【From "Second Generation of Demolition" to a Debt of 5 Million: A Shenzhen Demolition Household's Wealth Disillusionment History】
Key Milestones Over Ten Years:
2009
Compensation from Futian Urban Village Demolition:
✓ 3 sets of resettlement housing
✓ 8 million cash
Consumption Upgrade:
→ Porsche/iPhone 4/Fuji Camera
→ Book a venue to take classmates abroad
2010-2015 Golden Era
• "Playing Around" at Art School:
Spent 100,000 on film equipment
Weekend socializing at Shenzhen Bay
• Investment Myth:
✓ First investment of 500,000 in film doubled
✓ Chain café + film project combo
2019-2023 Ongoing Collapse
Father's Serious Illness:
VIP ward at Hong Kong University Shenzhen Hospital
Daily medical expenses of 10,000
Investment Explosion:
→ Series of collapses in film projects
→ Stock market losses nearing a million
Asset Disposal:
✘ Property price reduced by 20% for urgent sale
✘ Reselling trendy shoes and luxury watches
2023-Present Reality Shock
◇ Family Ledger:
Total debt of over 5 million+
Only repaid less than 50%
◇ Career Transition:
Editor at a Hong Kong film company
Wife transitioned to insurance broker
◇ Current Living Situation:
• Shenzhen-Hong Kong Dual City Record (commuting weekly)
• Proactively withdrew from social circles
Era Snapshot Data:
▎Wealth Creation from Demolition
Shenzhen Baishijiu received over 100 million in compensation
Compensation in core areas of the 2010s equals a century of income for ordinary people
▎Reality of Debt
In 2024, household sector debt exceeds 10 billion
Asset devaluation speed > income growth rate
Personal Reflection:
"I once thought the demolition compensation was the end,
Later realized it was just the beginning of a test.
When the tide goes out,
Only then can we see who is swimming naked."
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