Date registered: November 13, 2010
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@BFarkas, thanks for trying to shed light; interesting reading...
Kudos to gochengdoo for an interesting article; big kudos to the various posters who have also grown tired of the mindless, negative commentary that shows up on this otherwise cool site. Dick Croon seems a gentleman and professional – could not agree more with the "cellphone/weapon" comment. I witnessed a heated argument between two businessmen; after ten minutes of shouting, one party walked away...twenty minutes later returned with 30 angry dudes - you could tell by looking at them that they were street guys - the ten or so john q law that showed up were even more scared than the patrons and stood by stoically while the other party went to his hotel room to apparently settle the matter (with cash). This took place in a four star hotel lobby bar at 11am on a weekday and those 30 dudes could have cared less.
I wouldn't hold my breath waiting for this to happen. From what I have read in papers and on the internet, the local government's desire is to double the city's developed area over the next few years plus finish at least 9 more subway lines, I can remember what beijing was like 10 year's ago; bicycles everywhere...now you can walk around anywhere in chaoyang and rarely see a bicycle.
unfortunately for him, i think sinro's aggressive posting and namecalling actually prove my point. omg...he's even posting in CAPS! hehe.
Sinro: sorry that you think my comment is sad. The fact is, you have 4 times the people here than in the US but do not see anywhere near the level of violent crimes that one sees in the US. Yes, I have an american passport and have lived in NY, LA and Miami and can tell you that Chengdu does not have anywhere near the amount of road rage type of incidents that these US cities have (not even close)...that is kinda why I started traveling here 10 years ago and why I now live here. Yes, compared to the US, it is rare that you witness a physical confrontation as a means of resolving a traffic dispute. Sure, people cut each other off, honk horns ...but rare to see them exit their vehicles and try to kill each other. In my 10 years here I have definitely noticed an increased level of aggression (sadly). I am only waiting now for the accidental "bump" into someone on chunxi road that will start a fight; then chengdu's transformation into a western city will be complete.
I would agree with you that many Chengdu restaurants are "hit or miss" and lack consistency. However, I would also say that this has always been the dilemma living here (part of the relaxed attitude that embodies the culture). Don't snicker but there is a chain restaurant that features a consistently tasty MDF (South Beauty – located on the 2nd ring road). I have eaten at this place in Beijing and Chengdu (several times) and have never been disappointed in their MDF.
The capitalization rate takes the annual income from that property (the rents to be received) divided by the purchase price of that property (the rationale being that a home purchase should be analyzed as any other alternative investment with a rate of return). If you calculate this metric you may very well find that currently a bank deposit earns more than this. Note that some people will discount the utility of this metric in purchasing a home (usually rationalizing with "quality of life" and other qualitative arguments - which are all fine); just felt it necessary to point out to you that a big disparity in price currently exists between home ownership and home rental.
Given such global economic uncertainty, it is anyone's guess where this is going. If I had to guess i would say that wages (and thus rents and other costs of living) are going to have to rise to close this gap as opposed to home prices falling (IMHO). My friend in beijing told me that flats there are going for as high as sixty-thousand rmb per m2 and he thinks it could go to one-hundred thousand - so much for cooling off the market.
Assuming that you are paying with cash (and this is your only flat), not too difficult (administratively speaking) to purchase. Due to newly-promulgated rules (intended to cool down the RE market) you may have to show some additional paperwork (ie proof of employment in that location for some period) but nothing onerous. It is highly advisable to consider an already existing apartment (second hand). The obvious advantage of second hand (over a new development) is that you can see for yourself the finished product including how the management company operates. In the new development market, most contracts are standard (all companies use the same template more or less). In my second hand purchase, I retained a law firm to review the docs. Given today's prices though, I would caution you as the cap rate is pretty low.
@dragon and @feeb make very good points about phones purchased here being different. It sounds a little extreme but I only purchase cell phones (and computers for that matter) in hong kong. Harbour City in Kowloon (3rd floor) is the place to buy - massive selection of real, unlocked phones that are cheaper than buying here. Note that I learned this the hard way after having been sold fake phones twice here (and yes, once from china mobile).
We ate the lunch buffet and the food was not tasty at all; incredibly bland. Neither I nor my gf could find a single dish that we would describe as tasty (even the cantonese food here is bland). At the end of last year we noticed the food quality slipping and gave it a rest...8 months later and even worse (maybe that hotel rotates their chefs every so often...?).
well, I am about to go against the trend of reviews on this board describing this pizza as superlative (and face the wrath that I am certain will ensue) but sorry, the taste didn't work for me. The taste of this pizza seemed very similar to that of pizza hut or papa john's and that is not a compliment. Those pizzas have two common elements: high fructose corn syrup and sodium nitrite - translated means, artificial sweeteners and preservatives...further translated means artificial taste. Believe me, I wanted very much to like this pizza as the whole thought of a reliable, delivery pizza in chengdu is enticing to say the least but no dice. I will say that the service was very good and offer that perhaps others will feel different in their views of the taste should they try it.