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kumlong
LoopKicker
Joined: Oct 18, 2007
Posts: 817
Status: Offline
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 Posted:
Jan 11, 2008 - 11:35 AM |
 
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say you buy a cny1m apartment and take a 5y mortgage. maximum u can borrow is cny800,000. just notional repayment is cny13,333. with a salary of cny3000, how can you get a loan? |
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mrpango
Low Seater
Joined: Jan 26, 2007
Posts: 3274
Status: Offline
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Jan 11, 2008 - 11:43 AM |
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Who would take a 5 year mortgage here? |
_________________
Well, may as well start a blog http://www.sinocracy.com/ - click at your leisure! |
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kumlong
LoopKicker
Joined: Oct 18, 2007
Posts: 817
Status: Offline
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Jan 11, 2008 - 11:49 AM |
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so what do u think is the average life of a mortgage here? |
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Oomomo
Talker
Joined: Dec 17, 2007
Posts: 105
Status: Offline
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Jan 11, 2008 - 02:35 PM |
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I have a friend who told me that the cost of producing a casting mold in his country is even more than the selling price of the same mold in China. And guess what, the quality of the mold is higher. And you would expect that he decides to just close down his factory and does sourcing in China - more profits and less the hassle of running a factory in his home country with alll the labour problems. |
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JD
Ranter
Joined: May 14, 2003
Posts: 559
Status: Offline
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Jan 11, 2008 - 03:29 PM |
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Would work like this
Price of the apartment 800 000 Rmb
Brides parents savings -300 000 Rmb
Grooms parents savings -150 000 Rmb
Couples own savings -50 000 Rmb
To be financed with mortgage 300 000 Rmb
Tenure 25 years.
Monthly repayment including interest would be less than 1800 Rmb (with current interest rates)
Though in Shanghai its usually the grooms family who may take the bruden |
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kumlong
LoopKicker
Joined: Oct 18, 2007
Posts: 817
Status: Offline
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Jan 11, 2008 - 03:31 PM |
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Just Be Happy
Newbie
Joined: Jan 13, 2008
Posts: 1
Location: Shanghai
Status: Offline
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Jan 14, 2008 - 12:04 AM |
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I honestly cannot imagine how anyone could be miserable making $60,000 us dollar/year + $1000/house perks/month in Shanghai. For some of us, thats an insane amount of money.If you are miserable, making more money is not going to help.
TROLL>>>>>>>>>>>> |
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leidelaohu
Wonder Wit
Joined: June 11, 2007
Posts: 3781
Status: Offline
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Jan 14, 2008 - 12:11 AM |
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| Oomomo wrote: |
| I have a friend who told me that the cost of producing a casting mold in his country is even more than the selling price of the same mold in China. And guess what, the quality of the mold is higher. And you would expect that he decides to just close down his factory and does sourcing in China - more profits and less the hassle of running a factory in his home country with alll the labour problems. |
Uh, yeah. Where is your friend from - Taiwan ? Because I've got several friends in the US running molding operations. They have some interesting tales to tell about Chinese molds. I myself worked in a mold shop near here for two years. I also have some interesting tales. If your friend is serious, make sure he doesn't give you any presents. You're liable to get a sow's ear. |
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monalisalee
Rocker
Joined: May 10, 2005
Posts: 643
Location: Shanghai
Status: Offline
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Jan 14, 2008 - 12:37 AM |
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Totally agree with "just be happy." Big money. My wife and I live on about RMB 4000/month, and very happy. We do own our house,(apartment). |
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johnboy88 |
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Gazza
Raver
Joined: Jan 10, 2008
Posts: 398
Location: The Tokyo Slums
Status: Offline
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Jan 14, 2008 - 01:43 AM |
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LOL! I've lived in expensive cities like Tokyo, Osaka, Paris and London... and I know that USD$60,000 will give you a good lifestyle anywhere. |
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underh20
Shanghai Royalty
Joined: Sep 27, 2006
Posts: 9907
Location: EOA Seminar
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Jan 14, 2008 - 08:36 AM |
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| Gazza wrote: |
| LOL! I've lived in expensive cities like Tokyo, Osaka, Paris and London... and I know that USD$60,000 will give you a good lifestyle anywhere. |
If you think you will have a good lifestyle in NYC or Tokyo on $60k, you have either low expectations or a warped sense of the adjective good.
$60k in NYC means you eat at shelters. Maybe that's good for you. |
_________________
بارك الله ، بارك الله |
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jtburns2323
Squeeker
Joined: Feb 01, 2006
Posts: 16
Status: Offline
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Jan 14, 2008 - 09:18 AM |
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It is ridiculous to assert that $60,000/Year is not enough to live in NYC. Even some of the most prestigious entry level jobs pay near that amount. For example, in 2003, when I was an investment banking analyst at a large investment bank in NYC, I was paid $1,060/week. Of course, at the end of the year you receive a bonus, however, depending on the bank's performance, this bonus can be as little as $10,000.
The vast majority of people in entry level jobs, even graduates from the most prestigious colleges, make closer to $40,000/year. Underwater, I call bullfeces.
You might not be able to go to the best clubs in NYC every weekend, but 60,000/ year is plenty in NYC or Shanghai. Underwater, Maybe you are trying to inflate your own importance by pretending that 60,000/year is a paltry sum, but I don't think the OP was interested in whether you think 60,000/year is a lot of money. |
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CaptainCook
Rocker
Joined: Mar 20, 2007
Posts: 684
Status: Offline
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Jan 14, 2008 - 09:55 AM |
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Back to the OP's question.... if you have to ask, then YES, $60k will give you a miserable life in Shanghai.... and everywhere else in the world! If you read some of the comments on this website, you will find that it is more about your attitude than your money that will differentiate you from daily struggles and daily fulfillment. |
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8lrr8
StreetBeater
Joined: Oct 14, 2004
Posts: 2344
Location: here!
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Jan 14, 2008 - 01:06 PM |
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| underh20 wrote: |
| No wonder you're here in China teaching English. |
he's actually here teaching mandarin to expats. but whatever.
underh20 is spot on. there's no way on this planet u can live well w/ 60k USD in places like tokyo. some stuff there is simply insane. like strawberries (or some damn fruit) are sold by the unit!
that means 10 strawberries will cost u 10 USD. good luck w/ your 60k.
maybe my friend got the tourist price, i dunno? |
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Oilman
Reacher
Joined: Nov 22, 2005
Posts: 296
Location: Xu Jia Hui
Status: Offline
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Jan 15, 2008 - 01:26 AM |
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What I find very interesting is the OP has not made another comment since his original post. You guys have obviously answered his question or this was done to incite some riot. 60K + 12K for housing...I am 32 and wouldn't come here with that salary, but that is me. The problem with this question is everyone has there own opinion of what is good and what isn't. For the posters who say 3K or 10K RMB is enough, more power to you as I can't see how I could possibly do it and feel comfortable even if my healthcare and housing was covered, it just isn't enough to have a safety net. If you should need to leave the country for any reason, you will need at least 800 dollars just to buy a plane ticket. With those salaries you would need to save several months, just to get home. The people who come here should be coming for experience or to develop their career. Coming strictly to live like a king or to save money is not the right mind set in my opinion. If I were you, I would stay at home. |
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Sorry, I somehow sometimes is an illiterate~~~~~~~ |
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chingiskhan
StreetBeater
Joined: Apr 24, 2007
Posts: 2244
Location: Shanghai
Status: Online!
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Jan 15, 2008 - 02:02 PM |
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| Gazza wrote: |
| The vast majority of Japanese to not live 2 hours from their work, food can be bought cheap there, and yes... coke does come in sizes bigger than 50mls. |
Ml for ml, 50ml Coke is more expensive that any other (larger) pack format. I don't think it's availability is because people can't afford the larger sizes, it's for light users who don't want a huge can or bottle, the same reason I buy 200ml cartons of milk every day rather than buy one big litre carton which would be cheaper but not as fresh. |
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yinlin
Rocker
Joined: Feb 26, 2007
Posts: 643
Status: Offline
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Jan 15, 2008 - 04:27 PM |
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You've obviously never lived in Japan before, so why make assumptions about the place that makes you look like an ignorant fool.
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Shhhh... underwear is an US mafia  |
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leidelaohu
Wonder Wit
Joined: June 11, 2007
Posts: 3781
Status: Offline
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Jan 15, 2008 - 07:04 PM |
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| Moderator wrote: |
| [epitaph removed- learn to pck a fight without using racial and sexual epitaphs please] called me twit |
Hi Mod ... I'm sure some people would like to see underwear's epitaph but I hope the word you were looking for was epithet  |
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yinlin
Rocker
Joined: Feb 26, 2007
Posts: 643
Status: Offline
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Jan 15, 2008 - 10:35 PM |
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Gazza
Raver
Joined: Jan 10, 2008
Posts: 398
Location: The Tokyo Slums
Status: Offline
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Jan 28, 2008 - 09:19 PM |
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Gazza
Raver
Joined: Jan 10, 2008
Posts: 398
Location: The Tokyo Slums
Status: Offline
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Jan 28, 2008 - 10:25 PM |
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Notice how my answers are extremely detailed and yours are simple answers easily googled. LOL! THIS IS SO MUCH FUN! |
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underh20
Shanghai Royalty
Joined: Sep 27, 2006
Posts: 9907
Location: EOA Seminar
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Jan 28, 2008 - 10:26 PM |
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^ Gazzoo the Fraud!
Easy to prove who is the fraud. Just risk a little cash. 
Of course you won't be able to weasle out of it then so we can understand your hesitation. |
_________________
بارك الله ، بارك الله |
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Gazza
Raver
Joined: Jan 10, 2008
Posts: 398
Location: The Tokyo Slums
Status: Offline
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Jan 28, 2008 - 10:29 PM |
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Stop trying to stall and just play! We both know that neither of us are going to pay a cent no matter who wins. The cash will do nothing for me... however your squirming is priceless! I love it! |
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underh20
Shanghai Royalty
Joined: Sep 27, 2006
Posts: 9907
Location: EOA Seminar
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Jan 28, 2008 - 10:33 PM |
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Nice try Gazoo the Fraudster.
Put up the cash. You've already seen how it works. Give the cash to the most trustworthy person on the forum, Yu. He decides who wins or loses. Still $hitting yourself sick about how you'll eat after losing your life's savings?
Now tell us again how the Sheraton is on the wharf and nobody lives in Minatu-ku?
I was wrong, even as a liar you're fuked up. |
_________________
بارك الله ، بارك الله |
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angelgirl
Reacher
Joined: Aug 22, 2007
Posts: 289
Status: Offline
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Jan 28, 2008 - 11:55 PM |
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Get over yourselves people - are you saying that US$5K a month is not enough for a single guy to have a decent life here?? |
_________________
Je vole vraiment |
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