The Rise of Australasia

However, in the age of network development, radio stations were eventually defeated by the internet. Apart from a few people who were used to listening to the radio, most people had entered a fast-paced and impetuous modern life, with no time to quietly listen to the radio.

But anyway, this would happen decades or even a hundred years later. The radio market could absolutely cover the whole world, and before the internet was fully popularized, radios could still hold up for a period of time, and bring substantial profits to Arthur.

Compared to the large number of base stations and transit stations needed for wireless broadcasting, investing in radios does not require much expenditure.

The relevant production technology, a production line, and a suitable number of workers could form a radio production factory, thus generating huge profits.

Obviously, this is a huge business opportunity, so Arthur decided to hand it over to the Royal financial group and the Nobility United Consortium for joint investment.

On the one hand, it would add a bit of competition in the radio industry, and on the other hand, it would create some income for the Nobleman United Consortium because, after all, Arthur couldn’t solely support those nobles.

Although the United Bank is currently generating considerable income, the aristocratic class in Australasia is growing, so preparations for the future are essential.

In addition to these overt money-making methods, Arthur’s financial groups have never stopped their progress behind the scenes.

After confirming the real estate policy targeting the United States, under Arthur’s command, several financial groups went buying land and properties in major American cities, preparing to ignite the real estate industry of the United States.

Countries like Europe and America have a more apparent difference from Asian countries, which is the difference in urbanization rate.

This is not only due to the level of a country’s development but also due to the different populations in different regions.

Take the current British Empire as an example: as the strongest country in the world, its urbanization rate is very high.

According to historical records, seventy years ago, the urbanization rate of the British Empire had reached a terrifying 50.2%, basically achieving urbanization.

In the early 20th century, the urbanization rate of the British Empire had broken through 75% and had undoubtedly become a highly urbanized country.

Although the improvement in urbanization has gradually slowed down up to now, an urbanization rate of more than 70% is enough to prove how exaggerated the British Empire has become.

And London, the capital of the British Empire, currently has a population of more than 7 million, making it the city with the largest population in the world, which illustrates the development of the British Empire.

Theoretically, the United States, the top country in industry and economy, is not far behind, with an urbanization rate of 51.9%. New York has become an international metropolis alongside London, Berlin, and Paris.

Of course, there are many other famous international cities at this time, such as Sydney and Melbourne in Australasia, both of which are supercities with a population of more than 2.5 million, taking important positions in the global city population ranking.

However, Sydney and Melbourne still have quite a distance from the top four cities because these countries’ development is several decades or even a hundred years ahead of Australasia, so it is not something that Australasia can catch up with in a short time.

As the current leader in both industry and economy, Americans are very proud of their development.

While European newspapers and experts boldly predict that London will become the world’s first city with a population of over 10 million, American experts predict that New York will become the world’s second city with a population of over 5 million.

This theory is very suitable for Arthur to speculate on real estate in the United States. Therefore, Arthur unceremoniously borrowed Americans’ exaggerated propaganda, and major American media began to report on the US large city situation, promoting New York as the leading city among the world’s brilliant gems and one of the world’s most economically developed cities.

The prospects for urban development and the future population explosion were all mentioned in newspaper reports.

Since it is the most economically developed city and the population is going to boom, traffic and housing will certainly become issues.

Various promotions made the rise in housing prices seem natural, and even a trend that rising house prices could only match the status of New York.

By the end of February, the average housing price in New York remained at just over $370, and in early March, it had risen to over $410 and showed no signs of stopping. ȓåΝοꞖËȿ

At this time, it was not only Arthur manipulating the New York housing market, but many capitalists were also taking advantage of the chaos to buy houses.

Find adventures at empire

After all, a considerable number of capitalists have a good eye for investment, and the recent excessive publicity regarding the development potential of major American cities, combined with the abnormal growth of housing prices in the United States, had already let people guess that there were hidden hands at work behind the scenes.

But whether there were hidden hands or not, joining in the purchase of houses had already become the choice of most American capitalists.

Even if held only in the short term, each house could still make at least tens of dollars. Buying more of them could mean an income of thousands or even tens of thousands of dollars, which capitalists couldn’t resist.

Under this exaggerated trend, hundreds of thousands of houses in cities like New York were sold out in just over a month.

Most of those who bought these houses were capitalists, not the common people who really needed them.

Housing stocks are sold out!

News with this headline instantly went viral across the United States, and people increasingly believed in the impact of urban development on housing and transportation. In the midst of the fervent nationwide housing buying wave, everyone wanted to hoard a house for themselves in advance, and even buy more to sit back and wait for appreciation.

Under the wave of such craziness among Americans, housing prices soared even more drastically.

In early March, housing prices in New York remained at just over $400, but by mid-March, they had reached $420 and were still in a situation where the price was there, but no supply was available.

Basically, no one was willing to sell their house at a price of $420, as the growth of housing prices was still ongoing, and selling later could earn more money.

It’s worth mentioning that besides the housing crisis, newspapers also wrote about transportation issues.

This also led to the sale of cars, which had originally stabilized, becoming hot again.

Although car sales were not as exaggerated as housing prices, according to Benz’s sales data in the United States, entering March, the average daily sales volume in the United States increased by more than 15%.

After a surge of $50 in housing prices in less than a month, the extent to which housing prices would ultimately rise became a topic of interest for everyone in the United States.

Now, Arthur didn’t need to push behind the scenes anymore, as those capitalists who had bought large amounts of real estate had already mobilized their public opinion power to crazily promote the urban development prospects and the value of real estate, which also didn’t have any growth trend to stop.

Besides buying available real estate, many capitalists who saw the dividends were already planning to build a large number of houses for sale.

You should know that land in New York was actually not expensive, and the cost of building a house could be controlled at around $280.

This also means that, based on the current housing prices, the net profit of a single house would be at least $140. Building 10,000 houses would be $1.4 million.

Entering into real estate could make people millionaires. Who would refuse such a temptation?

In addition to that, those capitalists crazily promoted the benefits of the real estate economy, which in turn influenced the support of American congressmen for real estate brokers.

Those capitalists shamelessly said that real estate could drive the development of industries such as steel, cement, and even doors and windows, providing more job opportunities for all Americans and solving the employment problem of the American people.

By vigorously promoting the popularization of the real estate economy in the United States, not only could the American people completely solve the unemployment problem, they could also get more income from the common people, accelerate the circulation of the American economy, and create a win-win situation for both capitalists and the government.

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