Just to share something with someone who is investing in the housing market. / l. ]! O2 I% p" n, A( }% aBought another condo and rent it with $1300/month. Condo fee- \2 x; Z# i1 x s; t& [
and loan interest (3 years prime-0.85) total $1100/month. Not too bad. ( f0 F# z/ C/ |/ x+ p& I' xAlso bought a new luxury apartment in China last month with $150,000.7 h$ i; `% g6 k1 l) X4 }
That unit worths $160,000 this month.; @& _8 }8 T' Q1 a
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.5 f* ?( I) b& u. m7 z" V
I am not regreted so far even though I cannot catch the $1= 8.10 RMB prime. . k/ _9 J# @8 T$ j/ G$ B9 C1 XWell, it is still the highest ever for my currency exchange history.