"You only have less than a million in funds, and you dare to buy 1,000 houses? Borrowing 500 million from the bank, that's too risky." Guo Aihua said in surprise.
"The key is, how could the bank possibly lend you so much money? That's 500 million, if anything goes wrong, how are you going to pay it back?"
Yi Anguo smiled and said, "That's because you're not very familiar with the domestic situation, anything is possible."
"Banks also have lending targets, and mortgages are the safest type of loan. Houses are fixed assets that you cannot take away. If house prices fall and the buyer defaults, the bank will forcibly repossess the property and auction it, so the bank doesn't suffer much loss, and the risk is minimal."
"Moreover, back in 2003, the house prices in Shenzhen were still very low, so even if they dropped, it wouldn't be by much. Therefore, the bank's risk is actually very small."
