Just to share something with someone who is investing in the housing market. + R6 e# Z# }8 A0 _5 RBought another condo and rent it with $1300/month. Condo fee, Q6 k) ~7 Y4 @& e* U& A* o
and loan interest (3 years prime-0.85) total $1100/month. Not too bad. y3 ?1 E% S4 [$ v- g% SAlso bought a new luxury apartment in China last month with $150,000. ; o- x$ O' N1 P4 ~" G# CThat unit worths $160,000 this month.- x. w& K- u R$ @! a: u% Q* g
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.9 i4 K3 a( G7 v, k l8 t5 g8 c. j( W
I am not regreted so far even though I cannot catch the $1= 8.10 RMB prime.% k4 t9 y( k/ `4 c- v6 k
Well, it is still the highest ever for my currency exchange history.