Just to share something with someone who is investing in the housing market. 4 X- O! X, K( U! fBought another condo and rent it with $1300/month. Condo fee ; ?% V" r4 H) L7 Eand loan interest (3 years prime-0.85) total $1100/month. Not too bad./ M# T/ b1 |6 q# o
Also bought a new luxury apartment in China last month with $150,000. / G! O/ w0 ~5 e/ g& OThat unit worths $160,000 this month.3 ^7 R: P0 T* Q# s. M6 I
Don't talk too much, just do it.
I don't want to invest in China either. But $1= 7.75 RMB is hard to resist. # ^7 Q3 {; k/ ^: d) C2 v% o4 iI am not regreted so far even though I cannot catch the $1= 8.10 RMB prime. 9 X# x) }; ~8 b Z$ XWell, it is still the highest ever for my currency exchange history.