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	<title>Comments on: China: Is there a Real Estate Bubble?</title>
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		<title>By: Vincent911</title>
		<link>http://wallstreetpit.com/12860-china-is-there-a-real-estate-bubble#comment-88824</link>
		<dc:creator>Vincent911</dc:creator>
		<pubDate>Thu, 24 Dec 2009 17:04:46 +0000</pubDate>
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		<description>I guesstimates that there are more than 1 million Mainland Chinese business owners with
annual saving-bankable income of over 100,000 USD.
If you are one of them then what would you do with your money ?

Given that :
01) You already own a home (home = apartment to most Chinese).
02) You already have a car.
03) You have only one child by law.
04) You have to tend your business over 12 hours a day, 350 days a year (10-14 days off
for Chinese New Year).
05) No property tax, local tax, state tax, federal tax, no whatsoever tax.
06) Property maintenance fee 0.30 USD per square meter per (10 square feet) per month.
07) Down payment for the nth (n &gt; 1) apartment is 30-40%
08) Mortgage interest rate 4.75% (2009-12-24)
09) Before late 70s
*) You had no right to choose the color of your cloth.
*) You were not allowed to buy more than a few sets of cloth per year.
*) You were not allowed to choose the place to live or to work.
*) Consuming even an oz of meat was a privilege reserved for those in power.
*) Rice, sugar, salt, etc. were available thru ration if you were obedient.
*) Stores all over the countries were stocked with empty shelves.

Any suggestion would be appreciated.</description>
		<content:encoded><![CDATA[<p>I guesstimates that there are more than 1 million Mainland Chinese business owners with<br />
annual saving-bankable income of over 100,000 USD.<br />
If you are one of them then what would you do with your money ?</p>
<p>Given that :<br />
01) You already own a home (home = apartment to most Chinese).<br />
02) You already have a car.<br />
03) You have only one child by law.<br />
04) You have to tend your business over 12 hours a day, 350 days a year (10-14 days off<br />
for Chinese New Year).<br />
05) No property tax, local tax, state tax, federal tax, no whatsoever tax.<br />
06) Property maintenance fee 0.30 USD per square meter per (10 square feet) per month.<br />
07) Down payment for the nth (n &gt; 1) apartment is 30-40%<br />
08) Mortgage interest rate 4.75% (2009-12-24)<br />
09) Before late 70s<br />
*) You had no right to choose the color of your cloth.<br />
*) You were not allowed to buy more than a few sets of cloth per year.<br />
*) You were not allowed to choose the place to live or to work.<br />
*) Consuming even an oz of meat was a privilege reserved for those in power.<br />
*) Rice, sugar, salt, etc. were available thru ration if you were obedient.<br />
*) Stores all over the countries were stocked with empty shelves.</p>
<p>Any suggestion would be appreciated.</p>
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