Post Elections, The Blue Dollar, And The Economic Horizon

[GS_Dirtboy]

what a mess

I think this just made my most WTF moment.

 

[scotttswan]

I think this just made my most WTF moment.

reminds me of
http://www.youtube.com/watch?v=skO86M5XV2Q

 

[pauper]

That Maduro guy is making Chavez look rational.

I can't tell the difference anymore between the news from Venezuela and those late night shows featuring Brazilian charismatic preachers.

 

[mc kenna]

The problem with this scenario is that there is an established market price for property. In the neighborhoods of Recoleta and the Palermos apartment selling price ranges from U$2400 to U$3000 / m2 depending on building amenities, view, location within these neighborhoods, property expenses, etc. The very nicest buildings might get a bit more. The sellers who price their property above this (and who are not willing to negotiate to the real price) are not selling. Buyers are not stupid.

Sellers are pretty much full of crap most of the time and ask prices they will never get,
That's where you come in and decide to take the prop or not,wasn't long ago that if you came in with an offer bellow 15 per cent the asking price,agencies wouldn't even take it, today is a crap shoot,seller asking prices like it was 3, 4 years ago and sellers wanting to buy like it is 2002,so somewhere in the middle i think is where deals are done no matter what the market says
If the established price is 2400 per sq mt and it's not selling,guess what, bad news for the seller but you might get an offer in greenbacks for 1900 sq mt,so in the end comes down to how bad the seller wants to sell(in dollars greenbacks) and how much the buyer wants the prop
As for investments today is one of the lowest returns you get annually(you buy in dollars to rent in pesos)
i would take any prop and price it in pesos (taking the dollar at 10 to 1 exchange)being that the pesos gives you more room to negotiate,if you lower a prop in dollars by 10grand( thats 100k pesos) and might not sound like a lot but when you are dropping prices by say 60 80k pesos sounds like a lot more,it's all about getting in the buyers head