Chapter 247 West Coast Time

That evening, it was West Coast time in the United States.

Su Yehao accompanied Yin Liuli for dinner and, with nothing else to do at home, logged into Silver Sea Weibo again. Finally, he discovered that news related to him had gone viral.

The top trending topic wasn't about choosing a college major; instead, it was "Su Yehao Comments on Buying a Home," followed by the incident where he was told "Don't Speak Nonsense If You Don't Understand."

After the news was reported, a large number of onlookers emerged, sparking much discussion.

He clicked around to take a look.

Su Yehao found that the comments section had turned into a grievance session. People complained about "how out of touch he was," "how expensive it was to buy a home in first- and second-tier cities," and "how difficult it was to settle down in big cities."

It wasn't exactly wealth-envy. It wasn't easy to make money in the mainland these days. Although the employment rate was relatively high, it was mainly driven by labor-intensive industries such as agriculture and manufacturing, which meant people had limited income.

The pressure of buying a home, especially a new home in a first- or second-tier city, was indeed significant for ordinary people.

However, many older houses were cheaper than cars in this era, making homeownership more accessible than in later years.

For example, in terms of bank loans.

From last year's "Notice on Increasing Housing Credit Investment to Support Housing Construction and Consumption" to this year's "Several Opinions on Encouraging Consumer Loans," the down payment ratio had been reduced from 30% to 20%, and the loan term was planned to be extended from twenty years to thirty years.

Knowing that the increase in housing prices and income would far exceed the interest expenses on the mortgage, Su Yehao understood that he was right and didn't get angry because of the online comments.

After all, he was well aware of the power of trolls and keyboard warriors. Most of the time, it was best to ignore them. Trying to convince them was as difficult as climbing to heaven. He couldn't expect everyone to agree with him.

Su Yehao casually browsed, but the slow internet speed was driving him crazy. He simply went to his homepage and edited a post, writing:

"Regarding the topic of whether to buy a home, I can only say that it's very worthwhile to buy in core cities.

Unlike Europe, America, or Hong Kong, the mainland's real estate market is just beginning. With economic development and the improvement of urban construction, housing prices will only increase, and the investment value is very considerable.

My advice is to grit your teeth and buy a home within your means, focusing on the downtown areas and new districts of first- and second-tier cities, especially developed areas like Beijing, Shanghai, Guangzhou, and Pengcheng, even if it's just an old, run-down house.

Sell everything you have, save every penny, and don't worry about the pressure of loan repayments and interest expenses. With the current economic growth rate, residents' incomes will also increase significantly. Buying a car is not as good as buying a home, and speculating in stocks is not as good as buying a home. Investing in immigration is even worse than staying and buying a home. Stick with it for five to ten years, and you'll thank me.

As for those who sell high-quality properties in places like Beijing and Shanghai to go abroad, the vast majority of them will become a joke in the future..."

Looking at the word count, it was just within the limit.

After Su Yehao clicked send, he took advantage of the popularity to promote the Taobao website, Yellow Diamond computers, and the Meidi Group's trial-produced MP3 players, all of which were in preparation.

The technical content of MP3 players was not high. At the end of May this year, the Meidi Group successfully developed a decent product with its internal R&D team.

It was about the size of a cigarette case, powered by AA batteries, and the basic version had a storage capacity of 32MB, which could only hold about ten songs.

There would also be an upgraded version with a 2.5-inch hard drive, which was still in the research and development stage, but it seemed to be making progress, so the news reached Su Yehao's ears.

Unlike the MP3, which was relatively worry-free.

After learning about the arrangements for visiting Qualcomm, Su Yehao found that the plan to produce mobile phones through the Meidi Group was a bit difficult.

Many key technologies were controlled by companies such as Nokia, Motorola, and Ericsson. If they chose to cooperate with Samsung, they could buy many parts for assembly, but at most, they could only get a rebrand and wouldn't be able to obtain exclusive authorization.

It was possible to cobble something together.

But in that case, what would be the difference between them and Liangxiang (Lenovo)?

This was also why Su Yehao's subordinates had come to California specifically after hearing that Qualcomm was preparing to spin off its mobile phone business.

Qualcomm had publicly announced that it would spin off its company's business and focus on semiconductor development.

In March of this year, it had just sold its CDMA division to Ericsson of Sweden, and then began looking for a buyer for its mobile phone business.

The principle was similar to Yanwenzi Group's building a platform.

Other companies wouldn't allow Qualcomm to support its own child while controlling their lifeline, so there had to be a trade-off. Why bother selling mobile phones when it was easier to collect patent fees? Besides, Qualcomm's mobile phone production business wasn't profitable in the first place.

According to the initial information Su Yehao had learned, this company had invested hundreds of millions of dollars in the mobile phone production business. Even though product sales were average, it didn't prevent many companies from being interested. Therefore, the asking price for this sale was a bit high.

Once it was bought, it would cover almost the entire consumer terminal business, including mobile phone inventory, manufacturing equipment, and components and system software provided by Qualcomm.

This meant an opportunity to leap from a low-end workshop that did rebranding and assembly to a high-end player with a complete set of solutions.

Although many core components still needed to be purchased from Qualcomm, maintaining a cooperative relationship with an American company like Qualcomm in the short term seemed to give them an advantage in other areas.

For example, obtaining some low-end chip design patent licenses and wafer foundry business orders, or other intangible positive effects...

In the study of a mansion in Atherton.

After Yin Liuli finished her bath, she found that Su Yehao was still busy. She approached in her nightgown and whispered, "What are you busy with? Is there anything I can help you with?"

Su Yehao smiled and reached out to have her sit with him.

With the beauty in his arms, he could only smell a faint milky scent. He said to Yin Liuli:

"To be honest, I'm confused about these technical issues myself, so I'm afraid you can't help. I originally wanted my dad's Meidi Group to fund the acquisition of Qualcomm's mobile phone production business, but after thinking about it, I realized that such a business probably wouldn't be sold to a mainland company. It's best to find a way to bypass the regulations and negotiate in the name of a Hong Kong company."

Yin Liuli then asked, "Is this business you want to acquire... very expensive?"

"It's alright, Qualcomm's mobile phone is like a sample, co-developed with a company called Palm. The original intention was mainly to promote its network business. The mobile phone production business has been losing money for a long time, so we probably need to prepare one or two hundred million dollars."

Su Yehao said lazily and refreshed the Silver Sea Weibo page again.

The post, which had just been published, had already received more than two hundred likes and more than four hundred comments.

Sure enough, there were many people who thought they were smarter than Su Yehao.

They said that they lived on the Bund in Shanghai, holding onto old houses and working, and there was no way to earn foreign exchange as quickly as he did.

Someone commented, "The young master doesn't know the hardships of the people," and someone else wrote, "What if I lose money? Will you compensate me?" There were many sarcastic viewpoints.

To survive on the internet, you must have a big heart.

Su Yehao laughed and cursed a few times, then closed the page directly and sighed:

"It's hard to persuade a doomed ghost with good words. Some people deserve not to get rich. The easy road to success has been clearly pointed out, but whether they believe it or not is none of my business. Anyway, getting rich from demolition doesn't give me any money."