Generally speaking, developers built commercial streets to provide supporting facilities for the nearby residential areas.
You can speculate in real estate, but you absolutely can't speculate in shops. This was a very famous saying in the investment real estate industry.
Suppose Wang Xiao Er spent 1 million to buy a shop on the business street,
Then, three years later, the shop's value rose to five million.
If Wang Xiao Er wanted to sell this shop, he would have to pay 20% of the profits from the shop's appreciation and 60% of the land appreciation tax.
When the two taxes were added together, the tax revenue reached 80%.
Basically, they had to pay 3.2 million in taxes!
He invested a million yuan and earned 800,000 yuan in five years. Based on this situation, what was the point of others investing in shops? Was it for fun?
Of course, some people would say that if they bought the shop, they could just keep it in their hands and not sell it. The rent of the shop was so terrifying now. Wouldn't they be able to recoup their capital after renting it for a few years?
In fact, before 2013, businessmen who invested in shops also thought so.
Why would he sell a shop that he had in his hands? Wasn't it nice to keep it to earn rent?
Therefore, during this period of time, it was popular to say that one shop was rich for three generations.
Speaking of Tianhai Lake Commercial Pedestrian Street, Chen Fan subconsciously thought of a person.
In the future, Chen Fan's business was considered quite successful. He had heard a lot of interesting news about Tianhai City's business world from his friends.
He thought of this person called Yan Youwei.
Many businessmen in Tian Hai City said that Yan Youwei was a fool!
This was because he had taught all the businessmen in Tianhai City a very vivid lesson. He had vividly performed a great show of having a good hand of cards played to pieces.
Yes, Tianhai Lake Commercial Pedestrian Street was invested by Yan Youwei.
In the early years, this person was a worker in a machine repair factory. Later, for some reason, he went into business and started a mechanical processing industry.
Because he was honest and honest, he had accumulated about 100 million yuan in less than ten years.
In 2006 and 2007, the machinery processing market began to decline. Yan Youwei sold the factory and established a real estate investment and development company under the suggestion of his friend.
As mentioned before, before 2013, investing in shops was still very discerning in the eyes of outsiders.
Because of the rumor that the subway was going to be built here in Tianhai Lake, with Yan Youwei's investment, Tianhai Lake Commercial Pedestrian Street was born.
The total construction cost of Tianhai Lake Commercial Pedestrian Street was 70 million yuan, which was basically all of Yan Youwei's assets.
Originally, he wanted to own Tianhai Lake Commercial Pedestrian Street and use the method of collecting rent to keep this hen that laid golden eggs for a long time.
In the end, Yan Youwei never dreamed that by 2011, the subway project was completely unsettled.
On the contrary, because this area was not popular enough, the businesses on the commercial street had all moved away.
Now, not to mention golden eggs, even century eggs couldn't be laid on the commercial street. Yan Youwei had to invest a lot of money every year to maintain the commercial street.
In the summer of 2011, Yan Youwei sold the commercial street for 50 million yuan.
This investment cost him nearly 40 million yuan.
Yan Youwei thought that it was a timely stop loss, but he did not expect that only half a year after the commercial street was sold, Tianhai City announced the plan to move the city's economic center south.
All the major companies had bought land in the southern part of the city to develop their properties. The value of Tianhai Lake Commercial Pedestrian Street had become very hot.
Around February to March 2012, the estimated value of Tianhai Lake Commercial Pedestrian Street was about 200 million yuan.
However, at this moment, Yan Youwei made a showy move.
He spent 200 million yuan to buy back Tianhai Lake Commercial Pedestrian Street.
Then, in the middle of 2012, the commercial real estate industry declined!
2012 was a very magical era. It was the peak of commercial real estate.
But at the end of the year, after entering 2013, the industry went cold.
Basically, all the investors who used commercial land to develop shops were dumbfounded.
Why did everyone invest in shops? He wanted to rent out the house by the hour to collect rent and ensure that he had a long-term stable return on his investment.
As a result, a large number of investors invested in commercial real estate, which led to a bubble in the industry.
There are more shops than people who want to rent a shop. Think about it, under such circumstances, can a shop be rented easily?
Another very important reason was that e-commerce was about to rise.
With the advent of the online shopping era, this matter became the last straw that pressed down on the investment industry.
He didn't intend to sell the shop he had invested in and was prepared to keep it to collect rent to earn money.
In the end, the status of the shop was not that important in the hearts of others.
The shops were not as good to rent as they had imagined.
Do you think investing tens of millions or hundreds of millions to develop a shop under such circumstances is considered a business?
Those who invested in housing made a lot of money.
As for those who invested in the development of shops, unless it was used as a supporting facility for residential areas, otherwise, in the eyes of discerning businessmen, it was a foolish act.
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