In recent times, Observer guest Chen Ping has repeatedly posted controversial opinions on public occasions, leading to constant controversy about him online.
Recently, he even posted a photo in front of his Home to “sell his misery”, expressing that Texas is really in deep water, while not forgetting to point out the rivers and mountains, giving advice to China’s Development and Reform Commission and local governments, emphasizing that according to his theory: backwardness is more viable than advancedness. Chinese people should be able to go up or down, resistant to poverty and able to be rich ….
Related Weibo
Don’t underestimate the power of this photo, which not only sparked a heated controversy among netizens, but also allowed us to follow the trail to find out all the information about the suite, including the address, the price of the property, all the transaction records in its history, how much property tax it has to pay every year, and so on. The suite has an interior area of 2,725 square feet (253 square meters) and a lot of 7,841 square feet (728 square meters), with 4 bedrooms and 2.5 bathrooms. The public school district of primary, junior high and high school are 8, 8 and 7 respectively (out of 10).
Controversial remarks 1: 2000 RMB > 3000 USD argument:
Controversial remarks 2: The theory of peace and Family
Controversial statement 3: The theory that if the water is too clear, there are no fish
Basic information on real estate
I checked the property owner online through the property platform Redfin’s image comparison and the owner information platform Blockshopper, and confirmed that this suite is owned by Chen Ping (and his family) without error.
The owner’s result after searching the address on Blockshopper
For the record, we are not making personal attacks or infringing on other people’s privacy in this article, so we have covered up all the information related to the property address. We’re just looking at a single family house in Austin, Texas as a way to see and appreciate the local real estate market. We will also use this case to remind ourselves that we should be consistent in what we do and know what we are doing.
This home is located in the upscale community of Cedar Park near Austin, Texas, with good security, high average income, good industrial structure, and a beautiful environment, surrounded by parks, schools, and rivers. It is indeed a great place to live and retire.
3D satellite view of the property’s location
The neighborhood where the property is located
Let’s take a look at the interior of the house. The square footage of the property in the United States is stated as the usable area of the suite, not the floor area, and these areas do not include the garage and balcony, so the 2,725 square feet (253 square meters) of this suite is very valuable, as you will understand after seeing some interior photos below.
Entrance
The hallway after entering
Living room
Open kitchen
Another angle of the living room
Dining room
Master bedroom
This is the master bathroom This bathroom is larger than the living room in many people’s homes The extravagant master bathroom is a more common condition in American housing reflecting the local living and living preferences
Study room
Laundry room
A second bedroom
A beautiful backyard
The new question is, how much does it cost to own such a nice house in the best area of the best city in Texas? According to publicly available information, Chen Ping bought the suite in August 2017. The purchase price was $394,000, and as U.S. home prices have continued to rise over the years, the value of the suite has now risen to nearly $500,000.
The suite was last traded when the original owner listed it for $410,000 and later lowered the price to $399,900, and finally sold it for $394,000 according to Blockshopper’s publicly available information, the buyer was Chen Ping and his family
The location shown in the dollar sign above is the point at which Chen Ping bought the property and prices have been rising slowly and steadily ever since.
But even at the current market value of close to $500,000, this detached home translates to roughly 3.25 million RMB, with Texas being the second largest state in the US economy and Austin being the highest priced city in Texas. Imagine how much it would cost to buy a detached house (villa) in Suzhou or Nanjing, the equivalent of Jiangsu (the second largest economic province in China). You can clearly see that Texas real estate is really cost-effective, and Chen Ping, the big man, has a pretty good eye on buying a house.
The most expensive part of this house is the holding process, it needs to pay more than $10,000 per year in property tax, and there is also a monthly HOA (property fee) of $95, so from our Chinese perspective, this house, although not expensive, still needs money to be raised. The cost of holding a house is higher throughout Texas, so Texas house prices are lower compared to other economically developed areas in the US (such as California, Washington State, New York State), which also shows that property taxes have a clear effect on curbing house prices.
This suite’s annual property tax for 2017-2020, Chen Ping paid $10,197 in property taxes for Texas in 2020.
All of the above is from public information on the U.S. real estate platform Redfin, which is available to all via the Internet for free for any suite in the United States. Prof. Ping Chen makes a photo public on the Internet, so we can follow the trail to find out so much information about the house. Everyone must keep an eye out if they buy a house or own a property in the U.S. and not release a photo of even one corner of the exterior of the house.
Of course, everyone has the right to allocate their wealth, and it is a person’s freedom to buy a house wherever they want as long as their income is legally earned. But you can’t say that a place is going to be finished and at the same Time enjoy your Life freely in that place. You shouldn’t be so fake: don’t pretend to be more patriotic than Qu Yuan over here, and then pay taxes to Americans across the ocean.
In addition to these thoughts, I also thank the open and transparent information system of the U.S. real estate, which makes all the “two-faced people” who say one thing but do another have nowhere to hide.
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