the $28 million pce tag was a bargain for the house in the city.ginal price tag was $70 million back in 2008. six bedrooms, seven full bathrooms and 2,500 foot. so far no word on who bought it. >> crazy. >> thanks for being with us. [ terri ] my husband, hank, was always fun. never took life too seriously. 'til our son was born... that day, he bought life insurance. now, there's no way i could send our boy to college without it. if there was one thing i could say to hank,

environment in which there was huge demand to go to beijing or shanghai and know this huge building is taking pce. if you had capital it was reasonable easy to make a lot of money? >> if you were to buy office today in ijing or shanghai you'd be making seven to eight percent rental return. i think that's a fair return coared tmanhattan. you'd be making maybe four percent return but the ierest rate environment isifferent in china wi higher interest rate. that's if you were just to buy buildings today as investment. but of course they are as a developer we bld buildings from ground so the profit is higher than that. >> one charge out of china is this is frequtly a point made by both people who do biness in china and people who -- in the government is that the government favors state-owned enterprises. >> no doubt. >> charlie: the consequences of that are? >> i think this is the thing. if you look at china wt drove china to where it is the cost of china's ascent is pretty much the open doors, the reforms, the embracing of the market economy but at some point and mostly recently that we seem to be go