The Birth of Shanghai's First Conglomerate

Belt Bro has enjoyed immense success over the years.

Wherever they go, they are always accompanied by a large group of people leading the way, and all kinds of big projects are launched all over the country.

Building a football stadium requires an investment of tens of billions of dollars, and it will become the largest in the world.

The current collapse was actually expected.

But if this bombshell explodes, countless people will be implicated.

"The real estate business is now in serious crisis."

Chang Fu sighed, "Who would have thought that the most profitable business right now is live-streaming e-commerce? This industry doesn't even require the slightest entry barrier."

“We have two classmates who started restaurants in the last two years, and their wives and kids have all left them.”

At their age, they no longer possess the youthful vigor and spirit, but rather a calm and composed demeanor.

If someone fails to start a business at this age, they're likely to end up with a broken family.

The Friends Club isn't doing much business; they just meet up with a couple of friends every day to catch up, talk about the past, and then chat about the present.

By nine o'clock at night, if there was still no one there, he would basically close up shop. Changfu invited him to go get a foot massage together.

Chen Pingsheng thought about it and didn't refuse the high-end kind.

The foot massage industry is still thriving, but with the advent of the live streaming industry, beautiful women from all walks of life have flocked to it.

Aside from a few high-end stores where you might find a couple of pretty girls, it's really hard to find them in low-end stores.

The two lay in a large private room, and Chang Fu mentioned a recent discovery.

That's what happens when a handsome man from Shanghai goes into the sex industry.

What do you mean?

Many respectable women in Shanghai who used to lead decent lives are now forced to make quick money.

There's no way around it; the economy is declining and many people are unemployed, but they still have to pay their mortgages every month.

A house in Shanghai costs tens of millions of yuan, and the monthly interest alone is close to ten thousand yuan, not to mention the principal.

For homeowners, a monthly income of less than 20,000 to 30,000 yuan is simply not enough to support a family.

This has led to the phenomenon of good men going into business to make quick money.

Gao Hu discovered this matter. Although he doesn't go out and play around as much anymore, he still needs to take care of things when necessary.

I like to spend a thousand or eight hundred each time to solve a problem, and that's how I've met quite a few good men.

The most awkward thing was that he ran into an acquaintance's wife.

This is fucking...

The two looked at each other, their awkwardness beyond words.

This thing gets orders through private channels, not from those small shops that operate with a red light.

A single transaction costs between 1500 and 2000, which is considered high-end consumption.

If these young men take on two clients a day, they can easily earn 20,000 to 30,000 yuan a month without lifting a finger.

Such high spending definitely requires someone to be beautiful.

The girls who usually take these kinds of jobs are usually from other places who have married and moved to Shanghai.

Locals don't usually have mortgages, and even if they do, this kind of situation wouldn't arise in just one or two years.

The real challenge lies with those out-of-towners who have emptied the savings of three generations to buy a house.

Gao Hu sighed as he talked about these things, and then he called Xiao Chunchun.

He offered her 20,000 yuan in child support each month, but Xiao Chun refused.

She owns a car, a house, and tens of millions in savings. Although she has an ordinary job, the two of them together earn about 20,000 to 30,000 yuan.

Her life was stable and peaceful. She was a simple girl with modest demands. Naturally, she wouldn't ask Gao Hu for money, especially since he still owed over a billion yuan.

If you can pay it off in three to five years, that would be considered very impressive.

Chang Fu sighed, "Old Chen, according to you, the economic downturn has only just begun, and it will only get worse in the next four or five years. So many people are already giving up so quickly. Do you think there will be even more people like this in a few years?"

"That's not the case."

Chen Pingsheng said, "It is true that the short video industry will experience an explosive growth. The first to give up will undoubtedly be those who were once proud to buy houses. If you bought early, it's okay, but if you bought in the last two years, the money you earn in the next ten years may not be enough to cover the losses."

"How could this be?"

"We have accomplished in just a few decades what others took hundreds of years to achieve through reform and opening up. This is just a normal phenomenon of forcing growth."

Changfu understood what "pulling up seedlings to help them grow" meant, which undoubtedly meant there was a problem with the house.

A closer look at housing reveals that it represents advance consumption at the cost of ordinary people's future decades.

This is a normal phenomenon in the US. On average, after working for four years and two months, one can save enough money to buy a house outright without spending a penny.

The domestic standard is 29.5 years, but if bank interest is added, the time period would have to be extended to 50 years.

This is still the standard for middle-class income. Fifty years! How many years can a person work in their entire life?

Reinforced concrete has accelerated urban development, but it has also burdened ordinary people for a lifetime.

If something goes wrong with this thing, how many families will be afraid to buy it?

Not to mention the decades-long mortgage payments weighing on their shoulders.

Illness is like a gust of wind; it passes and is gone. But a house is different; if something goes wrong with it, that's a fatal blow.

They definitely weren't affected in that way; Chang Fu had said he was leaving Tengying Group to work harder.

As a result, he would come to get a foot massage every few days, or go on a trip with beer and barbecue.

Life couldn't be more carefree.

When Chen Pingsheng finished washing his feet and drove home in his Bugatti, Song Yanxi was waiting for him upstairs.

She told Chen Pingsheng about something she was worried about, "Old Chen, Su Xiaoxi's parents invited their mistress Chen Lu over to play again, and even let him stay overnight. When I went to call him back, the little guy didn't want to."

"Are you worried that the Su family will use this connection to ask our family for money?"

Aren't you worried?

"What's there to worry about? Let alone the fact that the mistress is so young, even if the Su family dared to ask for it, I wouldn't lend it to them."

"Sigh... I investigated her family's situation before. They don't owe a lot of money, it's only three or four hundred billion, which isn't too high among those large real estate developers. But I'm worried about the mistress because they're so scheming."

Your worries are completely unnecessary.

Chen Pingsheng shook his head, too lazy to think about it. How old was Xiao San? If he didn't behave, his two older sisters could beat him.

He would drink a pot of tea before going to bed in the evening, and Song Yanxi would also have a couple of cups with him.

After a family becomes wealthy, quite a few people start to scheme and plot against them.

Her son liked playing with Su Xiaoxi, which she didn't object to at first, but she didn't expect him to like playing with that little girl so much.

Seeing that she was really worried, Chen Pingsheng simply said, "If you're really afraid that the Su family will have bad intentions, then you should tell Er Yatou to let her play with the mistress."

"Can she take Chen Lu with her?"

"Don't worry, Er Yatou is much smarter than you think. She just doesn't spend time at home."

Erpiya is indeed clever; she inexplicably managed to make a huge fire out of the snacks.

If she were willing to bring her mistress Chen Lu along, she'd definitely make that little guy straight.

What Song Yanxi fears most is that the child she raises will grow up to be a sycophant, which would be the death of her.

(End of this chapter)