Just to share something with someone who is investing in the housing market.4 m7 D& q6 `# a) ?3 D. e
Bought another condo and rent it with $1300/month. Condo fee: N0 Q( d3 c: U4 h
and loan interest (3 years prime-0.85) total $1100/month. Not too bad.( L/ D. r5 K+ E& P- }" b, o
Also bought a new luxury apartment in China last month with $150,000.5 U# B7 ]3 t4 a( O( v! [+ [
That unit worths $160,000 this month. " x. Z/ u: t3 s. u! e# b1 VDon't talk too much, just do it.
I don't want to invest in China either. But $1= 7.75 RMB is hard to resist.+ _0 ^$ _) c$ b5 M8 S) i' e
I am not regreted so far even though I cannot catch the $1= 8.10 RMB prime. ; B' f4 ?8 f: Q+ f. H* DWell, it is still the highest ever for my currency exchange history.