An American in China
By ???
@248219547 (7)
China
August 28, 2013 7:36am CST
An American in China
Carrying $100000
Conversion of 680000RMB
Spend 500000RMB to buy a house
180000RMB to enjoy oneself with feasting and other kinds of entertainment
A year later
Americans back home
sell the house made 1000000RMB
Conversion of $20000
so
An American in China
enjoy oneself with feasting and other kinds of entertainment in a year
actually Made a profit of 100000 dollars
7 people like this
3 responses
@owlwings (43915)
• Cambridge, England
28 Aug 13
A good deal, it seems. The price of property is always rising (on the whole), so if one is going to be in one location for long, it is usually better to buy than to rent property. I have to say that property prices don't usually rise as fast as this and there are generally legal fees to be taken into account.
Hitting lucky with conversion rates is not always so easy!
