America 1919

Chapter 1574 - 574: The Early Arrival of Subprime Loans

Many people think that since the United States is vast and sparsely populated, their demand for housing shouldn’t be that high.

But in reality, Americans’ demand for housing is no less than that of the East in later generations.

Otherwise, how do you think the subprime mortgage crisis in the United States erupted?

After hearing Donnie’s idea, a thought immediately came to mind for Tang Fei.

"According to your idea, should we acquire the land ourselves, establish a construction company, and then provide loans to people through Breton Bank?"

Fei Jackson nodded, having decided on this matter without consulting Tang Fei.

However, Fei Jackson was very clear that in this matter, Tang Fei would not contradict him.

"That’s right, this way we can form a closed-loop. Even if some people can’t repay their loans in the future, we can repossess the houses and resell them.

I calculated it, no matter what happens, we won’t lose money!"

When he said this, Fei Jackson was full of confidence.

But Tang Fei shook his head at this moment.

"This isn’t enough!"

"Not enough?" Fei Jackson was taken aback, having considered this issue while serving as the Minister of the Postal Department.

He had analyzed it several times, believing this situation already formed a closed-loop, with nothing lacking?

"Are you talking about renovation, boss?"

But now, since Tang Fei said it wasn’t enough, Fei Jackson had to strive to find out what was lacking.

Tang Fei shook his head and said: "No, it’s not about renovation!"

After thinking for a moment, Tang Fei continued: "First of all, I agree with your plan.

But when I say it’s not enough, it’s not just about the business, it’s also about ideology!"

"Ideology?" Fei Jackson again showed a puzzled expression, but also became intensely focused.

He always believed that his boss had a more long-term perspective than he did.

Tang Fei nodded and said: "This needs to be divided into two parts."

With that, Tang Fei got up and went to the liquor cabinet in his office, took out a bottle of whiskey, and poured two glasses.

He handed a glass to Fei Jackson.

Fei Jackson stood up and received the glass from Donnie with both hands.

Donnie continued: "First, you need to instill a sense of awareness in American young people.

That getting married requires a marital home.

Let girls understand that a marital home is a guarantee for their life, that having a house allows for a perfect post-marital life.

Let boys understand that a marital home signifies responsibility, the responsibility of a man towards a woman, and is a manifestation of their own growth.

In one sentence, a marital home is a guarantee of all their future beautiful lives."

Marriage, buying a house.

This has seemingly become a natural thought for people in later generations.

But they have never considered that nothing in this world is truly natural.

And what they think is natural is, in fact, to some extent, a concept ingrained in them by real estate developers!

This is just like the commercial case that a diamond represents love.

When most people accept that a diamond represents steadfast love, the price of diamonds becomes exorbitantly high.

Upon hearing Tang Fei’s words, Fei Jackson’s eyes lit up. If this concept is truly instilled into the hearts of young people, wouldn’t they line up to buy houses?

The boss does indeed think far more deeply than I do!

However, Fei Jackson immediately had new concerns and said: "But how do we instill this concept into the minds of ordinary people?"

Tang Fei laughed: "Now that you’re back, since United Artists returned, I haven’t had time to manage this company.

Now you can oversee all specific operations of this company, as well as manage its layout in Hollywood."

Fei Jackson instantly realized what Tang Fei meant: "So boss, you mean to have Hollywood produce more movies about how buying a house leads to a happy life?"

Tang Fei laughed: "You can also produce a few tragedies about how without a house, there is no happy life.

Of course, these values shouldn’t be too direct, subtlety is key!"

Fei Jackson nodded, then continued with an inference: "Boss, I’ll also need support from ABC and the Atlantic City Post."

Tang Fei laughed and said: "Sure, I’ll leave this matter entirely in your hands!"

"Thank you, boss!" Fei Jackson said happily, and then asked: "So boss, what is the second ideology you mentioned?"

Tang Fei leaned back on the sofa and said with a smile: "Both you and I believe that once Franklin Roosevelt takes office, he will change the current economic climate in the United States.

But right now, the business environment in the United States can be said to be lamentable, with many rich people holding large sums of cash not knowing where to invest.

So, we will point them toward a bright continent.

Real estate speculation!

So the second ideology is to make ordinary people know one thing.

Buying a house is not just for living; it can also be an investment.

We need to create an illusion for them that U.S. houses will never drop in price, and housing prices will always be on the rise.

This year, I spend $5,000 to buy a house, but by next year, this house will have risen to $10,000.

At this point, what do you think ordinary people will think?"

Fei Jackson’s breathing became a bit rapid, as he could already envision the scenario Tang Fei described.