gouchobob said:
If this is such a red hot investment why did you sell it?
Last June I sold my apartment in Recoleta and bought the PH in Belgrano. It was a time when sales were very, very slow, but I wanted to get out of Recoleta and out from under ever increasing consorcio expenses (from $450 to $850 per month in less than three years).
Shortly after Pericles posted my Recoleta apartment on the ReMax website (and before he showed it to more than a half dozen clients), another ReMax agent brought the buyer to the table...but it was obviously Pericles who closed the sale. I was siting at the table as Pericles did the talking...just like a week ago when he closed the sale of the PH.
My prime motive for buying the PH in Belgrano was having a place to live without consorcio expenses and it was priced "low for the meters" for a quick sale (the owner was dying). I bought it the day after seeing it for the first time. All I did was paint it, replace the toilet seats and termotanque, add an a/c in the living room and a marble fireplace in the galleria (all bought on mercadolibre except the toilet seats).
The PH in Belgrano was the
ideal apartment for me to live in the city and I really love it, but I no longer want to live in the city. I prefer to live in a house with land, trees, a swimming pool, and no neighbors. I found even more than I was looking for near Punta Alta. I posted photos in page 4 of this thread:
Where is home to an expat?
The best aspect of all of this is that the purchase price of the 5 bedroom house (with almost 6000 M2 of land) is 66% of the sale price of the Belgrano PH.
I am not buying it as an investment, however, but rather a place
to live (if not survive).
I'm not buying gold as investment, either...just guns and seeds.
