李莎 and 肖霄, 调查称北京海淀90平米两居室等价于哈佛旁别墅. 法制晚报, Apr. 8, 2010.
http://estate.chinanews.com.cn/estate/news/2010/04-08/2214508.shtml
(2) I live in Boston for two decades. To hear that "记者调查发现，200万元顶
多只能在北京四环买到一套小两居，却能在美国波士顿、法国普罗旺斯等地，买下一幢
豪华美宅！" (paragraph 2 of the above report), it is simply ridiculous.
(a) Forbes just released a report, indicating China has the second highest
numbers of millionaires (in US dollars) of the world, after US.
However, wealth distribution of China is just as uneven as that of US. China
annually (in reply to America's human rights report) rails at US for gulf
between the rich and the poor. But Gini coefficient of China and US is in
the same league. Check Wikipedia.
Researchers in China and abroad are hard pressed to find in China middle
class, which in contrast constitutes the backbone of US, Japan and Taiwan,
to name a few.
(b) How can 2 million renminbi (about $300,000) buy a 豪华美宅 in greater
Boston area?
Massachusetts is one of the richest state and greater Boston area, one of
the richest area in US. Just as China, flooded with stimulus money, will,
one way or another, have judgment day of inflation, so the real estate
properties in Boston area can not be cheap.
(i) Massachusetts ranks fifth in "disposable persoanl income per capita" in
2008 (DC> CONN > NJ > WYO > MASS). Census Bureau.
(ii) There is a table titled "Income in the United States" in
Personal income in the United States
http://en.wikipedia.org/wiki/Personal_income_in_the_United_States
Which identifies "Income by: State; County (highest | lowest); Metropolitan
area" among other criteria.
* Click "State" and you will find a list of "States ranked by median
household income" where Massachusetts is No. 6.
** Boston (which is coextensive with Suffolk County) is not within top 25
counties, but No. 5 in "Metropolitan areas."
(3) Elizabeth Gehrman, Top spots to live: While the economic storm soaked
real estate values in many Massachusetts communities, these 12 proved
surprisingly resilient. That makes for some pretty happy homeowners. Boston
Globe, Mar. 14, 2010.
http://www.boston.com/realestate/news/articles/2010/03/14/top_spots_to_live/
Web page 2 stated,
"3. Cambridge Median single-family home price in 2009: $680,000
Change since market peak in 2005: +2%
Median condo price in 2009: $408,000
Change since market peak in 2005: -3%"
And we are in Great Recession!
(4) Massachusetts is transparent. Registry of Deeds in each county is online
. For example, here is home page of southern district of Middlesex County,
Massachusetts, which includes City of Cambridge.
http://www.sec.state.ma.us/rod/rodmidsth/midsthidx.htm
You may search the past housing transaction of Professor Henry Louis Gates
of Harvard University, who got arrested in an altercation with police and
who used to live at "17 Ware Street" (he later received death threats and
Cambridge police advised him to move).
李莎 and 肖霄, 调查称北京海淀90平米两居室等价于哈佛旁别墅. 法制晚报, Apr. 8, 2010.
http://estate.chinanews.com.cn/estate/news/2010/04-08/2214508.shtml
(2) I live in Boston for two decades. To hear that "记者调查发现，200万元顶
多只能在北京四环买到一套小两居，却能在美国波士顿、法国普罗旺斯等地，买下一幢
豪华美宅！" (paragraph 2 of the above report), it is simply ridiculous.
(a) Forbes just released a report, indicating China has the second highest
numbers of millionaires (in US dollars) of the world, after US.
However, wealth distribution of China is just as uneven as that of US. China
annually (in reply to America's human rights report) rails at US for gulf
between the rich and the poor. But Gini coefficient of China and US is in
the same league. Check Wikipedia.
Researchers in China and abroad are hard pressed to find in China middle
class, which in contrast constitutes the backbone of US, Japan and Taiwan,
to name a few.
(b) How can 2 million renminbi (about $300,000) buy a 豪华美宅 in greater
Boston area?
Massachusetts is one of the richest state and greater Boston area, one of
the richest area in US. Just as China, flooded with stimulus money, will,
one way or another, have judgment day of inflation, so the real estate
properties in Boston area can not be cheap.
(i) Massachusetts ranks fifth in "disposable persoanl income per capita" in
2008 (DC> CONN > NJ > WYO > MASS). Census Bureau.
(ii) There is a table titled "Income in the United States" in
Personal income in the United States
http://en.wikipedia.org/wiki/Personal_income_in_the_United_States
Which identifies "Income by: State; County (highest | lowest); Metropolitan
area" among other criteria.
* Click "State" and you will find a list of "States ranked by median
household income" where Massachusetts is No. 6.
** Boston (which is coextensive with Suffolk County) is not within top 25
counties, but No. 5 in "Metropolitan areas."
(3) Elizabeth Gehrman, Top spots to live: While the economic storm soaked
real estate values in many Massachusetts communities, these 12 proved
surprisingly resilient. That makes for some pretty happy homeowners. Boston
Globe, Mar. 14, 2010.
http://www.boston.com/realestate/news/articles/2010/03/14/top_spots_to_live/
Web page 2 stated,
"3. Cambridge Median single-family home price in 2009: $680,000
Change since market peak in 2005: +2%
Median condo price in 2009: $408,000
Change since market peak in 2005: -3%"
And we are in Great Recession!
(4) Massachusetts is transparent. Registry of Deeds in each county is online
. For example, here is home page of southern district of Middlesex County,
Massachusetts, which includes City of Cambridge.
http://www.sec.state.ma.us/rod/rodmidsth/midsthidx.htm
You may search the past housing transaction of Professor Henry Louis Gates
of Harvard University, who got arrested in an altercation with police and
who used to live at "17 Ware Street" (he later received death threats and
Cambridge police advised him to move).