[quote=flu]
I’m still seeing if I can pick up cheap(er) property or a better primary….Just not holding my breath though, because I think i missed the boat (in the near term) for the more affordable stuff and the higher end stuff is still ways away. Oh well, guess that’s my message to focus on other things…
RE in China is getting interesting too…One thing…Folks have suggested buying property in Vietnam if can….Cheap labor is moving to Vietnam, coming soon to a theater near you, apparently
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I’m too trying to figure out if I can pick up a better property one day. I’m fine with the higher end still far away because I need time to pay down my mortgage on the current one anyway.
But don’t even think about that you’d still have chance investing in RE in China. The rent to buy ratio is more outrageous there now comparing to the bubble years here. Even the price per square feet is also higher in big cities there comparing to low-cost areas here, say Temecula. But on the other hand, the carrying cost is almost zero (thanks to the cheap labors and no government property tax). People here still think that prop. 13 inflates the real estate bubble in California. Now image what 0% tax rate could do to the housing price. I heard Tata is working on low-cost housing (that has only room for a bed and with shared bathrooms, etc) in big cities in India now (besides the headline news on its cars), because apparently, since the price to income is so outrageous there, that’s all what people can afford.
