To: carranza2 who wrote (33705 ) 4/23/2008 12:22:12 PM From: TobagoJack Read Replies (1) | Respond to of 219660 he also thinks he knows Message 24525626 hk real estate ...Does the Moron who you think will buy your Hong Kong building at 3x even know you exist? And yet you can't on him to buy you out, less real estate commissions, less property taxes, less repairs, less maintenance, less vacancies, less debt payments, less...less....less....LOL!! speaking of hk real estate, i just sent out a letter to fellow and fellowette club members, noting that quote "see attached article, of the 8 new hotel developments on HK island (as opposed to the 7 new developments on Kowloon and New Territories), 7 are in the immediate area of Derrick Industrial Building, 5 of the 7 are on the same street, and 4 of the 7 are w/i 2-5 min walk from the building. Approved plot ratios basically doubles the current actual height of buildings, and the hotels are approx 600-700 rooms each for those described. Of the areas for hotel developments, our area is tipped to undergo the most change. Presumably change is good, and "most" change is better than good." unquote I dunno, i guess some folks can redevelop land and build facilities becoming to an area designated for major redevelopment without first acquiring the old buildings first, and other folks can lose money by buying old buildings at construction cost excluding land value in areas where simple and old residential sell at 2.5x, and abodes only 10 min drive away sell at 10-12x, and where plot ratio is doubled. all puzzling puzzles. another puzzle, i wonder why zim thinks hk real estate ownership and rental involve consequential commissions (1%), less property taxes (effectively nil), less repairs (effectively none, especially for industrial), less maintenance (none), less vacancies (why would a sale & lease back involve vacancies?), less debt payments (what debt?) - maybe because he thinks he knows hk real estate.