Rule by making up laws?
Just in in tray, conversation between two of yours, one ex- and one 1/2 ex-
On Dec 28, 2010, at 2:32 PM, W wrote:
C
If the USA would eliminate the income tax, shut the Fed and CIA, withdraw from foreign wars,recommit itself to the first 10 Constitutional amendments, and simply default on its unpayable sovereign debt the real estate market and dollar would soar, closing the current yawning gap. HK has individual liberty w/o confiscatory taxation, no sinister central bank or Secret Government, no standing army to commit to foolish wars domestic or foreign, and maintains an external surplus.
The RE value gap can continue to get bigger.
On Dec 28, 2010, at 2:17 PM, J wrote:
Some details we must not gloss over:
(i) the maintenance / management / insurance / taxes on the 10-20 in HK is materially lower than on the 1-2 in USA
(ii) the net yield in HK is equal or higher than that in the USA
(iii) the financing cost in HK is lower
(iv) one stands a better chance of unloading the HK wager at 2x w/i 5 years than offloading the USA bet at 2x w/i 150 months
Then there be the relative risk of revolution, much higher in USA than HK.
From: d
Sent: Tuesday, December 28, 2010 10:20 AM
Subject: Re: Comments - Week of December 20
One member of our group has a very nice waterfront townhome in HK. I forget the exact price. I think he agrees it is massively over priced... In Boulder we saw 1 2000sq ft loft w roof best mountain view on mainstreet, 5pct yield, at 800k... Latest solar tech... Each floor has separate double flooring w indep space....
Then we saw another place, not quite as good location, just completed 2010, owner-builder keeping some flats, 900k for 3000sq ft, everything more top of Line I have seen in HK for workmanship...
HK -- 10-20m
US west -- 1-2m |
