
THAO DIEN HOUSING HISTORY
I had lived in Thao Dien from birth to the time when I was a senior at university. It was unhappy to left there, but such was life. Now it is in the corner of Street 2 (or Do Quang Street) and Street 41. It has a southern aspect although most houses there have a western aspect. About 1/3 of its size, approximately 60 square meters, were sold in 2004 (not long after I graduated) with the price of 600 millions. It was rebuilt rooms for rent. Its income is about 3 millions VND per month now, not included the fees of electricity and water.
I couldn’t remember how many times it has been repaired. The first and also impressive image I could remember was a small pond in the front of an iron and rose-mallow fence (hàng rào dâm bụt) . In front of the pond was the line of 3 coconut-palms and a sour sop (mãng cầu). While everybody took a quick nap after lunch, I usually waded through the mud in the pond. The water level just reached above my knees. I was not sure that the pond was only for feeding ducks or fishes, even growing spinaches (rau muống). Next to the fence was a damson (cây mận). It was interesting to climb the damson and sit there. From these heights, it was easy to see the far view and someone outside. It also was the only way I talk with my neighbor friends when my parents was absent and locked the main gates.
I am always grateful to Thao Dien house. Its income from rental was the main financial source to help my brother and me at university. I regretted selling it so much. I couldn’t do anything to avoid it. It witnessed all my childhood and school hood as well as the time when I practiced Taekwondo and Vovinam.
I decided to work for M.E.I. (VN) project engineering and construction just because I wanted to be near it and to see it whenever I passed by. Although I know that I can’t stay Thao Dien house now, I still hope one day I can buy the old size back
FINANCIAL PROBLEMS
My parents were engineers in a factory of maintenance ship. Then Thao Dien house belonged to the ownership of government. They paid very cheap rental amount. To turn the ownership into themselves, they had to follow many complex procedures and at last paid a sum of 50 millions VND in 2002. It was very difficult to manage this amount. Eventually, they decided to loan in the agricultural bank. This was the beginning loan of my family. I remembered that we couldn’t sometimes pay the bank 2.5 millions VND per month on schedule. After that, my parents also got another bigger loan at other bank to pay the previous loan and invest mechanics. A couple of months later on, they still borrowed huge money from the bank to invest real estate. Of course, they were unable to meet their liabilities. As a result, to pay all debts, they had to sell a piece of land 125 square meters in Binh Duong, a hectare of field in Cat Lai, and at last an area of 60 square meters in Thao Dien. The investment showed that I have no financial analysis. I studied at finance, but I couldn’t help anything for my family’s investment. It was one of the bitter failures in my life.
I had lived in Thao Dien from birth to the time when I was a senior at university. It was unhappy to left there, but such was life. Now it is in the corner of Street 2 (or Do Quang Street) and Street 41. It has a southern aspect although most houses there have a western aspect. About 1/3 of its size, approximately 60 square meters, were sold in 2004 (not long after I graduated) with the price of 600 millions. It was rebuilt rooms for rent. Its income is about 3 millions VND per month now, not included the fees of electricity and water.
I couldn’t remember how many times it has been repaired. The first and also impressive image I could remember was a small pond in the front of an iron and rose-mallow fence (hàng rào dâm bụt) . In front of the pond was the line of 3 coconut-palms and a sour sop (mãng cầu). While everybody took a quick nap after lunch, I usually waded through the mud in the pond. The water level just reached above my knees. I was not sure that the pond was only for feeding ducks or fishes, even growing spinaches (rau muống). Next to the fence was a damson (cây mận). It was interesting to climb the damson and sit there. From these heights, it was easy to see the far view and someone outside. It also was the only way I talk with my neighbor friends when my parents was absent and locked the main gates.
I am always grateful to Thao Dien house. Its income from rental was the main financial source to help my brother and me at university. I regretted selling it so much. I couldn’t do anything to avoid it. It witnessed all my childhood and school hood as well as the time when I practiced Taekwondo and Vovinam.
I decided to work for M.E.I. (VN) project engineering and construction just because I wanted to be near it and to see it whenever I passed by. Although I know that I can’t stay Thao Dien house now, I still hope one day I can buy the old size back
FINANCIAL PROBLEMS
My parents were engineers in a factory of maintenance ship. Then Thao Dien house belonged to the ownership of government. They paid very cheap rental amount. To turn the ownership into themselves, they had to follow many complex procedures and at last paid a sum of 50 millions VND in 2002. It was very difficult to manage this amount. Eventually, they decided to loan in the agricultural bank. This was the beginning loan of my family. I remembered that we couldn’t sometimes pay the bank 2.5 millions VND per month on schedule. After that, my parents also got another bigger loan at other bank to pay the previous loan and invest mechanics. A couple of months later on, they still borrowed huge money from the bank to invest real estate. Of course, they were unable to meet their liabilities. As a result, to pay all debts, they had to sell a piece of land 125 square meters in Binh Duong, a hectare of field in Cat Lai, and at last an area of 60 square meters in Thao Dien. The investment showed that I have no financial analysis. I studied at finance, but I couldn’t help anything for my family’s investment. It was one of the bitter failures in my life.
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