Best city and foreign country to buy properties

Vietnam has an average IQ 94, US is 98. Not too bad. When their economy takes off, IQ will jump as well

https://iq-research.info/en/page/average-iq-by-country#

Seriously? Nah. They are Chinese too. They used the Chinese language until not too long ago.

Vietnam has around 100m people I think. It’s pretty big actually. Not China scale but not small either.

Ok so I remembered it wrong… the difference is actually only 10 points as opposed to 20 points according to @BAGB:rofl:

I am from Hong Kong the number 1 on the IQ list. Take it from me. Vietnam is good. :smile:

Hey, hey, hey, some Vietnamese women are pretty hot… (sorry, it is shallow Friday for dragonboy…)

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Is Jil from Vietnam? I’m curious why he has not bought in Ho Chi Mingh city

No discrimination based on national origin!

Even when you say Vietmese women are good, you are disparaging other countries

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I think they must have taken a biased sample of Hong Kongers when they measured their IQ… :rofl:

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Jil is not from Vietnam
Foreign ownership is restricted and taxed

http://www.luxuryproperty.sg/vietnam-foreign-property-ownership-guide/

Restriction is just 30% foreign ownership per condo building. 50 year leasehold is even shorter than China’s 70 year.

Tax seems not too much different than locals

10% tax on sale… Seems unfertile ground for speculation…

I think most Americans would partner with a local to find deals and get around those laws. But then your partner has very high motivation to screw you. Frankly i’d rather invest in Vietnamese stock market than its housing market. We don’t know jack.

Vietnamese CEOs also might have very high motivation to swindle shareholders, especially if they’re foreign.

How about buying 10 acres of land in Havana? Or 100 acres in Mexico?

Cuba can become more expensive than Mexico.

How about 1000 acres in Syria?

Not Syria, Dubai instead

Not Dubai, Beverly Hills instead

I like Shenzhen. Where can I get mortgage @wuqijun? China’s housing market is just entering correction which could last 3 years or more.

Shenzhen is NYC and SV rolled into one in China. The most dynamic city in all of China.

How deep will Shenzhen housing correct? How is its price comparing with Tokyo or Seoul?

China could have a huge housing bubble burst though

China is not a place to invest for a china hater like you…