Just to share something with someone who is investing in the housing market.% D1 ?6 o- C) R3 L
Bought another condo and rent it with $1300/month. Condo fee# G) N6 g- Q9 _. P1 I
and loan interest (3 years prime-0.85) total $1100/month. Not too bad.4 s! j5 R5 @- ^1 y5 P
Also bought a new luxury apartment in China last month with $150,000. ! B! z: A7 U: t6 X+ MThat unit worths $160,000 this month.3 J/ D7 c2 h" i' `. Y
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. ! G/ i& g, {9 C) o( y4 l2 `0 mI am not regreted so far even though I cannot catch the $1= 8.10 RMB prime. + a- a# F4 m4 X) pWell, it is still the highest ever for my currency exchange history.