Author: flyingroc

When will China's economy be the No.1 in the world? [Copy link] 中文

Rank: 6Rank: 6

Post time 2005-12-15 08:47:25 |Display all floors

When China becomes the leading economy

You won't believe the taxes you will have to pay.......... On everything.

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Rank: 8Rank: 8

Post time 2005-12-16 09:47:37 |Display all floors

Dear Fly_Roc - How old are you???

Live to a 100 yrs and you will see the day with spirit race!!!

If USA GDP is 12 trillion USD and China is very happy to be at USD4 trillion,
one can imagine the gap!!! Do one need so much money for food and medicine-basic survival necessities?

Kind regards

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freeman has been deleted
Post time 2005-12-16 12:09:35 |Display all floors

2039?

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Rank: 8Rank: 8

Post time 2005-12-16 12:46:54 |Display all floors

there's an old tip

that buying a house when one is short of disposable monthly income may not be financially wise, measured against what one can do with the extra cash invested as downpayments in other income-generating activities.

Cash payment for a house is sunk money, and benefits realised are (a) value appreciation, which is significant only after, say, twenty years, that itself diminished by inflation, and (b) roof over head, squared off against rental one would have otherwise to pay monthly to rent a place to stay.

The message here is: opportunity cost.

What is the cost foregone for buying a house when the capital (and monthly repayments to the bank for any high-interest loan taken) could otherwise be invested in other income-generating activities?

The answer to that has three dimensions: cashflow, risk of investment, and velocity of returns.

It is always attractive to think that money invested in business can bring bigger and faster returns than savings in rental from buying a house.  How true depends on a clear assessment of those three dimensions.

Give it a thought.

[ Last edited by markwu at 2005-12-16 01:11 PM ]

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arthur has been deleted
Post time 2005-12-16 13:04:45 |Display all floors

may not be the case

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Rank: 8Rank: 8

Post time 2005-12-16 14:17:54 |Display all floors

I understand many business men like to Rent instead of Buys.

So are Bankers!!

So Mark&Arthur is right!!!
Cashflow provides the answer.

Kind regards

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hanlei has been deleted
Post time 2005-12-16 16:40:55 |Display all floors

I won't care when it will arrive at that

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