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To: TobagoJack who wrote (71354)8/30/2009 8:52:59 PM
From: Maurice Winn3 Recommendations  Read Replies (1) | Respond to of 74559
 
Indeed TJ, "ownership" in Hong Kong looks more genuine, even while called a lease for a long time, than outright ownership in USA which gives one the right to pay taxes galore, be told how and when to not cut trees down, how to paint the building, who can live in it, and all other details of "ownership" with eminent domain transfer by the city to a "better" owner such as a mall operator "in the public interest" the better to increase cash flow to the city officials.

Perhaps it's time I once again visited Hong Kong [approaching 20 years since my last actual overnight stay there rather than an airport visit and aerial view of the city]. If passports come supplied with an apartment or other property bought, that would be tempting. It would not be a tradable citizenship but more like it than other options.

Mqurice



To: TobagoJack who wrote (71354)8/31/2009 8:44:56 PM
From: Ilaine4 Recommendations  Read Replies (3) | Respond to of 74559
 
I still like my own house very much. Tax rate is $0.92 per $100 assessed value, which pays for nice roads, nice libraries, nice schools, and real estate tax is still deductible. Mortgage interest, at 5.25%, also still deductible. And it's still cheaper than renting.

I try not to extrapolate from my personal situation. Always did. I am but a single data point.