Just to share something with someone who is investing in the housing market.2 \$ N y! @/ p: x
Bought another condo and rent it with $1300/month. Condo fee2 l! i {3 Y+ x9 `4 a9 L& Z
and loan interest (3 years prime-0.85) total $1100/month. Not too bad.5 S6 g- }- D! r; O: I4 ]
Also bought a new luxury apartment in China last month with $150,000. ) J6 i, U& ]4 `8 K/ EThat unit worths $160,000 this month.: I2 \5 c7 F, L) ~& f2 Q& t
Don't talk too much, just do it.
I don't want to invest in China either. But $1= 7.75 RMB is hard to resist.$ J0 m0 u* u+ ?* Y5 Y
I am not regreted so far even though I cannot catch the $1= 8.10 RMB prime. 7 W! g7 ~; e/ m: l# D6 s& nWell, it is still the highest ever for my currency exchange history.