Just to share something with someone who is investing in the housing market.& J5 w" Z: W. a- P# N/ @
Bought another condo and rent it with $1300/month. Condo fee& T& i6 a( w- ^. ]
and loan interest (3 years prime-0.85) total $1100/month. Not too bad.& N% {) X4 Y! C$ ]5 P1 |" e, O5 w- v
Also bought a new luxury apartment in China last month with $150,000.7 U! f- p2 I2 u! U2 x
That unit worths $160,000 this month. 3 {! m: ~" N* D# I3 v2 LDon'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. 6 Q# w. i. g1 v& TI am not regreted so far even though I cannot catch the $1= 8.10 RMB prime. + c6 I( {) T/ L/ f. CWell, it is still the highest ever for my currency exchange history.