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Originally Posted by Bjorn_Tasty1
You always must step out before it collapses or growing less than it has done. I know people who didn't want to invest 10 years ago, cause it was rising very hard at that time also. Now they regret that they didn't invest. Also you can look at locations that are still developping and where prices are reasonable. More Brazilian people have money for holidays and go to the coast, and there are still opportunities. In Rio it is still crazy, prices of houses can double in 1 year or 6 months. But will it collapse, or will it be like in London where foreign people keep buying property? (in Holland/Amsterdam it collapsed).
I think in Brazil it will go on for some more years. More people are getting in the middle class (40 million people went from poor to middle class standars) and want to get of the poor neighbourhoods. And Brazil is lucky; they have gas, oil, agriculture, minerals and long beaches.
Investing is always a risk, look for shorter term investments (2 - 7 years). You also don't want a "Chavez" getting in control here, that could happen also. But puttingyou money on a European bank is also getting more risky. And buying property in most parts of Europe is stupid now.
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Yep itīs all about the exit strategy. In Southern Spain for a while , you could put down a $5k deposit on a house that wasn't built yet, so you didn't need to pay the rest for about 18 months. By the time you had to pay the rest of the money, the value of the house had nearly doubled. You flipped the house before you had to pay for it and banked the profit... however when the market died overnight, people got fucked.. now in a way good because it was them pushing house prices up, but still some people got fucked hard. forced to buy a house at twice itīs current value, with no hope of selling it. You were lucky if the developer building it went bust that way they only kept your deposit.
Quote:
Originally Posted by k0nr4d
Makes you wonder if they did that shit on purpose...there are gonna be people moving money out of any country in the EU that's being hit hard by recession to safer shores, which will only deepen the issue.
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Not the UK.