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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.47-0.2%Dec 5 4:00 PM EST
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To: Nixpix who wrote (84782)12/20/2011 12:30:11 AM
From: TobagoJack1 Recommendation  Read Replies (1) of 218201
 
just sanity-checked w/ calculator for hk

- the govt rates (equiv to property tax) is about 0.1% of r.e. bought recently

- the govt land rent is 0.0025% (no typo, effectively zero) - the rate is good for another 66 years (150 years from jan 1st 1924). had the lease been up this year, the renewal fee would be around 0.5% of property cost which is tolerable as a one-off payment, unclear what the new land rent would be, but probably not too bad

- management fee (incl maintenance for common area and security) for a place with pool, covered carpark and open grounds 10 yards from ocean is around 0.125%

cost of living, in the form of housing and private car/gas is not low

for fun the folks of the thread can either come up with a fussy common list and compare bothersome cost, or just trust the economist big mac index that should include all factors that matter economist.com else mcd losing money in domestic ops

healthcare is public / private, and public is reasonable
- one month stay in public hospital private room incl surgery to mend broken leg and cracked foot and physio is about usd 20k

- 5 days stay at tippy-top private maternity hospital private room inc of elective c-section and conrad hotel catered food and various babycare instructions is about usd 10k
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