite sensible lately, last night I had a few words with him and he was talking about city affairs in a very knowledgeable way, I thought someone must have taught him. Now it seems that this little guy has actually learned something. He told me about his conversation with Tang Yu last night, and Tang Tianhao couldn't help but praise him repeatedly."

  "That's right, after all, we are the superior breed of the Tang family. How can you make a name for yourself if you don't have anything in your belly? Even my younger uncle praised me for being clever, and you're not convinced?"

  He puffed out his chest and smiled, "Second Uncle, I've recently come to know quite a bit about what you're doing in Hainan. Why don't I tell you all about it and ask for your guidance?"

  "This kid, you can't even take two words from me? Business matters, what do you know as a child? Your second uncle has struggled for over ten years to have today's status, and you dare to comment on him? If you had half of your little uncle's diligence, I would be at ease." Tang Tianhong lost a sentence to him, but didn't seem unhappy.

  Tang Tianhao was curious about what his suddenly reformed nephew could say.

  "Come on, big brother, let him talk, Xiao Yu is interested in these things now, we should at least give this kid a chance to show off and see what he can say."

  Tang Yu poked his head out from under the covers, and his second uncle quickly helped him sit up against the pillow, only to see that Tang Yu's face was slightly serious.

  "Look at this kid, still so full of himself, just like his dad when he was in office. He hasn't even said anything yet, but he's already putting on airs. This one has a future."

  "Second uncle, don't laugh. I actually know quite a bit about what's going on in Hainan. Some of my classmates know Cai Guanzong, who is the son of Cai Mingcai. He's always bragging and talking nonsense, but I've heard a lot from him and also read some reports from that place myself. Just listen to me and see if it makes sense."

  Tang Yu said that Cai Guanzong is the son of Cai Mingcai, which is not false. However, in fact, he has never mentioned anything boastful before, and now bringing it up to deceive people is not good. It's just that someone will go find him for verification.

  "In my opinion, what you're doing in Hainan is just a big bubble game."

  Just then, Zhang Yahui came in from outside, "You were still wearing open-crotch pants when your second uncle started learning to make money. How can doing business be called playing? Besides, what is a bubble? You little kid, what do you know?"

  Tang Tianhao was also stunned for a moment, he made a lot of money, but didn't systematically study economics, and didn't know what this so-called bubble meant. It was Tang Tiannong, an economics master's graduate, who explained it to him in a few sentences before Tang Tianhao understood the meaning of the word.

  Tang Tianhong found it somewhat strange that his son also understood economic concepts.

  "I'll just say it, Second Uncle, and you just listen. If you don't think it makes sense, then let's just forget I said it."

Recommended Popular Novels