Argentine Real Estate market to go down 50%

[soulskier]

So do you agree with that, Soulskier? I just read Rich Dad, Poor Dad (a pretty good review of the basics, if anyone is interested), and he makes the assertion that personal property (ie, not owned for rental income/flipping) is always a liability, because it will be negative cash flow, in terms of taxes, mortgage payments, maintenance, etc.

P.S. Still hoping to make it to Bariloche for the season!

Yes, I agree that property not having a positive cash flow is a liability.

We got lucky and purchased an asset in Bariloche. It has 3 structures, 1 of which we live in and the other 2 are rentals, providing a nice yearly income. Since the rental income is greater than the cost of the money to buy the property, it is an asset.

 

[bigbadwolf]

Bit OTT

The exchange rate dropped because of the discrepancy between interest rates in the UK and the eurozone, coupled with the long term forecasts for the UK. The UK has since changed its interest rates, and the result has been that that GBP has buoyed against the euro, and will likely continue to climb.

You are correct with regard to short-term movements (e.g. the last week). But in the long term, look at things like the current account deficit.

 

[Stanexpat]

This isn't conclusive but it is food for thought.

http://optionarmageddon.ml-implode.com/2009/01/12/new-york-rent-falling-like-a-rock/?ref=patrick.net