Why the hell is it good news to have prices for property depressed, is it that you either can,t afford to buy anywhere in a competitive market, or are you just one of those people who hate to see anyone doing something that you either can,t afford to do or are too frightened to do, I am sick of hearing negatives from you and Dotty about the northeast of Brazil, if it is so bad why are you constantly on this forum, you should be able to find other threads to spread your doom and gloom, surely there must be a thread for China, or Russia, where nobody want,s to buy, and then at least someone will agree with you.
You are right my friend, can't afford it, or at least my second one in Brazil! Let me answer in great detail as to whymyself and Dottly keep highlinghting the "reality" rather than the "spin" from those who prefer to claim facts or perceptions which are not real.
Only 2 days ago I received a call from a UK property agent trying to sell me a property in a development near Maracajau and he told me to "buy quick as prices are rising fast and will increase 30% at the end of the month". Of course, this is complete nonsese as per many of the statements Agents have tried to make over the last few years.
Clearly, there are many here that would prefer that myself or Dotty were not here then it would be more difficult for some to peddle "hype" to try and prolong a false boom in sales and prices. The offplan or overseas investment premise only works if people believe the concept of "buy now whilst stock last". Once the investor realises that he is better to wait..the concept collapses.
As for dropping or lower prices, that entirely in the interest of buyer, but of course not sellers. Is this reflected in your post. Artificially inflated prices are no good to anyone in the end, otherwise you end up with a "sub prime" type crisis based on cheap loans or speculation where real economic fundamentals have not been applied. Then markets can collapse hurting all those except the ones that earned commissions and the ones who got in and out early.
Maybe if we are not careful, a "sub prime" property crisis might spread round the world sooner than we hoped!
Does this help explain the basic economic theories to you?
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