Thread: Words of wisdom from real estate guru "Saint"
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04-13-08 18:52 #35
Posts: 1657Wow @ all the hate on this thread.
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04-13-08 17:59 #34
Posts: 366Again Redondo, what's a shitload.
Originally Posted by Redondo
Argento
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04-13-08 14:51 #33
Posts: 439I for one can understand that anybody who has investments with an annual pay-out of about 15 to 30k and about 100k in dollars in cash to buy an appartment in BA.
With 100 to 150 peso a day you can still have a pretty good life in BA and quality of life is pretty high.
You could offcourse also buy an appartment in the first world for about 300 to 800k but in the first case you could spend 8000 dollar a year and in the second case about 28.000 dollar if you base it on a ROI of 4%. With a ROI of 6% annual it's 12k and 42k.
You offcourse can get a mortage, but that also means that you have to mortage your future and if you own in BA you are more independent and from the money you spend on your mortage you can still have a pretty good life.
I think that if inflation is so high that you can't have a decent life for about 2000 to 3000 dollar a month most foreigners will leave
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04-13-08 14:08 #32
Posts: 439[QUOTE=Argento]
Originally Posted by Aqualung
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04-13-08 11:29 #31
Posts: 366'. A shitload.'
Originally Posted by Redondo
So what is a shitload?
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04-13-08 06:47 #30
Posts: 439Originally Posted by Exon123
You have people that don't want to rent, you have people that have family in Argentina, have kids in Argentina, etc.
Either way you always need to have homes for people and the population is still pretty young if you compare it to most first world country, so there will always be people that want to rent or buy.
Argentina real estate is also a refuge for putting money in the bank and this will not change with an economic crisis
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04-13-08 06:21 #29
Posts: 366My point exactly.
[QUOTE=Aqualung]
Originally Posted by Argento
Argento
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04-13-08 01:01 #28
Posts: 754[QUOTE=Argento]
Originally Posted by Redondo
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04-13-08 00:39 #27
Posts: 2599Why would anyone want to invest in a country with 20 to 25 precent inflation, especialy if the terms are all cash in US dollars.
The next "Crisis" or revolution will more than likely be over the uncontrolable inflation in Argentina. A country in which 25 % of the people live below the poverty level.
There's big trouble brewing in Argentina and its not more than two or three years away.
Real Estate is like politics, its all local, location, location as they say in real estate. So why invest in a third world economy with 20 percent unemployment when you rent the property cheaper that you can own in.
Real Estate in Argentina is a form of cash, they can't trust their banks or the government so the Argentine's put their money in property and hope to rent it.
As an example each day Craigs List has Ad's http://buenosaires.en.craigslist.org/apa/ plus all the rental agencys.
Exon
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04-12-08 14:49 #26
Posts: 439[QUOTE=Argento]
Originally Posted by Redondo
It can easily beat many locations in Capital especially the ones that are not close to the subte, and there is no need to go with the sucky collectivos.
I would probally not go a lot with a car to Capital but mainly use the car to get around in Zona norte (that is a need, especially if you have kids) and interior.
It's sucks to go with a car to capital and if you do you should go outside rush hours, but it sucks as well to have a car in Capital, so not a lot difference there
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04-12-08 12:22 #25
Posts: 366Thanks for that!
[QUOTE=Redondo]
Originally Posted by Argento
And on public transport, you must include the time getting to the collection point, waiting for the train or bus as well as getting to your ultimate destination from the distribution point. Not quite the same as starting up the car and going there.
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04-12-08 11:28 #24
Posts: 60Thank you all, guys
To all fellows,
I am realy greatful for the infos, be sure I do not take the first apartment I see.
I recieved one offer which is allready in my interest, but I will look arround first because I nail something.
If its done I will officialy anounce it and if you guys don't mind I will cook something european and invite you for a "move in" party. I pay the drinks, you all pay the chicks - hehehehe, just kidding.
Anywayy, we will have some nice BBQ and than we see what will happen later.
BUT. No shagging in my future shower!;-)
Have a great weekend, yours C.
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04-12-08 11:28 #23
Posts: 439[QUOTE=Argento]
Originally Posted by Redondo
Retiro - Beccar is about 35 minutes, 10 minutes walking, waiting makes about 45 to 50 minutes.
As I don't depend on a job in Argentina (Carne probally neither) I can travel to Capital when I want and if you avoid rush hours it's about 45 minutes. But either way it would make more sense to take the Mitre because you can get off in every good part of town (Nunez, Belgrano, Palermo, Recoleta, Microcentre)
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04-12-08 11:22 #22
Posts: 439Originally Posted by BadMan
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04-12-08 05:32 #21
Posts: 1657Someone
Well I got to hand it to you Redondo, you actually are posting some interesting information (although it has nothing to do with women)
I would say prices vary depending on the location, the building category, age, prestige and the actual floor the apartment is on, building height etc. I will list new building prices below.
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New building prices*
Palermo Nuevo (the neighborhood I am currently purchasing in) and Palermo Chico are some of the priciest neighborhoods in Palermo (anywhere from $ 2000-$ 3500 a sq meter) Las Canitas is around $ 1800-2200 And Palermo Hollywood is around $1600-2000. Then Palermo SoHo and Palermo Viejo are around $ 1500-$ 1900 (I actually disagree with the newbie poster below, I think these prices are what make SoHo and Viejo some of the most attractive real estate investments in the whole city)
I stay completely away from Recoleta for many different reasons, but prices there are easily $ 2000-3000 a sq meter. And I stay completely away from anything in the center (it's like living in downtown LA) San Telmo is a place where you can still get big apartments at extremely low prices.
I think there are always good deals if you are lucky and bide your time. But if you are looking for a good cheap deal, stay away from brand new buildings in the nicer neighborhoods. Try finding a nice fixer upper in an older building. Prices for brand new apartments in brand new buildings in Palermo are at least $ 1500-1800 a sq meter.
Regards,
BM.