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Reply #16 microlab's post
Rmb8,000 - 9,000 psm....so buy a unit with size of 50 m2.....HOng Kong or Japan sized apartments!|
or buy outside the city, in the suburb for less...
and commute to work!
YOu earn as much as Mr. Zhang in my story above! (i think that is the average DINK university educated income in major cities)
IN Malaya, most couples start to have their first home at age 30!
I bought my first car at age of 28!
ie. i worked almost 4 years to own my first car, and 6 years for 1st home - in a satellite surburb of Kuala Lumpur! (I first bought it for Rmb300,000 and now it is worth Rmb750,000.....only 13 years old....)
Real estate developers aren't stupid...
They wouldn't build and price their apartments beyond affordablity..
There must be people out there earning Rmb20,000 a month to be able to pay Rmb800,000 for a 100m2 apartment! (This is Malaya normal sized apartments), and their demand is maintaining the prices.....there must be a lot of entrepreneurs now in China's major cities....
When i first started to do my own business at age of 32...i made triple my old monthly salary..i was quite surprised!
Do not OVERSTRETCHED your ability to repay loans.....
Save more money, earn from more sources..
example, salary, dividend/capital appreciation from savings!
The Pressure to excel is stressful, wouldn't you agree?
God of Prosperity
[ Last edited by greendragon at 2006-9-19 10:35 PM ]