Just to share something with someone who is investing in the housing market.6 y4 N- X, k) p( D
Bought another condo and rent it with $1300/month. Condo fee$ ^$ A& x' @% Z, z/ I
and loan interest (3 years prime-0.85) total $1100/month. Not too bad. ! E( l: T7 ~& Q" g* o0 ^& q1 cAlso bought a new luxury apartment in China last month with $150,000. 9 b- e) o8 ~ D% t& pThat unit worths $160,000 this month. 8 K# J' L; B7 T9 e4 X6 J/ e# l3 NDon'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.% {* i; F! S; W! U3 R% }6 {
I am not regreted so far even though I cannot catch the $1= 8.10 RMB prime." L4 V# v0 W0 M6 J, |5 q
Well, it is still the highest ever for my currency exchange history.