Chapter 701 - Do You Hate Me This Much? (1) (1/2)
He looked at Shen Xiu with a pair of bright and expressive eyes, dancing like torches. “You must have heard about Liangchuan.”
Shen Xiu nodded immediately.
The old man continued, “What are your thoughts regarding this matter?”
Shen Xiu snorted icily at once and sneered, “That dishonorable son, he must be mad! He’s invested all his years of savings in a jerry-built building project, all for the sake of a woman! He—”
The old man interrupted him before he could finish his tirade, “What I’m asking is what you think of this jerry-built building project?”
Shen Xiu fell silent for a moment. Immediately, he knew that the old man was testing him. He was gleeful at once.
When the old man’s call came out of the blue, he knew that it had to have something to do with Shen Liangchuan. Hence, he had done his homework. He began, “This building project will be a big loss for sure. Let’s not talk about the other factors and focus on the building project itself. Although it’s in a good location, it’s been abandoned for eight years. No one took care of it. This alone shows that it’s definitely not going to make money.”
“Besides, at the time, the building structure had already been erected. There were huge issues with the building materials that they used. As the big development plan it is, it would be very costly to tear it down, and all the steel bars are trash that has to be disposed of. Secondly, I inquired in the past about the possibility of building on that land. Eight years ago, when the property market wasn’t as hot, it was a small district and the Qiao family sold about a hundred units. Now property prices have flipped. Actually, even if Shen Liangchuan were to build 300 units—and let’s not think about whether it will sell out—based on costs alone, it’s an overall loss! In addition, about a hundred families bought a part of it eight years ago so, really, he’s building those apartments for free. How is this ever going to make money?!”
Finally, Shen Xiu chortled as he continued, “Unless within half a year property prices suddenly rise, this project will almost certainly bleed to death. With that bit of money he has, he’s going to lose everything!”
After saying all that in high spirits, Shen Xiu now looked at the old man and waited for a word of praise or approval.
However, unexpectedly, the old man merely nodded after hearing all this. Then he told his son, “Okay, you should go to work now.”
Shen Xiu was completely stumped by his father’s cold response.