Chapter 15: I Came, I Saw, I Conquered! - The Warrior Godfather

Volume 1: I Came, I Saw, I Conquered! Chapter 15: The Great Bubble

"Buying a house?" Markbaum asked, confused. He stood up and pulled Zhang Yu aside, leaving the two mortgage brokers to divide the dollars in their hands. Zhang Yu didn't mind, leading the way as they walked towards the sales office.

"Everyone around here is desperate to sell. See this one? The owner is even willing to lower the price," Laura pointed to another house.

Exiting the sales office, Markbaum looked at the desolate residential area and growled. He started the car, the Ford Mustang's engine rumbling deeply as it slowly accelerated.

"I love this green stuff! No problem, ask whatever you want."

Afterward, Laura led the two back to the sales office. Laura smiled. Markbaum glanced at him. The white man smiled triumphantly, swirling his wine glass. "We're from an investment company. We're here today to understand the situation in the mortgage industry. We hope you'll answer truthfully."

"Are your clients also immigrants?" Markbaum turned to the white man.

"To be precise, it's to understand the real situation in the mortgage industry. Of course, if you really want to buy, I won't stop you," Zhang Yu explained.

"Fuck!" Markbaum leaned back in his chair and muttered.

"It seems she likes you a lot," Zhang Yu said with a smile.

"...Do you have children? It's very close to Cress Private Middle School. Buying a house here would be very convenient for your children's schooling." Laura enthusiastically introduced the houses, but neither Zhang Yu nor Markbaum paid much attention. After waiting for a while and seeing Laura walk away, Zhang Yu looked around, took out two thousand dollars from his bag, and handed it to the two men. "I want to see what exactly you're up to..." Markbaum muttered in a low voice, stomped on the accelerator, and the engine roared. The Ford Mustang sped away.

"I want to see what exactly you're up to..." Markbaum muttered in a low voice, stomped on the accelerator, and the engine roared. The Ford Mustang sped away.

"Buying a house?" Markbaum asked, confused.

"I need to go back and discuss it with my wife... Do you have a recommended mortgage broker? I don't have enough cash on hand."

"No, he wants to buy. I'm just accompanying him to take a look," Zhang Yu pointed at Markbaum.

"He said he's very grateful for the information you provided. We have other things to attend to, so we'll be leaving now," Zhang Yu interjected with a smile, pulling Markbaum towards the exit.

"There are too many people rushing to sell their houses, aren't there?" Markbaum frowned.

"Buying a house?" Markbaum asked, confused.

"That's right, about ninety percent. The mortgage commission income has been very high these past few years. We rely on this to make money," the black man added.

In less than half an hour, the two arrived at the LaSalle Community on Roosevelt Avenue. Markbaum parked the car, and they got out. Laura smiled. "Obviously, this kind of practice isn't a secret in the mortgage industry; it's something everyone does. Would you hide whether you had bread or bacon for breakfast?" Zhang Yu said slowly.

"Fuck! These sons of bitches!" Markbaum was about to speak when Zhang Yu tugged at his sleeve. He changed his tune, "Almost all of them." The white man said.

"Mr. Baum, let me remind you, you are my friend now, a lawyer. We are here to look at houses, understand?" Zhang Yu said.

"It seems she likes you a lot," Zhang Yu said with a smile.

"There are too many people rushing to sell their houses, aren't there?" Markbaum frowned.

"So, do they all understand the risks of this kind of loan?" Markbaum asked. The white man smiled, mockingly. The white man burst into laughter. "Of course. This girl has made a lot of money for me." The white man leered at Laura as she left and laughed heartily. She waved to the man, who stopped what he was doing and smiled back.

"Fuck! These sons of bitches!"

"Alright, I get it," Markbaum nodded, sounding a bit impatient.

"I've been studying the US housing price index since 1975 for the past two days. After excluding inflation, from 1975 to 2000, the annual growth of housing prices nationwide was only 1.4%. But from 2000 to the present, the annual increase has been as high as 7%! If we return to the trend line, the adjustment in housing prices could be as much as 40%! Mr. Baum, you should understand that this abnormal trend represents a huge bubble!"

"Of course. This girl has made a lot of money for me." The white man leered at Laura as she left and laughed heartily. She waved to the man, who stopped what he was doing and smiled back.

Zhang Yu didn't mind, leading the way as they walked towards the sales office. "Please follow me, I'm the real estate agent, Laura." The blonde woman offered a professional smile and gestured forward.

"I only care about returns. If I sign a fixed-rate, good loan, I only get two thousand dollars. But for a variable-rate subprime loan, I can earn ten thousand dollars! If those deadbeats don't take out loans, I can't even drive a Mercedes. Their credit ratings are the worst, but they have money, can afford the down payment, and each of them has bought more than one property." The white man burst into laughter. He stomped angrily towards the parking lot, and Zhang Yu followed. The white man smiled, mockingly. "These guys are committing crimes! They're creating a bubble. The US real estate market will be ruined by people like them!" They didn't notice Markbaum's face darken.

"Hello, we'd like to see some houses." Zhang Yu entered the lobby, found a uniformed blonde woman nearby, and walked straight towards her. Laura walked over and introduced Zhang Yu and Markbaum to the two men. She even patted the white man's exposed chest, gave him a flirtatious wink, and then left with a smile. The two men burst into laughter as if they had heard a very funny joke. Some of the wine in the white man's glass spilled due to his vigorous movements.

"Doesn't your company do any verification?" Markbaum found it hard to believe. Laura smiled. The two men burst into laughter as if they had heard a very funny joke. Some of the wine in the white man's glass spilled due to his vigorous movements.

"Please follow me, I'm the real estate agent, Laura." The blonde woman offered a professional smile and gestured forward. Markbaum nodded, remaining silent, and looked around.

"Are you both looking to buy a house?" Laura asked.

"Could you wait a moment?"

"Are you both looking to buy a house?" Laura asked. Markbaum shook his head helplessly and returned to the two men with Zhang Yu. "So, do they all understand the risks of this kind of loan?" Markbaum asked.

After Zhang Yu and Markbaum followed Laura to the sales office, they got into a sightseeing car.

"Hahaha..."

In less than half an hour, the two arrived at the LaSalle Community on Roosevelt Avenue. Markbaum parked the car, and they got out.

"Of course, I know a few reliable mortgage brokers."

"Buying a house?" Markbaum asked, confused.

"You can send people to investigate all over the USA and see if the situation here is the same. In Los Angeles, New York, Miami, San Francisco, scenes like this are happening every day. Banks issue large loans to deadbeats and illegal immigrants, then package these loans into securities and sell them on the financial market, rating them as 'A' to attract hedge funds. But in reality, these bonds are just worthless garbage!" Zhang Yu said.

Exiting the sales office, Markbaum looked at the desolate residential area and growled. "Are you both looking to buy a house?" Laura asked. Markbaum's mouth hung open, and after a moment of stunned silence, he said, "About sixty." Markbaum kicked an empty can at his feet and cursed. "About sixty."

After waiting for a while and seeing Laura walk away, Zhang Yu looked around, took out two thousand dollars from his bag, and handed it to the two men. Laura walked over and introduced Zhang Yu and Markbaum to the two men. She even patted the white man's exposed chest, gave him a flirtatious wink, and then left with a smile.

"Almost all of them." The white man said.

"Everyone around here is desperate to sell. See this one? The owner is even willing to lower the price," Laura pointed to another house.

The residential area was somewhat deserted. Not only were there few pedestrians on the street, but there were also very few private cars. The lawns in front of several houses were overgrown with weeds, clearly neglected for a long time.

"Many people have moved away, but it's nothing. The mortgage market is just in a small slump," Laura said dismissively. She then pointed to a house in front of them to the left, where a man was tending to the lawn. "This house was sold by me for $250,000 when it was just built. Two years later, it rose to $330,000. A year and a half ago, it reached $380,000. Last year, this couple bought it for $420,000. Now they're willing to sell it at the original price. Although they're reluctant, they'll still sell... Hi, Jack!"

"Alright, I get it," Markbaum nodded, sounding a bit impatient.

"There are too many people rushing to sell their houses, aren't there?" Markbaum frowned.

"How is that possible?" The white man chuckled and shook his head. "If they were rejected, my job would be in big trouble."

"We're from an investment company. We're here today to understand the situation in the mortgage industry. We hope you'll answer truthfully."

"I don't understand. Has the mortgage market really deteriorated to this extent? Why are they so open about all of this!"

"Last year, Professor Robert Shiller issued a warning in 'Irrational Exuberance,' but unfortunately, no one took his words to heart," Zhang Yu said slowly.

"Everyone around here is desperate to sell. See this one? The owner is even willing to lower the price," Laura pointed to another house.

After Zhang Yu and Markbaum followed Laura to the sales office, they got into a sightseeing car.

"Hahaha..."

In less than half an hour, the two arrived at the LaSalle Community on Roosevelt Avenue. Markbaum parked the car, and they got out.

"I think I've seen this chart before."

After Zhang Yu and Markbaum followed Laura to the sales office, they got into a sightseeing car.

"Fuck!" Markbaum leaned back in his chair and muttered.

"I noticed there don't seem to be many residents here, right?" Zhang Yu asked.

"Ten loans? Or fifteen?" The two got into the Ford Mustang. Zhang Yu opened his briefcase and took out a thick stack of documents, handing them to Markbaum. He said: The white man smiled, mockingly. "Buying a house?" Markbaum asked, confused.

"Hello, we'd like to see some houses." Zhang Yu entered the lobby, found a uniformed blonde woman nearby, and walked straight towards her.

"Almost all of them." The white man said.

"I want to see what exactly you're up to..." Markbaum muttered in a low voice, stomped on the accelerator, and the engine roared. The Ford Mustang sped away.

"Buying a house?" Markbaum asked, confused.

"I need to go back and discuss it with my wife... Do you have a recommended mortgage broker? I don't have enough cash on hand."

"No, he wants to buy. I'm just accompanying him to take a look," Zhang Yu pointed at Markbaum.

"There are too many people rushing to sell their houses, aren't there?" Markbaum frowned.

"Buying a house?" Markbaum asked, confused.

"That's right, about ninety percent. The mortgage commission income has been very high these past few years. We rely on this to make money," the black man added.

"I think I've seen this chart before."

"I need to go back and discuss it with my wife... Do you have a recommended mortgage broker? I don't have enough cash on hand."

"How is that possible?" The white man chuckled and shook his head. "If they were rejected, my job would be in big trouble."

"So, they are desperate to sell, right?" Zhang Yu said.

The white man smiled, mockingly. "Buying a house?" Markbaum asked, confused.

"Hello, we'd like to see some houses." Zhang Yu entered the lobby, found a uniformed blonde woman nearby, and walked straight towards her.

"Almost all of them." The white man said.

"It seems she likes you a lot," Zhang Yu said with a smile.

"Are you both looking to buy a house?" Laura asked.

"Could you wait a moment?"

"Almost all of them." The white man said.

"It seems she likes you a lot," Zhang Yu said with a smile.

"I need to go back and discuss it with my wife... Do you have a recommended mortgage broker? I don't have enough cash on hand."

"No, he wants to buy. I'm just accompanying him to take a look," Zhang Yu pointed at Markbaum.

"It seems she likes you a lot," Zhang Yu said with a smile.

"Are you both looking to buy a house?" Laura asked.

"Could you wait a moment?" Laura smiled. Markbaum was about to speak when Zhang Yu tugged at his sleeve. He changed his tune. The white man's eyes lit up, he put down his wine glass, took the dollars, and whistled. The white man burst into laughter. "These guys are committing crimes! They're creating a bubble. The US real estate market will be ruined by people like them!" The white man smiled, mockingly.

He stomped angrily towards the parking lot, and Zhang Yu followed.

"I love this green stuff! No problem, ask whatever you want."

"Are you both looking to buy a house?" Laura asked.

"I need to go back and discuss it with my wife... Do you have a recommended mortgage broker? I don't have enough cash on hand."

"No, he wants to buy. I'm just accompanying him to take a look," Zhang Yu pointed at Markbaum.

"It seems she likes you a lot," Zhang Yu said with a smile.

"Are you both looking to buy a house?" Laura asked. Laura smiled.

"It seems she likes you a lot," Zhang Yu said with a smile.

"It seems she likes you a lot," Zhang Yu

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I Came, I Saw, I Conquered!