In most metropolitan and touristic places, prices in Brazil have more than doubled in the last 5 years. Good time to be a seller rather than a buyer. General inflation is running around 15%...
That said, the construction boom continues...
You dont need to be a genius to know that US real estate is one of the most undervalued assets in the world.
real estate is a culture here, just like the market in the us.
Argentina, a bit expensive in the big cities.
Bs as. Us$3000 sq2
The best land here in patagonia in "el hoyo" is 50k or less per hectare.That could includeriver on land.
Uruguay is THE MOST RIDILOUS. Punta del este. But then it was used to avoid taxes for 30 years, prices could plummet here worst.
BEST DEAL ,,, CHILE by far . ITS A GIFT . I went surfing five hours from here. I'll put up picks on facebook. A 3 cabin lot 1500sq2 ON THE BEACH 80k...
LAND IN CHILOE IS A GIFT, farming + AQUACULTURE ...
The Brazilian government thinks it has a strong case against Chevron. This BRIC country is not your banana republic so maybe there is something to the charges. I personally don't think Brazil would go out on a limb unless the prosecutor had overwhelming evidence of wrong doing. Criminals always claim they didn't do it.
So this was my post almost six months ago:
"You didn't ask for my advice, but I'll give you my take and you have another opinion.
I won't get into all the specifics and reasons why. Simply put, sell 75% of you position in PBR. Take 25% and put in in APA, take the other 25% and put it in MRO, with the remaining 25% take your pick of TOT STO or SSL .... and wait. No guarantees, but I think you have a much better chance than sitting in PBR or doubling up(down)."
Six months charts comparison:
I said it before (on that same thread) and I’ll say it again “smart”…
…and since we are playing back to the future six months ago…
Somewhere in here, waddawhat suggested http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_P/threadview?m=ts&bn=26953&tid=43325&mid=43482&tof=-1&rt=2&frt=2&off=1
“Here's another idea, what about shorting international real estate?”
six months later, just out:
“U.S. Investors Commit Nearly $1 Billion To Brazilian Real Estate In New Fund 3/21/2012”
lol…can you believe these people?
No one has ever faulted someone for taking a profit; that's just good business sense. I am long this stock together with Morgan Stanley, Goldman Sachs, and Vanguard. This is not a short term hold at this price, the future is in the new oil discoveries together with the upcoming new refineries which will enable them to boost their output by the end of next year. China has a huge investment with PBR and interests with big oil companies in the U.S. also brings in added renvenue. Just my opinion, so bashers have at it. . .