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To: TobagoJack who wrote (49220)	4/30/2004 11:49:52 PM
From: Maurice Winn	Respond to of 74559

<(c) My friend is trying to tempt me to get an apartment in Beijing, and situate myself in the metaphorical backyard adjoining the figurative kitchen, where the preparation of the game meat will take place.> Jay, I didn't get mine after some investigation, only because reading the Chinese in a hurry was difficult, and Tarken-son was leaving, and rushing into spending money isn't a good idea [usually]. At NZ$170,000 for a 3 bedroom penthouse apartment it seemed a real bargain, though I'd have had to provide all fittings and decoration, including flooring, which would put the price to around NZ$200,000 = US$120,000 at present. [Hmm, with US$ going up vs NZ$, there's a small adjustment for that]. Sure, less salubrious apartments without landscaping, facilities and location were half the price, but quality matters when the chips are down in a decade or two and competition for business district space increases and inflation works its wonderful magic. A ringside seat is certainly a good place from which to see proceedings. Mqurice

To: TobagoJack who wrote (49220)	5/1/2004 7:25:53 AM
From: Micawber	Read Replies (1) \| Respond to of 74559

Jay, you apparently have not read the memo: Message 19854917 Message 20081231

To: TobagoJack who wrote (49220)	5/1/2004 1:49:28 PM
From: RealMuLan	Read Replies (1) \| Respond to of 74559

Jay, agree, 0.5% loan rate raise by the end of May, and then progressively higher. The apartment in Beijing has closed to a near top (>10,000 Yuan per square meter in good location), methink, mainly due to the gov. control of loan, and new regulations came out to prevent individuals/groups to cook up the price. Those who position themselves badly will get burned, although like in the US, taxpayers will pick up most of the tab<ng>. To buy an apartment in Beijing for self use is ok, don't expect a good price if for resell (Beijing has never been a good market for 2nd hand housing, unlike a lot cities in the South), but can get decent rent for rental. Systematic looting has been pretty bad in China for the last decade or so. It will get worse as more and more companies go to public offering. Those poor migrant workers work all year round in cities and a lot of them got paid only for several months, the unpaid salary amounts to a couple of trillion Yuan altogether. Jiang Zemin himself is a big "looter"<g>. The corruption problem will not be lessened much until he comes down.