| Exciting
Real Estate Opportunities In Rio de Janeiro, Brazil ~ Page Three |
| Ipanema
And Beyond
Ipanema gained
a great deal of notoriety from the song 'The Girl From Ipanema,' by Antonio
Carlos Jobim and Vinicius de Moraes. The song implied that there
were very beautiful women in Ipanema. There certainly is. Ipanema
is a very stylish part of Rio. It's tree-lined streets flow to the
sea like rivers of mosaic.
I found
the same great bargains in Ipanema that I did in other sections of Rio.
1. Fronting
on Ave. Atl?ntica - 350m? - 2 floors, living room 180m? has panoramic ocean
view and full view of Ipanema Beach - 4 bedrooms - swimming pool, sauna,
gym, garage, luxurious modern kitchen, BRL 450,000 = $US186,700 -
Condo Fee BRL340 per month = $US141 - |
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| 2. Ipanema
near PRA?A OS?RIO [a Plaza] two blocks to beach. 2 bedrooms, partially
furnished, BRL140,000 = $US58,000.
3. Leblon
- fronts on two streets, 3 bedrooms, two baths, garage, quiet area, BRL350,000
= $US145,200 -
Other areas
beyond Ipanema and Leblon were also in the same price range reflected in
this article.
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| It is my intention
to return to Rio in the next month or so and try to line up a property
for myself. I will include my findings in the next issue of the Offshore
Real Estate Quarterly.
Window of
Investment Opportunity
As pointed
out in the article "ABC's Of Exchange Controls, International Real Estate
& Foreign Currencies" - Also in this issue: http://www.escapeartist.com/OREQ1/Exchange_Controls.html
- The purchasing power of a nations currency profoundly effects the actual
price of that nations real estate. Currency rates are cyclical and nations
with high rates of inflation have weak currencies subject to periodic devaluation's.
Immediately following a devaluation the price of commodities produced within
that nation, (as well as it’s real estate), becomes cheaper to buyers who
have sound currencies and are capable of using those sound currencies to
make their purchases. |
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Offshore
Resources Gallery
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| This can be
termed a 'window of opportunity.
These windows
of opportunity can be excellent opportunities to double our money.
In the case of Brazil we are purchasing a property at a great discount.
In effect we can assume that we might well realize a 150% profit over every
dollar we invest. For example, if we purchase a condo in Rio de Janeiro
for $10,000 - we are in effect purchasing a property with a real value
of $25,000 [or more.] Once currencies rates come back into line,
the property can be expected to rise to it's real value.
In addition,
we are buying in a depressed market, or what can be called a 'buyer's
market.' This further depresses the current price in real terms,
in addition to the opportunity created in currency terms. The Economist
recently had very stong and positive bullish comments about Brazils future,
despite it's current downturn.
Brazil is the
largest producer of the so-called third world, and it’s overall potential
is absolutely staggering. To give its potential some sort of perspective
let’s liken it to Australia, a country which is not considered a third
world country by any stretch of the imagination. |
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| Australia
has a Gross Domestic Product of US$340 million and a human population of
18 million. Brazil has a Gross Domestic Product of US$785 billion
and human population of 158 million. Brazil’s economy is 2000 times
greater than Australia’s and Brazil has at least two cities whose overall
population just within themselves exceeds the entire population of Australia.
There is no word to use for Brazil’s size and potential other than staggering.
(Anyone who has had several caipirinha, Brazil’s deservedly popular
national drink, will surely agree with our assessment).
Offshore
Real Estate as Investment
I strongly
believe that offshore real estate is today the best investment available,
and will remain so for the foreseeable future. I believe that the
reasons are obvious, and I have stated them before, and I will state them
again. Simply put, I believe that governments and their borders and
the concept of government and borders are obsolete. |
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| Escape
From America Magazine - The Magazine To Read To If You Want To Move Overseas |
| - Began Summer
1998 - Now with almost a half million subscribers, out eZine is the resource
that expats, and wantabe expats turn to for information. Our archives
now have thousands of articles and each month we publish another issue
to a growing audience of international readers. Over 100 people a
day subscribe to our eZine. We've been interviewed and referenced
by the Wall Street Journal, CNN, The Washington Post, London Talk Show
Radio, C-Span, BBC Click Online, Yahoo Magazine, the New York Times, and
countless other media sources. Featuring International Lifestyles
~ Overseas Jobs ~ Expat Resources ~ Offshore Investments ~ Overseas
Retirement - Second Passports ~ Disappearing Acts ~ Offshore eCommerce
~ Unique Travel ~ Iconoclastic Views ~ Personal Accounts ~ Views From Afar
~ Two things have ushered us into a world without borders... the end of
the cold war and the advent of the world wide web of global communications
? commerce. Ten years and over one hundred issues! We're just
getting started - Gilly Rich - Editor |
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| We humans
are only holding on to these concepts because we have no clear precedent
to call forth to guide us. A hundred years from now this will all be quite
apparent ~ we will recognize that we live on one planet and that the borders
were meaningless constructs. Today, of course this is difficult to accept.
The concept
of deterritorialization is new, but new things are certainly
not without precedent in our evolution, or we'd have had no evolution.
When human beings moved from grunting tribalism to the idea of kingdom
? empire the idea was new... when human beings moved from monarchy to democracy
the idea was new... and of course the idea of a world without borders
and/or governments is new, or fairly new, but it is inevitable. We are
one species ...despite the fact we often pretend we are not.
Two things
have ushered us into a world without borders... the end of the cold war
and the advent of the world wide web of global communications ? commerce.
Today it doesn't make a great deal of difference where in the world we
are located, we can carry on some types of commerce from anywhere; from
an island in the middle of the Caribbean to a sheep ranch in the the Australian
outback. A game of global musical chairs has begun, and we are now changing
places with people willing to come to America to work for a wage we no
longer consider attractive, while we begin to move further afield in search
of greener pastures. Many of us are now looking for what might be called
a 'life.' Tomorrow, it will make a great deal of difference
where we live. But certainly not in the same sense as we now perceive it.
Tomorrow we will live where the best real estate exists, where the least
crime and repression exists, where population pressures have not decimated
the environment and where business is encouraged and not hindered by legislation.
We will live there regardless of that place's global location or it's former
political posture. If we can now buy an apartment in Rio de Janeiro, a
ranch in Argentina (or Uruguay, or New Zealand, or name your spot,)
for ten cents on the dollar of what a similar property inside the United
States would cost us, and if we can carry on commerce from anywhere we
are, how long do you imagine it's going to take your neighbor to realize
the very same thing? As Doug Casey put it, "those folks who buy that
ranch in Argentina today are going to have grandchildren who will think
they were a genius."
NASDAQ Down
~ Offshore Real Estate As an Investment For Smart Buyer's
How much money
should we invest in offshore real estate, how safe is it and where should
we buy? It is probably no more risky to buy offshore real estate
than it is to invest in the NASDAQ. All markets are cyclical and
all investments are a gamble. In the case of real estate, you still
own a functional or useful property, if you buy right. In my view
that's much better than owning a pile of useless stock certificates.
If you own five acres in Boquete you can always grow a garden on it, the
secondary uses for paper stock certificates are non-existent, except as
a souvenir, to use as kindle, or to wipe up a mess. Real estate endures,
they aren't making any more of it, and it has intrinsic value. In
this article, we've seen that we can buy it at a significant discount,
but we still have to buy smart. Let's discuss that.
Buying Smart
in Offshore Real Estate on the next page ~ C
L I C K H E R E - |
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Article
Index ~ Brazil
Index ~ |
