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InCarmelValley
ParticipantAs I go to China once a year, I should say the facts stated by fat_lazy_union_… and Arty are very true.
The changes and progresses in China, especially in the major cities are very rapidly. People there are working very hard to earn a little money. Day and night, workers keep building on new projects. In California, I see some highway projects take years to get complete. In China, same scale projects can be done in only weeks. The Chinese are catching up. Although there is still a long way for average Chinese to match the live stand of average American, most major cities’ life is already very exciting and comfortable even in the current US standard.
A few months ago, I replied on a post in this forum that I would retir to live in China. I am only in the US now to make money and raise children for their education here. I am fortunate to purchase a 1500 sf brand new condo in a major city in China for only $80K in 2005. Now the condo is worth over $200K and still appreciating. The community there is very very nice and beautiful, and quite a lot of foreigners (White, Korean, people form Hong Kong and Taiwan, etc.) live there as well. You can live there like a king with $500/month. HOA fee is only $50/month, cable TV (many channels) is only $2/month. No property tax no far (may have in the future). A maid is only $1.5/hour to do all the cleaning and cooking. A full buffet plus foot massage is only $8. Lots of exciting things to do there as well.
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ParticipantAs I go to China once a year, I should say the facts stated by fat_lazy_union_… and Arty are very true.
The changes and progresses in China, especially in the major cities are very rapidly. People there are working very hard to earn a little money. Day and night, workers keep building on new projects. In California, I see some highway projects take years to get complete. In China, same scale projects can be done in only weeks. The Chinese are catching up. Although there is still a long way for average Chinese to match the live stand of average American, most major cities’ life is already very exciting and comfortable even in the current US standard.
A few months ago, I replied on a post in this forum that I would retir to live in China. I am only in the US now to make money and raise children for their education here. I am fortunate to purchase a 1500 sf brand new condo in a major city in China for only $80K in 2005. Now the condo is worth over $200K and still appreciating. The community there is very very nice and beautiful, and quite a lot of foreigners (White, Korean, people form Hong Kong and Taiwan, etc.) live there as well. You can live there like a king with $500/month. HOA fee is only $50/month, cable TV (many channels) is only $2/month. No property tax no far (may have in the future). A maid is only $1.5/hour to do all the cleaning and cooking. A full buffet plus foot massage is only $8. Lots of exciting things to do there as well.
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ParticipantSDowner,
Thanks for the info. I am not interested in any of your personal info. I just like to know which brokeage firm you got the loan.
Regards,
ParticipantSDowner,
Thanks for the info. I am not interested in any of your personal info. I just like to know which brokeage firm you got the loan.
Regards,
ParticipantSDowner,
Congrats on your refi. I may have to do the same. Do you mind to share where you get 30-year 6.125% loan. And do you pay points / fees? Thanks.
ParticipantSDowner,
Congrats on your refi. I may have to do the same. Do you mind to share where you get 30-year 6.125% loan. And do you pay points / fees? Thanks.
ParticipantI have a similar situation. I have 3/1 ARM with current interest rate 3.875%, but will get adjuested this Novemeber (max 2% more, so up to 5.875% from Nov 2007 ~ Nov 2008). I am thinking to buy a townhouse in North CA, and rent out the one in San Diego (just thinking and planning). Should I refi to 30 yr fix for my SD house now? The pro is I don’t need to worry about it any more even I may rent it out later. The con is I loss several month of low interest.
Any advise?
ParticipantIn the community in CV I watch, 2700+ sf single family houses, built in 2005, were sold over 1.05M at peak, now sold around $870K in the last 3 transactions in No and Dec.
How far it can go?
ParticipantPerryChase, I am a Chinese American. The community I like is in the city of Guangzhou (Canton), which attacts lots of non ethnic Chinese, such as American, Canadian, Japenese, and Korean. You may check out the website:
http://2005.star-river.com/en/You can get maid there for $1 (US) an hour. They clean and cook for you. There is no property tax yet (but I heard it’s comming). I paid off the condo. The only thing I need to pay is HOA (about $50/month for a 1,200 Sq ft condo) and utilities (about $80 for gas, water, and electricity). The security is execellent at least inside the community. And the house is in much better quality, steel and concrete structure with high end upgrade inside out.
ParticipantI know some Americans retire in Philipines or Thailand and are pretty happy.
For me, China. I purchased a condo there a year ago for my retirement.
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