Well John,
Buying is all about timing,but you also need buyers to buy and sell to am I right?Well if you cannot get here easily in the 1st place how will do you think that will affect the property prices and with the overseas property crunch in place right now and looks unfortunately likely to carry on for a while at least from 2 of the richest countries in the world it would be foolish to say everything is going to go through the roof .Now people did make millions in Spain(the investors who invested yrs ago)it is also 2 hrs away and 40,00 pounds to get to now Spain are going through a property slump and now is the time to buy in Spain,just as within the next 2 yrs will be the time to buy in the UK,why would you buy in Brasil when the prices are at there most overinflated??
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Originally Posted by JMBroad
So you think that people are qualified as the "richest person in the world" because they have the most 20 pound notes under their matresses? Or because the joint value of what they own is more than anyone else?
It's called assets. If you have an asset and the value of that asset drops, you have lost money. You just claimed that you were delighted that the value of your asset in Brazil had dropped. Hence, you go against the flow of 99% of the rest of the world who would prefer to make money rather than lose it. It seems to happen a lot with you though, like the bridge over the river Potengi.
Everyone else in Natal says it was worth building, you say it wasn't.
I applaud you for your uniqueness. Oh and you would do well to stop quoting Spain as an example of a bad investment considering the fact that millions made millions there. Investing in a property market is also about timing, the same way investing in stocks is about timing. You don't buy right at the top or when prices are going down, you buy when you believe they will go up.
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