Tuesday, January 03, 2006

Invest in What?

Found this one on Craigslist. It's headlined "Invest in Shanghai, China like all the Chinese" and is encouraging the speculators to go to China. Last time I checked, China was still a communist country. You just might want to read up on communism before you pursue such a path, just in case you've forgotten what it means. (As you'll discover, "Communism's ultimate goal is the creation of a society that is propertyless, classless...") However, things have been changing, even if it has been less than a year since the Chinese government has allowed private property ownership. Even still, the whole idea of buying property there sort of makes a good ole USA bubble seem less scary to me:
Heard enough bubble bursting stories. Yes we all have. If not bursting, definitely slow down. Any real estate investor knows that. Do you really want to buy in Texas and pay 3% property taxes? It's like buying a 750K property in Los Angeles and pay the same property tax for a 250K property in Texas. Arizona and Las Vegas has beeb inflitrated by California investors

For those new to China, it's appreciating faster than USA, invest in smaller dollar amounts...buy more apartments in China and spread your eggs in more baskets for much more less than USA. Foreign ownership is legal now. China is entering WTO, Beijing 2008 olympics is right around the corner and China is booming. If you have not heard China is growing in leaps and bounds, you're lagging behind.

Call us to see, find listings if you're thinking of investing in apartment buildings for rental. Interest rates are also floating at about the same as US. We have affliate realtors in China and english speaking law firms that will help you close the deal.

— The Boy in the Big Housing Bubble