I've been thinking quite a lot to make Shanghai one of my bases, if not one of the main ones. I do feel better here most of the time, more so than Hong Kong. It is a great feeling to be connecting with my roots. Then begs the question: Is it worthwhile to get an apartment in Shanghai?
Prices are quite high now and to get a 100 sq. m apartment in my desired location, it would cost somewhere around US$1m. With the 30% down payment requirement and rather high interest rate, this can be a burden to take on. I would very much like to have a place to call home here though, a base where I can explore more of Shanghai.
At the same time, as an investment decision, it makes more sense to buy in the US, before QE ends. When it ends, the USD may gain in value, making an RMB purchase relatively cheaper.
Price in Shanghai is not cheaper than Hong Kong but it has a much lower interest rate, which makes monthly payment thereafter more affordable as well. Plus, I can rent it out on airbnb or anyone that covers the mortgage plus extra free cash flow. I shall think about this more.
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