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Forums > Living in Kunming > Buying Property In Kunming

@tonyaod
"There are some small consequences to consider when you put a lower sales amount. If the hold the property for 5 years or more before you sell, then it doesn't matter too much, however..."
All you need to do is sell and provide a lower sales amount on the documents.

It is not unusual here for the seller to want an net figure from the sale. As such the buyer often picks up the tax. Another reason for giving a smaller figure on the docs.
Although this is tax evasion, it is normal practice here in Kunming.

@laotou
"1. Individual purchases - Individuals may purchase multiple properties in different cities or areas. As most police databases are not linked - this is a legal blindspot - buyer beware"

As far as I am aware there has been a national land/property register in China for several years. That is why I cannot buy more property.

There is also a new regulation in Kunming, it may be rolling out from BJ, a household cannot purchase a third property any more (even for cash).
In addition, a person cannot get a mortgage in Kunming unless they have paid tax in Kunming for one year. These will cause problems for those who relocate from another city.
Firstly, from what I am told (and if I am wrong, please tell me) if you have 3 properties you will have to sell two in order to buy your new (2nd) property in Kunming.
Secondly, if you have a mortgage in another city, and you sell up, you will still need a new mortgage in Kunming, after you have paid your tax for a year.

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Comments

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The economics of junking bikes is a short to medium term gamble..If you are early to the market and can kill competition (like Bluegogo died), you can dominate a market. If you can create a near monopoly and increase the total revenue to more than make up for the initial loss of assets.

The gamble works best when only one player adopts this strategy. Flies in the ointment include:

1. Regulations and fines for dumping.
2. Late entrants taking advantage of your attempts to clear the field, at no cost to themselves. This also negates the advantage you gained at a cost.
3. Late entrants in a strong financial position, when your cash has been depleted.
4. You run out of cash yourself (as happened to Bluegogo).
5. Public perceptions. If your bikes are seen a a pile of junk, they will get treated as such. Personally, I would be much more likely to carelessly discard an Ofo than I would a Mobike. For some users the perception of how cool a bike is, many lead some people away from services that are seen as less cool.

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"...If they are able to exchange privacy for convenience or efficiency, they are willing to do so in many cases..."

In my world I did this a long time ago. I realized that I was doing this to some degree when I signed up for my first email account and online shopping. Over the years I have seen my privacy eroded as convenience and efficiency increased. Admittedly I was a little surprised by how far this has gone, and how the data has been used (post Cambridge Analytica revelations), but I knew that I had crossed the Rubicon a long time ago.
Since moving here, I also accept, grudgingly, that I am being surveilled, but to go off grid would inconvenient and inefficient.

As distasteful as the situation given by Robin Li is, I think that he is not that far wrong, in his assessment; note that he does not say it is right, just a fact. As for the the online reaction? nobody likes to be reminded of bad news.

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There probably simple work around, BUT the numbers of people who have been disciplined so far (well over 100 000) and the range of sanctions being handed out means it is not worth the risk.

Some of the stories of government officials having to go out into the villages to sweep the streets suggest that a very tight rein is being used in certain quarters.

Reviews

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A reasonable choice of lumber that has improved over time. Fancy hardwoods like walnut, and mahogany are in abundance. There are some plywood and rubber-wood boards available. There are also some kiln dried imported softwoods and merbao available. Some of the lumber is very green, so look for the kiln dried if you need stable timbers.

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Echo everything said by others.
Breakfast great and the serve from 8am. Most other places say 9am and they still are not ready.
Sandwiches are cheap 22-32, and really packed full of filling. We got some sandwiches for a day out, the only mistake I made was ordering two, as this was too much. These are seriously good sangars, and they are wrapped in alu foil.

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In fairness to Metro, they are a wholesalers, and not really a supermarket. Hence the need for a card, which can be got around.

They have improved in the year I have been away. They now carry a more consistent range of imported foodstuffs and they also seem to have sorted out the mported milk supply.

They have a wider range of electrical appliances now, there is a coice of more than one toast. There is also a better range of seasonal non foods, like clothes, shoes, garden furniture and camping gear.