Chapter 345: Modernized Colonial System (4)
The people of the Toscana Empire are very well aware that real estate is a great way to make money.
Urban areas and fertile lands have only appreciated in value over time, and everyone—whether nobles or merchants—has made a nice profit from it.
This is also why I created stocks and moved the wealth from real estate into the stock market, causing property prices to plummet and thereby stabilizing the real estate market.
Even now, real estate transactions are still a pretty solid way to make money.
"Sebastian, is the promotion going well?"
"It was a bit slow at first, but now word of mouth has spread, and many merchants and nobles are eyeing it. The staff in charge of promotions are even being hounded by people asking when the products will be available."
"Glad to hear things are going well."
"At first, I was worried whether we could sell the amount we had planned since no one was showing interest. But looking back now, it seems that was an unnecessary worry."
Although Sebastian said that, what I had started was honestly a scheme that would have failed in the context of a medieval fantasy world.
In the late 20th and early 21st centuries in Korea, with well-developed transportation and the tendency for all wealth to funnel into real estate, it's considered common sense that a well-executed new city development could generate huge profits in a short time.
But in the medieval era, with no transportation other than horses, carriages, or walking, how could anyone make a fortune from a new city development in such a short period?
'This is a project that should take at least several decades.'