Jorga, a Luxury Floating Home

towboat appearance is not much different from the appearance of another ship is in dock. However, the interior was already transformed into a luxury floating home. The best part of staying at this place is that I do not have to mow the lawn again. - Phil Wallis Phil Wallis, 58-year-old man, left his home in Crouch End, North London, to stay in the boat once belonged to the U.S. Navy. The ship is now docked on the River Medway in Kent.Investment Homes Phil left the house with five rooms for a large enough vessel named Jorga. Jorga have a bath tub, amazing views, spiral staircase, kitchen, master bedroom, a place to relax, as well as a conservatory. "The best part of staying at this place is that I do not have to mow the lawn again," he said. Phil admitted, he had lived in North London in a house with five rooms Edwardian style. Although comfortable to live in, Phil admitted still miss London. "" Life here is fun, you can get fresh air every day and I can fish for dinner. The sunset view (here) is very spectacular. Indeed, when it will be choppy and windy. This ship continues to move in the storm, but I have never suffered from seasickness, "said Phil. Phil has lived on a boat in Port Werburg, Kent, for five years. During that time, he has spent money amounting to Rp 1.5 billion for Jorga. Then, he reached into her pocket to $ 619.4 million to renovate it. Until finally, Phil discovered Jorga, ships 32.6 mx 7.9 m size is on the internet. "The interior has been furnish. I tear down a wall to make more room and rebuild everything. Interior of the most expensive at Rp 7.7 million," he said. Each month, Wallis claimed "only" have to pay Rp 6.1 million for a boat and other daily needs can be met with diesel power. The diesel fuel to get it from a special fuel delivery. According to him, at first boat requires major restoration just so that the vessel could be comfortably livable. At least, Phil takes 80 liters of gray paint and 60 liters of green paint just to refresh the look of the wall. After undergoing renovation and improvements here and there, now "home" is valued up to USD 5.6 billion. However, he does not plan to sell it in the near future. Families and relatives of Phil seems fascinated with the size of his boat. "When I told the family members that I would live on the boat, they would think I would live on a narrow boat. They were pretty impressed when it comes to this place and realize this is a big towboat owned by the U.S. Navy," said Phil

IMF: Caution, Hongkong Property Price sudden sales drop!

The International Monetary Fund (IMF), Wednesday (12/12/2012), warned that Hong Kong may experience a sudden drop in property prices. The warning was given after years of a dramatic increase in one of the most expensive housing markets in the world. House prices in Asia's financial hub has soared 90% since 2009. This happens due to the influx of wealthy buyers from mainland China which encourages home ownership beyond the reach of many of the 7 million citizens.Chicago REO properties The IMF warned that the sharp rise in house prices which rapidly increases the risk of a sudden correction. In the annual review of Hong Kong's economy, a sharp price correction would result in the value of the collateral falls and have a negative impact on wealth, which can lead to adverse feedback between economic activity, bank lending and the property market. IMF rate, the property sector is a major source of risk in the domestic economy. However, the possibility of a price correction large enough to cause a macroeconomic and financial consequences in the short term is quite low. Hong Kong government itself announced a stamp duty of 15% on the buyer's non-permanent residents and companies as well as higher stamp duty on resale property in three years by the end of October. This was done in an effort to control price hikes, as the global economic downturn continues to affect the domestic economy. The IMF said it expected Hong Kong's economy grows 1.25% this year, before rebounding to 3% in 2013. The leader of Hong Kong, Leung Chun-ying, warned last week that the city requires an increase in housing supply and create more living space or risk losing talent "best" and "brilliant".