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...or New Delhi, for that matter. I am leaving for China next week, and was struggling with how to handle cell phone calls (with no caller ID) at $1.29 per minute. Additionally, I don't want to be bothered with calls when I am on vacation. At the same time, I don't want to disconnect from the world or family--at least on this trip.
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33 Comments on How to do Real Estate from China
Roberta,
We were in China last year for almost a month. Almost every hotel had a business room and you could pay a small fee and go on-line for email.
What I found out about Chinese real estate is that you're basically buying air rights for a period of 70 or 80 years.
You do NOT own the land. China experienced an explosion of Chinese investors buying up new condo buildings. So in June, 2005, the government restricted investors and also increased the required downpayment.
Many of the new buildings are almost ghost towns. They over paid...and now can't find buyers. Sound familar?
The most interesting fact, I learned, is that the unit comes with NOTHING. No appliances; no sinks; no toilets; no light fixtures; no carpeting; no window treatments.
You buy the shell...and then have to buy everything else. It does get very expensive.
But China is quickly learning American ways and they're tearing down and rebuilding.
Enjoy the trip and if you get to Shangai...make sure to take pictures of all the exciting buildings.
Roberta,
Just thought you might enjoy these lovely fresh creatures! I do mean fresh...they are alive inside the bag! Whole Foods, Chinese style. ;)
.../
Ah Mystery Meat brings back memories ... I also decided to do the vegetarian thing..This was 10 years ago and they only seemed to have braised lettuce, with a little celery, peanuts and watermelon.. and bad watermelon at that... My fondest memory was when we got to Shanghi we found a little store that had HagenDaze Coffee ice cream.. I have never tasted anything so good....
I love China .. Was there in '81 and '97.. big changes between first and second trip.. I would have to think if I went today would see even greater change.. they were just beginning the concept of private ownership by allowing individuals to buy a condo instead of having gov't provide housing. Was a huge change in official policy in '97
Stay away from Chinese gold it tarnishes!!!
Kristal: I am laughing, and recalling trips to Chinatown in Los Angeles. It was the live turtles in barrels by the meat counter that caught my eyes and nose.
Feng Shui says it is a good practice to rescue these turtles (from the soup pot) and keep them on the north or southeastern side of the house for good luck in wealth and career. I don't think snakes are much-favored in Feng Shui practice. That is probably why they are eaten or milked for medical purposes.
I think they might also be good for gopher removal. Frng Shui and ranchers don't favor those critters either.
Have a great time!
Christine: My husband and partner will be handling the real estate and transaction details back home. Lucky me!
Gena: Thanks!!!
Kengo: Aloha!
Snappyname? Cool! I'm more boring: Roberta.Murphy
Mykael: I used gotomypc.com when in Mexico. It worked well.
Monika and Tony: I sometimes think a blog is like a diary or thought album of sorts. I may blog from China, or I may not. I just want to freedom to stay connected--or not. Having a cell phone on where I have no caller ID and the rates are exorbitant does not appeal to me in the least. What I like about Skype is that I can check voice mail and connect with people on my own schedule.
No clients or associates are expecting to hear from me in China. If they do, it might be a surprise (especially if I mix up time zone differences!)
Hi Roberta,
Have a great trip. Monika and I had a client last year that traveled to China a lot on business and we negotiated the sale of his house while he was in China. Being able to change documents to .pdf files and emailing them helped a lot. Also when we are away we have a seperate fax# that converts faxes to email and we receive our faxes via email. $3.95 a month and well worth it. A company called Packetel if you don't use this type feature may be worth a look see.
Enjoy China,
Thanks Jay