Vuong Pham "captured silver" thanks to the suburban land fever in the US: 4.5 times increase, much profit but must know how to buy

Billionaire Vuong Pham revealed that the land purchased 6 months ago has tripled in price.

Currently, the real estate market is still very "hot" despite the volatile 2021 and early 2022. In particular, the land fever took place all over the country. Even in a short time, there are areas where land prices have increased 2, even 3 times.

It seems, this "fever" does not stop at Vietnam. Typically, recently, Vuong Pham, a Vietnamese billionaire currently in the US, shared about land in the suburbs of Houston Texas.

"But come to think of it, the land has gone up really badly, 6 months ago, Vuong bought a few pieces of 141 samples and nearly 550 samples for less than VND 252 million/acre, but now the similar pieces next door are all calling for the cheapest price of 823 million. /sample is not buildable, on average 1.15 billion per acre for easy build pieces.

Pham Dinh Quoc Vuong shared about the land fever in the US

Within half a year, the land was worth 3-5 times its original price. It can be seen that real estate is still a profitable industry in many places.

"Unlike a house, the land that is left there does not depreciate, but increases in value more than a house and has less headaches than managing a house. That said, Vuong sees both good and bad, although land is more profitable than house but You have to know how to buy with a large capital so that the longer you soak it, the more profitable it will be. And if you buy a house with little profit, you can rent something to get the monthly installment payment."

He also said that if you have a surplus of money, you should buy land to invest in assets. Especially in the context that inflation is expected to increase like now: "But there is a saying that the Vuong family keeps saying, the people give birth but the land does not, Vuong has heard it over and over since he was a child and it is still true."

Vuong Pham's full name is Pham Dinh Quoc Vuong (born in 1991, Cu Chi hometown), is the owner of a business with nearly 200 employees and earns millions of dollars a year from many sources. He also owns many million-dollar houses in the US, a 120-hectare farm and a zoo built just to "see for fun". All of these are shared by Vuong Pham on his YouTube channel.

There was a time when Vuong Pham caused a fever when he started producing clips with Khoa Pug , showing off his purchase of a shared plane and opening a chain of hotpot restaurants to do business in the US. However, after the drama stopped playing with jeweler Johnny Dang, both Vuong Pham and Khoa Pug did not collaborate on any content on YouTube. The story of the shared plane or the hot pot restaurant also sank into oblivion...

Most recently, he was fiercely criticized by netizens for allegedly fabricating a land ownership story of 10 million dollars. Facing this situation, Vuong Pham also spoke:

"The other day I took Thuy Nga to visit two pieces of land, in which there was a 140-hectare piece of land that I had bought and signed.

The remaining piece of land I just signed a contract to prepare to buy. By the end of February, that piece of land has completed all procedures. Here in the US, from signing the sales contract to the completion of all procedures, it takes several months.

I have to complete all the procedures to be able to name the papers and then show it and the fact that I bought the land for 10 million dollars and made a profit of 5 million dollars is real, not fabricated.

It's just that I didn't mean it, so people misunderstood that I was in the name of the land, while I just signed the contract. People cursed me too much but it is true that I deserve to be cursed because the land has never been transferred to my name.

Vuong Pham's land of 10 million dollars in the US

Exactly, at the end of February, I officially named that million dollar piece of land.

I have to explain because I love the brothers and sisters who spend money with me to do that project because the capital is quite large, up to tens of millions of dollars. People with millions of dollars in their hands, their brains are terrible, not normal. I have to show them all the papers clearly."

Khoa Pug restaurant in partnership with Vuong Pham in the US has been transferred, the new owner's identity is a surprise? Hoàng Phúc08:35:57 06/03/2022Many people are still curious about the fate of Khoa Pug's hot pot restaurant. From October to November 2021, Khoa Pug announced that he and Vuong Pham cooperated to open a restaurant in Houston, Texas, USA. With two updated videos on YouTube, Khoa Pug has chosen a 620 m2 wide...