Ralph, You are going to "scare the shxx" out of a lot of people on here that have already made down payments! My guess is that these downpayments, if paid offshore are in effect the Agents commissions. But I know what you are saying, Brazil seems no different to the way Spain and Portugal was 25 years ago in terms of paperwork and currency control. Every time I go to Brazil I see attitudes, behaviour and culture that I saw 30 years ago in Spain/Portugal. Even today Portugal hasn't changed so much..Spain is very progressive. But, they changed and liberalised (mainly due to EC Membership) and although Brazil moves slowly they will also have to change to meet the economic growth they are looking for. It is just not practical for their economy to grow and receive external investment unless they free up their Banking system. Sooner or later they will have to decide if they really want to become a major economy and if they decide yes, then the banking and burocracy has to be changed..otherwise foreign investment will just walk away and invest elsewhere where it is easier. You can see this very situation with the flight access which is controlled and limited as a cartel...these are old fashioned ways and eventually it will have to change in all aspects.
|